세계의 배기 행거 시장 규모는 2023년 402억 달러에서 2024-2031년의 예측 기간 중 5.54%의 CAGR로 추이하며, 2031년에는 618억 8,000만 달러 규모로 성장할 것으로 예측됩니다.
자동차 안전에 대한 인식 증가, 경량 자동차 및 전기자동차에 대한 수요 증가, 제조 공정의 변화, 정부의 안전 규제 강화 등은 예측 기간 중 세계 배기 행거 시장의 성장을 가속할 것으로 예상됩니다. 또한 자동차 기술 및 디자인의 지속적인 발전은 배기 행거에 대한 수요를 촉진하고 있습니다. 또한 사고 증가, 배기 행거의 내구성 한계, 자동차의 마모 및 손상으로 인해 배기 행거의 필요성이 증가하고 있습니다.
최근 소비자들은 자동차의 외관과 성능을 향상시키기 위해 다양한 개조와 커스터마이징을 요구하고 있습니다. 이러한 커스터마이징 및 개조 트렌드는 고성능과 긴 수명을 제공하는 배기 행거에 대한 수요를 촉진하고 있습니다. 지속가능성에 대한 인식이 높아지고 전 세계에서 탄소 배출 제로 표준에 대한 규범이 증가함에 따라 효과적인 배기 시스템에 대한 수요도 증가하고 있습니다. 시장 참여 기업은 안정성과 긴 수명을 보장하기 위해 고성능 배기 행거에 적극적으로 투자하고 있습니다. 자동차가 빠르게 진화함에 따라 고성능 배기 행거에 대한 수요가 더욱 크게 증가하고 있습니다. 제조업체는 새로운 제조 공정을 도입하고 다른 진입자와 협력하여 자동차 생산량을 늘리고 새로운 혁신적인 자동차를 도입하고 있으며, 이러한 노력도 세계 배기 행거에 대한 수요를 증가시키고 있습니다.
자동차의 진보와 혁신 :
자동차 업계는 빅데이터, 디지털 기술 및 AI의 다양한 변화와 통합을 목격하고 있으며, 이는 승용차를 더욱 안전하고 사용하기 쉽게 만들어 자동차 소유자의 편의성을 높이고 있습니다. 이러한 변화의 추세는 승용차 및 상용차의 생산과 판매를 증가시켜 전 세계에서 배기 행거에 대한 수요를 더욱 크게 촉진하고 있습니다.
정부의 정책과 노력으로 배기 행거 수요를 주도한다. :
정부는 다양한 환경 유지 기준을 발표하고 있으며, 제로 배출 기준은 배기 시스템의 효율적인 기능을 가능하게 하는 고성능 배기 행거 소재의 사용을 요구하고 있습니다. 전 세계에서 엄격한 배출 기준은 부드러운 승차감을 제공하고 환경적 지속가능성을 보장하는 배기 행거에 대한 수요를 증가시키고 있습니다. 정부는 소비자의 안전을 보장하기 위해 다양한 정책을 내놓고 있으며, 기업은 배기 행거의 효과적인 활용을 요구하고 있습니다.
세계의 배기 행거 시장을 조사했으며, 시장의 정의와 개요, 시장 규모의 추이·예측, 각종 구분·지역별 상세 분석, 산업 구조, 시장 성장에 대한 영향요인의 분석, 사례 연구, 경쟁 구도, 주요 기업의 개요 등을 정리하여 전해드립니다.
Global exhaust hanger market is estimated to witness a CAGR of 5.54% during the forecast period 2024-2031, rising from USD 40.2 billion in 2023 to USD 61.88 billion in 2031. Increasing awareness concerning vehicle safety, rise in demand for lightweight vehicles and electric vehicles, transformation in the manufacturing process, and growing safety regulations by the government are anticipated to drive the growth of the global exhaust hanger market across the globe in the forecast period. In addition, the constant evolution of automotive technology, and design positively propel the demand for exhaust hangers. An increase in the number of accidents, limited durability of exhaust hangers, and wear and tear in vehicles increase the need for exhaust hangers.
Consumers nowadays are looking to make different modifications and customizations to enhance the appearance and performance of their vehicles. This trend of customization and modifications fosters the demand for exhaust hangers that provide high performance and longevity. The increasing awareness of sustainability and increasing norms on zero-carbon emission standards across the globe propel the demand for effective exhaust systems. Companies in the market are actively investing in high-performance exhaust hangers to ensure stability and longevity. As automobiles are evolving rapidly, the demand for high-performance exhaust hangers is increasing more significantly. Manufacturers are introducing new manufacturing processes and collaborating with other market players to increase the production of vehicles and introduce new and innovative vehicles which further increases the demand for exhaust hanger market growth across the globe.
For instance, in March 2024, JSW MG Motor India announced a joint venture with SAIC Motors to bring innovative and futuristic technologies and aims to build a diverse portfolio to address the rising demand of consumers. This joint venture also plans to launch new cars, increasing the demand for exhaust hangers.
Advancement and Innovations in Vehicles
The automotive industry is witnessing different transformations and integration of big data, digital technology, and AI, making a passenger car safer, and user-friendly, thereby enhancing the usefulness for vehicle owners. This trend of transformation increases the production and sale of passenger and commercial vehicles which further fosters the demand for exhaust hangers across the globe more significantly. In addition, automakers are actively investing in introducing new vehicles to provide high-quality customer services and gain a competitive edge over other market players. Furthermore, by keeping consumer safety in mind, the automakers are integrating an electronic system that enables different sensors and increasing the demand for exhaust hangers to offer smoother rides. Automakers keep updating durable exhaust hangers to ensure the reliability and longevity of vehicles, thereby raising demand for commercial and passenger vehicles further boosting the requirement for exhaust hangers.
For instance, in October 2023, Hyundai Motor Company announced a joint venture with the Public Investment Fund (PIF) to set up a highly automated vehicle manufacturing plant across Saudi Arabia. This joint venture aims to manufacture nearly 50,000 vehicles annually.
Collaborations and Joint Ventures Between Automakers Push the Exhaust Hanger Demand
The collaboration, acquisitions, and joint ventures between automakers result in the introduction and sales of vehicles, increasing the need for exhaust hangers. For instance, Zhongding Group has successfully made three acquisitions in different sectors including auto components, auto retail, and aftersales. Additionally, partnerships and agreements are highly advancing the landscape of the automotive industry. These strategic collaborations between the automakers support the advancement of new manufacturing facilities, by making use of each other's expertise in manufacturing new and innovative vehicles. Hence, the demand for exhaust hangers increases significantly in the forecast period.
Moreover, the manufacturing facilities will introduce more jobs and enable knowledge transfer, increasing per capita income and economic development which further raise the demand for vehicles and exhaust hangers. The automakers in the industry are also making heavy investments in developing the functioning of automobiles and advancing the procedure of production the same. The advancement in automotive ensures consumer safety and provides a smooth ride, influencing the growth of the global exhaust hanger market across the globe.
For instance, in August 2023, Ford announced a joint venture with Changan Automobile to develop its footprint in China. The joint venture enables Ford to sell models and to supply new energy passenger vehicles.
Government Policies and Initiatives Drive the Demand for Exhaust Hangers
The government is releasing different environmental sustainability standards and zero-emission norms require the usage of high-performance exhaust hanger materials to enable the efficient functioning of exhaust systems. Strict emission standards globally increase demand for exhaust hangers that provide a smooth ride and ensure environmental sustainability. Companies are also compelled to fulfill these policies by integrating safety features that foster the demand for exhaust hangers because they reduce stress and limit movement, contributing to a smoother and quieter ride. Moreover, to ensure consumer safety governments are initiating different policies, and companies are compelled to make effective use of exhaust hangers.
For instance, in January 2024, the Canadian Motor Vehicle Safety Act was announced to define safety regulations concerning importing and manufacturing motor vehicles. The main objective of this law is to integrate basic safety features in imported and manufactured vehicles to decrease the accident rates in Canada.
Passenger Car Dominates the Exhaust Hanger Market
The segment of passenger cars registers global market growth due to an increase in disposable income, economic development in developing countries of the Asia-Pacific region, and rapid advancement in safety features of passenger cars. The customization of passenger car vehicles and modifications in aftermarket drive the exhaust hanger material demand that gives a noiseless ride, high performance, and longevity. The rising market for passenger vehicle personalization and advancement in safety features presents different market growth opportunities for exhaust hanger material market players to modify and advance the products organized for owner preferences. The increase in production for passenger cars influences the need for exhaust hangers to keep the exhaust pipe in place.
For instance, in March 2023, Tata Motors announced an accomplishment of five million passenger cars production. The objective of Tata Motors is to enable engineering and tech-empowered automotive solutions offering the future of mobility.
Asia-Pacific Leads the Exhaust Hanger Market
The Asia-Pacific dominates the largest market revenue share in the exhaust hanger market. Economic development leads to the demand for vehicles which further drives the exhaust hanger market growth in the forecast period. The change in living standards of consumers and technological advancement in vehicles propels the need for exhaust hangers due to the rising trend of customization of vehicles. The exhaust hangers are essential for holding exhaust pipes and improving overall vehicle performance. It also prevents surplus vibration and decreases noise levels, raising the demand for exhaust hangers. The stringent emission standards, rising aim on sustainability, and heavy investments in advancing materials across developing countries of the region propel the growth of the Asia-Pacific exhaust hanger market growth. Companies in the Asia-Pacific are also increasing the production of vehicles to address the rising demand for vehicles which further boosts the demand for exhaust hangers in the forecast period.
For instance, in November 2023, Nexteer Automotive announced to capitalize on its footprint in Jiangsu, China by increasing manufacturing and testing capacity to address the rising demand from both domestic and global OEM customers across the Asia-Pacific.
Future Market Scenario (2024-2031F)
Advanced safety features and an increase in demand for passenger vehicles push the need for exhaust hangers for a better driving experience.
As environmental concerns push for more sustainable technological solutions, energy-efficient exhaust hangers will gain significance.
Advancement in manufacturing procedures and rising concern about damage at high speed, increasing in demand for exhaust hangers.
Exhaust hangers will adapt to different form factors to meet the needs of various customer segments.
Key Players Landscape and Outlook
Continuous innovation characterizes this landscape, as these companies compete to outperform one another in terms of durability, reliability, and unique features. The market scenario remains positive, owing to increased demand for passenger vehicles, and rising environmental sustainability concerns. Exhaust hanger manufacturers are concerned with supply chain resilience, efficiency, and environmental practices, which will likely define the industry's future. Collaborations and partnerships between automakers, new product development, and the development of safety features are anticipated to increase competition in this fast-paced market.
In July 2023, Maruti Suzuki announced the launch of its most expensive car, Invicto. This premium MPV offers a comfortable and luxurious driving experience to consumers.
In January 2024, Renault India announced its investment of USD 6.36 billion to launch five brand new cars in the next three years to address the rising demand for Renault models.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.