排気システム市場 : 2030年までの世界予測

Exhaust System Market - Global Forecast To 2030

排気システム市場 : 後処理装置(DOC、DPF、LNT、SCR、GPF)、車両タイプ(LCV、トラック、バス、トラクター、建設・鉱山機械)、アフターマーケット、コンポーネント、用途、燃料タイプ、販売チャネルおよび地域別 - 2030年までの世界予測
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
出版MarketsandMarkets
出版年月2024年7月
ページ数326
図表数421
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The automotive exhaust systems market is projected to grow from USD 32.9 billion in 2024 to USD 40.6 billion by 2030, at 3.6%.

自動車排気システム市場は、2024 年の 329 億米ドルから 2030 年までに 406 億米ドルに 3.6% 成長すると予測されています。

排気システム市場 : 2030年までの世界予測

There’s a rise in demand for automotive vehicles in the APAC and the Latin America market; this is happening as the economies are developing rapidly and the disposable incomes are rising. The governments have also introduced stringent rules and regulations to control the emissions. Technologies such as selective catalytic reduction (SCR), diesel particulate filters (DPF), and gasoline particulate filters (GPF) are becoming standard in meeting these requirements. The manufacturers make various efforts by investing in R&D such as developing exhaust gas sensors by continental AG and developing Cold start thermal unit by Tenneco.

“The SCR segment accounted for the largest and fastest aftermarket segment in the exhaust systems market during the forecast period.”
Selective catalytic converters (SCR) accounted for the largest aftermarket segment in the exhaust system market. Recent advancements in the aftermarket for Selective Catalytic Reduction (SCR) devices have centered on improving performance and efficiency. In 2023, Cummins expanded its Modular Aftertreatment System, which integrates proven diesel particulate filter (DPF) and SCR technologies into a flexible, modular solution. This system is designed to meet some of the world’s most stringent emission regulations while enhancing engine reliability and efficiency. SCR technology continues to be an effective solution for reducing nitrogen oxide (NOx) emissions and improving fuel economy while being virtually maintenance-free. Cummins’ electronic controls and software are designed to support a full range of after-treatment options, including flow-through catalysts, DPF, SCR systems, and injection system controls. These control systems can function as standalone modules to enhance engine control or be integrated directly into the engine control module. Growing stringent emission norms specifically for NOx emissions and SCR systems is an effective technology for reducing NOx emissions. Further, advancements in SCR catalyst design, urea injection systems, and engine control technologies have enhanced the performance and cost-effectiveness of SCR systems, driving the adoption of SCR systems for emission control.

排気システム市場 : 2030年までの世界予測 ecosystem

“The passenger car segment is expected to be the largest and fastest vehicle type segment during the forecast period.”
The passenger car segment is estimated to be the largest market for exhaust systems because of its largest share in vehicle production across all vehicle types. The stringency in emission norms for passenger cars, primarily in the US and European countries, further drives the passenger car segment’s growth. According to ACEA, global passenger car sales increased by 9% in the first three quarters of 2023. Over 9 million cars were produced in the EU during the same period. The US manufactured around 6 million cars, marking an 11% rise compared to 2022. China manufactured 17.5 million cars, while Japan produced around 6 million cars, representing an 18.5% rise compared to 2022. The passenger car market in the US is growing at a steady rate as consumers are switching to SUVs and pickup trucks. Similarly, the demand for compact, mid and full-sized SUVs and coupes is increasing in other countries such as China, India, Japan, and Europe. These SUVs also offer diesel engines that deliver better performance and towing capacity. Many SUVs are offered with AWD or 4WD systems to provide enhanced traction and stability, particularly in adverse weather conditions or off-road situations. Also, the growth of Gasoline Direct Injection (GDI) engines will continue to fuel the installation of GPF technology in developed and emerging economies. Thus, with the rise in the production and sales of different SUV categories and the rising acceptance of GDI engines, the market for different after-treatment technologies in passenger cars is expected to be significant in the coming years.

“Europe is the second largest market in exhaust systems market.”
Europe holds the 2nd largest market share in the exhaust system industry market during the forecast period. Stringent emission regulations and the demand for smaller, more efficient engines without compromising performance are driving the growth. Developed economies such as Germany, the UK, France, and Spain account for a considerable share of the European automotive industry, which is dominated by established OEMs such as BMW (Germany), Daimler (Germany), Fiat (Italy), PSA/Peugeot-Citroen (France), and Volkswagen (Germany). Further, Europe is known for the early adoption of emission norms for all vehicle types. Europe was a diesel-driven region, but for the last 5 years, the trend has been shifting toward gasoline cars. The penetration of diesel vehicles in Europe has declined from 16.4% in 2022 to 13.6% in 2023, affecting the demand for diesel after-treatment devices like DOC, DPF, SCR, and LNT. With the Euro 7 proposal for light-duty vehicles expected to come into force from July 1, 2025, OEMs must adopt the highly effective three-way catalyst to meet the emission regulations.
Furthermore, According to an AECA publication from 2023, light commercial vehicles and buses still dominate the EU market, with over 90% of the fleet running on diesel. This underscores the significant presence of diesel-powered vehicles in the commercial segment, which will drive the growth of diesel exhaust systems in the region.

排気システム市場 : 2030年までの世界予測 region

“Asia–Pacific region is projected to be the fastest growing exhaust systems market by 2030.”
China and India are pivotal in the global automotive industry, being major producers and home to vast populations. As vehicle demand rises, the exhaust system market is expected to grow correspondingly. Another significant factor driving this growth is the continuous evolution of government emission regulations and standards, such as China 7 and BS 7. These regulatory updates, alongside increasing vehicle demand, are anticipated to support consistent expansion in the exhaust system market.

The break-up of the profile of primary participants in the automotive exhaust systems market:
• By Company Type: Tier1 – 50%,Tier2–30%, and OEMs – 20%
• By Designation: C-Level Executives – 30%, Director Level- 40%, and Others – 30%
• By Region: North America –30%, Europe – 25%, Asia Pacific – 45%

Tenneco Inc.(US), Faurecia (France), Eberspächer (Germany), Continental AG (Germany), and Futaba Industrial Co.Ltd. (Japan) are the leading providers of an exhaust system in the global market.

Research Coverage:
This research report categorizes the Automotive exhaust systems market size based on OE Market, by the after-treatment device (DOC, DPF, SCR, LNT, and GPF), OE Market, by component (sensors, exhaust manifold, downpipe, catalytic converter, muffler, tailpipe, and hangers), aftermarket by the after-treatment device (DOC, DPF, SCR, and GPF), by vehicle type (passenger car, LCV, trucks, buses), OE Market, by off-highway vehicle (agricultural tractor and construction equipment), off-highway (OE) market, by the after-treatment device (DOC, DPF, and SCR), by Fuel Type (Diesel, Gasoline) Sales Channel (OEM and aftermarket), and Region (Asia Pacific, North America, Europe, and the Rest of the World).
The report comprehensively discusses key factors impacting the growth of the automotive exhaust systems market, including drivers, constraints, challenges, and opportunities. It provides detailed analyses of major industry players, offering insights into their business profiles, solutions, services, key strategies, contracts, partnerships, agreements, new product and service launches, mergers and acquisitions, recession impacts, and recent developments. Additionally, the report includes a competitive analysis of emerging startups within the automotive exhaust systems market ecosystem.

Reasons to buy this report:
This report offers comprehensive analyses of market share and supply chains and detailed information on component manufacturers. It is designed to aid market leaders and new entrants by providing precise revenue estimates for the overall automotive exhaust systems market. Additionally, the report helps stakeholders understand the market dynamics, highlighting key drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (Vehicle pollution leading to stringent emission and fuel economy rules and regulations, growing penetration of after-treatment devices in combination), restraints (Increasing sales of clean vehicles), opportunities (Lightweight and efficient emission system supplementing the vehicle weight reduction, Growing demand for gasoline particulate filter in GDI engine), and challenges (Different emission regulations in different regulations) are fueling the demand of the exhaust systems.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the automotive exhaust systems market, such as the use of various kinds of metals in exhaust systems such as Titanium, stainless steel, etc.
• Market Development: Comprehensive information about lucrative markets – the report analyses the automotive exhaust systems market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the automotive exhaust systems market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the automotive exhaust systems market, such as Tenneco Inc.(US), Faurecia (France), Eberspächer (Germany), Continental AG (Germany), and Futaba Industrial Co.Ltd. (Japan).

Table of Contents

1            INTRODUCTION            44

1.1         STUDY OBJECTIVES      44

1.2         MARKET DEFINITION   45

1.2.1      INCLUSIONS AND EXCLUSIONS 45

1.3         STUDY SCOPE  46

1.3.1      YEARS CONSIDERED     47

1.4         CURRENCY CONSIDERED          47

TABLE 1             CURRENCY EXCHANGE RATES 47

1.5         SUMMARY OF CHANGES            48

1.6         STAKEHOLDERS            49

2            RESEARCH METHODOLOGY     50

2.1         RESEARCH DATA           50

FIGURE 1           RESEARCH DESIGN       50

FIGURE 2           RESEARCH METHODOLOGY MODEL    51

2.1.1      SECONDARY DATA       52

2.1.1.1   List of key secondary sources to estimate exhaust system market              52

2.1.1.2   Key data from secondary sources     53

2.1.2      PRIMARY DATA 54

FIGURE 3           BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE,  DESIGNATION, AND REGION    54

2.1.2.1   List of primary participants 54

2.1.2.2   Sampling techniques and data collection methods        55

2.2         MARKET ESTIMATION METHODOLOGY            55

FIGURE 4           RESEARCH METHODOLOGY: HYPOTHESIS BUILDING  56

2.2.1      BOTTOM-UP APPROACH           57

FIGURE 5           EXHAUST SYSTEM MARKET SIZE: BOTTOM-UP APPROACH (AFTER-TREATMENT DEVICE AND REGION)     57

FIGURE 6           EXHAUST SYSTEM MARKET SIZE: BOTTOM-UP APPROACH  (AFTERMARKET, BY VEHICLE TYPE)     58

2.2.2      TOP-DOWN APPROACH             58

FIGURE 7           EXHAUST SYSTEM MARKET SIZE: TOP-DOWN APPROACH (COMPONENT) 58

2.2.3      FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES              59

2.3         FACTOR ANALYSIS        60

2.4         RECESSION IMPACT ANALYSIS 60

2.5         DATA TRIANGULATION             62

FIGURE 8           DATA TRIANGULATION METHODOLOGY         62

2.6         RESEARCH ASSUMPTIONS         63

TABLE 2             RESEARCH ASSUMPTIONS         63

2.7         RESEARCH LIMITATIONS           65

3            EXECUTIVE SUMMARY 66

3.1         REPORT SUMMARY       66

FIGURE 9           EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE, 2024 VS. 2030     67

4            PREMIUM INSIGHTS      69

4.1         SIGNIFICANT OPPORTUNITIES FOR PLAYERS IN EXHAUST SYSTEM MARKET            69

FIGURE 10         RISING DEMAND FROM END USE APPLICATIONS AND GROWING PENETRATION OF GDI ENGINES TO DRIVE MARKET             69

4.2         EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE              69

FIGURE 11         SCR SEGMENT TO LEAD MARKET FROM 2024 TO 2030   69

4.3         EXHAUST SYSTEM (OE) MARKET, BY COMPONENT       70

FIGURE 12         SENSORS SEGMENT TO SECURE LEADING MARKET POSITION DURING FORECAST PERIOD     70

4.4         EXHAUST SYSTEM (OE) MARKET, BY VEHICLE TYPE     70

FIGURE 13         PASSENGER CARS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       70

4.5         EXHAUST SYSTEM MARKET (OE), BY FUEL TYPE            71

FIGURE 14         GASOLINE SEGMENT TO WITNESS HIGHER CAGR THAN DIESEL SEGMENT DURING FORECAST PERIOD 71

4.6         EXHAUST SYSTEM AFTERMARKET, BY AFTER-TREATMENT DEVICE              71

FIGURE 15         SCR SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       71

4.7         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET,  BY EQUIPMENT TYPE         72

FIGURE 16         AGRICULTURAL TRACTORS SEGMENT TO DOMINATE MARKET IN 2024             72

4.8         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET,  BY AFTER-TREATMENT DEVICE    72

FIGURE 17         SCR SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD       72

4.9         EXHAUST SYSTEM MARKET, BY SALES CHANNEL           73

FIGURE 18         AFTERMARKET SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       73

4.10       EXHAUST SYSTEM (OE) MARKET, BY REGION   73

FIGURE 19         ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024      73

5            MARKET OVERVIEW     74

5.1         INTRODUCTION            74

5.2         MARKET DYNAMICS     75

FIGURE 20         EXHAUST SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES 75

5.2.1      DRIVERS            75

5.2.1.1   Rising vehicle emissions and growing awareness of environmental sustainability              75

5.2.1.1.1 Stringent emission regulations for on-highway vehicles 76

TABLE 3             HISTORICAL OVERVIEW OF ON-ROAD VEHICLE EMISSION REGULATIONS FOR  PASSENGER VEHICLES, 2016–2024 76

5.2.1.1.2 Stringency of emission norms for off-highway vehicles 77

5.2.1.1.3 Growing emphasis on fuel performance and efficiency 77

5.2.1.2   Increasing use of after-treatment device combinations 78

5.2.2      RESTRAINTS     78

5.2.2.1   Increasing sales of cleaner vehicles   78

FIGURE 21         GLOBAL ELECTRIC VEHICLE SALES, 2018–2030  79

FIGURE 22         GLOBAL CNG AND LPG VEHICLE SALES, 2018–2030        79

TABLE 4             FINANCIAL INCENTIVES FOR ELECTRIC VEHICLES, BY COUNTRY         80

5.2.3      OPPORTUNITIES           80

5.2.3.1   Increasing demand for lightweight and efficient exhaust systems to reduce vehicle weight    80

5.2.3.2   Growing demand for gasoline particulate filters (GPFs) in gasoline direct injection (GDI) engines     81

FIGURE 23         GASOLINE-POWERED PASSENGER CAR TRENDS IN EUROPE,  2023–2030 (VOLUME SHARE)     82

5.2.4      CHALLENGES   82

5.2.4.1   Lack of uniformity in emission regulations across different regions          82

TABLE 5             OVERVIEW OF EMISSION REGULATION SPECIFICATIONS FOR PASSENGER CARS,  2016–2023  83

TABLE 6             EMISSION NORMS FOR PASSENGER CARS, BY COUNTRY              84

FIGURE 24         EUROPE: CHANGE IN EMISSION LIMITS 84

FIGURE 25         INDIA: CHANGE IN EMISSION LIMITS    85

FIGURE 26         CHINA: CHANGE IN EMISSION LIMIT     85

5.3         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       86

FIGURE 27         REVENUE SHIFT IMPACTING CONSUMER BUSINESS      86

5.4         TECHNOLOGY ANALYSIS           87

5.4.1      KEY TECHNOLOGIES    87

5.4.1.1   Use of ammonia slip catalyst (ASC) and selective catalytic reduction (SCR)              87

5.4.1.2   Use of ultra-high filtration diesel particulate filters      87

5.4.2      COMPLEMENTARY TECHNOLOGIES     88

5.4.2.1   Use of vanadium-based catalysts      88

5.4.2.2   Electric catalyst heating     88

5.4.3      ADJACENT TECHNOLOGIES      88

5.4.3.1   Development of sensor-based exhaust systems             88

5.5         SUPPLY CHAIN ANALYSIS          89

FIGURE 28         EXHAUST SYSTEM MARKET: SUPPLY CHAIN ANALYSIS 89

5.6         ECOSYSTEM ANALYSIS 90

FIGURE 29         EXHAUST SYSTEM MARKET: ECOSYSTEM ANALYSIS      90

5.6.1      EXHAUST COMPONENT MANUFACTURERS       90

5.6.2      EXHAUST SYSTEM AND AFTER-TREATMENT MANUFACTURERS              90

5.6.3      OEMS   90

TABLE 7             EXHAUST SYSTEM MARKET: ECOSYSTEM          91

5.7         CASE STUDY ANALYSIS 92

5.7.1      ANALYSIS OF EMISSIONS FROM GERMAN GASOLINE VEHICLES 92

5.7.2      LEVERAGING CONNECTIVITY AND AUTONOMY FOR IMPROVED DIESEL PARTICULATE FILTER (DPF) MANAGEMENT     93

5.7.3      EXPERIMENTAL STUDY ON RECIPROCATING FLOW REGENERATION OF DIESEL PARTICULATE FILTER (DPF) SYSTEMS          93

5.7.4      ASSESSMENT OF GASOLINE DIRECT INJECTION VEHICLE EMISSIONS WITH AND WITHOUT CATALYZED GASOLINE PARTICULATE FILTERS  94

5.7.5      OPTIMIZATION OF THERMOELECTRIC GENERATOR PLACEMENT IN EXHAUST SYSTEMS FOR WASTE HEAT RECOVERY         95

5.8         PATENT ANALYSIS        96

5.8.1      INTRODUCTION            96

FIGURE 30         PATENT PUBLICATION TRENDS, 2014–2024       96

5.8.2      LEGAL STATUS OF PATENTS    96

FIGURE 31         LEGAL STATUS OF PATENTS FILED FOR EXHAUST SYSTEMS, 2014–2023          96

5.8.3      TOP PATENT APPLICANTS        97

FIGURE 32         EXHAUST SYSTEM PATENTS, BY OEM (2020–2024)          97

TABLE 8             EXHAUST SYSTEM MARKET: KEY PATENTS, 2020–2024   97

5.9         REGULATORY LANDSCAPE       106

TABLE 9             EURO-5 VS. EURO-6 VEHICLE EMISSION STANDARDS ON NEW EUROPEAN DRIVING CYCLE     106

TABLE 10           ON-ROAD VEHICLE EMISSION REGULATION OUTLOOK FOR PASSENGER CARS,  2016–2024  106

5.9.1      ON-ROAD VEHICLES     107

FIGURE 33         ON-ROAD VEHICLE EMISSION REGULATION OUTLOOK, 2014–2025      107

5.9.2      OFF-ROAD VEHICLES   107

FIGURE 34         OFF-ROAD VEHICLE EMISSION REGULATION OUTLOOK, 2019–2025      107

5.9.3      REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS          108

5.9.3.1   North America     108

TABLE 11           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         108

5.9.3.2   Europe  109

TABLE 12           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         109

5.9.3.3   Asia Pacific          110

TABLE 13           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         110

5.9.3.4   Rest of the World 111

TABLE 14           REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         111

5.10       FUEL ECONOMY NORMS            111

5.10.1    US         111

TABLE 15           US: CAFE STANDARDS FOR EACH MODEL YEAR IN MILES PER GALLON, 2019–2025       111

5.10.2    EUROPE             112

5.10.3    CHINA  112

TABLE 16           CHINA: CHINA 6A AND 6B STANDARDS, 2021 ONWARDS              112

5.10.4    INDIA   113

5.11       KEY STAKEHOLDERS AND BUYING CRITERIA    113

5.11.1    KEY STAKEHOLDERS IN BUYING PROCESS         113

TABLE 17           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR AFTER-TREATMENT DEVICES  113

5.11.2    BUYING CRITERIA         114

FIGURE 35         KEY BUYING CRITERIA FOR AFTER-TREATMENT DEVICES              114

TABLE 18           KEY BUYING CRITERIA FOR AFTER-TREATMENT DEVICES              114

5.12       KEY CONFERENCES AND EVENTS          115

TABLE 19           EXHAUST SYSTEM MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025        115

5.13       TRADE ANALYSIS          116

5.13.1    IMPORT DATA 116

TABLE 20           US: IMPORT SHARE, BY COUNTRY (VALUE USD)            116

TABLE 21           CHINA: IMPORT SHARE, BY COUNTRY (VALUE USD)     116

TABLE 22           JAPAN: IMPORT SHARE, BY COUNTRY (VALUE USD)      116

TABLE 23           INDIA: IMPORT SHARE, BY COUNTRY (VALUE USD)      117

5.13.2    EXPORT DATA 117

TABLE 24           US: EXPORT SHARE, BY COUNTRY (VALUE USD)            117

TABLE 25           CHINA: EXPORT SHARE, BY COUNTRY (VALUE USD)     117

TABLE 26           JAPAN: EXPORT SHARE, BY COUNTRY (VALUE USD)      118

TABLE 27           INDIA: EXPORT SHARE, BY COUNTRY (VALUE USD)      118

5.14       INVESTMENT AND FUNDING SCENARIO            119

FIGURE 36         INVESTMENT SCENARIO            119

TABLE 28           LIST OF FUNDING, 2023−2024  119

5.15       SUPPLIER ANALYSIS     120

5.16       PRICING ANALYSIS        121

5.16.1    BY AFTER-TREATMENT DEVICE             121

TABLE 29           AVERAGE SELLING PRICE (ASP), BY AFTER-TREATMENT DEVICE 121

5.16.2    BY REGION        122

TABLE 30           AVERAGE SELLING PRICE (ASP), BY REGION      122

5.17       IMPACT OF ELECTRIC VEHICLES ON EXHAUST SYSTEM MARKET              122

6            EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE              123

6.1         INTRODUCTION            124

6.1.1      INDUSTRY INSIGHTS    124

FIGURE 37         EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024 VS. 2030 (USD MILLION) 125

TABLE 31           EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           125

TABLE 32           EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS)           125

TABLE 33           EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)      126

TABLE 34           EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)      126

6.2         DIESEL OXIDATION CATALYST (DOC)  126

6.2.1      STRINGENT EMISSION REGULATIONS FOR DIESEL VEHICLES TO DRIVE MARKET 126

TABLE 35           DIESEL OXIDATION CATALYST (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 127

TABLE 36           DIESEL OXIDATION CATALYST (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 127

TABLE 37           DIESEL OXIDATION CATALYST (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)          127

TABLE 38           DIESEL OXIDATION CATALYST (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)          128

6.3         DIESEL PARTICULATE FILTER (DPF)     128

6.3.1      RISING EMISSION REGULATIONS FOR DIESEL VEHICLES  TO DRIVE MARKET            128

TABLE 39           DIESEL PARTICULATE FILTER (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)          128

TABLE 40           DIESEL PARTICULATE FILTER (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)          129

TABLE 41           DIESEL PARTICULATE FILTER (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)     129

TABLE 42           DIESEL PARTICULATE FILTER (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)     129

6.4         LEAN NOX TRAP (LNT) 130

6.4.1      STRINGENT REGULATION TO CONTAIN NOX EMISSIONS TO DRIVE MARKET            130

TABLE 43           LEAN NOX TRAP (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     130

TABLE 44           LEAN NOX TRAP (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)     130

TABLE 45           LEAN NOX TRAP (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)          131

TABLE 46           LEAN NOX TRAP (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)          131

6.5         SELECTIVE CATALYTIC REDUCTION (SCR)        131

6.5.1      ONGOING AND UPCOMING STRINGENT EMISSION NORMS IN EMERGING ECONOMIES TO DRIVE MARKET     131

TABLE 47           SELECTIVE CATALYTIC REDUCTION (OE) MARKET, BY REGION,  2019–2023 (THOUSAND UNITS)          132

TABLE 48           SELECTIVE CATALYTIC REDUCTION (OE) MARKET, BY REGION,  2024–2030 (THOUSAND UNITS)          132

TABLE 49           SELECTIVE CATALYTIC REDUCTION (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)       132

TABLE 50           SELECTIVE CATALYTIC REDUCTION (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)       133

6.6         GASOLINE PARTICULATE FILTER (GPF)             133

6.6.1      RISING PRODUCTION OF GASOLINE VEHICLES TO DRIVE MARKET              133

TABLE 51           GASOLINE PARTICULATE FILTER (OE) MARKET, BY REGION,  2019–2023 (THOUSAND UNITS) 134

TABLE 52           GASOLINE PARTICULATE FILTER (OE) MARKET, BY REGION,  2024–2030 (THOUSAND UNITS) 134

TABLE 53           GASOLINE PARTICULATE FILTER (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)          134

TABLE 54           GASOLINE PARTICULATE FILTER (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)          135

7            EXHAUST SYSTEM (OE) MARKET, BY COMPONENT       136

7.1         INTRODUCTION            137

7.1.1      INDUSTRY INSIGHTS    137

FIGURE 38         EXHAUST SYSTEM (OE) MARKET, BY COMPONENT,  2024 VS. 2030 (USD MILLION)     138

TABLE 55           EXHAUST SYSTEM (OE) MARKET, BY COMPONENT, 2019–2023 (THOUSAND UNITS)     138

TABLE 56           EXHAUST SYSTEM (OE) MARKET, BY COMPONENT, 2024–2030 (THOUSAND UNITS)     138

TABLE 57           EXHAUST SYSTEM (OE) MARKET, BY COMPONENT, 2019–2023 (USD MILLION) 139

TABLE 58           EXHAUST SYSTEM (OE) MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 139

7.2         SENSORS           140

TABLE 59           SENSORS (OE) MARKET, BY TYPE, 2019–2023 (THOUSAND UNITS) 140

TABLE 60           SENSORS (OE) MARKET, BY TYPE, 2024–2030 (THOUSAND UNITS) 140

TABLE 61           SENSORS (OE) MARKET, BY TYPE, 2019–2023 (USD MILLION)              140

TABLE 62           SENSORS (OE) MARKET, BY TYPE, 2024–2030 (USD MILLION)              141

7.2.1      NOX SENSORS  141

7.2.1.1   Rising installation of SCR after-treatment devices to drive market           141

TABLE 63           NOX SENSORS (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     141

TABLE 64           NOX SENSORS (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)     142

TABLE 65           NOX SENSORS (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)          142

TABLE 66           NOX SENSORS (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)          142

7.2.2      OXYGEN SENSORS         143

7.2.2.1   Increasing adoption of oxygen sensors to curb emissions to drive market 143

TABLE 67           OXYGEN SENSORS (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     143

TABLE 68           OXYGEN SENSORS (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)     143

TABLE 69           OXYGEN SENSORS (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)          144

TABLE 70           OXYGEN SENSORS (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)          144

7.2.3      TEMPERATURE SENSORS           144

7.2.3.1   Adoption of temperature sensors for effective temperature management to drive market   144

TABLE 71           TEMPERATURE SENSORS (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     145

TABLE 72           TEMPERATURE SENSORS (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)     145

TABLE 73           TEMPERATURE SENSORS (OE) MARKET, BY REGION, 2019–2023 (USD MILLION) 145

TABLE 74           TEMPERATURE SENSORS (OE) MARKET, BY REGION, 2024–2030 (USD MILLION) 146

7.2.4      PM SENSORS     146

7.2.4.1   increasing implementation of after-treatment devices to drive market      146

TABLE 75           PM SENSORS (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     146

TABLE 76           PM SENSORS (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)     147

TABLE 77           PM SENSORS (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)          147

TABLE 78           PM SENSORS (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)          147

7.3         CATALYTIC CONVERTERS         148

7.3.1      STRINGENT EMISSION NORMS TO DRIVE MARKET        148

TABLE 79           CATALYTIC CONVERTERS (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)          148

TABLE 80           CATALYTIC CONVERTERS (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)          148

TABLE 81           CATALYTIC CONVERTERS (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)     148

TABLE 82           CATALYTIC CONVERTERS (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)     149

7.4         DOWNPIPES     149

7.4.1      RISING DEMAND FOR AFTER-TREATMENT DEVICES TO DRIVE MARKET            149

TABLE 83           DOWNPIPES (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     149

TABLE 84           DOWNPIPES (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)     149

TABLE 85           DOWNPIPES (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)          150

TABLE 86           DOWNPIPES (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)          150

7.5         MANIFOLDS     150

7.5.1      RISING ADOPTION OF AFTER-TREATMENT DEVICES AND INCREASING SALES OF VEHICLES TO DRIVE MARKET   150

TABLE 87           MANIFOLDS (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     151

TABLE 88           MANIFOLDS (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)     151

TABLE 89           MANIFOLDS (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)          151

TABLE 90           MANIFOLDS (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)          152

7.6         MUFFLERS        152

7.6.1      GROWING ACCEPTANCE OF AFTER-TREATMENT DEVICES TO DRIVE MARKET            152

TABLE 91           MUFFLERS (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 152

TABLE 92           MUFFLERS (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 153

TABLE 93           MUFFLERS (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)          153

TABLE 94           MUFFLERS (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)          153

7.7         TAILPIPES         154

7.7.1      GROWING FOCUS ON IMPROVED ENGINE ACOUSTICS AND PERFORMANCE TO DRIVE MARKET      154

TABLE 95           TAILPIPES (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 154

TABLE 96           TAILPIPES (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 154

TABLE 97           TAILPIPES (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)          154

TABLE 98           TAILPIPES (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)          155

7.8         HANGERS          155

7.8.1      IMPLEMENTATION OF ADVANCED EXHAUST SYSTEMS TO DRIVE DEMAND           155

TABLE 99           HANGERS (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 155

TABLE 100         HANGERS (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 156

TABLE 101         HANGERS (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)          156

TABLE 102         HANGERS (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)          156

8            EXHAUST SYSTEM (OE) MARKET, BY VEHICLE TYPE     157

8.1         INTRODUCTION            158

8.1.1      INDUSTRY INSIGHTS    158

FIGURE 39         EXHAUST SYSTEM (OE) MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 158

TABLE 103         EXHAUST SYSTEM (OE) MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS)     159

TABLE 104         EXHAUST SYSTEM (OE) MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS)     159

TABLE 105         EXHAUST SYSTEM (OE) MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 159

TABLE 106         EXHAUST SYSTEM (OE) MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 159

8.2         PASSENGER CARS          160

8.2.1      RISING PRODUCTION AND SALES OF PASSENGER CARS TO DRIVE MARKET            160

TABLE 107         PASSENGER CARS: EXHAUST SYSTEM (OE) MARKET, BY REGION,  2019–2023 (THOUSAND UNITS)          160

TABLE 108         PASSENGER CARS: EXHAUST SYSTEM (OE) MARKET, BY REGION,  2024–2030 (THOUSAND UNITS)          160

TABLE 109         PASSENGER CARS: EXHAUST SYSTEM (OE) MARKET, BY REGION,  2019–2023 (USD MILLION)     161

TABLE 110         PASSENGER CARS: EXHAUST SYSTEM (OE) MARKET, BY REGION,  2024–2030 (USD MILLION)     161

8.3         LIGHT COMMERCIAL VEHICLES             161

8.3.1      RISING PRODUCTION AND SALES OF LIGHT COMMERCIAL VEHICLES TO DRIVE MARKET       161

TABLE 111         LIGHT COMMERCIAL VEHICLES: EXHAUST SYSTEM (OE) MARKET, BY REGION,  2019–2023 (THOUSAND UNITS) 162

TABLE 112         LIGHT COMMERCIAL VEHICLES: EXHAUST SYSTEM (OE) MARKET, BY REGION,  2024–2030 (THOUSAND UNITS) 162

TABLE 113         LIGHT COMMERCIAL VEHICLES: EXHAUST SYSTEM (OE) MARKET, BY REGION,  2019–2023 (USD MILLION)          162

TABLE 114         LIGHT COMMERCIAL VEHICLES: EXHAUST SYSTEM (OE) MARKET, BY REGION,  2024–2030 (USD MILLION)          163

8.4         TRUCKS             163

8.4.1      RISING ADOPTION OF TRUCKS FOR COMMERCIAL TRANSPORTATION TO DRIVE MARKET       163

TABLE 115         TRUCKS: EXHAUST SYSTEM (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)          163

TABLE 116         TRUCKS: EXHAUST SYSTEM (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)          164

TABLE 117         TRUCKS: EXHAUST SYSTEM (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)     164

TABLE 118         TRUCKS: EXHAUST SYSTEM (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)     164

8.5         BUSES  165

8.5.1      INCREASING DEMAND FOR PUBLIC TRANSPORT TO DRIVE MARKET              165

TABLE 119         BUSES: EXHAUST SYSTEM (OE) MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)          165

TABLE 120         BUSES: EXHAUST SYSTEM (OE) MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)          165

TABLE 121         BUSES: EXHAUST SYSTEM (OE) MARKET, BY REGION, 2019–2023 (USD MILLION)     165

TABLE 122         BUSES: EXHAUST SYSTEM (OE) MARKET, BY REGION, 2024–2030 (USD MILLION)     166

9            EXHAUST SYSTEM (OE) MARKET, BY FUEL TYPE            167

9.1         INTRODUCTION            168

9.1.1      INDUSTRY INSIGHTS    168

FIGURE 40         EXHAUST SYSTEM MARKET, BY FUEL TYPE, 2024 VS. 2030 (USD MILLION)          168

TABLE 123         EXHAUST SYSTEM MARKET, BY FUEL TYPE, 2019–2023 (THOUSAND UNITS)     169

TABLE 124         EXHAUST SYSTEM MARKET, BY FUEL, 2024–2030 (THOUSAND UNITS) 169

TABLE 125         EXHAUST SYSTEM MARKET, BY FUEL TYPE, 2019–2023 (USD MILLION)          169

TABLE 126         EXHAUST SYSTEM MARKET, BY FUEL TYPE, 2024–2030 (USD MILLION)          169

9.2         GASOLINE         170

9.2.1      RISE IN GASOLINE-POWERED PASSENGER CARS TO DRIVE MARKET              170

TABLE 127         GASOLINE: EXHAUST SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     170

TABLE 128         GASOLINE: EXHAUST SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)     170

TABLE 129         GASOLINE: EXHAUST SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 171

TABLE 130         GASOLINE: EXHAUST SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 171

9.3         DIESEL 171

9.3.1      INCREASING EFFICIENCY OF DIESEL EXHAUST SYSTEMS TO DRIVE MARKET            171

TABLE 131         DIESEL: EXHAUST SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     172

TABLE 132         DIESEL: EXHAUST SYSTEM MARKET, BY REGION, 2024–2030 (UNITS)             172

TABLE 133         DIESEL: EXHAUST SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 172

TABLE 134         DIESEL: EXHAUST SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 173

10          EXHAUST SYSTEM AFTERMARKET, BY AFTER-TREATMENT DEVICE              174

10.1       INTRODUCTION            175

10.1.1    INDUSTRY INSIGHTS    175

FIGURE 41         EXHAUST SYSTEM AFTERMARKET, BY AFTER-TREATMENT DEVICE, 2024 VS. 2030 (USD MILLION)   175

TABLE 135         EXHAUST SYSTEM AFTERMARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           176

TABLE 136         EXHAUST SYSTEM (OE) AFTERMARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS) 176

TABLE 137         EXHAUST SYSTEM (OE) AFTERMARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)          176

TABLE 138         EXHAUST SYSTEM (OE) AFTERMARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)          177

10.2       DIESEL OXIDATION CATALYST (DOC)  177

10.2.1    INCREASING DEMAND FOR DIESEL VEHICLES TO DRIVE MARKET              177

TABLE 139         DIESEL OXIDATION CATALYST AFTERMARKET, BY REGION,  2019–2023 (THOUSAND UNITS) 177

TABLE 140         DIESEL OXIDATION CATALYST AFTERMARKET, BY REGION,  2024–2030 (THOUSAND UNITS) 178

TABLE 141         DIESEL OXIDATION CATALYST AFTERMARKET, BY REGION, 2019–2023 (USD MILLION)          178

TABLE 142         DIESEL OXIDATION CATALYST AFTERMARKET, BY REGION, 2024–2030 (USD MILLION)          178

10.3       DIESEL PARTICULATE FILTER (DPF)     179

10.3.1    RISING DEMAND FOR DIESEL HEAVY-DUTY VEHICLES TO DRIVE MARKET            179

TABLE 143         DIESEL PARTICULATE FILTER AFTERMARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 179

TABLE 144         DIESEL PARTICULATE FILTER AFTERMARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 179

TABLE 145         DIESEL PARTICULATE FILTER AFTERMARKET, BY REGION, 2019–2023 (USD MILLION)          180

TABLE 146         DIESEL PARTICULATE FILTER AFTERMARKET, BY REGION, 2024–2030 (USD MILLION)          180

10.4       SELECTIVE CATALYTIC REDUCTION (SCR)        180

10.4.1    STRINGENT EMISSION REGULATIONS TO DRIVE MARKET         180

TABLE 147         SELECTIVE CATALYTIC REDUCTION AFTERMARKET, BY REGION,  2019–2023 (THOUSAND UNITS)          181

TABLE 148         SELECTIVE CATALYTIC REDUCTION AFTERMARKET, BY REGION,  2024–2030 (THOUSAND UNITS)          181

TABLE 149         SELECTIVE CATALYTIC REDUCTION AFTERMARKET, BY REGION,  2019–2023 (USD MILLION)     181

TABLE 150         SELECTIVE CATALYTIC REDUCTION AFTERMARKET, BY REGION,  2024–2030 (USD MILLION)     182

11          EXHAUST SYSTEM MARKET, BY SALES CHANNEL           183

11.1       INTRODUCTION            184

11.1.1    INDUSTRY INSIGHTS    184

FIGURE 42         EXHAUST SYSTEM MARKET, BY SALES CHANNEL, 2024 VS. 2030 (USD MILLION) 184

TABLE 151         EXHAUST SYSTEM MARKET, BY SALES CHANNEL, 2019–2023 (THOUSAND UNITS)     184

TABLE 152         EXHAUST SYSTEM MARKET, BY SALES CHANNEL, 2024–2030 (THOUSAND UNITS)     185

TABLE 153         EXHAUST SYSTEM MARKET, BY SALES CHANNEL, 2019–2023 (USD MILLION) 185

TABLE 154         EXHAUST SYSTEM MARKET, BY SALES CHANNEL, 2024–2030 (USD MILLION) 185

11.2       AFTERMARKET 185

11.2.1    INCREASING VEHICLE OWNERSHIP AND TECHNOLOGICAL IMPROVEMENTS TO DRIVE DEMAND FOR AFTERMARKET COMPONENTS              185

TABLE 155         EXHAUST SYSTEM AFTERMARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     186

TABLE 156         EXHAUST SYSTEM AFTERMARKET, BY REGION, 2024–2030 (THOUSAND UNITS)     186

TABLE 157         EXHAUST SYSTEM AFTERMARKET, BY REGION, 2019–2023 (USD MILLION)          186

TABLE 158         EXHAUST SYSTEM AFTERMARKET, BY REGION, 2024–2030 (USD MILLION)          187

11.3       OEM     187

11.3.1    RISE IS GLOBAL VEHICLE PRODUCTION TO DRIVE MARKET     187

TABLE 159         EXHAUST SYSTEM OEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     187

TABLE 160         EXHAUST SYSTEM OEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)     188

TABLE 161         EXHAUST SYSTEM OEM MARKET, BY REGION, 2019–2023 (USD MILLION)          188

TABLE 162         EXHAUST SYSTEM OEM MARKET, BY REGION, 2024–2030 (USD MILLION)          188

12          OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET,  BY EQUIPMENT TYPE         189

12.1       INTRODUCTION            190

12.1.1    INDUSTRY INSIGHTS    190

FIGURE 43         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET, BY EQUIPMENT TYPE, 2024 VS. 2030 (USD MILLION)            190

TABLE 163         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET, BY EQUIPMENT TYPE,  2019–2023 (THOUSAND UNITS)      191

TABLE 164         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET, BY EQUIPMENT TYPE,  2024–2030 (THOUSAND UNITS)      191

TABLE 165         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET, BY EQUIPMENT TYPE,  2019–2023 (USD MILLION) 191

TABLE 166         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET, BY EQUIPMENT TYPE,  2024–2030 (USD MILLION) 192

12.2       AGRICULTURAL TRACTORS      192

12.2.1    INCREASING ADOPTION OF AFTER-TREATMENT DEVICES IN AGRICULTURE INDUSTRY TO DRIVE MARKET  192

TABLE 167         EXHAUST SYSTEM MARKET FOR AGRICULTURAL TRACTORS, BY REGION,  2019–2023 (THOUSAND UNITS)    192

TABLE 168         EXHAUST SYSTEM MARKET FOR AGRICULTURAL TRACTORS, BY REGION,  2024–2030 (THOUSAND UNITS)    193

TABLE 169         EXHAUST SYSTEM MARKET FOR AGRICULTURAL TRACTORS, BY REGION,  2019–2023 (USD MILLION)             193

TABLE 170         EXHAUST SYSTEM MARKET FOR AGRICULTURAL TRACTORS, BY REGION,  2024–2030 (USD MILLION)             193

12.3       CONSTRUCTION EQUIPMENT  194

12.3.1    INCREASING USE OF AFTER-TREATMENT DEVICES IN CONSTRUCTION EQUIPMENT TO DRIVE MARKET         194

TABLE 171         EXHAUST SYSTEM MARKET FOR CONSTRUCTION EQUIPMENT, BY REGION,  2019–2023 (THOUSAND UNITS)        194

TABLE 172         EXHAUST SYSTEM MARKET FOR CONSTRUCTION EQUIPMENT, BY REGION,  2024–2030 (THOUSAND UNITS)        194

TABLE 173         EXHAUST SYSTEM MARKET FOR CONSTRUCTION EQUIPMENT, BY REGION,  2019–2023 (USD MILLION)   195

TABLE 174         EXHAUST SYSTEM MARKET FOR CONSTRUCTION EQUIPMENT, BY REGION,  2024–2030 (USD MILLION)   195

12.4       MINING EQUIPMENT    195

12.4.1    RISING DEMAND FOR MINERALS AND METALS ACROSS VARIOUS INDUSTRIES TO DRIVE MARKET            195

TABLE 175         EXHAUST SYSTEM MARKET FOR MINING EQUIPMENT, BY REGION,  2019–2023 (THOUSAND UNITS)          196

TABLE 176         EXHAUST SYSTEM MARKET FOR MINING EQUIPMENT, BY REGION,  2024–2030 (THOUSAND UNITS)          196

TABLE 177         EXHAUST SYSTEM MARKET FOR MINING EQUIPMENT, BY REGION,  2019–2023 (USD MILLION)     196

TABLE 178         EXHAUST SYSTEM MARKET FOR MINING EQUIPMENT, BY REGION,  2024–2030 (USD MILLION)     197

13          OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET,  BY AFTER-TREATMENT DEVICE    198

13.1       INTRODUCTION            199

13.1.1    INDUSTRY INSIGHTS    199

FIGURE 44         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE, 2024–2030 (USD MILLION)             199

TABLE 179         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE, 2019–2023 (THOUSAND UNITS)    200

TABLE 180         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE, 2024–2030 (THOUSAND UNITS)    200

TABLE 181         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE, 2019–2023 (USD MILLION)             200

TABLE 182         OFF-HIGHWAY VEHICLES EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE, 2024–2030 (USD MILLION)             201

13.2       DIESEL PARTICULATE FILTER (DPF)     201

13.2.1    STRINGENT EMISSION NORMS FOR DIESEL VEHICLES TO DRIVE MARKET            201

TABLE 183         DPF MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION,  2019–2023 (THOUSAND UNITS) 201

TABLE 184         DPF MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION,  2024–2030 (THOUSAND UNITS) 202

TABLE 185         DPF MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION, 2019–2023 (USD MILLION)          202

TABLE 186         DPF MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION, 2024–2030 (USD MILLION)          202

13.3       DIESEL OXIDATION CATALYST (DOC)  203

13.3.1    STRINGENT NORMS TO CURB EMISSIONS TO DRIVE MARKET  203

TABLE 187         DOC MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION,  2019–2023 (THOUSAND UNITS) 203

TABLE 188         DOC MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION, 2024–2030 (THOUSAND UNITS) 203

TABLE 189         DOC MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION, 2019–2023 (USD MILLION)          204

TABLE 190         DOC MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION, 2024–2030 (USD MILLION)          204

13.4       SELECTIVE CATALYTIC REDUCTION (SCR)        204

13.4.1    ONGOING AND UPCOMING STRINGENT EMISSION NORMS IN EMERGING ECONOMIES TO DRIVE MARKET     204

TABLE 191         SCR MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION,  2019–2023 (THOUSAND UNITS) 205

TABLE 192         SCR MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION,  2024–2030 (THOUSAND UNITS) 205

TABLE 193         SCR MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION, 2019–2023 (USD MILLION)          205

TABLE 194         SCR MARKET FOR OFF-HIGHWAY VEHICLES (OE), BY REGION, 2024–2030 (USD MILLION)          206

14          EXHAUST SYSTEM (OE) MARKET, BY REGION   207

14.1       INTRODUCTION            208

FIGURE 45         INDUSTRY INSIGHTS    208

FIGURE 46         EXHAUST SYSTEM MARKET, BY REGION, 2024 VS. 2030 (USD MILLION)          208

TABLE 195         EXHAUST SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS)     209

TABLE 196         EXHAUST SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)     209

TABLE 197         EXHAUST SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION)          209

TABLE 198         EXHAUST SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION)          210

14.2       ASIA PACIFIC    210

14.2.1    ASIA PACIFIC: RECESSION IMPACT        211

FIGURE 47         ASIA PACIFIC: EXHAUST SYSTEM MARKET SNAPSHOT  211

TABLE 199         ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)          212

TABLE 200         ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)          212

TABLE 201         ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     212

TABLE 202         ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY COUNTRY, 2024–2030 (USD MILLION)     213

14.2.2    CHINA  213

14.2.2.1 Rising vehicle production and emission norms to drive market   213

TABLE 203         CHINA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           213

TABLE 204         CHINA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS)           214

TABLE 205         CHINA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)      214

TABLE 206         CHINA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)      214

14.2.3    INDIA   215

14.2.3.1 Growing focus on efficiency and sustainability to drive market   215

TABLE 207         INDIA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           215

TABLE 208         INDIA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS)           215

TABLE 209         INDIA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)      216

TABLE 210         INDIA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)      216

14.2.4    JAPAN  216

14.2.4.1 Stricter emission regulations to drive market  216

TABLE 211         JAPAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           217

TABLE 212         JAPAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS)           217

TABLE 213         JAPAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)      217

TABLE 214         JAPAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)      218

14.2.5    SOUTH KOREA 218

14.2.5.1 Sustainability and innovation to drive market 218

TABLE 215         SOUTH KOREA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS) 218

TABLE 216         SOUTH KOREA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS) 219

TABLE 217         SOUTH KOREA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)          219

TABLE 218         SOUTH KOREA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)          219

14.2.6    THAILAND        220

14.2.6.1 Rising number of vehicles to drive market      220

TABLE 219         THAILAND: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS) 220

TABLE 220         THAILAND: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS) 220

TABLE 221         THAILAND: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)          221

TABLE 222         THAILAND: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)          221

14.2.7    REST OF ASIA PACIFIC  221

TABLE 223         REST OF ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS) 222

TABLE 224         REST OF ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS) 222

TABLE 225         REST OF ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)          222

TABLE 226         REST OF ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)          223

14.3       EUROPE             223

14.3.1    EUROPE: RECESSION IMPACT   224

FIGURE 48         EUROPE: EXHAUST SYSTEM MARKET SNAPSHOT           225

TABLE 227         EUROPE: EXHAUST SYSTEM MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS)     226

TABLE 228         EUROPE: EXHAUST SYSTEM (OE) MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS)          226

TABLE 229         EUROPE: EXHAUST SYSTEM (OE) MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     226

TABLE 230         EUROPE: EXHAUST SYSTEM (OE) MARKET, BY COUNTRY, 2024–2030 (USD MILLION)     227

14.3.2    GERMANY         227

14.3.2.1 Increased demand for premium cars to drive market    227

TABLE 231         GERMANY: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS) 228

TABLE 232         GERMANY: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS) 228

TABLE 233         GERMANY: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)          228

TABLE 234         GERMANY: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)          229

14.3.3    FRANCE             229

14.3.3.1 Stringent environmental laws and shift toward carbon neutrality to reduce demand              229

TABLE 235         FRANCE: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS) 229

TABLE 236         FRANCE: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS) 230

TABLE 237         FRANCE: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)          230

TABLE 238         FRANCE: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)          230

14.3.4    UK         231

14.3.4.1 Rising sales of premium cars to drive market  231

TABLE 239         UK: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           231

TABLE 240         UK: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS)           231

TABLE 241         UK: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)      232

TABLE 242         UK: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)      232

14.3.5    SPAIN   232

14.3.5.1 Growing production of passenger cars to drive market 232

TABLE 243         SPAIN: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS) 233

TABLE 244         SPAIN: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS) 233

TABLE 245         SPAIN: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)          233

TABLE 246         SPAIN: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)          234

14.3.6    TURKEY             234

14.3.6.1 Growing demand for fuel-efficient vehicles to drive market        234

TABLE 247         TURKEY: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS) 234

TABLE 248         TURKEY: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS) 235

TABLE 249         TURKEY: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)          235

TABLE 250         TURKEY: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)          235

14.3.7    RUSSIA 236

14.3.7.1 Increasing sales of passenger cars to drive market        236

TABLE 251         RUSSIA: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS) 236

TABLE 252         RUSSIA: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS) 236

TABLE 253         RUSSIA: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)          237

TABLE 254         RUSSIA: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)          237

14.3.8    REST OF EUROPE           237

TABLE 255         REST OF EUROPE: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS) 238

TABLE 256         REST OF EUROPE: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS) 238

TABLE 257         REST OF EUROPE: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)          238

TABLE 258         REST OF EUROPE: EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)          239

14.4       NORTH AMERICA          239

14.4.1    NORTH AMERICA: RECESSION IMPACT 239

FIGURE 49         NORTH AMERICA: EXHAUST SYSTEM MARKET SNAPSHOT              240

TABLE 259         NORTH AMERICA: EXHAUST SYSTEM MARKET, BY COUNTRY,  2019–2023 (THOUSAND UNITS) 240

TABLE 260         NORTH AMERICA: EXHAUST SYSTEM MARKET, BY COUNTRY,  2024–2030 (THOUSAND UNITS) 241

TABLE 261         NORTH AMERICA: EXHAUST SYSTEM MARKET, BY COUNTRY, 2019–2023 (USD MILLION)          241

TABLE 262         NORTH AMERICA: EXHAUST SYSTEM MARKET, BY COUNTRY, 2024–2030 (USD MILLION)          241

14.4.2    US         242

14.4.2.1 Advancements in after-treatment technologies and stringency in emission regulations to drive market 242

TABLE 263         US: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           242

TABLE 264         US: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS)           242

TABLE 265         US: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)      243

TABLE 266         US: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)      243

14.4.3    MEXICO             243

14.4.3.1 Implementation of emission regulations to drive market            243

TABLE 267         MEXICO: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           244

TABLE 268         MEXICO: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS)           244

TABLE 269         MEXICO: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)      244

TABLE 270         MEXICO: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)      245

14.4.4    CANADA            245

14.4.4.1 Increasing vehicle production and stringent emission regulations to drive market              245

TABLE 271         CANADA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           245

TABLE 272         CANADA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS)           246

TABLE 273         CANADA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)      246

TABLE 274         CANADA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)      246

14.5       REST OF THE WORLD   247

14.5.1    REST OF THE WORLD: RECESSION IMPACT       247

FIGURE 50         REST OF THE WORLD: EXHAUST SYSTEM MARKET, BY COUNTRY,  2024 VS. 2030 (USD MILLION)          247

TABLE 275         REST OF THE WORLD: EXHAUST SYSTEM MARKET, BY COUNTRY,  2019–2023 (THOUSAND UNITS)      248

TABLE 276         REST OF THE WORLD: EXHAUST SYSTEM MARKET, BY COUNTRY,  2024–2030 (THOUSAND UNITS)      248

TABLE 277         REST OF THE WORLD: EXHAUST SYSTEM MARKET, BY COUNTRY,  2019–2023 (USD MILLION) 248

TABLE 278         REST OF THE WORLD: EXHAUST SYSTEM MARKET, BY COUNTRY,  2024–2030 (USD MILLION) 248

14.5.2    BRAZIL 249

14.5.2.1 Rise in vehicle production and emission regulations to drive market         249

TABLE 279         BRAZIL: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           249

TABLE 280         BRAZIL: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS)           249

TABLE 281         BRAZIL: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)      250

TABLE 282         BRAZIL: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE, 2024–2030 (USD MILLION)        250

14.5.3    IRAN     250

14.5.3.1 Growing vehicle production and adoption of Euro 6 standards to drive market              250

TABLE 283         IRAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           251

TABLE 284         IRAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS)           251

TABLE 285         IRAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)      251

TABLE 286         IRAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)      252

14.5.4    OTHERS             252

TABLE 287         OTHERS: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (THOUSAND UNITS)           252

TABLE 288         OTHERS: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (THOUSAND UNITS)           253

TABLE 289         OTHERS: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2019–2023 (USD MILLION)      253

TABLE 290         OTHERS: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,  2024–2030 (USD MILLION)      253

15          COMPETITIVE LANDSCAPE       254

15.1       OVERVIEW        254

15.2       MARKET SHARE ANALYSIS, 2023             254

FIGURE 51         MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023          254

15.3       EXHAUST SYSTEM MARKET: DEGREE OF COMPETITION, 2023  255

15.4       REVENUE ANALYSIS      257

FIGURE 52         REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS, 2019–2022      257

15.5       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024     257

TABLE 291         KEY GROWTH STRATEGIES, 2022–2024  257

15.6       COMPANY EVALUATION MATRIX: EXHAUST SYSTEM AND AFTER-TREATMENT DEVICE MANUFACTURERS, 2024  259

15.6.1    STARS  259

15.6.2    EMERGING LEADERS    259

15.6.3    PERVASIVE PLAYERS     259

15.6.4    PARTICIPANTS 259

15.6.5    COMPANY FOOTPRINT 260

FIGURE 53         EXHAUST SYSTEM MARKET: COMPANY FOOTPRINT     260

15.6.6    APPLICATION FOOTPRINT       260

TABLE 292         EXHAUST SYSTEM MARKET: APPLICATION FOOTPRINT              260

15.6.7    REGION FOOTPRINT    261

TABLE 293         EXHAUST SYSTEM MARKET: REGION FOOTPRINT         261

15.6.7.1 Propulsion footprint          261

TABLE 294         EXHAUST SYSTEM MARKET: PROPULSION FOOTPRINT 261

FIGURE 54         EXHAUST SYSTEM MARKET: COMPANY EVALUATION MATRIX FOR EXHAUST SYSTEM AND AFTER-TREATMENT DEVICE MANUFACTURERS, 2023      262

15.7       COMPANY EVALUATION MATRIX: EXHAUST SYSTEM COMPONENT MANUFACTURERS, 2024             263

15.7.1    STARS  263

15.7.2    EMERGING LEADERS    263

15.7.3    PERVASIVE PLAYERS     263

15.7.4    PARTICIPANTS 263

15.7.5    COMPANY FOOTPRINT 264

FIGURE 55         EXHAUST SYSTEM COMPONENT MANUFACTURERS: COMPANY FOOTPRINT 264

15.7.5.1 After-treatment device footprint      264

TABLE 295         EXHAUST SYSTEM COMPONENT MANUFACTURERS: AFTER-TREATMENT DEVICE FOOTPRINT         264

15.7.5.2 Application footprint         265

TABLE 296         EXHAUST SYSTEM COMPONENT MANUFACTURERS: APPLICATION FOOTPRINT       265

15.7.5.3 Region footprint  265

TABLE 297         EXHAUST SYSTEM COMPONENT MANUFACTURERS: REGION FOOTPRINT      265

FIGURE 56         EXHAUST SYSTEM MARKET: COMPANY EVALUATION MATRIX FOR EXHAUST SYSTEM COMPONENT MANUFACTURERS, 2023  266

15.8       COMPETITIVE SCENARIO AND TRENDS             267

15.8.1    PRODUCT LAUNCHES  267

TABLE 298         EXHAUST SYSTEM MARKET: PRODUCT LAUNCHES, JANUARY 2019–JANUARY 2024       267

15.8.2    DEALS  268

TABLE 299         EXHAUST SYSTEM MARKET: DEALS, JANUARY 2019–JANUARY 2024      268

15.8.3    EXPANSIONS    269

TABLE 300         EXHAUST SYSTEM MARKET: EXPANSIONS, JANUARY 2019–JANUARY 2024  269

15.9       COMPANY VALUATION AND FINANCIAL METRICS        274

FIGURE 57         COMPANY VALUATION 274

FIGURE 58         FINANCIAL METRICS    274

15.10     PRODUCT COMPARISON           275

16          COMPANY PROFILES    276

(Business overview, Products offered, Recent Developments, MNM view)*

16.1       KEY PLAYERS   276

16.1.1    FORVIA FAURECIA         276

TABLE 301         FORVIA FAURECIA: COMPANY OVERVIEW         276

FIGURE 59         FORVIA FAURECIA: COMPANY SNAPSHOT         277

TABLE 302         FORVIA FAURECIA: PRODUCTS OFFERED          277

TABLE 303         FORVIA FAURECIA: DEALS         278

TABLE 304         FORVIA FAURECIA: EXPANSIONS           278

16.1.2    TENNECO INC. 280

TABLE 305         TENNECO INC.: COMPANY OVERVIEW 280

FIGURE 60         TENNECO INC.: COMPANY SNAPSHOT 281

TABLE 306         TENNECO INC.: PRODUCTS OFFERED  281

TABLE 307         TENNECO INC.: PRODUCT LAUNCHES/DEVELOPMENTS              282

TABLE 308         TENNECO INC.: DEALS 282

16.1.3    CONTINENTAL AG        284

TABLE 309         CONTINENTAL AG: COMPANY OVERVIEW         284

FIGURE 61         CONTINENTAL AG: COMPANY SNAPSHOT        285

TABLE 310         CONTINENTAL AG: PRODUCTS OFFERED          285

TABLE 311         CONTINENTAL AG: PRODUCT LAUNCHES/DEVELOPMENTS              286

TABLE 312         CONTINENTAL AG: EXPANSIONS           286

16.1.4    EBERSPÄCHER 289

TABLE 313         EBERSPÄCHER: COMPANY OVERVIEW  289

FIGURE 62         EBERSPÄCHER: COMPANY SNAPSHOT  290

TABLE 314         EBERSPÄCHER: PRODUCTS OFFERED   290

TABLE 315         EBERSPÄCHER: NEW PRODUCT DEVELOPMENTS          291

TABLE 316         EBERSPÄCHER: DEALS 291

TABLE 317         EBERSPÄCHER: EXPANSIONS    292

16.1.5    FUTABA INDUSTRIAL CO., LTD.             295

TABLE 318         FUTABA INDUSTRIAL CO., LTD.: COMPANY OVERVIEW 295

FIGURE 63         FUTABA INDUSTRIAL CO., LTD.: COMPANY SNAPSHOT 296

TABLE 319         FUTABA INDUSTRIAL CO., LTD.: PRODUCTS OFFERED 296

TABLE 320         FUTABA INDUSTRIAL CO., LTD.: EXPANSIONS  297

TABLE 321         FUTABA INDUSTRIAL CO., LTD.: OTHER DEVELOPMENTS              297

16.1.6    SANGO CO., LTD.           299

TABLE 322         SANGO CO., LTD.: COMPANY OVERVIEW           299

FIGURE 64         SANGO CO., LTD.: COMPANY SNAPSHOT           300

TABLE 323         SANGO CO., LTD.: PRODUCTS OFFERED            300

TABLE 324         SANGO CO., LTD.: DEALS           301

16.1.7    FRIEDRICH BOYSEN GMBH & CO. KG     302

TABLE 325         FRIEDRICH BOYSEN GMBH & CO. KG: COMPANY OVERVIEW              302

FIGURE 65         FRIEDRICH BOYSEN GMBH & CO. KG: COMPANY SNAPSHOT              302

TABLE 326         FRIEDRICH BOYSEN GMBH & CO. KG: PRODUCTS OFFERED              303

16.1.8    YUTAKA GIKEN COMPANY LIMITED     304

TABLE 327         YUTAKA GIKEN COMPANY LIMITED: COMPANY OVERVIEW              304

FIGURE 66         YUTAKA GIKEN COMPANY LIMITED: COMPANY SNAPSHOT              304

TABLE 328         YUTAKA GIKEN COMPANY LIMITED: PRODUCTS OFFERED              305

TABLE 329         YUTAKA GIKEN COMPANY LIMITED: DEALS      305

TABLE 330         YUTAKA GIKEN COMPANY LIMITED: OTHER DEVELOPMENTS              306

16.1.9    SEJONG INDUSTRIAL CO., LTD. 307

TABLE 331         SEJONG INDUSTRIAL CO., LTD.: COMPANY OVERVIEW 307

TABLE 332         SEJONG INDUSTRIAL CO., LTD.: PRODUCTS OFFERED  307

TABLE 333         SEJONG INDUSTRIAL CO., LTD.: OTHER DEVELOPMENTS              308

16.1.10  BOSAL  309

TABLE 334         BOSAL: COMPANY OVERVIEW  309

TABLE 335         BOSAL: PRODUCTS OFFERED   309

TABLE 336         BOSAL: EXPANSIONS    310

16.2       OTHER PLAYERS           312

16.2.1    MARELLI HOLDINGS CO., LTD. 312

TABLE 337         MARELLI HOLDINGS CO., LTD.: COMPANY OVERVIEW 312

16.2.2    HIROTEC CORPORATION          313

TABLE 338         HIROTEC CORPORATION: COMPANY OVERVIEW           313

16.2.3    BENTELER INTERNATIONAL AG            314

TABLE 339         BENTELER INTERNATIONAL AG: COMPANY OVERVIEW              314

16.2.4    KATCON GLOBAL         315

TABLE 340         KATCON GLOBAL: COMPANY OVERVIEW          315

16.2.5    VIBRACOUSTIC SE         316

TABLE 341         VIBRACOUSTIC SE: COMPANY OVERVIEW         316

16.2.6    ASMET 316

TABLE 342         ASMET: COMPANY OVERVIEW  316

16.2.7    DINEX A/S         317

TABLE 343         DINEX A/S: COMPANY OVERVIEW          317

16.2.8    MAGNAFLOW   317

TABLE 344         MAGNAFLOW: COMPANY OVERVIEW   317

16.2.9    GRAND ROCK CO., INC. 318

TABLE 345         GRAND ROCK CO., INC.: COMPANY OVERVIEW 318

16.2.10  EMINOX             319

TABLE 346         EMINOX: COMPANY OVERVIEW             319

16.2.11  EUROPEAN EXHAUST AND CATALYST LTD.      320

TABLE 347         EUROPEAN EXHAUST AND CATALYST LTD.: COMPANY OVERVIEW        320

16.2.12  CREFACT CORPORATION          321

TABLE 348         CREFACT CORPORATION: COMPANY OVERVIEW           321

16.2.13  SHARDA MOTOR INDUSTRIES LTD.       322

TABLE 349         SHARDA MOTOR INDUSTRIES LTD.: COMPANY OVERVIEW              322

16.2.14  EISENMANN EXHAUST SYSTEMS            323

TABLE 350         EISENMANN EXHAUST SYSTEMS: COMPANY OVERVIEW              323

16.2.15  DENSO 323

TABLE 351         DENSO: COMPANY OVERVIEW 323

16.2.16  HARBIN AIRUI EMISSIONS CONTROL TECHNOLOGY CO., LTD. 324

TABLE 352         HARBIN AIRUI EMISSIONS CONTROL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW  324

16.2.17  CHONGQING HEIGHT AUTOMOBILE EXHAUST SYSTEM CO., LTD.              325

TABLE 353         CHONGQING HEIGHT AUTOMOBILE EXHAUST SYSTEM CO., LTD.: COMPANY OVERVIEW      325

16.2.18  BOSCH MOBILITY          325

TABLE 354         BOSCH: COMPANY OVERVIEW 325

16.2.19  JOHNSON MATTHEY    326

TABLE 355         JOHNSON MATTHEY: COMPANY OVERVIEW     326

*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

17          RECOMMENDATIONS BY MARKETSANDMARKETS         327

17.1       ASIA PACIFIC TO LEAD EXHAUST SYSTEM MARKET       327

17.2       KEY FOCUS AREAS: GROWING DEMAND FOR GDI ENGINES       327

17.3       CONCLUSION   328

18          APPENDIX         329

18.1       INSIGHTS FROM INDUSTRY EXPERTS   329

18.2       DISCUSSION GUIDE      330

18.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             334

18.4       CUSTOMIZATION OPTIONS      336

18.4.1    EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICES & VEHICLE TYPE 336

18.4.1.1 DOC     336

18.4.1.2 DPF      336

18.4.1.3 SCR       336

18.4.1.4 GPF      336

18.4.2    EXHAUST SYSTEM COMPONENTS OE MARKET, BY VEHICLE TYPE              336

18.4.2.1 Passenger Cars    336

18.4.2.2 LCVs     336

18.4.2.3 Trucks   336

18.4.2.4 Buses     336

18.4.3    HYBRID VEHICLE EXHAUST SYSTEM OE MARKET, BY AFTER-TREATMENT DEVICE    336

18.4.3.1 LNT      336

18.4.3.2 GPF      336

18.4.4    TWO & THREE-WHEELER VEHICLE EXHAUST SYSTEM OE MARKET, BY REGION             337

18.4.4.1 Asia Pacific          337

18.4.4.2 Europe  337

18.4.4.3 North America     337

18.4.4.4 Rest of the World 337

18.4.5    DETAILED ANALYSIS AND PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 3)        337

18.5       RELATED REPORTS       338

18.6       AUTHOR DETAILS         339