Global Muffler Hanger Market Study Analysis: Adoption Of Hybrid Vehicles Will Boost The Growth Of Market In Forecasting Period

The Global Muffler Hanger Market was estimated to be $ Billion in 2028 and is anticipated to grow at a CAGR of more than 4.58% from 2021 to 2028. An automotive exhaust system is a piping system that is used to exhaust gases away from combustion inside an engine. The exhaust systems are fitted in automobiles to emit burned gases to the back of the vehicle and decrease the sound of engine combustion. The major components of exhaust systems are exhaust manifolds, oxygen sensors, catalytic converters, resonators, exhaust pipes, mufflers, and tailpipes. A muffler is a component of a vehicle exhaust system. A muffler is a device that attenuates the sound waves traveling from the engine. The muffler hangers are rubber loops or a combination of rubber and steel. There are two types of muffler, one uses baffled chambers to reduce noise, and the other forces the exhaust straight through a perforated pipe that contains metal, fiberglass, or some other kind of sound-absorbing material. The muffler hanger is fitted in exhaust systems where there is high heat emission so the muffler hanger must be made of substances that have high heat resistance properties. The most suitable compounds for muffler hangers are Ethylene Propylene Diene Monomer (EPDM) and Silicone rubber. Ethylene Propylene Diene Monomer are can provide heat resistance maximum temperature of 130°C. The other properties of EPDM that make it feasible for use in muffler hangers are resistance to environmental factors such as Ozone, UV, and general weathering. Silicone Rubber is an inorganic compound made of carbon, hydrogen, and oxygen. The silicone rubber can keep its physical properties up to 230°C and some can withstand up to 270°C. Silicone rubber has longer life which results in less replacement and downtime costs. The advancements in muffler hanger material, increasing demand for fuel-efficient vehicles, and advancements in the automotive sector are expected to boost the muffler hanger market growth.

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Global Muffler Hanger Drivers:
The major factors that have impacted the growth of the Muffler Hanger Market are growing environmental concerns which demand energy-efficient and environmentally healthy muffler hangers, growing adoption of a hybrid vehicle, and others.

Growing environmental concerns:
There is a diverse growth in the production of commercial and passenger vehicles all over the world. Various R&D activities are going on for the development of efficient muffler hangers for vehicles. The increased focus on the development of technologies that can reduce growing environmental problems and the health hazards associated with the emission of toxic gases discharged from a vehicle is boosting the muffler hanger market. The government all over the world is trying to minimize carbon emissions and increase fuel efficiency due to which the manufacturers are working on vehicle improvement, and are utilizing advanced and eco-friendly technologies that are estimated to contribute towards the growth of the muffler hanger market.

Growing adoption of hybrid vehicles:
The growing focus on Modern drive technology to reduce the emission level of vehicles is gaining popularity among consumers. Hybrid vehicle technology being the prominent adopter of exhaust gas heat recovery system is gaining popularity among customers as it is cost-effective, reduce emission and fuel consumption. Also, the government rules and regulations towards green vehicles technology and restrictions over fuel emissions and fuel efficiency, tax credits, and incentive legislations are backing the growing adoption rate of hybrid vehicles. The growth of the hybrid vehicle market is expected to drive the automotive muffler hanger market’s growth.

Impact Of COVID-19 on the Muffler Hanger Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Muffler Hanger Market Segments:
The global Muffler Hanger market is further segmented into type, exhaust pipe type, vehicle type, and geography.
By Type: Band Clamps, Strap Clamps, V-Band Clamps, U-Bolt Clamps, Collar Clamps, and Others
By Exhaust Pipe Type: H Pipes, Tail Pipes, Side Pipes, Single Downpipe, Down Pipes, and Others
By Vehicle Type: Passenger Vehicles and Commercial Vehicle

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)

The Asia Pacific is expected to dominate the muffler hanger market due to high automobile production and technical advancements. Moreover, the low-cost labor and favorable working environment may supplement muffler market growth. North America is expected to notably contribute to the muffler-hanger market growth owing to the growing government regulations regarding the emissions of harmful gases. Europe is expected to have a higher share in muffler hanger market due to the environmental reforms regulated by European Commission and various governments are taking various initiatives.

Key Players of Global Muffler Hanger Market:
• ABB
• Förch
• Ottawa Products
• MIKALOR Hose Clamp
• The Viking Corporation
• NORMA Group
• Tectran Manufacturing
• Tenneco
• Subhlakshmi Engineering Works
• Western Tydens

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Muffler Hanger Market
• Value Chain Analysis of Global Muffler Hanger Market
• What is the CAGR of the Global Muffler Hanger Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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