Adoption Scenario of Automotive Exhaust Muffler Market To Remain Positive Through 2022 - 2031 : Fact.MR

The global automotive exhaust muffler market is scheduled to expand at a CAGR of 6.2% from 2022 to 2032, reaching US$ 18,552.29 Mn in value by the end of the aforementioned forecast period. The market is rising on account of the heightening need to reduce emissions- noise or otherwise- from automotive exhaust systems.

From 2017 to 2021, the market experienced an incline at a CAGR of 2.7%. This sluggish trajectory was attributed to a general slowdown in the global automotive industry throughout 2019, combined with the recessionary outlook experienced as a result of the COVID-19 pandemic. As of 2020, the market reached US$ 9,638.98 Mn.

However, as the pandemic crisis acquires a milder dimension, the overall outlook of the global automotive industry is expected to take a turn for the better. While sales in most part are likely to recover on the back of rising EV popularity, conventional vehicle sales are not expected to lose significance. This sustained popularity of fossil fuel driven automobiles is largely expected to keep demand for automotive exhaust mufflers afloat across the coming decade.

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Key Segments Covered in the Automotive Exhaust Muffler Industry Report

By Product Type
Center Inlet
Dual Inlet
Offset Inlet
Center Outlet
Dual Outlet
Offset Outlet

By Sales Channel
OEM
After market

By Size Type
1 1/2 - 2 1/2 in. Inlet
2 1/4 - 2 in. Inlet
2.1 - 3 in. Inlet
3 - 5 in. Inlet

By Vehicle Type
Compact Passenger Cars
Mid-sized Passenger Cars
Premium Passenger Cars
Luxury Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

Key Takeaways from the Market Study

Global automotive exhaust muffler market to be valued at US$ 10,166.2 Mn by 2022-end

By product, center inlet automotive exhaust mufflers to accumulate 23% of the total revenue

U.K to emerge as an opportunistic market for automotive exhaust mufflers, expected to surge at a CAGR of 7.4%

China to be the fastest expanding market, clocking a CAGR of 8% from 2022 to 2032

Inlet automotive exhaust mufflers measuring 1 ½-2 ½ inches to stand at around US$ 2,047 Mn in 2022

Passenger cars to accumulate nearly US$ 3 Bn in value by 2022-end

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Competitive Landscape

The global automotive exhaust mufflers market is a highly fragmented market. Players are focusing on mergers, acquisitions and innovations. The recent developments in the automotive exhaust mufflers market.

BENTELER has joined forces with Maruyasu Industries, a maker of car parts, in November 2021. Companies collaborated to make combustion engines cleaner in order to help automobile manufacturers minimize pollutant emissions and meet upcoming requirements such as EU 7 and CN7 standards.

Faurecia bought uMist, a Swedish firm specializing in biomimetic spray technology, in September 2021. The business hoped that by acquiring this company, it would be able to accelerate its technological leadership in ultra-low emission commercial cars. Furthermore, this acquisition would allow the company to meet its goal of assisting OEMs in meeting stringent future emissions regulations for Internal Combustion Engines (ICE).

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What makes China an Important Market for Automotive Exhaust Mufflers Sales?

The Chinese market is predicted to grow at the fastest rate during the forecast period. This is largely due to China's tremendous growth of the automobile sector. Statistic suggest that the country's output was forecast to increase 10% in 2021, and by about 4% in 2022.

With mobility acquiring all the more importance in a post-pandemic world, the Chinese automotive industry is expected to witness prolific future developments. One of these is the transition towards electric mobility. Mounting emissions concerns from conventional automobiles is prompting automotive users to opt for more eco-friendly alternatives, boosting prospects for the electric vehicles market.

However, this does not mean that conventional automobile sales will cease completely. Consequently, demand for automotive parts, including exhaust mufflers, will continue enjoying a significant proportion in this East Asian giant. According to Fact.MR, the Chinese market is set to flourish at a CAGR worth 8% until 2032.

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