Dublin, Nov. 02, 2018 (GLOBE NEWSWIRE) -- The "Exhaust System Market by After-Treatment Device (DOC, DPF, LNT, SCR, and GPF), Aftermarket (DOC, DPF, and SCR), Vehicle Type (Passenger Car, LCV, HCV, Construction Equipment, and Agriculture Tractor), Component, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The exhaust system market is estimated to be USD 84.8 billion in 2018 and is projected to reach USD 128.2 billion by 2025, at a CAGR of 6.08%.

The demand for exhaust systems is driven by the increasing vehicle production, stringency in emission norms, and technological partnership between OEMs and Tier I players. However, increasing sales of BEVs and the high cost of lightweight exhaust components are acting as restrains for the exhaust system market.

The catalytic converter accounted the largest share for the exhaust system market, by component. The growth can be attributed to the increased production of passenger cars and commercial vehicles around the world. The catalytic converter is a standard fitment across all vehicle categories, and thus, the growth of catalytic converter is directly proportional to the rise in vehicle production. Also, exhaust system manufacturers have been continuously investing in R&D activities to develop technologically advanced products that comply with new guidelines. As a result, the three-way type is mostly preferred catalytic converter as it minimizes critical gaseous pollutants through a single system and becomes cost effective among the other types. Hence, automotive OEMs are offering this three-way catalytic converter in the vehicles to meet the stringent emission standards that spur the demand for this type in the coming years.

Agriculture tractors hold the maximum share in the overall off-highway vehicle segment. The demand for agricultural tractors is driven by increasing mechanization rate, rising global population, shortage of skilled farm labor, increasing labor cost, and the growing need for operational efficiency and profitability. With the rising demand for tractors, the demand for several after-treatment devices will also grow simultaneously. DOC and DPF devices are fitted in most of the agricultural tractors to comply with off-highway vehicle emission norms. The deployment of these devices is more prominent in Europe and North America, and will eventually boost up in the Asian countries also. Alternatively, deployment of SCRs is dependent on the engine capacity. For instance, <200 kW agricultural tractors are mostly equipped with DOC and DPF, whereas >200 kW tractors are equipped with DOC, DPF, and SCR. Thus, with the growing demand for agricultural tractors and the governments' push toward lower emissions would drive the exhaust system market in the coming years.

The exhaust system market in Asia Oceania is expected to be the largest during the forecast period. The major driving factors are huge vehicle production and upcoming emission norms in developing countries such as China and India. China and India are currently following China IV and BS IV respectively, and are planning to launch China VI and BS VI directly which will fuel the growth of various after-treatment devices. However, the adoption rate of after-treatment devices is comparatively low against the European countries, the US, and Canada.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Exhaust SystemGlobal Market Sizing & Forecast
4.2 Exhaust System (OE) Market, By Region
4.3 Exhaust System (OE) Market, By Component
4.4 Exhaust System (OE) Market, By After-Treatment Device
4.5 Exhaust System (OE) Market, By Ic Vehicle Type
4.6 Exhaust System (OE) Market, By Off-Highway Vehicle
4.7 Exhaust System Aftermarket, By Ic Vehicle Type

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Vehicle Emissions Leading to Increased Stringency in Emission Regulations and Fuel Economy Standards
5.2.1.1.1 On-Highway Vehicle Production Growth and Growing Emissions From these Vehicles
5.2.1.1.2 Region-Wise Emission and Fuel Efficiency Targets
5.2.1.1.3 After-Treatment Devices for On- and Off-Highway Vehicles
5.2.1.2 Technology Partnerships Between Automakers and Exhaust System Manufacturers
5.2.2 Restraints
5.2.2.1 Increasing Sales of Battery Electric Vehicles (BEVS)
5.2.2.2 High Cost of Lightweight Exhaust Components
5.2.3 Opportunities
5.2.3.1 Advanced Exhaust Heat Recovery Systems
5.2.3.2 Increase in Use of Gasoline Particulate Filter (GPF) With the Advancement in GDI Engine
5.2.3.3 Introduction of Real Drive Emission (RDE) Tests
5.2.4 Challenges
5.2.4.1 Maintaining A Balance Between Performance and Low-Cost Diesel After-Treatment Devices
5.2.4.2 Global Harmonization of Emission Regulations

6 Technical Overview
6.1 Introduction
6.2 Major Components and their Functions in an Automotive Exhaust System
6.2.1 Exhaust Manifold
6.2.2 Catalytic Converter
6.2.2.1 Substrate
6.2.2.2 Wash-Coat
6.2.2.3 Catalyst
6.2.3 Muffler
6.2.4 Tailpipe
6.2.5 Resonators
6.2.6 Active Noise Cancellation (ANC)
6.3 Advanced After-Treatment Technologies
6.3.1 Diesel Particulate Filter
6.3.2 Selective Catalytic Reduction
6.3.3 Gasoline Particulate Filter

7 Emission and Fuel Economy Norms
7.1 Introduction
7.2 Upcoming Emission and Fuel Economy Standards, Up to 2025
7.2.1 Passenger Car
7.2.2 Light Commercial Vehicle
7.2.3 Heavy Commercial Vehicle
7.2.4 Diesel Vehicle Sulphur Limit, By Region
7.2.5 Gasoline Vehicle Sulphur Limit, By Region
7.3 Europe
7.4 North America
7.4.1 US Federal Standards
7.4.2 California Standards
7.5 Asia Oceania
7.5.1 China
7.5.2 Japan
7.5.3 India
7.5.4 South Korea
7.6 RoW
7.6.1 Brazil
7.6.2 South Africa
7.6.3 Iran

8 Exhaust System (OE) Market, By After-Treatment Device
8.1 Introduction
8.2 Diesel Oxidation Catalyst (Doc)
8.2.1 Asia Oceania is Estimated to Lead the Diesel Oxidation Catalyst Market
8.3 Diesel Particulate Filter (DPF)
8.3.1 Europe Hold the Largest Market Share for Diesel Particulate Filter
8.4 Lean Nox Trap (LNT)
8.4.1 <2 Litre Engine Capacity Passenger Cars Have Fitment of Lean Nox Trap
8.5 Selective Catalyst Reduction (SCR)
8.5.1 Upcoming Stringency in Global Emission Standards Drives the SCR Market
8.6 Gasoline Particulate Filter (GPF)
8.6.1 With Increase in Gasoline Direct Injection (GDI) Engines, Europe is Anticipated to Be the Fastest Market

9 Exhaust System (OE) Market, By Component
9.1 Introduction
9.2 Exhaust Manifold
9.2.1 Asia Oceania is Estimated to Lead the Engine Manifold Market
9.3 Downpipe
9.3.1 With Maximum Share in Global Vehicle Production, Asia Oceania Leads the Engine Downpipe Market
9.4 Catalytic Converter
9.4.1 Three Way Catalytic Converter is the Most Popular Type Owing to It's Higher Efficiency to Filter Emission Gases
9.5 Muffler
9.5.1 Resonator is Integrated in the Muffler for Weight Reduction Which is Used to Refine Sound Level
9.6 Tailpipe
9.6.1 in V Engine Configuration, Usually Two Tailpipes are Equipped to Maintain Back Pressure and Improved Aesthetic Appearance
9.7 Sensors
9.7.1 Asia Oceania is the Largest Market for Exhaust Sensors

10 Exhaust System (OE) Market, By Vehicle Type
10.1 Introduction
10.2 Passenger Car
10.2.1 LNT is Usually Installed in Class -A, B, and C Passenger Cars
10.3 Light Commercial Vehicles (LCV)
10.3.1 Doc is Dominating After-Treatment Technology in Light Commercial Vehicles
10.4 Truck
10.4.1 SCR is Fastest Growing Market in Truck Owing to the Stringency in Emission Norms for Heavy-Duty Vehicles
10.5 Bus
10.5.1 Asia Oceania is Estimated to Hold the Largest Exhaust System Market for Buses

11 Exhaust System Aftermarket, By Vehicle Type
11.1 Introduction
11.2 Light Duty Vehicles
11.2.1 Ldv Hold Largest Aftermarket Share for the After-Treatment Devices By Volume
11.3 Heavy Duty Vehicles
11.3.1 SCR Leads the Hdv After-Treatment Devices Market During the Forecast Period

12 Exhaust System (OE) Market, By Off-Highway Vehicle
12.1 Introduction
12.2 Agricultural Tractor
12.2.1 <200 Kw Agricultural Tractors are Mostly Equipped With Doc and DPF, Whereas >200 Kw Tractors are Equipped With Doc, DPF, and SCR
12.3 Construction Equipment
12.3.1 DPF is Anticipated to Lead Construction Equipment After-Treatment Devices Market

13 Exhaust System OE Market, By Region
13.1 Introduction
13.2 Asia Oceania
13.2.1 China
13.2.1.1 SCR is the Prominent After-Treatment Device Market in China
13.2.2 India
13.2.2.1 India is Estimated to Be the Fastest Market in Asia Oceania
13.2.3 Japan
13.2.3.1 Japan is the Second Largest Market for After-Treatment Device in Asia Oceania
13.2.4 South Korea
13.2.4.1 DPF is Estimated to Be Largest Market in South Korea as of 2018
13.2.5 Thailand
13.2.5.1 DPF is Estimated to Be Largest Market During the Forecast Period
13.2.6 Rest of Asia Oceania
13.2.6.1 SCR is Estimated to Be Largest After-Treatment Device Market By 2025
13.3 Europe
13.3.1 Germany
13.3.1.1 Germany is Estimated to Be the Largest Market for Exhaust System By After-Treatment Device
13.3.2 France
13.3.2.1 SCR is Estimated to Be Largest After-Treatment Device Market By 2025
13.3.3 Spain
13.3.3.1 DPF and Doc are Estimated to Be Largest Market By Volume
13.3.4 Turkey
13.3.4.1 DPF is Estimated to Be Largest Market During the Forecast Period
13.3.5 UK
13.3.5.1 DPF is Estimated to Be Largest Market in UK as of 2018
13.3.6 Russia
13.3.6.1 Doc is Estimated to Be Largest Market By Volume in 2018
13.3.7 Rest of Europe
13.3.7.1 SCR is Projected to Be the Fastest Market
13.4 North America
13.4.1 US
13.4.1.1 After-Treatment Devices Such as Doc and DPF Have Almost 100% Adoption Rate for Diesel Vehicle in Us
13.4.2 Canada
13.4.2.1 SCR is Estimated to Be Largest After-Treatment Market By 2025
13.4.3 Mexico
13.4.3.1 Mexico is Estimated to Be the Fastest Growing Market in North America Owing to Increasing Vehicle Production
13.5 RoW
13.5.1 Brazil
13.5.1.1 Doc is Estimated to Be Largest Market By Volume as of 2018
13.5.2 Iran
13.5.2.1 Iran is the Fastest Growing Market in Row
13.5.3 Rest of Row
13.5.3.1 DPF is Estimated to Be Largest Market By 2025

14 Competitive Landscape
14.1 Overview
14.2 Exhaust System Market: Market Share Analysis
14.3 Competitive Scenario
14.3.1 Expansions
14.3.2 New Product Launches/New Product Developments
14.3.3 Supply Contracts
14.3.4 Partnerships/Joint Ventures
14.3.5 Mergers & Acquisitions

15 Company Profiles
15.1 Faurecia
15.2 Tenneco
15.3 Continental
15.4 Eberspcher
15.5 Futaba Industrial
15.6 Benteler International
15.7 Friedrich Boysen
15.8 Yutaka Giken
15.9 Sejong Industrial
15.10 Bosal

16 Additional Company Profiles
16.1 North America
16.1.1 Magnaflow
16.1.2 Katcon
16.1.3 Grand Rock
16.2 Europe
16.2.1 Fennosteel
16.2.2 Dinex
16.2.3 Eminox
16.2.4 European Exhaust and Catalyst
16.3 Asia Oceania
16.3.1 Sango
16.3.2 Calsonic Kansei
16.3.3 Sharda Motor Industries

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Related Topics: Automotive Aftermarket, Exhaust Systems and Components 

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