Product Code: ETC046204 | Publication Date: Jun 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Exhaust System Components market is estimated to register a CAGR of 6.2% during the forecast period (2025-2031). The increasing demand for vehicles in India, coupled with stringent emission regulations from the government and automobile manufacturers? focus on fuel efficiency are some of the key factors driving the growth of this market. Furthermore, growing awareness among vehicle owners about exhaust system components` importance in reducing emissions has also been contributing to its rapid growth.
The major drivers for the Indian Exhaust System Components Market include an increase in domestic car production, rising disposable income leading to increased sales of passenger cars and two wheelers, and strict emission norms by Government bodies such as Bharat Stage IV & V Emission Standards (BS IV & BS V). Additionally, technological advancements have enabled component manufacturers to develop advanced yet cost effective products which further boosts the market growth.
Although there are several opportunities present within this sector, there are certain challenges that need to be addressed. Some such challenges include high initial capital costs associated with manufacturing these parts due lack of economies of scale; customers? preference towards international brands rather than domestically produced ones; inability or failure on part of players to keep up with changing standards set forth by regulatory bodies such as Euro 5/6; unavailability or limited availability spares & aftermarket services required for installation & maintenance purposes etc.
Some prominent players in Indian Exhaust System Components Market includes Eberspacher India Pvt Ltd., Hindustan Autocomp Systems Limited (HASL), Bosal India Pvt Ltd., Tenneco Inc., Futaba Industrial Co., Ltd., Faurecia SA , Denso Corporation ,Calsonic Kansei Corporation , AP Exhaust Technologies LLC .etc
Due COVID 19 pandemic all over world has heavily disrupted automotive industry including India too resulting into production cut down across different cities thus hampering automotive part supplier chain especially small vendors affecting their revenues negatively impacting overall market size . But at same time given crisis situation it provided opportunity not only localize supply chain but also substitute materials like Copper used in catalytic converters can be replaced by less expensive alternative like Ceramic Monoliths without compromising quality thereby saving cost.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Exhaust System Components Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Exhaust System Components Market Revenues & Volume, 2021 & 2031F |
3.3 India Exhaust System Components Market - Industry Life Cycle |
3.4 India Exhaust System Components Market - Porter's Five Forces |
3.5 India Exhaust System Components Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 India Exhaust System Components Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 India Exhaust System Components Market Revenues & Volume Share, By After-Treatment Device, 2021 & 2031F |
4 India Exhaust System Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Exhaust System Components Market Trends |
6 India Exhaust System Components Market, By Types |
6.1 India Exhaust System Components Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 India Exhaust System Components Market Revenues & Volume, By Vehicle Type, 2021-2031F |
6.1.3 India Exhaust System Components Market Revenues & Volume, By Passenger car, 2021-2031F |
6.1.4 India Exhaust System Components Market Revenues & Volume, By Light commercial vehicle, 2021-2031F |
6.1.5 India Exhaust System Components Market Revenues & Volume, By Truck, 2021-2031F |
6.1.6 India Exhaust System Components Market Revenues & Volume, By Bus, 2021-2031F |
6.2 India Exhaust System Components Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 India Exhaust System Components Market Revenues & Volume, By Gasoline, 2021-2031F |
6.2.3 India Exhaust System Components Market Revenues & Volume, By Diesel, 2021-2031F |
6.3 India Exhaust System Components Market, By After-Treatment Device |
6.3.1 Overview and Analysis |
6.3.2 India Exhaust System Components Market Revenues & Volume, By LNT, 2021-2031F |
6.3.3 India Exhaust System Components Market Revenues & Volume, By GPF, 2021-2031F |
7 India Exhaust System Components Market Import-Export Trade Statistics |
7.1 India Exhaust System Components Market Export to Major Countries |
7.2 India Exhaust System Components Market Imports from Major Countries |
8 India Exhaust System Components Market Key Performance Indicators |
9 India Exhaust System Components Market - Opportunity Assessment |
9.1 India Exhaust System Components Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 India Exhaust System Components Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 India Exhaust System Components Market Opportunity Assessment, By After-Treatment Device, 2021 & 2031F |
10 India Exhaust System Components Market - Competitive Landscape |
10.1 India Exhaust System Components Market Revenue Share, By Companies, 2024 |
10.2 India Exhaust System Components Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |