Automotive Exhaust Systems Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029

Global automotive exhaust systems market is anticipated to grow at a CAGR of 5.2% during the forecast period. The main function of a bushing is to reduce the transmission of vibrations and shocks from the road to the rest of the vehicle, which helps to improve the overall ride comfort and reduce noise and harshness inside the vehicle. Bushings are flexible and can be bent and moved in any direction without becoming floppy or losing their ability to return to their original shape and position. Bushings are used in many suspension and steering joints to prevent vibration and friction between mounted components. The control arm, suspension mount, stabilizer bar, stabilizer link, transmission, engine mounts, and many other parts of a car chassis and steering system depend on bushings. When bushings wear or get damaged, metal parts can rub against one another, leading to uneven tire wear, discomfort, noise, and vibrations.  

According to the International Energy Agency, a total of 3 million electric cars were sold in 2020 and the number of electric cars sold doubled in 2021 to reach 6.6 million units. This represents a significant increase in market share in recent years. The growth of electric and hybrid vehicles is becoming more popular, and bushings are critical to extending their range and improving their performance. To cater to the growing demand for electric vehicles market players are coming up with new product launches which are anticipated to drive the automotive bushing market. For instance, in February 2023, Vibracoustic, a leading global automotive noise, vibration, and harshness (NVH) company, introduced optimized chassis bushings for battery electric vehicles (BEV). The new chassis bushing offers durability, noise management, and safer ride quality.

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Market Coverage

•                 The market number available for – 2022-2030

•                 Base year- 2022

•                 Forecast period- 2023-2030

Segment Covered- 

•                 By Component

•                 By Application

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

Competitive Landscape- Advanced Flow Engineering, Inc., AK Steel Corp., BENTELER International AG, BorgWarner Inc., and others. 

Automotive Exhaust Systems Market Report Segment

By Component

•                 Manifold

•                 Catalytic Converters

•                 Flexible Couplings

•                 Muffler

•                 Pipes

•                 Hanger Rods

•                 Others 

o             Gasket and Flanges

By Application

•                 Passenger Vehicles

•                 Commercial Vehicles 

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Automotive Exhaust Systems Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 Advanced Flow Engineering, Inc.

•                 AK Steel Corp.

•                 Akrapovi? d.d.

•                 BENTELER International AG

•                 BorgWarner Inc.

•                 Bosal International

•                 Continental AG

•                 Eberspächer Exhaust Technology GmbH & Co. KG

•                 Faurecia Group

•                 Friedrich Boysen GmbH & Co. KG

•                 Futaba Industrial Co. Ltd.

•                 Hirotec Corp.

•                 Marelli Corp.

•                 N.V. Bekaert S.A.

•                 Red Rooster Performance International Pvt. Ltd.

•                 Royal Enfield

•                 Sejong Industrial Co., Ltd.

•                 Tata AutoComp Systems Ltd.

•                 Tenneco Inc.

•                 Termignoni Spa

•                 Yutaka Giken Co., Ltd.

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