The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Automotive Exhaust Systems Global Market Report 2024, the automotive exhaust systems market is expected to show significant growth in the forecast period.

Current Market Trends and Growth Figures

• The automotive exhaust systems market has experienced strong growth in recent years.
• Market size rose from $40.28 billion in 2023 to $42.91 billion in 2024.
• Compound Annual Growth Rate (CAGR) stands at 6.5%.
• Factors driving historic growth include regulatory emissions standards, consumer demand, vehicle production growth, fuel efficiency requirements, and noise pollution control.

Forecasts and Future Expectations

• Strong growth projected for the automotive exhaust systems market, reaching $55.89 billion by 2028.
• Anticipated CAGR of 6.8%.
• Forecasted growth attributed to electric and hybrid vehicles, lightweight materials, autonomous vehicles, aftermarket and retrofit market, hydrogen fuel cell vehicles, recycling and sustainability, and emissions reduction goals.
• Major trends in the forecast period include emission reduction technologies, integration of sensors and electronics, advanced manufacturing techniques, collaborations and mergers, customization and aesthetics, and advanced coating technologies.

Market Dynamics

Rapid Increase In Car Ownership Spurs Growth

• Automobile production surge drives demand for automotive exhaust systems.
• Rising disposable income and demand for personal vehicles propel global automobile demand.
• Around 80 million cars, including passenger and commercial vehicles, were produced in 2021, marking a 3% increase from 2020.
• Increasing automobile production expected to boost demand for exhaust systems.
• Major players include Benteler International AG, Continental AG, Faurecia SE, among others.

Innovation In Lightweight Exhaust Systems Market

• Companies focus on developing innovative products with enhanced design using lightweight materials.
• Lightweight exhaust systems reduce vehicle weight, enhance engine efficiency, and decrease fuel consumption.
• Akrapovic d. d. introduced the Racing Line (titanium) and Slip-On Line (titanium) for Yamaha bikes, featuring lightweight titanium construction and advanced designs.

Faurecia And Hella’s Collaboration Enhances Auto Tech Portfolio

• Faurecia SE acquired Hella KGaA Hueck & Co. for $5.68 billion in August 2021.
• Collaboration creates the 7th largest global automotive supplier with an advanced technology portfolio.
• Hella KGaA Hueck & Co. specializes in lighting, electronic components, and systems for the automotive industry.

Market Segmentation

By Technology

• Diesel Oxidation Catalyst (DOC)
• Diesel Particulate Filter (DPF)
• Selective Catalytic Reduction (SCR)
• Exhaust Gas Recirculation (EGR)
• Gasoline Particulate Filter (GPF)
• Other Technologies

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicle
• Truck and Bus

Regional Insights

Asia-Pacific Dominance

• Asia-Pacific emerged as the largest region in the automotive exhaust systems market in 2023.
• The region’s significant automotive industry contributes to its dominance.

View More On The Automotive Exhaust Systems Market Report 2024 –
https://www.thebusinessresearchcompany.com/report/automotive-exhaust-systems-global-market-report

Request A Sample Of The Global Automotive Exhaust Systems Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=7220&type=smp

The Automotive Exhaust Systems Global Market Report 2024  provides an in-depth analysis on the automotive exhaust systems market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the automotive exhaust systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Automotive Engine Oil Global Market Report 2024

Automotive Electric HVAC Compressor Global Market Report 2024

Automotive ECU Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model