Automotive Exhaust System Market Growth
Potential & Forecast, 2032
Automotive Exhaust System Market size is anticipated to expand at over 7% CAGR from 2023-2032 driven by the global shift towards EVs worldwide.
With the automotive sector embracing sustainable mobility, traditional exhaust systems are evolving to accommodate the unique needs of EVs. The rising collaborations between traditional exhaust system manufacturers and electric vehicle producers is contributing to innovative solutions, reflecting the commitment to environmentally friendly transportation. For instance, in July 2023, Milltek Sport launched an improved high-performance exhaust system for BMW's M2 Coupe for maximizing additional capability from the new baby M vehicle. The development of exhaust solutions for hybrid and electric powertrains, including sound management systems and emission controls for range extenders, is also accelerating the market growth.
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As per vehicle type, the automotive exhaust system market from the commercial vehicles segment is anticipated to witness high demand between 2023 and 2032. The escalating need for global logistics and transportation coupled with a growing number of strict emission regulations for commercial vehicles is contributing to the rising demand for advanced exhaust systems, including selective catalytic reduction and diesel particulate filters. Furthermore, leading commercial vehicle manufacturers are heavily investing in innovative exhaust technologies to enhance fuel efficiency and reduce environmental impacts.
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Partial chapters of report table of contents (TOC):
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Automotive exhaust system market 360º synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Component trends
2.5 Vehicle type trends
2.6 Fuel type trends
Chapter 3 Automotive Exhaust System Industry Insights
3.1 Impact of COVID-19
3.2 Industry ecosystem analysis
3.3 Vendor matrix
3.4 Profit margin analysis
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
3.7.1 Partnership/Collaboration
3.7.2 Merger/Acquisition
3.7.3 Investment
3.7.4 Product launch & innovation
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Rising demand for fuel efficiency
3.9.1.2 Advancements in exhaust system technologies
3.9.1.3 High focus on material innovations
3.9.1.4 Increased awareness of environmental impact
3.9.2 Industry pitfalls & challenges
3.9.2.1 Stringent emission standards
3.9.2.2 Global economic uncertainties
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
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