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Market Summary The global automotive exhaust system market was valued at USD 44.81 billion in 2021 and it is predicted to reach USD 68.45 billion by 2030, rising at a compound annual growth rate (CAGR) of 6.2 % from 2022 to 2030.

The exhaust manifold collects, and cools exhaust gasses emitted by engine cylinders before passing them to the catalytic converter through the downpipe. The demand for automotive exhaust systems is directly proportional to the number of cars produced and sold. As a result, global demand for automotive exhaust systems is being driven by rising sales of passenger cars and commercial vehicles in both established and emerging nations. The Automotive Exhaust System Market is likely to be driven by rigorous government regulations and growing manufacturer expenditure in research and development for effective exhaust systems. The COVID-19 has had a significant influence on the automobile industry’s complete supply chain. Suppliers of raw materials were impacted by the production and logistics stop.

Nanotechnology usage in catalytic converters is expected to drive market expansion. However, rising electric car manufacturing and the high cost of automotive catalysts are impeding the market’s expansion. The leading operator operating in the market has a significant development opportunity due to improvements in automotive catalysts and government initiatives in emerging nations to reduce emissions.

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SEGMENT OUTLOOK: By Technology Type: In 2021, Gasoline Particulate Filter (GPF) segment dominated the market. GPFs (gasoline particulate filters) are physical filtering devices that may remove soot (solid PM) from the exhaust of a gasoline engine. In 2021, the Diesel Particulate Filter (DPF) accounted for the second-largest revenue share. A diesel particulate filter (DPF) is a device that fits in the exhaust system and captures diesel particulate and other harmful particles, preventing them from being discharged into the atmosphere. A diesel particulate filter may remove up to 85% of the particles from exhaust, lowering hazardous pollutants.

By Fuel Type: In 2021, the gasoline category dominated the market. Most internal combustion engines require gasoline to operate. Gasoline is one of the most extensively utilized petroleum products. Gasoline accounts for almost half of all petroleum products used. In 2021, the diesel segment accounted for the second-largest revenue share. When it comes to efficiency and emissions reduction, diesel has more room for improvement than gasoline. Diesel has greater promise since it is a complex, high-energy fuel with lengthy hydrocarbon chains.

By Vehicle Type: In 2021, the passenger category dominated the market. Despite the early triumphs of forms of transportation such as trains, street cars, and subways, mass manufacturing of vehicles reduced prices, and additional roads encouraged many peoples to own autos. In 2021, the commercial domain accounted for the second-largest revenue share. In terms of revenue, the segment is predicted to grow at the significant CAGR over the forecast period. Any vehicle used to transport products or passengers for the benefit of an individual or business is referred to as a commercial motor vehicle (CMV).

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By Regional Outlook: In 2021 Asia Pacific dominated the market. Rising income of the people in the region is pushing the use of vehicles. The market is predicted to increase because of the evolving automotive sector in emerging markets such as China and India. The market for vehicle exhaust systems is expected to develop as automobile manufacturing rises.

In 2021 North America is expected to grow at the significant CAGR during the projection period. Availability research and development and infrastructure facilities in the region has enabled the continent to monopolies the world markets. Higher adoption of new technology drives the demand. The government policies have also paved the way for increased demand.

By Key Competitors and Market Share Analysis: As a result, leading firms are focused on maintaining long-term operations and developing research, development, and distribution capabilities to increase their market position. The competition among the players is based on numerous parameters including innovation, product offerings, price, and corporate reputation.

The following are some of the major market players operating across the globe:

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Segments Covered in the Report This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2030. For the purpose of this report, Data Lab Forecast has segmented the global Automotive Exhaust Systems Market report on the basis of Technology, Fuel Type, Vehicle Type, and region:

The report segment of the global Automotive Exhaust Systems market is as follows: Global Automotive Exhaust Systems Market: By Technology Outlook (Revenue, USD Million, 2021 – 2030)

Global Automotive Exhaust Systems Market: By Fuel Type Outlook (Revenue, USD Million, 2021 – 2030)

Global Automotive Exhaust Systems Market: By Vehicle Type Outlook (Revenue, USD Million, 2021 – 2030)

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