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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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
Grand View Research has segmented the cold-end exhaust system aftermarket based on systems, vehicle types, and regions:
Cold-end Exhaust System Aftermarket System Outlook (Revenue in USD Million, 2017 - 2030)
Basic
Performance
Cold-end Exhaust System Aftermarket Vehicle Type Outlook (Revenue in USD Million, 2017 - 2030)
Passenger Cars
Commercial Vehicle
Cold-end Exhaust System Aftermarket Regional Outlook (Revenue in USD Million, 2017 - 2030)
North America
U.S.
Canada
Europe
UK
Germany
France
Asia Pacific
China
Japan
India
Australia
South Korea
Latin America
Brazil
Mexico
Middle East and Africa
Saudi Arabia
South Africa
UAE
List Of Key Players in the Cold-end Exhaust System Aftermarket
MagnaFlow
Flowmaster, Inc.
DRiV Inc.
BOSAL
Marelli Corporation
Eberspächer
FORVIA Faurecia
Tenneco Inc.
Rogue Engineering
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