According to the latest report published by FactMR, the global automotive exhaust muffler is set to reflect a miniscule CAGR of 2.7% over the forecast period (2017-2022).
Rockville, MD -- (SBWIRE) -- 04/16/2019 -- In order to dissert the market scenario prevailing across the automotive exhaust muffler market sector, FactMR has evenly presented a new examination titled "Automotive Exhaust Muffler Market Expected To Achieve A Sustainable Growth by 2022 | Key Players are Yutaka Giken Co. Ltd., Sejong Industrial Co. Ltd., Bosal Nederland B.V., etc.", to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the automotive exhaust muffler market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.
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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.
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.
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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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 FactMR'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.
Table of Content:
Global Automotive Exhaust Muffler Market - Executive Summary
Global Automotive Exhaust Muffler Market Overview
2.1.1. Global Automotive Exhaust Muffler Market Taxonomy
2.1.2. Global Automotive Exhaust Muffler Market Definition
2.2. Global Automotive Exhaust Muffler Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Exhaust Muffler Market Y-o-Y Growth
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