Pune, India -- (SBWIRE) -- 08/20/2018 -- Strict exhaust noise laws to promote growth in the Automobile Muffler market over 2018 to 2024

Growing environmental concerns and strict exhaust noise laws are the major factors driving the automobile muffler market. Additionally, growing market for electrical scooter and electrical motorcycles are anticipated to boost the growth of the automobile muffler market over the forecast period. On the other hand, increasing demand for fuel-efficient vehicles and increase in advancement in material technology are anticipated to provide several opportunities for the growth of the automotive exhaust systems in the upcoming years.

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On the other hand, the prominent players are anticipated to reduce the price tensions produced by regional players with the establishment of the strong footprint can led to increased profits. Moreover, with the adoption of new technologies the automobile muffler market offers several benefits such as reduced carbon dioxide emissions and improved fuel consumption.

North America region to contribute to growth in the global Automobile Muffler market over the upcoming years

North America emerged as the largest region for the Automobile Muffler Market followed by Asia pacific. As Asia pacific is another leading region due to increasing awareness about the noise pollution and fuel consumption. Miss Pooja Baragale a research analyst at Infinium Global Research quoted that high demand for automobiles in India and china is anticipated to drive the automobile muffler market in Asia pacific regions. Pooja Baragale further quoted that growing environmental concerns and stringent exhaust noise laws are anticipated to maintain the dominance in the North American markets in the upcoming years. Moreover, Europe is anticipated to witness exponential growth owing to the increasing awareness about the electronic motorcycles.

Mergers and Acquisitions to remain key expansion strategies of the leading players in the Automobile Muffler market between 2018-2024.

The key players included in the automobile muffler market are Onyxautosilencer, Apexhaust, Faurecia, ASPO Ltd., THUNDER, and Faurecia. Additionally, Faurecia has heavily invested in research and development to retain its market positon.Increasing joint ventures and acquisitions have represented potential growth opportunities for automotive muffler market.

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Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global automobile muffler market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automobile muffler market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the automobile muffler market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the automobile muffler market to understand the present and future trends in this market and formulate their strategies accordingly.