The global automotive exhaust muffler market is expected to witness a sluggish growth over the next five years. Limited application and lack of innovation is delaying the possibility of any significant progress of the market. At the same time, inflating cost is impacting the overall sales of the automotive exhaust mufflers. Moreover, the unavoidable backpressure is the greatest designing & technical fault of automotive exhaust mufflers, which makes it one of least favoured automotive components. Fact.MR’s latest report projects that the global market for automotive exhaust muffler will reach a valuation of around US$ 10,166.2 Mn by the end of 2022. Apart from its main function of reducing the noise emanated by the engine, automotive exhaust muffler can sometimes help in enhancing the vehicle’s fuel efficiency. The aforementioned factors are expected to play an important role in determining the future prospects of the market.
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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.
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.
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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.
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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