Market Dynamics

Flouring automotive sector across the globe, high passenger vehicle sale in emerging economies, coupled with developing regulatory scenario is resulting in adoption of advanced automotive mufflers from manufactures which are major factors expected to drive the growth of global market. In 2020, Hyundai a major automotive manufactures launched Creta with dual exhaust mufflers in China and Asia Pacific market.

Major players focus on business expansion through strategic merger and acquisition in order to increase the customer base and enhance the product portfolio are among other factors expected to segment the growth of target market.

• In 2019, Tenneco acquired Federal-Mogul Corporation a manufacturer and supplier of products for automotive, commercial, aerospace, marine, rail and off-road vehicles. This acquisition is expected to help the company to expand its presence and enhance the profit ratio.
• In 2020, Monro an American automotive service company acquired 18 stores, including 14 in Nevada and four in Idaho and nine stores in California with the approach towards strengthening its position in the North America market. This is expected to help the company to increase the customer based and enhance the increase the profit.

In addition, players investing high for R&D activities, introduction of new products, coupled with inclination towards strategic partnerships and agreements are among other factors expected to further support the growth of target market.

• In 2020, Walker announced Walker Quiet-Flow® SS stainless-steel mufflers as a replacement to the previous fitted cars. This product launch is expected to strengthen the company position in North America and enhance the customer base.
• In 2018, Taicang Sejong Auto Parts Co., Ltd signed a contract with Changan Automobile in order to supply mufflers worth USD 101.8 million to the Chinese automaker. The products are designed for 3 new models whose mass production is slated to begin in 2019.

However, factors such as high cost associated to product and complexity in design structure at low cost are expected to hamper the growth of global automotive muffler market. In addition, increasing sale of electric vehicles and global harmonization of emission regulations are other factors expected to challenge the growth of target market.

High investment by major players for R&D activities and development of advanced exhaust heat recovery system are factors responsible to create new opportunities for players operating in target market over the forecast period. In addition, introduction of real drive emission (Rde) tests is another factor expected to further support the revenue traction of target market.

Automotive Muffler Market Segment Analysis, 2019

The global automotive muffler market is segmented into product type, material type, sales channel and vehicle type. The material type segment is further bifurcated in to stainless steel, carbon fiber, aluminum and titanium. Among vehicle type the passenger cars is expected to account for significant revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for significant revenue share owing to stringent government regulation related to environment pollution and vehicle sound. In addition, presence of major player operating in the target market and innovative product offerings are among other factors expected to further support the growth of target market.  

Asia Pacific is expected to witness faster growth in the near future owing to increasing passenger vehicle sale. In addition, developing regulatory standards and players inclination towards developing countries in order to increase the profit share is another factor expected to further support the growth of regional market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

The market research study on “Automotive Muffler Market (Product Type: Absorptive and Reactive Mufflers; Material Type: Stainless Steel, Carbon Fiber, Aluminum, and Titanium; Sales Channel: Original Equipment Manufacturer (OEM) and Aftermarket; Vehicle Type: Two-wheelers, Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global automotive muffler market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global automotive muffler market segment by product type, material type, sales channel, vehicle type and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global automotive muffler market size and segment markets by product type, material type, sales channel, vehicle type and geography along with the information on companies operating in the market. The automotive muffler market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Bosal Group, Calsonic Kansei Corp., Dinex AS, BENTELER International AG, Eberspächer Group, Faurecia SA, Friedrich Boysen GmbH & Co. KG, Sango Co. Ltd., Tenneco Inc., and Yutaka Giken Co. Ltd.

Market Segmentation

Market By Product Type

• Absorptive
• Reactive Mufflers

Market By Material Type

• Stainless Steel
• Carbon Fiber
• Aluminum
• Titanium

Market By Sales Channel

• Original Equipment Manufacturer (OEM)
• Aftermarket

Market By Vehicle Type

• Two-wheelers
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Market By Region

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa