India Automotive exhaust systems Market | Industry, Revenue, Forecast, Growth, Value, Trends, Companies, Analysis, Share, Size & COVID-19 IMPACT

India Automotive exhaust systems Market Synopsis

The automotive exhaust systems market in India is expected to grow at a CAGR of around 9.5% during 2023-2029. The growth will be driven by the growing demand for passenger and commercial vehicles, increasing stringency of emission regulations, rising consumer awareness about fuel efficiency, and advancements in technology such as active regeneration systems. Government initiatives like FAME (Faster Adoption & Manufacturing Electric Vehicles) India scheme are also expected to drive the demand for electric vehicles which will require advanced exhaust system components such as catalytic converters and diesel particulate filters. Additionally, automakers have been investing heavily into research & development activities to introduce advanced vehicle safety features such as driver alertness monitoring system that requires electronic control unit (ECU) along with sensors on the vehicle???s exhaust system. This is further anticipated to propel the demand for automotive exhaust systems over the forecast period.

Market Drivers

The India automotive exhaust systems market is primarily driven by the increasing demand for fuel-efficient vehicles and stringent emission regulations. The rising disposable income of consumers, growing awareness about vehicle safety, and rapid urbanization are some of the other factors driving growth in this market. Moreover, technological advancements that enable increased durability and performance to meet new emission standards have also been a key factor supporting the growth of the India automotive exhaust system market. Additionally, government initiatives such as FAME India (Faster Adoption & Manufacturing of Hybrid & Electric Vehicles in India) provide additional impetus to the industry.

Challenges of the Market

The automotive exhaust systems market in India is faced with various challenges, such as the rising cost of raw materials due to the fluctuating prices of steel and other metals, lack of proper emission norms for diesel and petrol engines, inadequate infrastructure for emissions testing and a shortage of skilled labor. Moreover, most OEMs in India are not ready yet to invest heavily in this sector due to their limited resources. Additionally, there has been an increase in environmental awareness among consumers which has led to higher expectations from automakers regarding emission standards. This further increases the pressure on OEMs to provide better quality products at lower costs.

Key Players in the Market

Some key players operating in India Automotive Exhaust Systems Market include Bosal India Pvt Ltd., Tenneco Inc., Continental AG , Denso Corporation,, Eberspaecher Group , Delphi Technologies PLC etc

Key Highlights of the Report:

• India Automotive exhaust systems Market Outlook
• Market Size of India Automotive exhaust systems Market, 2023
• Forecast of India Automotive exhaust systems Market, 2030
• Historical Data and Forecast of India Automotive exhaust systems Revenues & Volume for the Period 2020-2030
• India Automotive exhaust systems Market Trend Evolution
• India Automotive exhaust systems Market Drivers and Challenges
• India Automotive exhaust systems Price Trends
• India Automotive exhaust systems Porter's Five Forces
• India Automotive exhaust systems Industry Life Cycle
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Components for the Period 2020-2030
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Exhaust Manifold for the Period 2020-2030
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Muffler for the Period 2020-2030
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Catalytic Converter for the Period 2020-2030
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Oxygen Sensor for the Period 2020-2030
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Exhaust Pipes for the Period 2020-2030
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Fuel Type for the Period 2020-2030
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Gasoline for the Period 2020-2030
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Diesel for the Period 2020-2030
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Vehicle Type for the Period 2020-2030
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Passenger Car for the Period 2020-2030
• Historical Data and Forecast of India Automotive exhaust systems Market Revenues & Volume By Commercial Vehicles for the Period 2020-2030
• India Automotive exhaust systems Import Export Trade Statistics
• Market Opportunity Assessment By Components
• Market Opportunity Assessment By Fuel Type
• Market Opportunity Assessment By Vehicle Type
• India Automotive exhaust systems Top Companies Market Share
• India Automotive exhaust systems Competitive Benchmarking By Technical and Operational Parameters
• India Automotive exhaust systems Company Profiles
• India Automotive exhaust systems Key Strategic Recommendations