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Automotive Exhaust Muffler Sales are Poised to Incline at a CAGR of 6.2% by 2033: Fact.MR Analysis

06-21-2023 09:36 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

The market for automotive exhaust mufflers worldwide is anticipated to reach US$ 10,166.2 million in 2022 before increasing to US$ 18,552.29 million in 2032. The market for car exhaust mufflers is anticipated to expand at a CAGR of 6.2% from 2022 to 2032.

Countless counties' governing bodies are creating strict regulations to minimize car exhaust emissions in response to rising air pollution levels and growing environmental concerns. In order to reduce the overall environmental impact of automobiles, original equipment manufacturers (OEMs) are being encouraged to install advanced exhaust systems in them.

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Key Takeaways:

• By the end of 2022, the global automobile exhaust muffler market is expected to be worth US$ 10,166.2 million.
• By product, center inlet automobile exhaust mufflers are predicted to account for 23% of total revenue.
• The United Kingdom is expected to emerge as a lucrative market for automotive exhaust mufflers, with a CAGR of 7.4%.
• China will be the fastest-growing market, with a CAGR of 8% from 2022 to 2032.
• Inlet automotive exhaust mufflers sized 1 ½-2 ½ inches are expected to cost roughly $2,047 million in 2022.
• By the end of 2022, passenger cars will have amassed roughly $3 billion in worth.
Growth Drivers:
• Demand for automotive exhaust mufflers is predicted to remain stable over the next decade due to the continued popularity of fossil fuel-powered vehicles.
• Stringent Emission Regulations: Governments around the world are implementing increasingly strict regulations to curb vehicle emissions and reduce air pollution. Automotive exhaust mufflers play a critical role in reducing noise and controlling emissions by minimizing the noise and filtering harmful gases emitted from the engine. The need for compliance with these regulations drives the demand for advanced and efficient exhaust muffler systems.
• Rising Vehicle Production: The global automotive industry continues to witness significant growth in vehicle production. As the number of vehicles on the road increases, so does the demand for automotive exhaust mufflers. Original Equipment Manufacturers (OEMs) and aftermarket suppliers benefit from this growth as they provide exhaust muffler systems for newly manufactured vehicles and replacements for older ones.
• Increasing Demand for Noise Reduction: Noise reduction is an important aspect of vehicle design, particularly in passenger cars. Exhaust mufflers are designed to attenuate engine noise, vibrations, and harshness (NVH) to provide a quieter and more comfortable driving experience. As customer expectations for noise reduction increase, there is a growing demand for advanced exhaust muffler technologies that offer improved acoustic performance.
• Growing Preference for Performance Enhancement: Many automobile enthusiasts and performance-oriented consumers seek aftermarket solutions to enhance their vehicle's performance and sound. Aftermarket exhaust muffler systems are popular among this segment as they can improve engine power, fuel efficiency, and exhaust note. The demand for high-performance exhaust mufflers for sports cars and modified vehicles drives market growth in this segment.
• Technological Advancements: Advancements in exhaust muffler technology contribute to market growth. Manufacturers are investing in research and development to design mufflers that offer better flow dynamics, reduced backpressure, and improved acoustic performance. Innovations such as variable valve exhaust systems, active noise cancellation, and lightweight materials enhance the efficiency and performance of exhaust mufflers.
• Shift towards Electric Vehicles: As the market for electric vehicles (EVs) expands, the demand for traditional exhaust mufflers may decline. However, hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs) still incorporate internal combustion engines, which require exhaust mufflers. Additionally, the development of sound generation systems for EVs to meet regulatory requirements presents new opportunities for muffler manufacturers.
• Growing Automotive Aftermarket: The automotive aftermarket sector, which includes the sale of replacement parts and accessories, plays a crucial role in the exhaust muffler market. As vehicles age, exhaust mufflers may require replacement due to wear and tear, damage, or customization. The aftermarket segment provides opportunities for suppliers to offer a wide range of exhaust muffler options for various vehicle models.

Competitive Landscape

The global market for automobile exhaust mufflers is highly fragmented. Mergers, acquisitions, and innovation are the mainstays of the industry. The market for vehicle exhaust mufflers has recently changed.

• In November 2021, BENTELER partnered with Maruyasu Industries, an automotive components manufacturer. Companies worked to make combustion engines cleaner, assisting automakers in reducing pollutant emissions and meeting impending standards such as EU 7 and CN7.
• Eberspaecher is increasing its global reach by announcing the opening of a new facility in Brazil in September 2021. With this development, the business aimed to manufacture a complete exhaust after-treatment system as well as components for its new products, which included catalytic converters and mufflers for passenger cars and trucks.

Key Companies Profiled by Fact.MR

• Peugeot S.A. (Faurecia SA)
• Tenneco Inc.
• Eberspächer Gruppe GmbH & Co. KG
• Futaba Industrial Co. Ltd.
• Benteler International AG
• Friedrich Boysen GmbH & Co. KG
• Yutaka Giken Co., Ltd.
• Sejong Industrial Co., Ltd.
• Bosal Nederland B.V.
• Eminox Limited

More Valuable Insights on Automotive Exhaust Muffler Market

Fact.MR, in its new report, offers an unbiased analysis of the global automotive exhaust muffler market, analysing forecast statistics through 2022 and beyond. The survey reveals growth projections on in automotive exhaust muffler market with detailed segmentation:

• By Product Type
• By Sales Channel
• By Size Type
• By Vehicle Type
• By Region

Key Questions Covered in the Automotive Exhaust Muffler Market Report

• The market survey also highlights projected sales growth for automotive exhaust muffler market between 2022 and 2032
• The report offers insight into automotive exhaust muffler demand outlook for 2022-2032
• Automotive exhaust muffler market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
• Automotive exhaust muffler market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

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