Cold-end Exhaust System Aftermarket Growth & Trends
The cold-end exhaust system aftermarket market size is expected to reach USD 7.01 billion by 2030 registering a CAGR of 3.0%, according to a new report by Grand View Research, Inc. Stringent government regulations & emission norms, complemented by sophisticated technology incorporations in the automobile exhaust component fabrication, are expected to boost the market growth. The increasing acceptance of electric vehicles, as well as semi-autonomous and autonomous cars in the years to come, is further anticipated to bolster the market growth.
Regional regulatory authorities, such as the Japanese Automobile Sport Muffler Association (JASMA) and the U.S. Environmental Protection Agency, spectate and regulate the noise emission intensities concomitant with the present-day automotive resonators and mufflers in the automotive exhaust system.
The market can be categorized based on vehicle types into passenger cars and commercial vehicles. The growth in the disposable income of consumers in the emerging markets is expected to have a positive impact on the growth rate of passenger cars. The improving infrastructure, coupled with the modern lifestyle across the globe, is expected to fuel the sales of passenger cars. The rising trade activities of goods and materials via road transportation is expected to fuel the demand for light and heavy commercial vehicles.
The market is expected to witness pioneering developments with the introduction of chemicals and new metals that provide weight reduction and cost-efficiency in automobiles. The nano-on-nano-technology is expected to ripple in the market owing to benefits rendered by the technique. It helps in slowing down the degradation rate of metals in automotive exhaust components.
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Cold-end Exhaust System Aftermarket Report Highlights
The factors expected to impel the market growth over the forecast period include the increasing awareness regarding the effects of automotive noise pollution, stringent government regulations, and a steady rise in the automobile sale
Issues pertaining to high R&D expenditures are expected to hinder market growth over the forecast period.
The Asia Pacific region dominated the cold-end exhaust system aftermarket, accounting for the largest global market share (in terms of revenue) in 2022
Cold-end Exhaust System Aftermarket Report Scope
Report Attribute Details
Market size value in 2023 — USD 5.49 billion
Revenue forecast in 2030 — USD 7.01 billion
Growth rate — CAGR of 3.0% from 2023 to 2030
Base year for estimation — 2022
Historical data — 2017–2021
Forecast period — 2023–2030
Quantitative units — Revenue in USD million/billion and CAGR from 2023 to 2030
Report coverage — Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered — System, vehicle type, region
Regional scope — North America; Europe; Asia Pacific; Latin America; MEA
Country scope — U.S.; Canada; UK; Germany; France; China; Japan; India; Australia; South Korea; Brazil; Mexico; Saudi Arabia; South Africa; UAE
Key companies profiled — MagnaFlow; Flowmaster, Inc.; DRiV Inc.; BOSAL; Marelli Corporation; Eberspächer; FORVIA Faurecia; Tenneco Inc.; Rogue Engineering
Customization scope — Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
Pricing and purchase options — Avail customized purchase options to meet your exact research needs. Explore purchase options
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