According to FMI, the global automotive muffler market is projected to generate US$ 11,638.3 Million in 2022 and US$ 20,842.4 Million by 2032. The market is anticipated to grow at a CAGR of 6.0% from 2022 to 2032, the assessment period.
Manufacturers have developed new technologies that reduce the number of emissions from automobiles and improve the environment. Due to consumer and manufacturer views toward sustainability rising, there are more urgent demands for fuel-efficient and effective automobiles. Pollution mitigation is becoming increasingly important as the environment is being constantly degraded by pollution resulting from vehicle emissions.
| Market Size (2021) | US$ 10,698.3 Million |
| Market Size 2022 | US$ 11,638.3 Million |
| Market Size 2032 | US$ 20,842.4 Million |
| Value CAGR (2022 to 2032) | 6.0% |
An exhaust muffler or similar item is a component in an automotive exhaust system that reduces noise produced by an engine's exhaust. All conventional vehicles incorporate mufflers into exhaust systems. As mufflers optimize engine noise and increase efficiency, this trend is expected to drive the global market for automotive mufflers. Additionally, strict government regulations concerning noise pollution in different regions, including North America, Europe, and East Asia, are anticipated to propel the global market for automotive mufflers.
The analysis of automotive muffler demand from 2017 to 2021 showed a historical growth rate of value CAGR of 4.9% while continued Research and Development investments aimed at increasing EV manufacturing kept the business steady, prolonged lockdowns and social distance restrictions slowed expansion. Prominent automakers are stepping up their research in response to government concerns about pollution reduction goals, which might provide new revenue streams for companies that develop advanced exhaust systems for vehicles.
However, manufacturing activities in significant markets have resumed as a result of infection curves flattening starting in 2022. According to FMI's global automotive mufflers market demand forecast, the market is projected to grow at a value CAGR of 6.0% during the forecast period.
As worldwide emission standards tighten yearly, there is a growing desire for a reduction in exhaust gas emission standards. Due to a range of after-treatment systems, automotive original equipment manufacturers and exhaust system producers may regulate vehicle emissions to stay within legal limitations. These mixtures are driving the demand for exhaust systems and after-treatment machinery.
Mufflers aid in a vehicle's overall performance and are an essential part of vehicles and are available in wide formats which serve different purposes. While some mufflers are made with specialized designs for a specific variety of high-speed vehicles, others are made to completely silence engine noise. During the projection period, demand for mufflers is anticipated to rise in response to the increased need for optimal vehicle performance.
On other hand, as the e-commerce industry is growing, the logistics sector is also increasing vastly. This will result in more demand for heavy commercial vehicles and light commercial vehicles around the world. Thus the demand for mufflers will see a gradual increase in the forecasted period. These are the various factors that are anticipated to drive the global automotive mufflers market.
In recent years, sales and demand for electric cars have skyrocketed all around the world. It is caused by a number of factors, including a focus on sustainable development, a constantly shifting environment low emissions standards, and others. Additionally, compared to gasoline-powered automobiles, electric vehicles have a number of advantages that would draw in more demand. Electric vehicles being the most preferred option in the vehicles segment due to their several advantages is likely to impact the automotive muffler’s market.
CNG and LPG-powered vehicles are examples of clean-fuel vehicles. The running costs of CNG and LPG-powered vehicles are significantly lower than those of petroleum-based vehicles, making these vehicles cost-effective. Increasing demand for cost-effective and low-emission vehicles is driving up sales of CNG and LPG-powered automobiles. Clean fuel automotive has a significant impact on the market for exhaust systems and components such as mufflers. During the projected period, the market growth is anticipated to be constrained by the rising sales of clean-fuel automobiles.
Due to stringent government rules imposed on the automotive industry to reduce the noise pollution produced by the exhaust system, East Asia now accounts for the greatest share of the global market for automotive mufflers. Owing to increasing urbanization, higher living standards, and rising disposable income, demand for automotive vehicles is growing due to rising consumer preference for comfortable travel experiences. The East Asia automotive muffler industry is being driven by China's and Japan's robust vehicle demand.
North America accounted for more than 14% of the market because of stringent exhaust noise regulations and increasing environmental criteria. Due to the rapidly increasing demand for commercial vehicles in the USA, the North American market for automotive mufflers is anticipated to rise. As a result, it is projected that over the forecast period, the global market for car exhaust systems will grow at a significant CAGR.
Europe is also expected to experience exponential market growth due to the rising demand for commercial vehicles owing to the commerce and logistics industry. The existence of large manufacturing companies and the rapid improvement of technology in this region are further factors contributing to the expectation of market growth for vehicle mufflers. There are severe limitations on how much noise a vehicle may create due to the large number of vehicles on the road, and these limitations are continually tightening.
Key players operating in the Global Automotive Mufflers Market include Tenneco Inc., Onyxautosilencer, Friedrich Boysen GMBH & CO. KG, THUNDER, Bosal International N. V, Eminox, The Dinex Group, Faurecia, BENTELER International, Yutaka Giken Co., Ltd., Eberspächer, Munjal Auto Industries Limited, Harbin Airui Automotive Exhaust Systems Co. Ltd., AP Exhaust Products.
A few number of large-scale vendors have the lion's share of the global automotive mufflers market, which is moderately consolidated. Prominent key players in the automotive mufflers market have made considerable capital expenditures on research and development activities to produce new and improved goods. Product development and mergers & acquisitions are the main strategies used by the major players in the automotive mufflers market.
Along with gaining regulatory approvals, they also take part in mergers, acquisitions, and collaborations.
Eberspacher announced in October 2021 that it is boosting its operations in Brazil. From 2022, the business will build whole exhaust gas cleaning systems and parts for vehicles and trucks, including catalytic converters and silencers, under its subsidiary Purem by Eberspacher.
| Attribute | Details |
| Growth Rate | CAGR of 6.0% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Covered |
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| Customization & Pricing | Available upon Request |
In 2021, the value of the Global Automotive Mufflers Market reached over US$ 10,698.3 Million.
During the forecast period, the Global Automotive Mufflers Market is estimated to expand at a CAGR of 6.0% from 2022 to 2032.
The Global Automotive Mufflers Market is projected to reach US$ 20,842.4 Million by the end of 2032.
East Asia is projected to lead the Global Automotive Mufflers Market during the forecast period.
The key player operating in the Global Automotive Mufflers Market is Tenneco Inc. Onyxautosilencer, Friedrich Boysen GMBH & CO. KG, THUNDER, Bosal International N. V, Eminox, The Dinex Group, Faurecia Company, and others.
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Automotive Mufflers Market
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