Global Automobile Muffler Market Will Reach USD 6.41 Billion by 2022: Zion Market Research

According to the report, the global automotive muffler market accounted for USD 3.89 Billion in 2014 and is forecasted to surpass the USD 6.41 billion by 2022, growing at a CAGR of around 6.6% between 2017 and 2022.

Sarasota, FL, Sept. 21, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Automobile Muffler Market (Motorbike, Scooters & Moped, Snowbike, and Others) for OEM and Aftermarket: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022”. According to the report, the global automotive muffler market accounted for USD 3.89 Billion in 2014 and is forecasted to surpass the USD 6.41 billion by 2022, growing at a CAGR of around 6.6% between 2017 and 2022. 

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. 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.

Browse through 15 Market Tables and 29 Figures spread through 167 Pages and in-depth TOC on "Global Automobile Muffler Market: By Vehicle, Sales Type, Industry Size, Share and Forecast 2016 – 2022”.

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The global automobile muffler market is expected to grow exponentially in the near future. The market is driven by growing environmental concerns and stringent exhaust noise laws are driving the automobile mufflers market. Increasing customer base expected to open the future growth opportunities for the global automobile muffler market players. Additionally, growing market of the electric motorcycle and electrical scooter is expected to fuel the growth of the market over the forecast period.  

Automobile muffler market and can be segmented by vehicle types such as motorbike, scooters & moped, snowbike, and others. By sale type, 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.

North America emerged as the largest regional automobile muffler market and it accounted for 32.90% market share of total revenue generated in 2016. The dominance of North America is expected to be maintained in the years to come on account attributed to growing environmental concern and stringent exhaust noise laws. Consumer awareness regarding the benefits of automobile mufflers and awareness towards pollution are the key drivers for the North America automobile muffler market.

Browse the full "Automobile Muffler Market (Motorbike, Scooters & Moped, Snowbike, and Others) for OEM and Aftermarket: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022 " report at https://www.zionmarketresearch.com/report/automobile-muffler-market

The global automobile mufflers market is expected to grow at a significant growth rate over the forecast period, attributed to increasing demand for automobiles. The market is driven by environment concern and awareness towards noise pollution across the globe. In addition to this, growth in e-motorcycle and e-scooter market, large customer base expected to open the future growth opportunities to key players.

Asia Pacific is another leading regional market and is expected to show strong growth in the years to come. This growth is mainly attributed to increasing awareness about noise pollution and fuel consumption.

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Europe is expected to witness exponential growth in the near future on account of increasing awareness about e-motorcycles. Germany is expected to be among one of the major consumer countries in Western Europe. Eastern European countries such as Russia and Poland are projected to grow at a significant growth rate over the forecast period.

Latin America is another key region which is expected to exhibit noticeable growth over the forecast period. The automobile muffler market in the Latin America is led by Brazil. This is mainly due to increasing awareness and demand for automobile mufflers and e-vehicles. Middle East & Africa is estimated to witness steady growth during the forecast period.

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Some of the key players included in automobile muffler market are Onyxautosilencer, Apexhaust, Faurecia, ASPO Ltd., THUNDER and others.

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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
• The Middle East and Africa

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