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Automobile Muffler Market - Global Industry Analysis

Automobile Muffler Market (Motorbike, Scooters & Moped, Snowbike And Others) For OEM And Aftermarket: Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028

Published Date: 31-May-2021 Category: Automotive Report Format : PDF Pages: 167 Report Code: ZMR-2280 Status : Published

The Global Automobile Muffler market accounted for more than USD 5.6 Billion in 2020 and is expected to reach USD 8.3 Billion by 2028, growing at a CAGR of around 5.1% between 2021 and 2028.

Description

Market Overview     

The Global Automobile Muffler market accounted for more than USD 5.6 Billion in 2020 and is expected to reach USD 8.3 Billion by 2028, growing at a CAGR of around 5.1% between 2021 and 2028.    

An automobile exhaust muffler is a part that is utilized for reducing the sound transmitted by the engine of a vehicle. The Utilization of mufflers lessens pollution by allowing carbon gases to travel through the pipe quietly. Muffler’s area unit introduced on the pipe as a district to silent the exhausted noise. Moreover, the noise of the exhaust gas that's delivered from the motor at speedy is diminished by a progression of chambers mounted with fiberglass roving insulation, which helps in holding the sound by inflicting ruinous electric resistance, whereby inverse sound waves counteract each other. Consequently, the lower pollution with the help of mufflers is relied upon to elevate the world automobile muffler market within the close to future.

Features like reduced noise from the engines and increased fuel saving area unit expected to energize the world automobile mufflers market. However, its restricted use has subverted the probabilities of its worldwide market. Additionally, deals of mufflers are enduring a shot because of the increasing cost of the part. The unavoidable backpressure stays quite possibly the most extreme disadvantages of car mufflers and keeps on being a significant designing test for makers. While the exhaust muffler adequately permits the arrival of gases delivered by a vehicle, it settles on the motor's terminating recurrence. Factors as such are required to stop the worldwide interest in exhaust mufflers in the medium term.

Flouring auto-area across the globe, increasing vehicle demand in emerging nations, combined with creating governing situation is bringing about the selection of cutting-edge vehicle mufflers from makers which are central point expected to drive the development of the global market. Significant players center around business expansion through essential consolidation and securing to expand the client base and upgrade the product portfolio are among different factors expected to fragment the development of the target market.

COVID-19 Impact Analysis

The global automobile muffler market has witnessed a slight decline in the sales for short term to the lockdown enforcement placed by governments to reduce COVID spreading. This has affected the automobile market severely owing to the shutdown of the factories which has further disrupted the delivery and manufacturing of vehicles worldwide.

Due to lockdown, OEM has witnessed a sharp decline in sales of vehicles especially in APAC which has further resulted in supply chain disruptions and manufacturing halts of mufflers. The pandemic has unfavorably affected the consumer buying behavior concerning the automobile industry, consumer footfall has dropped drastically which has indirectly affected the sales of the muffler market. Various circumstances have been studied based on inputs from various secondary sources and the current data available about the situation.

Growth Factors

Factors such as players investing high for research and development activities (advancement in material innovation) along with the development of new & efficient components are escalating the market growth. Another significant factor adding to the development of the auto mufflers market incorporates the introduction of real drive emission (Rde) tests, exacting exhaust noise laws, and increasing ecological concerns is expected to support the revenue target in the automobile muffler market over the forecast period.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Vehicle Segment Analysis Preview  

Expanding R&D interests in several nations as well as India and China, combined with major leading two-wheeler makers increasing their production limits across the Asia Pacific is needed to bolster the muffler market around there. The marketplace for e-scooters and e-motorcycles is driven by attractiveness for these vehicles in China, wherever most of those vehicles area unit sold-out. The increasing age of the vehicle is supporting the secondary commerce for mufflers.

Sales Segment Analysis Preview  

OEM business has the most important market share within the automobile muffler market and is anticipated to stay dominant throughout the forecast amount. This is often attributed to the increase in income of people, fast urbanization at the side of rising shopper awareness concerning adverse effects of pollution on atmosphere and health is additionally dynamical the sales & production of mufflers across the planet.

Regional Analysis Preview

By geographical section, China, India, and therefore the US area unit anticipated witnessing important growth over the forecast amount. High demand for vehicles in India and China is driving the marketplace for automobile mufflers in the Asia Pacific. North America accounted for over 33% of the market share attributed to increasing environmental norms and demanding exhaust noise laws. in addition, demand for a bike within the US is increasing at a fast rate that is any expected to strengthen the market in the Americas. This, in turn, results in a healthy CAGR of the global automobile muffler market over the forecasting period 2021-2028.

Key Market Players & Competitive Landscape

Major market players of Automobile Muffler market comprise Onyxautosilencer, Apexhaust, Faurecia, ASPO Ltd., THUNDER and others.

The global Automobile Muffler Market is segmented as follows:

By Vehicle

  • Motorbike
  • Scooters & Moped
  • Snowbike
  • Others

By Sales

  • OEM
  • Aftermarket

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Application
        • 2.1.1.2. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Automobile Muffler Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3: COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4: Automobile Muffler Market – Vehicle Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Vehicle, 2020 & 2028
    • 4.2. Motorbike
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Scooters & Moped
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Snowbike
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Others
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5: Automobile Muffler Market – Sale Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Sales, 2020 & 2028
    • 5.2. OEM
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Aftermarket
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6: Automobile Muffler Market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Vehicle, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Sale, 2016 – 2028
      • 6.2.4. U.S.
        • 6.2.4.1. U.S. Market Revenue, By Vehicle, 2016 – 2028
        • 6.2.4.1. U.S. Market Revenue, By Sale, 2016 – 2028
      • 6.2.5 Rest of North America
        • 6.2.5.1. Rest of North America Market Revenue, By Vehicle, 2016 – 2028
        • 6.2.5.2. Rest of North America Market Revenue, By Sale, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Vehicle, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Sale, 2016 – 2028
      • 6.3.4. Germany
        • 6.3.4.1 Germany Market Revenue, By Vehicle, 2016 – 2028
        • 6.3.4.2 Germany Market Revenue, By Sale, 2016 – 2028
      • 6.3.5. UK
        • 6.3.5.1 UK Market Revenue, By Vehicle, 2016 – 2028
        • 6.3.5.2 UK Market Revenue, By Sale, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1 France Market Revenue, By Vehicle, 2016 – 2028
        • 6.3.6.2 France Market Revenue, By Sale, 2016 – 2028
      • 6.3.7. Rest of Europe
        • 6.3.7.1. Rest of Europe Market Revenue, By Vehicle, 2016 – 2028
        • 6.3.7.2. Rest of Europe Market Revenue, By Sale, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Vehicle, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Sale, 2016 – 2028
      • 6.4.4. China
        • 6.3.4.1 China Market Revenue, By Vehicle, 2016 – 2028
        • 6.3.4.2 China Market Revenue, By Sale, 2016 – 2028
      • 6.4.5 Japan
        • 6.4.5.1 Japan Market Revenue, By Vehicle, 2016 – 2028
        • 6.4.5.2 Japan Market Revenue, By Sale, 2016 – 2028
      • 6.4.6. India
        • 6.4.6.1 India Market Revenue, By Vehicle, 2016 – 2028
        • 6.4.6.2 India Market Revenue, By Sale, 2016 – 2028
      • 6.4.7. Rest of Asia Pacific
        • 6.4.7.1. Rest of Asia Pacific Market Revenue, By Vehicle, 2016 – 2028
        • 6.4.7.2. Rest of Asia Pacific Market Revenue, By Sale, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Vehicle, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Sale, 2016 – 2028
      • 6.5.4. Brazil
        • 6.5.4.1. Brazil Market Revenue, By Vehicle, 2016 – 2028
        • 6.5.4.2. Brazil Market Revenue, By Sale, 2016 – 2028
      • 6.5.5. Rest of Latin America
        • 6.5.5.1. Rest of Latin America Market Revenue, By Vehicle, 2016 – 2028
        • 6.5.5.2. Rest of Latin America Market Revenue, By Sale, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Vehicle, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Sale, 2016 – 2028
      • 6.6.4. Rest of Middle-East Africa
        • 6.6.4.1. Rest of Middle-East Africa Market Revenue, By Vehicle, 2016 – 2028
        • 6.6.4.2. Rest of Middle-East Africa Market Revenue, By Sale, 2016 – 2028
  • Chapter No. 7: Automobile Muffler Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technulogy Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Automobile Muffler Market: Company Market Share, 2019
      • 8.1.2. Global Automobile Muffler Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Automobile Muffler Market, Company Y-o-Y Growth, 2017 – 2028 (%)
      • 8.1.4. Global Automobile Muffler Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Apexhaust
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfulio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 10.1. Onyx Auto silencer
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 11.1. Faurecia
      • 11.1.1. Company Overview
      • 11.1.2. Key Executives
      • 11.1.3. Product Portfulio
      • 11.1.4. Financial Overview
      • 11.1.5. Operating Business Segments
      • 11.1.6. Business Performance
      • 11.1.7. Recent Developments
    • 12.1. ASPO Ltd.
      • 12.1.1. Company Overview
      • 12.1.2. Key Executives
      • 12.1.3. Product Portfulio
      • 12.1.4. Financial Overview
      • 12.1.5. Operating Business Segments
      • 12.1.6. Business Performance
      • 12.1.7. Recent Developments
    • 13.1. Thunder
      • 13.1.1. Company Overview
      • 13.1.2. Key Executives
      • 13.1.3. Product Portfulio
      • 13.1.4. Financial Overview
      • 13.1.5. Operating Business Segments
      • 13.1.6. Business Performance
      • 13.1.7. Recent Developments
    • 14.1. Sango
      • 14.1.1. Company Overview
      • 14.1.2. Key Executives
      • 14.1.3. Product Portfulio
      • 14.1.4. Financial Overview
      • 14.1.5. Operating Business Segments
      • 14.1.6. Business Performance
      • 14.1.7. Recent Developments
    • 15.1. Tenneco
      • 15.1.1. Company Overview
      • 15.1.2. Key Executives
      • 15.1.3. Product Portfulio
      • 15.1.4. Financial Overview
      • 15.1.5. Operating Business Segments
      • 15.1.6. Business Performance
      • 15.1.7. Recent Developments
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodulogy
    • 11.1. Research Methodulogy
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Automobile Muffler market. Zion Research has collected and analyzed key data belong to the global Automobile Muffler market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Automobile Muffler across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Automobile Muffler industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Automobile Muffler market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Silencer is also termed as muffler; the muffler is a device that is primarily used for reducing the amount of noise or sound emitted by the automobiles or any other machine. Usage of the muffler is the most effective method of noise control in automotive, where it is directly connected to the exhaust pipe of the engine. The effective way employed is the usage of the muffler, where it is directly connected to the exhaust pipe of the engine. Mufflers are to be installed along the exhaust pipe as a part of the exhaust system to reduce the exhausted noise. Different types of mufflers namely baffle type mufflers, resonance type mufflers, wave cancellation type, combines resonance, absorber type, and absorber type.

The government of various nations has been taking action on the excess sound of the vehicle to overcome the problem of noise pollution. The regulation is aimed at improving environmental protection and public safety and at ensuring a better quality of life and health, by reducing major sources of noise caused by vehicles.  Growing environmental concerns and stringent exhaust noise laws are driving the automobile mufflers market. The automobile muffler market is mainly dived into the motorbike, scooters & moped, snowbike, and others. Motorbike segment dominated the automobile muffler market with more than 36% of the overall market share in 2016 in terms of revenue.  In terms of value, scooters & moped segment held the second largest market share of the overall automobile muffler market in 2016.

Global-Automobile-Muffler-Market

The automobile muffler market can be segmented on the basis of vehicle types such as motorbike, scooters & moped, snow bike, and others. By sales type segmentation the automobile muffler market is segmented as OEM and aftermarket. Increasing R&D investments in various developing countries including India and China, coupled with major leading two-wheeler manufacturers expanding their production capacities across Asia Pacific is expected to strengthen the automobile muffler market in the region. The market for e-motorcycles and e-scooters is driven by high demand for these vehicles in China, where the majority of these vehicles are sold. Growing age of the vehicle population is supporting the aftermarket for mufflers.

By geographical segment, China, India, and Americas are anticipated to witness significant growth over the forecast period. High demand for automobiles in India and China is driving the market for automobile muffler in Asia Pacific. Demand for of motorcycle in the U.S. is increasing at a rapid rate which is expected to strengthen the market in Americas. This, in turn, results in healthy CAGR of the global automobile muffler market over the forecasting period 2016-2022.

Some of the key players included in automobile muffler market are Onyxautosilencer, Apexhaust, Faurecia, ASPO Ltd., THUNDER and others. This report segments the global automobile muffler market as follows:

Automobile Muffler Market: Vehicle Type Segment Analysis

  • Motorbike
  • Scooters & Moped
  • Snowbike
  • Others

Automobile Muffler Market: Sale Type Segment Analysis

  • OEM
  • Aftermarket

Automobile Muffler Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Frequently Asked Questions

The global Automobile Muffler Market was valued at USD 5.6 billion in 2020.

The global Automobile Muffler Market is expected to reach USD 8.37 billion by 2028, growing at a CAGR of 5.1% between 2021 to 2028.

Some of the key factors driving the global Automobile Muffler Market growth are, environmental concerns, reduction in engine noise and increasing need of efficient fuel vehicles.

Asia Pacific region held a substantial share of the Automobile Muffler Market in 2020. This is attributable to the increasing income and urbanization in the region. Latin America is another key region which is expected to exhibit noticeable growth over the forecast period.

Some of the major companies operating in Automobile Muffler Market are Onyxautosilencer, Apexhaust, Faurecia, ASPO Ltd., THUNDER and others.

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