Exhaust System Market

The exhaust system market is projected to grow from USD 32.9 billion in 2024 to USD 40.6 billion by 2030, at a CAGR of 3.6%. This market growth can be attributed to rising vehicle emissions, growing awareness of environmental sustainability, and growing penetration of after-treatment device combinations, including Selective Catalyst Reduction (SCR) and Diesel Particulate Filter (DPF).

Major exhaust system OEMs are from the US, Europe, and Japan. The top five OEMs in the exhaust system market are Forvia Faurecia (France), Tenneco Inc. (US), Continental AG (Germany), Eberspächer (Germany), and Futaba Industrial Co., Ltd. (Japan). Key players in the exhaust systems market are investing in new technologies such as Advanced catalytic converters, Exhaust gas recirculation, and Advanced GPF.

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Forvia (France) is a key player in the Exhaust System market.  FORVIA operates through six business segments: Seating, Interiors, Clean Mobility, Electronics, Lighting, and Lifecycle Solutions. Within the Clean Mobility segment, the company offers exhaust system products essential in reducing harmful vehicle emissions by treating exhaust gases before they are released into the environment. These products include components such as catalytic converters, diesel particulate filters, selective catalytic reduction (SCR) systems, and mufflers. In 2023, FORVIA invested USD 1.03 billion in research and development activities, representing 3.4% of its total revenue. Faurecia, in collaboration with HELLA, is part of the FORVIA Group. With operations in over 40 countries, FORVIA boasts more than 300 industrial facilities and 63 research and development centers.

Tenneco Inc (US) operates through four business segments: Motorparts, Performance Solutions, Clean Air, and Powertrain. Within the Clean Air segment, Tenneco offers exhaust system products, including diesel particulate filters (DPFs), lean NOx traps, selective catalytic reduction (SCR) systems, SCR-coated diesel particulate filters, alternative NOx reduction technologies, mufflers, and pipes. Tenneco advances global transportation through innovative technological solutions for light vehicles, commercial trucks, off-highway vehicles, industrial equipment, motorsports, and the aftermarket. Tenneco employs 71,000 individuals globally, operates 184 manufacturing sites worldwide, and maintains 30 globally connected engineering and technical centers and 24 aftermarket distribution centers. The company has a strong presence in North America, Europe, and Asia-Pacific. In November 2022, Apollo Global Management completed the acquisition of Tenneco Inc.

Continental AG (Germany) operates through four main segments: Automotive, Tires, ContiTech, and Contract Manufacturing. The company's exhaust system products are part of the Automotive segment, which focuses on enhancing internal combustion engine efficiency and emissions performance. Continental's offerings in this area include exhaust gas after-treatment systems, sensors and actuators, particulate filter hose lines, selective catalytic reduction (SCR) systems, and exhaust gas temperature sensors. These products enable automotive manufacturers to comply with stringent emissions regulations, improve fuel efficiency, and support the transition toward more sustainable mobility solutions. Continental operates in Germany and 56 other countries, with locations dedicated to production, research and development, and administration. The company also has sales offices in North and South America, Europe, Asia, and Australia, which include Continental-branded tire stores, franchises, and affiliated companies. Continental's operational facilities span North and South America, Africa, Europe, Asia, and Australia. Its research and development centers are in Germany, the United States, China, Singapore, Mexico, and India.

Eberspächer (Germany) is renowned for its reliable automotive systems and components, operating under three segments: Exhaust Technology, Climate Control Systems, and Automotive Controls. The company's innovative products, such as the Diesel Oxidation Catalyst (DOC), Diesel Particulate Filter (DPF), and Selective Catalytic Reduction (SCR) after-treatment filters for passenger cars and commercial vehicles, improve air quality and sustainably reduce traffic noise. Additionally, the lightweight construction of these products contributes to lower CO2 emissions. Eberspächer maintains a global presence, with operations in 25 countries and 80 locations across major regions, including North America, Europe, and the Asia-Pacific. In 2022, the company allocated approximately 1% of its annual revenue to research and development activities. Eberspächer is a key supplier of exhaust systems and components to major automotive OEMs, including Audi, Toyota, Ford, Isuzu, SEAT, Škoda, Volkswagen, Daimler, and others. In May 2021, Eberspächer announced that its exhaust technology division would operate under the brand 'Purem by Eberspächer.' This strategic initiative aims to enhance operational independence within the exhaust technology sector and foster expanded global collaboration opportunities with other entities.

Futaba Industrial Co., Ltd. (Japan) is renowned for its contributions to the automotive industry. The company operates through two primary business segments: Electronic Devices, Machinery, and Tooling. Futaba manufactures exhaust manifolds, catalysts, center and rear mufflers, and exhaust pipes. It offers Diesel Particulate Filters (DPF) and Selective Catalytic Reduction (SCR) systems that comply with Euro 6 standards. These components are produced for passenger vehicles, commercial vehicles, construction machinery, and industrial engines. Futaba operates in North America, Europe, and the Asia-Pacific region, with a powerful presence in the Asia-Pacific, generating approximately 85% of its revenue. The company has seven manufacturing plants in Japan and operates in around 20 locations across major regions, including Asia, Europe, and North America. Futaba's major clients include Toyota, Mitsubishi, Honda, Daihatsu, Suzuki, Nissan, Hino, and Fuji Xerox.

Related Reports:

Exhaust System Market by After-Treatment Device (DOC, DPF, LNT, SCR, GPF), Vehicle Type (LCV, Trucks, Buses, Tractor, Construction & Mining Equipment), Aftermarket, Component, Application, Fuel Type, Sales Channel and Region - Global Forecast to 2030

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