Table of Content

1 INTRODUCTION 27
1.1 OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.2.1 INCLUSIONS & EXCLUSIONS 28
1.3 MARKET SCOPE 28
1.3.1 YEARS CONSIDERED IN THE STUDY 29
1.4 CURRENCY CONSIDERED 29
1.5 SUMMARY OF CHANGES 29
1.6 STAKEHOLDERS 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 1 RESEARCH DESIGN 31
FIGURE 2 RESEARCH METHODOLOGY MODEL 32
2.1.1 SECONDARY DATA 32
2.1.1.1 List of key secondary sources to estimate exhaust system market 33
2.1.1.2 Key data from secondary sources 34
2.1.2 PRIMARY DATA 35
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, & REGION 35
2.1.2.1 List of primary participants 36
2.2 MARKET ESTIMATION METHODOLOGY 36
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 37
2.2.1 BOTTOM-UP APPROACH 38
FIGURE 5 EXHAUST SYSTEM MARKET SIZE: BOTTOM-UP APPROACH (AFTER-TREATMENT DEVICE AND REGION) 38
FIGURE 6 EXHAUST SYSTEM MARKET SIZE: BOTTOM-UP APPROACH (AFTERMARKET,
BY VEHICLE TYPE) 38
2.2.2 TOP-DOWN APPROACH 39
FIGURE 7 EXHAUST SYSTEM MARKET SIZE: TOP-DOWN APPROACH (COMPONENT) 39
TABLE 1 EXHAUST SYSTEM MARKET: RESEARCH DESIGN & METHODOLOGY 40
FIGURE 8 EXHAUST SYSTEM MARKET: RESEARCH METHODOLOGY ILLUSTRATION OF FAURECIA REVENUE ESTIMATION 40
2.2.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND- AND SUPPLY-SIDE 41
2.3 DATA TRIANGULATION 42
FIGURE 9 DATA TRIANGULATION METHODOLOGY 42
2.4 FACTOR ANALYSIS 43
2.5 RESEARCH ASSUMPTIONS 43
2.5.1 ASSUMPTIONS 43
TABLE 2 ASSUMPTIONS 43
2.6 RESEARCH LIMITATIONS 45
3 EXECUTIVE SUMMARY 46
3.1 INTRODUCTION 46
3.1.1 PRE- VS POST-COVID-19 SCENARIO 46
FIGURE 10 PRE- & POST-COVID-19 SCENARIO: EXHAUST SYSTEM MARKET SIZE,
2019–2026 (USD MILLION) 46
TABLE 3 EXHAUST SYSTEM MARKET SIZE: PRE- VS. POST-COVID-19 SCENARIO, 2019–2026 (USD MILLION) 47
3.2 REPORT SUMMARY 47
FIGURE 11 EXHAUST SYSTEM MARKET SIZE, BY AFTER-TREATMENT DEVICE,
2021 VS. 2026 (USD MILLION) 48
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES IN THE EXHAUST SYSTEM MARKET 50
FIGURE 12 GROWING PENETRATION OF AFTER-TREATMENT DEVICES IN COMBINATIONS TO DRIVE THE EXHAUST SYSTEM MARKET 50
4.2 EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICES 51
FIGURE 13 SCR IS ESTIMATED TO LEAD THE MARKET IN 2021 (USD MILLION) 51
4.3 EXHAUST SYSTEM MARKET, BY VEHICLE TYPE 51
FIGURE 14 THE PASSENGER CARS SEGMENT IS PROJECTED TO DOMINATE THE MARKET DURING THE FORECAST PERIOD 51
4.4 EXHAUST SYSTEM MARKET, BY COMPONENT 52
FIGURE 15 THE TAILPIPE SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026 52
4.5 EXHAUST SYSTEM MARKET, BY SENSOR TYPE 52
FIGURE 16 NOX SENSORS PROJECTED TO ACCOUNT LEAD THE MARKET DURING FORECAST PERIOD 52
4.6 EXHAUST SYSTEM AFTERMARKET, BY VEHICLE TYPE 53
4.7 EXHAUST SYSTEM OE MARKET, BY OFF-HIGHWAY VEHICLE 53
FIGURE 17 MINING EQUIPMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026 53
4.8 EXHAUST SYSTEM MARKET, BY APPLICATION 54
FIGURE 18 THE ON-HIGHWAY VEHICLES SEGMENT IS ESTIMATED TO ACCOUNT FOR A LARGER SHARE OF THE MARKET IN 2021 54
4.9 EXHAUST SYSTEM MARKET, BY SALES CHANNEL 54
FIGURE 19 AFTERMARKET IS EXPECTED TO ACCOUNT FOR A LARGER SHARE BY 2026 54
4.10 EXHAUST SYSTEM MARKET, BY REGION 55
FIGURE 20 ASIA PACIFIC IS ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF THE EXHAUST SYSTEM MARKET IN 2021 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 MARKET DYNAMICS 57
FIGURE 21 EXHAUST SYSTEM MARKET: MARKET DYNAMICS 57
5.2.1 DRIVERS 57
5.2.1.1 Growing vehicle emission is leading to stringent emission and fuel economy regulations 57
5.2.1.1.1 On-highway emission regulations 57
5.2.1.1.2 Off-highway (non-road mobile machinery) emission regulations 58
5.2.1.1.3 Fuel Economy Regulations 58
5.2.1.2 Growing penetration of after-treatment devices in Combinations 58
5.2.2 RESTRAINTS 59
5.2.2.1 Growing sales of clean vehicles 59
TABLE 4 FINANCIAL INCENTIVES FOR ELECTRIC VEHICLES, BY COUNTRY 59
FIGURE 22 SALES OF CLEAN VEHICLES, 2018-2026 (THOUSAND UNITS) 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Lightweight emission systems 60
5.2.3.2 Growing demand for gasoline particulate filters (GPF) in GDI engines 61
5.2.3.3 Advanced exhaust heat recovery systems 61
5.2.4 CHALLENGES 62
5.2.4.1 Impact of COVID-19 on Exhaust system market 62
5.2.4.2 Real drive emission test 62
5.3 PORTER’S FIVE FORCES ANALYSIS 63
TABLE 5 PORTER’S FIVE FORCES ANALYSIS 63
FIGURE 23 PORTER’S FIVE FORCES 63
5.3.1 THREAT OF NEW ENTRANTS 64
5.3.2 THREAT OF SUBSTITUTES 64
5.3.3 BARGAINING POWER OF SUPPLIERS 64
5.3.4 BARGAINING POWER OF BUYERS 65
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 65
5.4 TRADE ANALYSIS 66
TABLE 6 IMPORT TRADE DATA, BY COUNTRY, 2020 (USD THOUSAND) 66
TABLE 7 EXPORT TRADE DATA, BY COUNTRY, 2020 (USD THOUSAND) 66
5.5 CASE STUDIES 67
5.6 PATENT ANALYSIS 68
5.7 SUPPLY CHAIN ANALYSIS 71
FIGURE 24 SUPPLY CHAIN ANALYSIS: EXHAUST SYSTEM MARKET 71
5.8 EXHAUST SYSTEM MARKET ECOSYSTEM 71
TABLE 8 ROLE OF COMPANIES IN EXHAUST SYSTEM MARKET ECOSYSTEM 71
5.9 EMISSION REGULATIONS, BY VEHICLE TYPE 73
5.9.1 ON-ROAD VEHICLES 73
TABLE 9 EURO-5 VS. EURO-6 VEHICLE EMISSION STANDARDS ON THE NEW EUROPEAN DRIVING CYCLE 73
TABLE 10 ON-ROAD VEHICLE EMISSION REGULATION OUTLOOK FOR PASSENGER CARS, 2016–2021 73
FIGURE 25 ON-ROAD VEHICLE EMISSION REGULATION OUTLOOK FOR HEAVY-DUTY VEHICLES, 2014–2025 74
5.9.2 NON-ROAD MOBILE MACHINERY 74
FIGURE 26 NON-ROAD MOBILE MACHINERY EMISSION REGULATION OUTLOOK, 2019–2025 74
5.10 FUEL ECONOMY NORMS 75
5.10.1 US 75
TABLE 11 US: CAFE STANDARDS FOR EACH MODEL YEAR IN MILES PER GALLON, 2012–2025 75
5.10.2 EUROPE 75
5.10.3 CHINA 75
5.10.4 INDIA 76
5.11 AVERAGE SELLING PRICE (ASP) ANALYSIS 76
TABLE 12 AVERAGE REGIONAL PRICE (ASP) TREND: AFTER-TREATMENT DEVICES (USD), 2021 76
TABLE 13 AVERAGE PRICE (ASP) TREND: VEHICLE TYPE (USD), 2021 76
5.12 EXHAUST SYSTEM: TECHNICAL ANALYSIS 77
5.12.1 INTRODUCTION 77
5.12.2 MAJOR COMPONENTS AND THEIR FUNCTIONS IN AN AUTOMOTIVE EXHAUST SYSTEM 77
FIGURE 27 WORKING ON AN AUTOMOTIVE EXHAUST SYSTEM 77
5.12.2.1 Exhaust manifold 77
FIGURE 28 VEHICLE EXHAUST MANIFOLD 78
5.12.2.2 Catalytic converter 78
5.12.2.2.1 Substrate 78
5.12.2.2.2 Wash-coat 79
5.12.2.2.3 Catalyst 79
FIGURE 29 CATALYTIC CONVERTER WORKING MODEL 79
5.12.2.3 Muffler 79
5.12.2.4 Tailpipe 80
5.12.2.5 Resonators 80
5.12.2.6 After-treatment devices 80
5.12.3 ACTIVE NOISE CANCELLATION (ANC) 80
FIGURE 30 WORKING OF AN ANC MUFFLER 81
5.13 EXHAUST SYSTEM MARKET SCENARIO 81
FIGURE 31 EXHAUST SYSTEM MARKET SCENARIO, 2019–2026 (USD MILLION) 81
5.13.1 REALISTIC SCENARIO 82
TABLE 14 EXHAUST SYSTEM MARKET (REALISTIC SCENARIO), BY REGION,
2019–2026 (USD MILLION) 82
5.13.2 LOW IMPACT SCENARIO 82
TABLE 15 EXHAUST SYSTEM MARKET (LOW IMPACT SCENARIO), BY REGION,
2019–2026 (USD MILLION) 83
5.13.3 HIGH IMPACT SCENARIO 83
TABLE 16 EXHAUST SYSTEM MARKET (HIGH IMPACT SCENARIO), BY REGION,
2019–2026 (USD MILLION) 83
6 RECOMMENDATIONS BY MARKETSANDMARKETS 84
6.1 ASIA PACIFIC IS EXPECTED TO LEAD THE MARKET FOR EXHAUST SYSTEMS 84
6.2 GROWING DEMAND FOR GDI VEHICLES - KEY FOCUS AREAS 84
6.3 CONCLUSION 85
7 EXHAUST SYSTEM (OE) MARKET, BY AFTER-TREATMENT DEVICE 86
7.1 INTRODUCTION 87
7.1.1 RESEARCH METHODOLOGY 88
7.1.2 ASSUMPTIONS 88
7.1.3 INDUSTRY INSIGHTS 88
FIGURE 32 EXHAUST SYSTEM (OE) MARKET SIZE, BY AFTER-TREATMENT DEVICE,
2021 VS. 2026 (USD MILLION) 89
TABLE 17 EXHAUST SYSTEM (OE) MARKET SIZE, BY AFTER-TREATMENT DEVICE,
2019–2020 (THOUSAND UNITS) 89
TABLE 18 EXHAUST SYSTEM (OE) MARKET SIZE, BY AFTER-TREATMENT DEVICE,
2021–2026 (THOUSAND UNITS) 89
TABLE 19 EXHAUST SYSTEM (OE) MARKET SIZE, BY AFTER-TREATMENT DEVICE,
2019–2020 (USD MILLION) 90
TABLE 20 EXHAUST SYSTEM (OE) MARKET SIZE, BY AFTER-TREATMENT DEVICE,
2021–2026 (USD MILLION) 90
7.2 DIESEL OXIDATION CATALYST (DOC) 90
TABLE 21 DOC (OE) MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 91
TABLE 22 DOC (OE) MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 91
TABLE 23 DOC (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 91
TABLE 24 DOC (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 92
7.3 DIESEL PARTICULATE FILTER (DPF) 92
TABLE 25 DPF (OE) MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 92
TABLE 26 DPF (OE) MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 93
TABLE 27 DPF (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 93
TABLE 28 DPF (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 93
7.4 LEAN NOX TRAP (LNT) 94
TABLE 29 LNT (OE) MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 94
TABLE 30 LNT (OE) MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 94
TABLE 31 LNT (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 94
TABLE 32 LNT (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 95
7.5 SELECTIVE CATALYST REDUCTION (SCR) 95
TABLE 33 SCR (OE) MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 95
TABLE 34 SCR (OE) MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 96
TABLE 35 SCR (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 96
TABLE 36 SCR (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 96
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7.6 GASOLINE PARTICULATE FILTER (GPF) 97
TABLE 37 GPF (OE) MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 97
TABLE 38 GPF (OE) MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 97
TABLE 39 GPF (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 97
TABLE 40 GPF (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 98
8 EXHAUST SYSTEM (OE) MARKET, BY VEHICLE TYPE 99
8.1 INTRODUCTION 100
8.1.1 RESEARCH METHODOLOGY 100
8.1.2 ASSUMPTIONS 101
8.1.3 INDUSTRY INSIGHTS 101
FIGURE 33 EXHAUST SYSTEM (OE) MARKET SIZE, BY VEHICLE TYPE,
2021 VS. 2026 (USD MILLION) 101
TABLE 41 EXHAUST SYSTEM (OE) MARKET SIZE, BY VEHICLE TYPE,
2019–2020 (THOUSAND UNITS) 102
TABLE 42 EXHAUST SYSTEM (OE) MARKET SIZE, BY VEHICLE TYPE,
2021–2026 (THOUSAND UNITS) 102
TABLE 43 EXHAUST SYSTEM (OE) MARKET SIZE, BY VEHICLE TYPE,
2019–2020 (USD MILLION) 102
TABLE 44 EXHAUST SYSTEM (OE) MARKET SIZE, BY VEHICLE TYPE,
2021–2026 (USD MILLION) 102
8.2 PASSENGER CARS 103
TABLE 45 PASSENGER CARS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2019–2020 (THOUSAND UNITS) 103
TABLE 46 PASSENGER CARS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2021–2026 (THOUSAND UNITS) 103
TABLE 47 PASSENGER CARS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2019–2020 (USD MILLION) 104
TABLE 48 PASSENGER CARS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2021–2026 (USD MILLION) 104
8.3 LIGHT COMMERCIAL VEHICLES 104
TABLE 49 LIGHT COMMERCIAL VEHICLES EXHAUST SYSTEM (OE) MARKET, BY REGION, 2019–2020 (THOUSAND UNITS) 105
TABLE 50 LIGHT COMMERCIAL VEHICLES EXHAUST SYSTEM (OE) MARKET, BY REGION, 2021–2026 (THOUSAND UNITS) 105
TABLE 51 LIGHT COMMERCIAL VEHICLES EXHAUST SYSTEM (OE) MARKET, BY REGION, 2019–2020 (USD MILLION) 105
TABLE 52 LIGHT COMMERCIAL VEHICLES EXHAUST SYSTEM (OE) MARKET, BY REGION, 2021–2026 (USD MILLION) 106
8.4 TRUCKS 106
TABLE 53 TRUCKS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2019–2020 (THOUSAND UNITS) 106
TABLE 54 TRUCKS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2021–2026 (THOUSAND UNITS) 107
TABLE 55 TRUCKS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2019–2020 (USD MILLION) 107
TABLE 56 TRUCKS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2021–2026 (USD MILLION) 107
8.5 BUSES 108
TABLE 57 BUS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2019–2020 (THOUSAND UNITS) 108
TABLE 58 BUS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2021–2026 (THOUSAND UNITS) 108
TABLE 59 BUS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2019–2020 (USD MILLION) 108
TABLE 60 BUS EXHAUST SYSTEM (OE) MARKET, BY REGION,
2021–2026 (USD MILLION) 109
9 EXHAUST SYSTEM AFTERMARKET, BY VEHICLE TYPE 110
9.1 INTRODUCTION 111
9.1.1 RESEARCH METHODOLOGY 111
9.1.2 ASSUMPTIONS 112
9.1.3 INDUSTRY INSIGHTS 112
FIGURE 34 EXHAUST SYSTEM AFTERMARKET SIZE, BY VEHICLE TYPE,
2021 VS. 2026 (USD MILLION) 112
TABLE 61 EXHAUST SYSTEM AFTERMARKET SIZE, BY VEHICLE TYPE,
2019–2020 (THOUSAND UNITS) 112
TABLE 62 EXHAUST SYSTEM AFTERMARKET SIZE, BY VEHICLE TYPE,
2021–2026 (THOUSAND UNITS) 113
TABLE 63 EXHAUST SYSTEM AFTERMARKET SIZE, BY VEHICLE TYPE,
2019–2020 (USD MILLION) 113
TABLE 64 EXHAUST SYSTEM AFTERMARKET SIZE, BY VEHICLE TYPE,
2021–2026 (USD MILLION) 113
9.2 LIGHT-DUTY VEHICLES (LDVS) 114
TABLE 65 LDV EXHAUST SYSTEM AFTERMARKET, BY REGION,
2019–2020 (THOUSAND UNITS) 114
TABLE 66 LDV EXHAUST SYSTEM AFTERMARKET, BY REGION,
2021–2026 (THOUSAND UNITS) 114
TABLE 67 LDV EXHAUST SYSTEM AFTERMARKET, BY REGION,
2019–2020 (USD MILLION) 114
TABLE 68 LDV EXHAUST SYSTEM AFTERMARKET, BY REGION,
2021–2026 (USD MILLION) 115
9.3 HEAVY-DUTY VEHICLES (HDVS) 115
TABLE 69 HDV EXHAUST SYSTEM AFTERMARKET, BY REGION,
2019–2020 (THOUSAND UNITS) 115
TABLE 70 HDV EXHAUST SYSTEM AFTERMARKET, BY REGION,
2021–2026 (THOUSAND UNITS) 116
TABLE 71 HDV EXHAUST SYSTEM AFTERMARKET, BY REGION,
2019–2020 (USD MILLION) 116
TABLE 72 HDV EXHAUST SYSTEM AFTERMARKET, BY REGION,
2021–2026 (USD MILLION) 116
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10 EXHAUST SYSTEM (OE) MARKET, BY COMPONENT 118
10.1 INTRODUCTION 119
10.1.1 RESEARCH METHODOLOGY 119
10.1.2 ASSUMPTIONS 120
FIGURE 35 EXHAUST SYSTEM (OE) MARKET SIZE, BY COMPONENT,
2021 VS. 2026 (USD MILLION) 120
TABLE 73 EXHAUST SYSTEM (OE) MARKET SIZE, BY COMPONENT,
2019–2020 (THOUSAND UNITS) 121
TABLE 74 EXHAUST SYSTEM (OE) MARKET SIZE, BY COMPONENT,
2021–2026 (THOUSAND UNITS) 121
TABLE 75 EXHAUST SYSTEM (OE) MARKET SIZE, BY COMPONENT,
2019–2020 (USD MILLION) 121
TABLE 76 EXHAUST SYSTEM (OE) MARKET SIZE, BY COMPONENT,
2021–2026 (USD MILLION) 122
10.2 SENSORS 122
TABLE 77 SENSORS (OE) MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 122
TABLE 78 SENSORS (OE) MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 123
TABLE 79 SENSORS (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 123
TABLE 80 SENSORS (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 123
10.3 CATALYTIC CONVERTER 124
TABLE 81 CATALYTIC CONVERTER (OE) MARKET SIZE, BY REGION,
2019–2020 (THOUSAND UNITS) 124
TABLE 82 CATALYTIC CONVERTER (OE) MARKET SIZE, BY REGION,
2021–2026 (THOUSAND UNITS) 124
TABLE 83 CATALYTIC CONVERTER (OE) MARKET SIZE, BY REGION,
2019–2020 (USD MILLION) 124
TABLE 84 CATALYTIC CONVERTER (OE) MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 125
10.4 DOWNPIPE 125
TABLE 85 DOWNPIPE (OE) MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 125
TABLE 86 DOWNPIPE (OE) MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 125
TABLE 87 DOWNPIPE (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 126
TABLE 88 DOWNPIPE (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 126
10.5 MANIFOLD 126
TABLE 89 MANIFOLD (OE) MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 127
TABLE 90 MANIFOLD (OE) MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 127
TABLE 91 MANIFOLD (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 127
TABLE 92 MANIFOLD (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 128
10.6 MUFFLER 128
TABLE 93 MUFFLER (OE) MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 128
TABLE 94 MUFFLER (OE) MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 129
TABLE 95 MUFFLER (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 129
TABLE 96 MUFFLER (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 129
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10.7 TAILPIPE 130
TABLE 97 TAILPIPE (OE) MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 130
TABLE 98 TAILPIPE (OE) MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 130
TABLE 99 TAILPIPE (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 130
TABLE 100 TAILPIPE (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 131
10.8 HANGERS 131
TABLE 101 HANGERS (OE) MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 131
TABLE 102 HANGERS (OE) MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 131
TABLE 103 HANGERS (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 132
TABLE 104 HANGERS (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 132
11 EXHAUST SYSTEM (OE) MARKET, BY SENSOR TYPE 133
11.1 INTRODUCTION 134
11.1.1 RESEARCH METHODOLOGY 134
11.1.2 ASSUMPTIONS 134
FIGURE 36 EXHAUST SYSTEM (OE) MARKET SIZE, BY SENSOR TYPE,
2021 VS. 2026 (USD MILLION) 135
TABLE 105 EXHAUST SYSTEM (OE) MARKET SIZE, BY SENSOR TYPE,
2019–2020 (THOUSAND UNITS) 135
TABLE 106 EXHAUST SYSTEM (OE) MARKET SIZE, BY SENSOR TYPE,
2021–2026 (THOUSAND UNITS) 135
TABLE 107 EXHAUST SYSTEM (OE) MARKET SIZE, BY SENSOR TYPE,
2019–2020 (USD MILLION) 136
TABLE 108 EXHAUST SYSTEM (OE) MARKET SIZE, BY SENSOR TYPE,
2021–2026 (USD MILLION) 136
11.2 NOX SENSORS 136
TABLE 109 NOX SENSORS (OE) MARKET SIZE, BY REGION,
2019–2020 (THOUSAND UNITS) 137
TABLE 110 NOX SENSORS (OE) MARKET SIZE, BY REGION,
2021–2026 (THOUSAND UNITS) 137
TABLE 111 NOX SENSORS (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 137
TABLE 112 NOX SENSORS (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 137
11.3 OXYGEN SENSORS 138
TABLE 113 OXYGEN SENSORS (OE) MARKET SIZE, BY REGION,
2019–2020 (THOUSAND UNITS) 138
TABLE 114 OXYGEN SENSORS (OE) MARKET SIZE, BY REGION,
2021–2026 (THOUSAND UNITS) 138
TABLE 115 OXYGEN SENSORS (OE) MARKET SIZE, BY REGION,
2019–2020 (USD MILLION) 139
TABLE 116 OXYGEN SENSORS (OE) MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 139
11.4 TEMPERATURE SENSORS 139
TABLE 117 TEMPERATURE SENSORS (OE) MARKET SIZE, BY REGION,
2019–2020 (THOUSAND UNITS) 140
TABLE 118 TEMPERATURE SENSORS (OE) MARKET SIZE, BY REGION,
2021–2026 (THOUSAND UNITS) 140
TABLE 119 TEMPERATURE SENSORS (OE) MARKET SIZE, BY REGION,
2019–2020 (USD MILLION) 140
TABLE 120 TEMPERATURE SENSORS (OE) MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 141
11.5 PM SENSORS 141
TABLE 121 PM SENSORS (OE) MARKET SIZE, BY REGION,
2019–2020 (THOUSAND UNITS) 141
TABLE 122 PM SENSORS (OE) MARKET SIZE, BY REGION,
2021–2026 (THOUSAND UNITS) 142
TABLE 123 PM SENSORS (OE) MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 142
TABLE 124 PM SENSORS (OE) MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 142
12 EXHAUST SYSTEM MARKET, BY OFF-HIGHWAY VEHICLE 143
12.1 INTRODUCTION 144
12.1.1 RESEARCH METHODOLOGY 144
12.1.2 ASSUMPTIONS 145
12.1.3 INDUSTRY INSIGHTS 145
FIGURE 37 EXHAUST SYSTEM MARKET SIZE, BY OFF-HIGHWAY VEHICLE,
2021 VS. 2026 (USD MILLION) 145
TABLE 125 EXHAUST SYSTEM MARKET SIZE, BY OFF-HIGHWAY VEHICLE,
2019–2020 (THOUSAND UNITS) 146
TABLE 126 EXHAUST SYSTEM MARKET SIZE, BY OFF-HIGHWAY VEHICLE,
2021–2026 (THOUSAND UNITS) 146
TABLE 127 EXHAUST SYSTEM MARKET SIZE, BY OFF-HIGHWAY VEHICLE,
2019–2020 (USD MILLION) 146
TABLE 128 EXHAUST SYSTEM MARKET SIZE, BY OFF-HIGHWAY VEHICLE,
2021–2026 (USD MILLION) 146
12.2 AGRICULTURE TRACTOR 147
TABLE 129 AGRICULTURE TRACTOR EXHAUST SYSTEM MARKET SIZE, BY REGION,
2019–2020 (THOUSAND UNITS) 147
TABLE 130 AGRICULTURE TRACTOR EXHAUST SYSTEM MARKET SIZE, BY REGION,
2021–2026 (THOUSAND UNITS) 147
TABLE 131 AGRICULTURE TRACTOR EXHAUST SYSTEM MARKET SIZE, BY REGION,
2019–2020 (USD MILLION) 148
TABLE 132 AGRICULTURE TRACTOR EXHAUST SYSTEM MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 148
12.3 CONSTRUCTION EQUIPMENT 148
TABLE 133 CONSTRUCTION EQUIPMENT EXHAUST SYSTEM MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 149
TABLE 134 CONSTRUCTION EQUIPMENT EXHAUST SYSTEM MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 149
TABLE 135 CONSTRUCTION EQUIPMENT EXHAUST SYSTEM MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 149
TABLE 136 CONSTRUCTION EQUIPMENT EXHAUST SYSTEM MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 150
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12.4 MINING EQUIPMENT 150
TABLE 137 MINING EQUIPMENT EXHAUST SYSTEM MARKET SIZE, BY REGION,
2019–2020 (THOUSAND UNITS) 150
TABLE 138 MINING EQUIPMENT EXHAUST SYSTEM MARKET SIZE, BY REGION,
2021–2026 (THOUSAND UNITS) 151
TABLE 139 MINING EQUIPMENT EXHAUST SYSTEM MARKET SIZE, BY REGION,
2019–2020 (USD MILLION) 151
TABLE 140 MINING EQUIPMENT EXHAUST SYSTEM MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 151
13 EXHAUST SYSTEM MARKET, BY APPLICATION 152
13.1 INTRODUCTION 153
13.1.1 RESEARCH METHODOLOGY 153
13.1.2 ASSUMPTIONS 154
FIGURE 38 EXHAUST SYSTEM MARKET SIZE, BY APPLICATION,
2021 VS. 2026 (USD MILLION) 154
TABLE 141 EXHAUST SYSTEM MARKET SIZE, BY APPLICATION,
2019–2020 (THOUSAND UNITS) 154
TABLE 142 EXHAUST SYSTEM MARKET SIZE, BY APPLICATION,
2021–2026 (THOUSAND UNITS) 154
TABLE 143 EXHAUST SYSTEM MARKET SIZE, BY APPLICATION,
2019–2020 (USD MILLION) 155
TABLE 144 EXHAUST SYSTEM MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 155
13.2 ON-HIGHWAY VEHICLES 155
TABLE 145 ON-HIGHWAY VEHICLES EXHAUST SYSTEM MARKET SIZE, BY REGION,
2019–2020 (THOUSAND UNITS) 155
TABLE 146 ON-HIGHWAY VEHICLES EXHAUST SYSTEM MARKET SIZE, BY REGION,
2021–2026 (THOUSAND UNITS) 156
TABLE 147 ON-HIGHWAY VEHICLES EXHAUST SYSTEM MARKET SIZE, BY REGION,
2019–2020 (USD MILLION) 156
TABLE 148 ON-HIGHWAY VEHICLES EXHAUST SYSTEM MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 156
13.3 OFF-HIGHWAY VEHICLES 157
TABLE 149 OFF-HIGHWAY VEHICLES EXHAUST SYSTEM MARKET SIZE, BY REGION, 2019–2020 (THOUSAND UNITS) 157
TABLE 150 OFF-HIGHWAY VEHICLES EXHAUST SYSTEM MARKET SIZE, BY REGION, 2021–2026 (THOUSAND UNITS) 157
TABLE 151 OFF-HIGHWAY VEHICLES EXHAUST SYSTEM MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 157
TABLE 152 OFF-HIGHWAY VEHICLES EXHAUST SYSTEM MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 158
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14 EXHAUST SYSTEM MARKET, BY SALES CHANNEL 159
14.1 INTRODUCTION 160
14.1.1 RESEARCH METHODOLOGY 160
14.1.2 ASSUMPTIONS 161
FIGURE 39 EXHAUST SYSTEM MARKET SIZE, BY SALES CHANNEL,
2021 VS. 2026 (USD MILLION) 162
TABLE 153 EXHAUST SYSTEM MARKET SIZE, BY SALES CHANNEL,
2019–2020 (THOUSAND UNITS) 162
TABLE 154 EXHAUST SYSTEM MARKET SIZE, BY SALES CHANNEL,
2021–2026 (THOUSAND UNITS) 162
TABLE 155 EXHAUST SYSTEM MARKET SIZE, BY SALES CHANNEL,
2019–2020 (USD MILLION) 162
TABLE 156 EXHAUST SYSTEM MARKET SIZE, BY SALES CHANNEL,
2021–2026 (USD MILLION) 163
14.2 AFTERMARKET 163
TABLE 157 EXHAUST SYSTEM AFTERMARKET MARKET SIZE, BY REGION,
2019–2020 (THOUSAND UNITS) 163
TABLE 158 EXHAUST SYSTEM AFTERMARKET MARKET SIZE, BY REGION,
2021–2026 (THOUSAND UNITS) 164
TABLE 159 EXHAUST SYSTEM AFTERMARKET MARKET SIZE, BY REGION,
2019–2020 (USD MILLION) 164
TABLE 160 EXHAUST SYSTEM AFTERMARKET MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 164
14.3 OEM 165
TABLE 161 EXHAUST SYSTEM OE MARKET SIZE, BY REGION,
2019–2020 (THOUSAND UNITS) 165
TABLE 162 EXHAUST SYSTEM OE MARKET SIZE, BY REGION,
2021–2026 (THOUSAND UNITS) 165
TABLE 163 EXHAUST SYSTEM OE MARKET SIZE, BY REGION, 2019–2020 (USD MILLION) 165
TABLE 164 EXHAUST SYSTEM OE MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 166
15 EXHAUST SYSTEM MARKET, BY REGION 167
15.1 INTRODUCTION 168
15.2 RESEARCH METHODOLOGY 168
FIGURE 40 EXHAUST SYSTEM MARKET, BY REGION, 2021 VS. 2026 (USD MILLION) 169
TABLE 165 EXHAUST SYSTEM MARKET, BY REGION, 2019–2020 (THOUSAND UNITS) 169
TABLE 166 EXHAUST SYSTEM MARKET, BY REGION, 2021–2026 (THOUSAND UNITS) 169
TABLE 167 EXHAUST SYSTEM MARKET, BY REGION, 2019–2020 (USD MILLION) 170
TABLE 168 EXHAUST SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION) 170
15.3 ASIA PACIFIC 171
FIGURE 41 ASIA PACIFIC: EXHAUST SYSTEM MARKET SNAPSHOT 172
TABLE 169 ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY COUNTRY,
2019–2020 (THOUSAND UNITS) 173
TABLE 170 ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY COUNTRY,
2021–2026 (THOUSAND UNITS) 173
TABLE 171 ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY COUNTRY,
2019–2020 (USD MILLION) 173
TABLE 172 ASIA PACIFIC: EXHAUST SYSTEM MARKET, BY COUNTRY,
2021–2026 (USD MILLION) 174
15.3.1 CHINA 174
15.3.1.1 SCR is expected to grow at the highest rate in China during the forecast period 174
TABLE 173 CHINA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2019–2020 (THOUSAND UNITS) 174
TABLE 174 CHINA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2021–2026 (THOUSAND UNITS) 175
TABLE 175 CHINA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2019–2020 (USD MILLION) 175
TABLE 176 CHINA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2021–2026 (USD MILLION) 175
15.3.2 JAPAN 176
15.3.2.1 Japan is the second-largest market for after-treatment devices in Asia Pacific 176
TABLE 177 JAPAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2019–2020 (THOUSAND UNITS) 176
TABLE 178 JAPAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2021–2026 (THOUSAND UNITS) 176
TABLE 179 JAPAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2019–2020 (USD MILLION) 177
TABLE 180 JAPAN: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2021–2026 (USD MILLION) 177
15.3.3 SOUTH KOREA 178
15.3.3.1 SCR is estimated to dominate the market in South Korea 178
TABLE 181 SOUTH KOREA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE, 2019–2020 (THOUSAND UNITS) 178
TABLE 182 SOUTH KOREA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE, 2021–2026 (THOUSAND UNITS) 178
TABLE 183 SOUTH KOREA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE, 2019–2020 (USD MILLION) 178
TABLE 184 SOUTH KOREA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE, 2021–2026 (USD MILLION) 179
15.3.4 INDIA 179
15.3.4.1 BS-VI emission regulation fueled the demand for DOC and DPF in the country 179
TABLE 185 INDIA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2019–2020 (THOUSAND UNITS) 179
TABLE 186 INDIA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2021–2026 (THOUSAND UNITS) 180
TABLE 187 INDIA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2019–2020 (USD MILLION) 180
TABLE 188 INDIA: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE,
2021–2026 (USD MILLION) 180
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15.3.5 THAILAND 181
15.3.5.1 DOC is expected to lead the market by volume during the forecast period 181
TABLE 189 THAILAND: EXHAUST SYSTEM MARKET, BY AFTER-TREATMENT DEVICE, 2019–2020 (THOUSAND UNITS) 181
TABLE 190 THAILAND: EXHAUST SYSTEM MARKET, BY AFT