Automotive Muffler Market by Application and Geography - 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.

Key Insights on Automotive Muffler Market - Global Forecast 2019-2023

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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.

Top Companies in Automotive Muffler Market

The global automotive muffler market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive muffler market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading automotive muffler manufacturers, 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.
• Yutaka Giken Co. Ltd.

Market Segmentation

Automotive Muffler Market by Application

• Passenger vehicle
• Commercial vehicle

The passenger vehicle segment will account for the highest automotive muffler market share. The rising volume sales of passenger vehicles especially in emerging countries will be one of the significant factors driving the growth of the automotive muffler market in this segment. This market research report provides an accurate prediction of the contribution of all the segments to the growth of the automotive muffler market size.

Automotive Muffler Market by Region

• APAC
• Europe
• MEA
• North America
• South America

With a complete study of the growth opportunities for the companies, it has been identified that the APAC region will account for the highest share of the automotive muffler market throughout the forecast period. Factors such as increasing vehicle production and the adoption of efficient exhaust systems with mufflers in vehicles will contribute to the automotive muffler market growth in this region.

Major Highlights of the Automotive Muffler Market - Global Forecast 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will decelerate the growth of the automotive muffler market during the next five years
• Precise estimation of the global automotive mufflers market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive muffler industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of automotive muffler companies

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