Automotive Muffler Market CAGR Status, SWOT Analysis, Share, Trends, Growth, Growth Opportunities, Top Key Players, and Forecast to 2023
September 25, 2020
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Sep 25, 2020 (The Expresswire) —
“Automotive Muffler Market”research provides actionable intelligence on major parameters impacting the market, analyses the market performance of key companies, market dynamics of key segments, outlines the market performance across global regions. The insights of the industry over the past 5 years and a forecast until 2023 is provided.
Our automotive muffler market analysis considers sales from both passenger vehicle and commercial vehicle applications. Our automotive muffler also considers the sales of automotive muffler in APAC, Europe, North America, South America, and MEA. In 2018, the passenger vehicle segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing vehicle production will play a significant role in the passenger vehicle segment to maintain its market position. Also, our global automotive muffler market report looks at factors such as increasing demand for CVs, increasing adoption of hybrid vehicles, and stringent regulations governing vehicular noise emissions. However, the high price of exhaust system components, increasing sales of EVs, and restriction on sale of ICE-based vehicles may hamper the growth of the automotive muffler industry over the forecast period.
Top Automotive Muffler Market Manufacturers/Key Players:
● BENTELER International AG ● Bosal Group ● Calsonic Kansei Corp. ● Dinex AS ● EberspÃ¤cher Group ● Faurecia SA ● Friedrich Boysen GmbH and Co. KG ● Sango Co. Ltd. ● Tenneco Inc. ● and Yutaka Giken Co. Ltd.
Market Driver: increasing adoption of hybrid vehicles
Market Trend: adoption of active exhaust systems
Market Challenge: increasing sales of EVs.
Increasing adoption of hybrid vehicles The hybrid vehicle technology is gaining popularity in the global automotive market as it is a cost-effective alternative for reducing fuel consumption and carbon emissions. Hybrid vehicles have a full-size ICE, along with an electric motor and a battery pack. Either the electric motor or the engine can be used to run the vehicle. The engine and electric motor can be operated at the same time for enhanced acceleration while driving. The incorporation of advanced exhaust systems in hybrid vehicles will lead to the growth of the global automotive muffler market at a CAGR of almost 4% during the forecast period. Adoption of active exhaust systems A growing emphasis on the development and installation of advanced exhaust systems and their components, including mufflers, due to the increase in stringency of regulations such as Euro 6, is contributing to the growth of the global automotive muffler market. The development of efficient exhaust systems that reduce emission levels significantly has reduced the noise levels of modern vehicles when compared with traditional vehicles. This development is expected to have a positive impact on the overall market growth.
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Market Segment by Regions, regional analysis covers
● North America ● Europe ● Asia-Pacific ● South America ● Middle East and Africa
The Study Objectives of Automotive Muffler Market Report Are:
● To analyse and study the market sales, Automotive Muffler market size, status and forecast (2019-2023). ● Focuses on the key Automotive Muffler manufacturers, to study the sales, value, market share and development plans in the future. ● Focuses on the global key manufacturers, to define, describe and analyse the market competition landscape, SWOT analysis. ● To define, describe and forecast the market by type, application and region. ● To analyse the global and key regions market potential and advantage, opportunity and challenge, restraints and risks. ● To identify significant market trends and factors driving or inhibiting market growth. ● To analyse the opportunities in the market for stakeholders by identifying the high growth segments. ● To strategically analyse each submarket with respect to individual growth trend and their contribution to the market ● To analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market ● To strategically profile the key players and comprehensively analyse Automotive Muffler market growth strategies.
The Research Document Will Answer the Following Questions Such as:
● What are the cutting-edge technologies responsible for driving the growth of the market? ● What are the main applications of the market? What are the Automotive Muffler market growth prospects of themarket applications in the market? ● At what stage of development are the key market products? ● What are the shortcomings that have to face to become commercially viable? Are their growth and commercialization dependent on cost declines or technological/application breakthroughs? ● What is the outlook for the industry? ● What difference do performance characteristics of Automotive Muffler create from those of established entities?
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Some TOC Points Covered in this Automotive Muffler Market Report are:
PART 04: MARKET SIZING • Market definition • Market sizing 2019 • Market size and forecast 2019-2023
PART 05: FIVE FORCES ANALYSIS • Bargaining power of buyers • Bargaining power of suppliers • Threat of new entrants • Threat of substitutes • Threat of rivalry • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT • Market segmentation by product • Comparison by product • Major household appliances – Market size and forecast 2019-2023 • Small household appliances – Market size and forecast 2019-2023 • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL • Market segmentation by distribution channel • Comparison by distribution channel • Offline – Market size and forecast 2019-2023 • Online – Market size and forecast 2019-2023 • Market opportunity by distribution channel
PART 09: GEOGRAPHIC LANDSCAPE • Geographic segmentation • Geographic comparison • APAC – Market size and forecast 2019-2023 • EMEA – Market size and forecast 2019-2023 • Americas – Market size and forecast 2019-2023 • Key leading countries • Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES • Market drivers • Market challenges
PART 12: MARKET TRENDS • Increased adoption of multi-functional and advanced products • Growing adoption of smart household appliances • Increase in MandA and strategic alliance activities • Other trends