Automotive Muffler Market by Application and Geography - Global Forecast and Analysis 2019-2023
The global automotive muffler market size will grow by USD 2.91
billion during 2019-2023. This market report provides a detailed
analysis of the market by application (passenger vehicle and commercial
vehicle) and geography (APAC, Europe, MEA, North America, and South
America). Also, the report analyzes the market’s competitive landscape
and offers information on several market vendors, including BENTELER
International AG, Bosal Group, Calsonic Kansei Corp., Dinex AS,
Eberspächer Group, Faurecia SA, Friedrich Boysen GmbH & Co. KG,
Sango Co. Ltd., Tenneco Inc., and Yutaka Giken Co. Ltd.
According to the automotive muffler market forecast report, the rising adoption of hybrid vehicles will also be one of the significant factors contributing to the growth of the market. The demand for hybrid vehicles is growing because of its several advantages, including enhanced fuel efficiency, lower emissions, and increased driving range. Stringent vehicle emission regulations by regulatory bodies and incentives and tax credits supporting the purchase of green vehicles will further boost the adoption of hybrid vehicles. New models of hybrid vehicles are increasingly being incorporated with advanced exhaust systems. The demand for hybrid vehicles has also encouraged automotive exhaust system manufacturers to provide aftermarket exhaust systems to hybrid vehicle manufacturers. With a high demand for hybrid vehicles, the demand for advanced exhaust systems with mufflers will also grow. Although the growth momentum of the automotive muffler market will decelerate, it will continue to register a CAGR of almost 4% during the forecast period.
Key Insights on Automotive Muffler Market - Global Forecast 2019-2023
Browse ToC and LoE with selected illustrations and example pages of Automotive Muffler Market
Industry Overview
The adoption of active exhaust systems has been identified as one of the critical automotive muffler market trends. Stringent regulations, such as Euro 6 have driven leading automotive exhaust system manufacturers to develop active exhaust systems and components, including mufflers. Active exhaust systems are highly efficient in reducing emission levels and allow the drivers to adjust the noise levels according to the requirements of the occupants of the vehicle. For instance, active exhaust system incorporated in the 2018 Ford Mustang uses devices, such as mufflers to provide multiple sound settings, from mild to moderately loud volumes. The rising demand for technologically advanced exhaust systems will further boost the demand for active exhaust systems and consequently fuel the expansion of the automotive mufflers market throughout the next five years.According to the automotive muffler market forecast report, the rising adoption of hybrid vehicles will also be one of the significant factors contributing to the growth of the market. The demand for hybrid vehicles is growing because of its several advantages, including enhanced fuel efficiency, lower emissions, and increased driving range. Stringent vehicle emission regulations by regulatory bodies and incentives and tax credits supporting the purchase of green vehicles will further boost the adoption of hybrid vehicles. New models of hybrid vehicles are increasingly being incorporated with advanced exhaust systems. The demand for hybrid vehicles has also encouraged automotive exhaust system manufacturers to provide aftermarket exhaust systems to hybrid vehicle manufacturers. With a high demand for hybrid vehicles, the demand for advanced exhaust systems with mufflers will also grow. Although the growth momentum of the automotive muffler market will decelerate, it will continue to register a CAGR of almost 4% during the forecast period.
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