Automotive Exhaust Muffler Market Proposals & Trends Leading to 2.7% CAGR till 2022

Fact.MR has recently added a new report to its vast online database. This research study is titled as “Automotive Exhaust Muffler Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.

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Functionality of an automotive exhaust muffler is limited to reducing noise from the engine, however, in some cases, it can influence the vehicle’s fuel efficiency. The component’s limited scope of application has undermined the prospects of its global market. Also, sales of automotive exhaust mufflers is taking a hit due to rising cost of the component. The unavoidable backpressure remains one of the most severe drawbacks of exhaust mufflers and continues to be a major engineering challenge for manufacturers. While exhaust muffler sufficiently allow release of gases produced by a vehicle, it compromises on the engine’s firing frequency. Factors as such are expected to deter the global demand for exhaust mufflers in the medium term. According to the latest report published by Fact.MR, the global automotive exhaust muffler is set to reflect a miniscule CAGR of 2.7% over the forecast period (2017-2022).

An automotive exhaust muffler (silencer) is an automotive component that reduces the noise emanated by the exhaust of an internal combustion engine. Automotive muffler is fitted within the exhaust system of a vehicle, though the component is not designed to assist any major exhaust function. There are two primary automotive exhaust muffler designs available in the market - absorptive mufflers and reflective or reactive mufflers. Most automotive exhaust mufflers comprise of a shell, baffle plates, non-perforated or perforated pipes, absorption materials and end plates. Exhaust muffler remains an indispensable soundproofing component in modern vehicles.

Global Automotive Exhaust Muffler Market: Key Projections

· Europe to dominate the global market for automotive exhaust muffler over the forecast period. The region is projected to command for the largest share of the global market in terms of revenue.

· Presence of a well-established automotive industry in Europe will continue to propel the market for automotive exhaust muffler in the region.

· Asia-Pacific excluding Japan (APEJ) is also expected to emerge as an attractive market for automotive exhaust muffler over 2022. The market in APEJ is projected to reflect a relatively faster CAGR as compared to other regions.

· In APEJ, China will remain a key market for automotive exhaust muffler owing to the robust expansion of the automotive sector in the country.

· On the basis of the product type, the center inlet segment will retain its top position over 2022. The segment currently accounts for more than 23% share of the global market in terms of revenue.

· After market is expected to remain largest sales channel for automotive exhaust muffler throughout the assessment period.

· The aftermarket sales channel segment currently represents for more than 67% revenue share of the market of the global market.

· Based on size, the 1 1/2 - 2 1/2 in. Inlet automotive exhaust muffler segment is estimated to stand at around US$ 2,047 Mn by the end of 2022, reflecting a CAGR of little under 3%. In terms of revenue, this segment currently commands for more than 19% share of the market.

· By vehicle, the compact passenger cars segment is projected to hold the predominant share of the global market during the forecast period. Towards the end 2022, the segment is estimated to surpass a valuation of US$ 2,787 Mn, reflecting a steady CAGR.

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Europe will Continue to Spearhead the Global Automotive Exhaust Muffler Market

In terms of revenue, Europe currently accounts for the largest share of the global market and is expected to maintain its leading position in 2017 and beyond. The region’s automotive exhaust muffler market is anticipated to witness a steady growth over the next couple of years. Meanwhile, the market in Asia-Pacific excluding Japan (APEJ) is expected exhibit the highest CAGR during the forecast period. This is primarily owing to robust expansion of the automotive sector in China.

Center Inlet Automotive Exhaust Mufflers will Remain Highly Desirable

Based on product type, demand for center inlet automotive exhaust mufflers will continue to gain traction. Currently, the sales of center inlet automotive exhaust mufflers account for over 23% revenue share of the global market and the figure is expected to remain steady throughout the assessment period.

Competition Tracking

Prominent players mentioned in the Fact.MR’s report include 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., and Eminox Limited.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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This release was published on openPR.