Automotive Exhaust System Market Trends

Growth Drivers

• Rising Emission from Passenger Vehicle - several components of exhaust system work together to provide a conduit for exhaust gases to exit the engine by making their way out beneath the vehicle with a reduced exhaust noise. The rising vehicular emission is expected to boost the automotive exhaust market in the forecasted period. For instance, an average passenger vehicle emits nearly 400 grams of Carbon Dioxide (CO2) per mile.
• Growing Urban Pollution – for instance, it was estimated that, traffic was responsible for around 25% of urban ambient air pollution from fine particulate matter (PM2.5) in 2019.
• Increasing Registrations of Diesel Cars – for instance, 30 % of new passenger cars registered in European Union in were diesel powered.
• Growing Number of Vehicles – for instance, China being the largest holder of the fleet of motor vehicles in the world, has 300 million motor vehicles, excluding two-wheelers in 2022.

Challenges

• Stringent Government Emission Norms & Exhaust System Policy
• Surge in the Demand of Electric Vehicles
• Low Awareness About the Emission Ill-effects Amongst the Populace