Automotive Exhaust Muffler Market

Global Automotive Exhaust Muffler Industry Outlook (2022-2032)

The global automotive exhaust muffler market is anticipated to reach US$ 10,166.2 Mn in 2022, expected to reach US$ 18,552.29 Mn by 2032. Across the 2022-2032 assessment period, the market is expected to surge at a CAGR of 6.2%.

Attributes	Details
Market Size (2022)	US$ 10,166.2 Mn
Value CAGR (2022-2032)	6.2% CAGR
Market Size (2032)	US$ 18,552.29 Mn
Key Companies Profiled	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. Eminox Limited

As of 2020, the market was valued at US$ 9,638.98 Mn. The industry represented a Y-o-Y incline worth 2.7% in 2021, reaching a value of US$ 9,899.08 Mn. Center inlet automotive exhaust muffler systems are expected to account for 23% of global revenue.

2017-2021 Automotive Exhaust Muffler Revenue Analysis vs. Future Outlook 2022-2032

According to Fact.MR’s projections, sales of automotive exhaust mufflers registered sluggish growth- surging at a 2.7% CAGR from 2017 to 2021. The component’s limited scope of application limited the prospects of its expansion. Also, sales are taking a hit due to the rising cost of the component.

In the recent past, the global automotive exhaust systems market also contracted due to recessionary trends in the automotive industry throughout 2019 and a further COVID-19 pandemic-induced shutdown. There were significant gaps in the demand-supply relationship for automobile output in two critical markets: China and the United States.

Despite protracted lockdowns and social distance limitations dampening growth, the industry remained generally stable amid ongoing R&D investments aimed at increasing EV manufacturing. Taking advantage of government worries about pollution reduction objectives, major automakers are accelerating EV research, potentially opening up new income streams for vehicle exhaust system producers. Hence, prospects appear quite optimistic, registering a CAGR of 6.2% from 2022 to 2032.

How is the Increasing Environmental Consciousness Influencing the Automotive Exhaust Muffler Market?

The need for efficient and high-performance automobile vehicles has increased as customers' and manufacturers' attitudes toward sustainability have shifted. Because of the high amount of emissions from automobiles, the environment's state is fast deteriorating. Customers' concerns have prompted manufacturers to develop devices that can decrease emissions and purify the gases created by fuel combustion.

Increasing Adoption of Electric Car Hampering the Automotive Exhaust Muffler Industry’s Growth?

Electric car demand and sales have increased dramatically in recent years across the world. It is due to a variety of causes such as a strong emphasis on sustainable development, continuously changing environmental circumstances, high levels of air pollution, and so on. Furthermore, electric vehicles offer various advantages over gasoline-powered vehicles, which would attract more buyers. Electric vehicles emit no pollutants, making them a superior choice for environmentally friendly driving.

Catalyst Advancements in the Automobile Industry is a Key Opportunity for the Market Players?

The major players are boosting their investments in research and development (R&D) programmes to create more efficient exhaust systems. As a result, they are including mass dampers and decoupling devices to avoid significant deflections from exhaust systems and to prevent vibrations from entering the car interior as auditory pulses.

They are also working to improve passenger ride comfort while also extending the life of the exhaust system. This is expected to provide manufacturers with profitable prospects to grow their consumer base in the future.

What are the Key Trends in the Automotive Exhaust Muffler Market?

Several vehicle exhaust system producers are boosting their investments in the advancement and development of the most recent catalysts. The use of a three-way catalyst can assist in limiting the released pollutant from the vehicle at 100% efficiency in conversion at its operational temperature, which is typically over 400oC, which is greater than the temperature of traditional systems. Many firms are heavily invested in the development of such improved catalysts since they are critical components of exhaust systems.

Country Wise Analysis

What are the Growth Prospects for Automotive Exhaust Mufflers Market in the U.K?

UK presently holds the highest share of the worldwide market and is anticipated to keep its dominance in 2022 and beyond. Fact.MR forecasts the region to surge at a noteworthy CAGR of 7.4% through 2032. Growing emphasis on phasing out carbon emissions is the primary growth catalyst for the market.

Studies suggest that the U.K is committed to reach net zero carbon emissions by 2050, delivering significant and sustained emissions reductions along the way under their carbon budgets. Removing all tailpipe emissions from road vehicles remains critical to decarbonizing transport.

In total, road transport emissions from road vehicles are responsible for 91% of the U.Ks annual domestic transport CO2 emissions. Cars and vans alone are responsible for 70% of that total number. As announced in the country’s Prime Minister's Ten Point Plan for a Green Industrial Revolution, the country aims to reduce or stop sale of new petrol or diesel powered cars in 2030. Also from 2035, all tailpipe emissions need to be almost zero. Considering these developments, the market for automotive exhaust mufflers is poised to grow.

What makes China an Important Market for Automotive Exhaust Mufflers Sales?

The Chinese market is predicted to grow at the fastest rate during the forecast period. This is largely due to China's tremendous growth of the automobile sector. Statistic suggest that the country’s output was forecast to increase 10% in 2021, and by about 4% in 2022.

With mobility acquiring all the more importance in a post-pandemic world, the Chinese automotive industry is expected to witness prolific future developments. One of these is the transition towards electric mobility. Mounting emissions concerns from conventional automobiles is prompting automotive users to opt for more eco-friendly alternatives, boosting prospects for the electric vehicles market.

However, this does not mean that conventional automobile sales will cease completely. Consequently, demand for automotive parts, including exhaust mufflers, will continue enjoying a significant proportion in this East Asian giant. According to Fact.MR, the Chinese market is set to flourish at a CAGR worth 8% until 2032.

Category Wise Insights

Center Inlet Automotive Exhaust Mufflers will continue to be in high demand

Demand for centre inlet automotive exhaust mufflers will continue to grow based on product type. Currently, sales of centre inlet automotive exhaust mufflers account for more than 23% of the worldwide market's revenue, and this number is predicted to stay stable during the evaluation period.

Competitive Landscape

The global automotive exhaust mufflers market is a highly fragmented market. Players are focusing on mergers, acquisitions and innovations. The recent developments in the automotive exhaust mufflers market.

• BENTELER has joined forces with Maruyasu Industries, a maker of car parts, in November 2021. Companies collaborated to make combustion engines cleaner in order to help automobile manufacturers minimize pollutant emissions and meet upcoming requirements such as EU 7 and CN7 standards.
• Faurecia bought uMist, a Swedish firm specializing in biomimetic spray technology, in September 2021. The business hoped that by acquiring this company, it would be able to accelerate its technological leadership in ultra-low emission commercial cars. Furthermore, this acquisition would allow the company to meet its goal of assisting OEMs in meeting stringent future emissions regulations for Internal Combustion Engines (ICE).

Key Segments Covered in the Automotive Exhaust Muffler Industry Report

• By Product Type

  • Center Inlet
  • Dual Inlet
  • Offset Inlet
  • Center Outlet
  • Dual Outlet
  • Offset Outlet

• By Sales Channel

  • OEM
  • After market

• By Size Type

  • 1 1/2 - 2 1/2 in. Inlet
  • 2 1/4 - 2 in. Inlet
  • 2.1 - 3 in. Inlet
  • 3 - 5 in. Inlet

• By Vehicle Type

  • Compact Passenger Cars
  • Mid-sized Passenger Cars
  • Premium Passenger Cars
  • Luxury Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles