Automobile Muffler Market Poised to Grow at a CAGR of 8.7%by 2024
Infinium Global Research has added a new report on Automobile Muffler Market. The
report presents analysis of global as well as regional markets of automobile
muffler market over the period of 2016 to 2024. Automobile muffler is a device that is primarily
used for reducing the amount of noise-emitted from the machine. The muffler is
an important part of your exhaust system. Additionally, the most effective
method of noise control in the automotive industry is the usage of mufflers.
Mufflers are installed along with exhaust system to reduce the exhausted noise.
Growing environmental concerns and strict exhaust noise laws are
the major factors driving the automobile muffler market. Additionally, growing
market for electrical scooter and electrical motorcycles are anticipated to
boost the growth of the automobile muffler market over the forecast period. On
the other hand, increasing demand for fuel-efficient vehicles and increase in
advancement in material technology are anticipated to provide several
opportunities for the growth of the automotive exhaust systems in the upcoming
years. On the other hand, the prominent players are anticipated to reduce the
price tensions produced by regional players with the establishment of the
strong footprint can led to increased profits. Moreover, with the adoption of
new technologies the automobile muffler market offers several benefits such as
reduced carbon dioxide emissions and improved fuel consumption.
Among the geographies, North America emerged as the largest region
for the automobile muffler market followed by Asia pacific. As Asia pacific is
another leading region due to increasing awareness about the noise pollution
and fuel consumption. Moreover, high demand for automobiles in India and china
is anticipated to drive the automobile muffler market in Asia pacific regions.
On the other hand, growing environmental concerns and stringent exhaust noise
laws are anticipated to maintain the dominance in the North American markets in
the upcoming years. Moreover, Europe is anticipated to witness exponential
growth owing to the increasing awareness about the electronic motorcycles. The
key players included in the automobile muffler market are Onyxautosilencer,
Apexhaust, Faurecia, ASPO Ltd., THUNDER, and Faurecia. Additionally, Faurecia
has heavily invested in research and development to retain its market
positon.Increasing joint ventures and acquisitions have represented potential
growth opportunities for automotive muffler market, Moreover, the
growth matrix presented by Infinium Global Research identifies the key
investment markets in the near future, this will not only help the companies to
understand the competitive position in the global automobile muffler market but
also make strategic decisions to capture the most lucrative markets in the near
future. The market size is presented in terms of value for the historic year
2016 and estimated for forecast period of 2018-2024.
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The recent report identified that dominated the global automobile muffler
market over the last couple of years, while emerging markets of Asia-Pacific
and Latin America are anticipated to contribute significantly to the growth in
the automobile muffler market worldwide.
The report segments the global automobile muffler
market on the basis of Product Type, Sales Channel, Vehicle Type and Fuel Type.
Global Automobile Muffler Market by Product
Global Automobile Muffler Market by Sales
Global Automobile Muffler Market by Vehicle
Global Automobile Muffler Market by Fuel Type
Companies Profiled in the Report
Friedrich Boysen GmbH & Co. KG
Benteler International AG
Futaba Industrial Co., Ltd.
Yutaka Giken Co., Ltd.
SANGO Co., Ltd
Bosal International N.V
Harbin Airui Automotive Exhaust Systems Co.
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