Automotive Mufflers Market Provides Insight into Trends and Opportunities Driving Market Growth and Forecast to 2030 – Talking Democrat
Global Automotive Mufflers Market was valued at US$ 4.3 Billion in 2017 and is projected to reach US$ 8.9 Billion by 2026 at a CAGR of 9.52%.
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Muffler is a device that is mainly used to reduce the amount of noise or sound emitted by automobiles or any other machinery. The use of the muffler is the generally effective method of noise control in the automobile, where it is directly connected to the engine exhaust pipe.
The global automotive muffler market is expected to grow exponentially in the near future. The market is driven by growing environmental concerns and stringent exhaust noise laws are driving the automotive muffler market. The automotive muffler market increases the production of a two-wheeler. The growing market for electric motorcycles and electric scooters is the constraint of the market. The increase in customer base is expected to open up future growth opportunities for players in the global automotive mufflers market
The moped scooter segment is boosted by the strong demand for these vehicles in China, where the bulk of these cars are trade. The increase in the age of the vehicle population supports the aftermarket mufflers, leading the automotive muffler market. Rising R&D investment in many developing countries including India and China coupled with major two-wheeler manufacturers expanding their production capabilities in the Asia-Pacific region is expected to bolster the automotive muffler market In the region.
Regionally, North America has emerged as the largest region in the global automotive muffler market, followed by Asia-Pacific. Asia-Pacific being another leading region due to growing awareness of noise pollution and fuel consumption. China, India, and the Americas are expected to witness significant growth over the forecast period. The demand for motorcycles in the United States is growing at a rapid rate, which is expected to strengthen the market in the Americas.
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Major players operating in the global automotive mufflers market, Onyxautosilencer, Apexhaust, Faurecia, ASPO Ltd., THUNDER and Sango, Tenneco.
Scope of the Global Automotive Mufflers Market
Global Automotive Muffler Market, By Vehicle Type
Global Automotive Mufflers Market, By Sales Channel
Global Automotive Muffler Market, By Region
Middle East and Africa
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Key players operating in the global automotive mufflers market