Cold-end Exhaust System Aftermarket Size, Share & Trends Analysis Report By System (Basic & Performance), By Vehicle Type (Passenger Cars & Commercial Vehicles), By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The cold-end exhaust system aftermarket size was valued at USD 4.03 billion in 2015 and is presumed to gain traction over the forecast period. The cold-end exhaust system aftermarket is majorly driven by stringent government regulations and emission norms. Regional regulatory authorities, such as the U.S. Environmental Protection Agency and Japanese Automobile Sport Muffler Association (JASMA), monitor the noise levels associated with the modern-day automotive mufflers and resonators in the automotive exhaust system.

U.S. cold-end exhaust systems aftermarket by vehicle type, 2014 - 2025 (USD Million)

Digitization of automotive repair and maintenance services with the development of online global auto-part supplier groups, such as CarParts.com and U.S. Auto Parts Network, Inc., is expected to draw huge investments from the key participants, thus driving the regional market demand in the years to come. Owing to the above-mentioned advantages, the aftermarket arcade parades a high potential in the Asia Pacific countries.

Various competitors prevailing in the market are challenged to provide innovative offerings, which help consumers address the changing technologies, business practices, and security needs. The leading players are in an advantageous yet vulnerable position and can either lead over the forecast period or lose market share. The key players are adopting mergers and acquisitions with the aim of extending their market share across the globe.

The automobile industry is observing an increase in the demand for hybrid electric cars that would eventually throttle the demand for exhaust parts and specific tools for these specialized cars. This curb can be attributed to the increased prices of petrol and petrol engine-based automobiles.

Transparency delivered via digitalization of the auto maintenance service is destined to resolve some of these issues, thereby driving the cold-end exhaust independent aftermarket industry. The resultant digitalization is expected to impart a high impact on the industry as an increasing number of people are inclined toward digitization and IoT trends.

System Insights

The market segmentation, based on system types includes basic and performance-based cold end exhaust systems. The basic segment would be the largest segment and dominate the cold-end exhaust systems arena in terms of size by 2025. This segment would remain the dominant system installation segment on account of the high proportion of basic cars in comparison to their performance counterparts. The performance car segment would be the fastest growing in terms of CAGR from 2016 to 2025.

Vehicle Type Insights

The market segmentation, based on vehicle types, includes passenger cars and commercial vehicles. The passenger car segment would be the largest segment and is anticipated to dominate the cold-end exhaust vehicle type arena in terms of size by 2025. It is expected to remain the dominant segment on account of the high proportion of on-road cars in comparison to their commercial vehicle counterparts.

Cold-end exhaust systems aftermarket by vehicle type, 2015 (USD Million)

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 increasing awareness of health disorders among consumers related to the improper ventilation in cabins will also act favorably to the cold-end exhaust systems market for the passenger car segment.

Regional Insights

The North American regional market would dominate the aftermarket arcade in terms of revenue in 2015. The growing adoption, on account of administrative regulations and stringent regional automotive authority norms related to the automotive emission, is anticipated to spur the cold-end exhaust systems’ sales in the region.

The rising pollution and consumer safety concerns have led the governments of countries across the globe to lay down strict rules relating to vehicular emissions.

Such rules have enforced component suppliers to produce high-efficiency, environment-friendly cold-end components for the domestic and international markets. Over the past few years, developing nations, comprising China and India, have demonstrated persistent improvement, which is projected to bid thriving prospects to the segment growth in the Asia Pacific region.

Cold-end Exhaust System Aftermarket  Share Insight

The key industry participants of the cold-end exhaust system aftermarket are MagnaFlow, Flowmaster, Inc., Bosal Group, Calsonic Kansei Corporation, Eberspächer Exhaust Aftermarket GmbH & Co. KG, Magneti Marelli S.p.A., and Tenneco Inc. The adoption of the modern ways of distribution by certain vendors, such as e-commerce and online catalogs, has added value to their product offering and distribution network.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the cold-end exhaust system aftermarket on the basis of system, vehicle type, and region:

• System Outlook (Revenue, USD Million; 2014 - 2025)

  • Basic

  • Performance

• Vehicle Type Outlook (Revenue, USD Million; 2014 - 2025)

  • Passenger Cars

  • Commercial Vehicles

• Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • Japan

    • India

  • South America

    • Brazil

  • MEA