Global Automotive Mufflers Market – Overview
The global automotive muffler market was valued at USD 7.8 billion in 2020 and is expected to reach USD 12.40 billion by 2033, growing at a CAGR of 4.5% during the forecast period. A muffler or silencer is a device for reducing the noise emitted by the exhaust of an internal combustion engine especially a noise-deadening device forming part of the exhaust system of an automobile. They are made of steel and are coated with aluminum to provide protection from the heat and chemicals released from the exhaust system.
Report Scope
Report Attributes | Description |
Market Size in 2022 (Value) | USD 7,800 million |
Market Forecast in 2033 (Value) | USD 12,400 million |
CAGR % 2023-2033 | 4.5% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, material type and vehicle tyoe |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Faurecia; Friedrich Boysen; BENTELER International; Tenneco Inc.; Continental AG; Bosal; Eberspächer; FUTABA INDUSTRIAL CO., LTD.; Sejong Industrial Co., Ltd.; Yutaka Giken Company Limited |
The growing number of automobiles around the globe is the major factor that is boosting the growth of the market during the forecast period. Owing to the hectic schedule of the members of the family there exist more than one automobile in the houses of a majority of the families around the globe. The rising disposable income of the people is the major factor for the growth of the automobile sector and this factor is boosting the growth of the market during the forecast period. Apart from this, the growing population around the globe is also a factor for the growth of the market during the forecast period. Also, the stringent rules of the governments of various countries around the globe with respect to noise pollution of the vehicles is estimated to boost the growth of the market during the forecast period. However, the rising prices of the vehicles around the globe is estimated to hamper the growth of the market during the forecast period.
Global Automotive Mufflers Market – Market Trends
• The growing number of automobiles around the globe is the major factor that is boosting the growth of the market during the forecast period.
• The rising disposable income of the people is the major factor for the growth of the automobile sector and this factor is boosting the growth of the market during the forecast period.
• Also, the stringent rules of the governments of various countries around the globe with respect to noise pollution of the vehicles is estimated to boost the growth of the market during the forecast period.
Global Automotive Mufflers Market – Segmentation
The global automotive mufflers market is segmented on the basis of product type, vehicles type and material type.
Absorptive mufflers are designed to absorb the sound waves generated by the engine, using materials such as fiberglass or ceramic to reduce the noise level. These mufflers are often preferred for high-performance vehicles, where reducing noise without reducing engine power is critical.
The growth of the absorptive muffler market is driven by factors such as increasing demand for high-performance vehicles, growing concerns about noise pollution, and the development of new materials and technologies for mufflers. In addition, the trend towards electric and hybrid vehicles is expected to drive demand for new muffler designs and materials that can reduce noise in these vehicles.
Carbon fiber is a lightweight and durable material that is commonly used in high-performance vehicles to improve performance and reduce weight. In recent years, there has been an increasing trend towards the use of carbon fiber in automotive mufflers.
One of the main advantages of carbon fiber mufflers is their lightweight design, which can help to reduce the overall weight of the vehicle and improve fuel efficiency. Carbon fiber also has excellent acoustic properties, making it an ideal material for mufflers, as it can help to reduce noise levels without sacrificing performance.
Another trend in the use of carbon fiber in automotive mufflers is the development of new manufacturing techniques, such as 3D printing and automated layup processes. These techniques allow for more precise and efficient production of carbon fiber mufflers, while also reducing waste and improving cost-effectiveness.
In addition, there is a growing trend towards the use of carbon fiber in hybrid and electric vehicles, where reducing weight and improving efficiency are critical. Carbon fiber mufflers can help to reduce the weight of these vehicles while also improving their overall performance.
Overall, the use of carbon fiber in automotive mufflers is a growing trend, driven by the need to reduce weight, improve efficiency, and enhance performance. The development of new manufacturing techniques and the increasing use of carbon fiber in hybrid and electric vehicles are expected to drive further growth in the market.
Global Automotive Mufflers Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
India is one of the fastest-growing automotive markets in the world, and the demand for mufflers in the country is driven by factors such as increasing vehicle production, growing awareness of the harmful effects of noise pollution, and the need for noise reduction in densely populated urban areas.
One of the key trends in the Indian automotive muffler market is the adoption of stricter emission standards, such as Bharat Stage (BS) VI, which require vehicles to emit lower levels of pollutants. This has led to the development of new muffler technologies, such as selective catalytic reduction (SCR) and diesel particulate filters (DPF), which can help to reduce emissions and improve air quality.
Another trend in the Indian automotive muffler market is the increasing demand for quiet and comfortable vehicles, particularly in urban areas. This has led to the development of new muffler designs and materials, such as absorptive mufflers and noise-cancelling technologies, which can help to reduce noise levels in vehicles.
In addition, the trend towards electric and hybrid vehicles is expected to drive further growth in the Indian automotive muffler market. These vehicles require different muffler designs and materials to traditional petrol or diesel vehicles, and there is a growing need for new muffler technologies that can reduce noise levels while also improving performance and efficiency.
Overall, the Indian automotive muffler market is expected to continue growing in the coming years, driven by factors such as the adoption of stricter emission standards, the need for noise reduction in urban areas, and the growth of electric and hybrid vehicles. The development of new muffler technologies and materials is also expected to drive further growth in the market.
Global Automotive Mufflers Market – Key Market players
Faurecia: Faurecia is one of the world's leading automotive suppliers, and its muffler division offers a range of products including standard mufflers, absorptive mufflers, and catalytic converters. The company's strategy focuses on innovation and sustainability, with a focus on reducing emissions and noise levels while improving fuel efficiency. Faurecia has also been expanding its presence in emerging markets such as China and India, where demand for mufflers is growing rapidly.
Tenneco: Tenneco is another major player in the automotive muffler market, with a range of products that include mufflers, exhaust systems, and catalytic converters. The company's strategy is focused on technology and innovation, with a focus on developing new products and technologies that can improve performance, reduce emissions, and lower costs. Tenneco has also been expanding its global presence, particularly in emerging markets such as China and India.
Eberspacher: Eberspacher is a German company that specializes in automotive heating and cooling systems, as well as mufflers and exhaust systems. The company's strategy focuses on innovation and sustainability, with a focus on developing new technologies that can reduce emissions and noise levels while improving fuel efficiency. Eberspacher has also been expanding its global presence, particularly in Asia and North America.
Bosal: Bosal is a Belgian company that produces a range of automotive components, including mufflers, exhaust systems, and catalytic converters. The company's strategy focuses on quality and cost-effectiveness, with a focus on producing high-quality products that offer good value for money. Bosal has also been expanding its global presence, particularly in emerging markets such as India and China.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
§ Business Model
§ Production Capacity, Revenue, Sales, Gross Margin
§ Key Business Strategy
§ SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
§ Company Share Analysis from 2018-2022
§ Company Analysis by Revenue and Sales
§ Company Production Capacity, Gross Margin
§ Company Share Analysis by Application/End Use
§ Company Share Analysis by Product/Specification
Based on the product type, the market is segmented into
• Absorptive Mufflers
• Reactive Mufflers
Based on the material type, the market is segmented into
• Stainless steel
• Carbon fiber
• Aluminum
• Titanium
Based on the vehicles type, the market is segmented into
• Passengers
• LMV
• HMV
Companies
Faurecia
Friedrich Boysen
BENTELER International
Tenneco Inc.
Continental AG
Bosal
Eberspächer
FUTABA INDUSTRIAL CO., LTD.
Sejong Industrial Co., Ltd.
Yutaka Giken Company Limited
By Region
· North America
o U.S.
o Canada
o Mexico
· Europe
o Germany
o France
o UK
o Italy
o Spain
o Russia
o Rest of Europe
· Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
o ASEAN
o Rest of APAC
· South America
o Brazil
o Argentina
o Chile
o Rest of South America
· Middle East and Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of MEA
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