Global Automotive Silencer Market: Industry Analysis and Forecast 2020 -2026
Global Automotive Silencer Market is anticipated to reach US$ 130.16 Bn by 2026 from US$ XX Bn in 2019 at a CAGR of XX % during a forecast period.
Global Automotive Silencer Market Overview
Automotive Silencer is fitted in the vehicle exhaust, which reduces the noise produced by the internal engine combustion during the process. Many countries have made it mandatory to install Automotive Silencer in vehicles according to traffic regulations. The Automotive Silencer is gaining demand from the Aftermarket and OEM channels due to an increase in the number of vehicle production. Thus, the demand for Automotive Silencer Market is expected to grow by 7 to 9% during the forecast period.
The report covers the detailed analysis of the Global automotive silencer industry with the classifications of the market on the basis of type, application and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
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The report has profiled sixteen key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. The manufacturing environment in each region is different and focus is given to the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.
Global Automotive Silencer Market Dynamics
The traffic regulations enacted by different countries made it mandatory to install silencer in vehicles are expected to fuel the market of automotive silencer globally. Similarly, an environmental concern made manufacturers develop silencers with binders and fibers in order to trap emission particles. Also, composite materials like glass fiber, carbon fiber, stainless steel are used by automakers to reduce corrosion as corroded silencers have a high chance of failure.
Developed countries are working together to reduce the emission of pollutants where the U.S has signed the Kyoto Protocol, which binds the countries in order to reduce greenhouse gas emission. Likewise developed countries like India and China are experiencing rapid growth in the automotive industry. Thus these factors are expected to drive the demand of the automotive silencer market during the forecast period.
The increase in production and demand for electric vehicles like hybrid and plug-in hybrid electric vehicles are expected to hinder the growth of the automotive silencer market as battery electric vehicles don’t have internal combustion engine and silencer.
Global Automotive Silencer Market Segmentation Analysis
By Vehicle Type, the passenger vehicles hold two-third of the total demand in the Automotive Silencer Market, which includes economy cars, compact cars, minivans, SUVs, and premium and luxury cars. Manufacturers are mainly investing in new technologies of vehicles, which has led to the growth of the automotive sector and thereby Automotive Silencer Market.
Increase in demand for advanced features, rise in the standard of living, increasing purchasing power capacity, rise in per capita income of individuals, increasing industrialization, changing way of life and high disposable income are some of the factors for the growth of the Automotive Silencer Market globally. The growing interest of consumers towards safety, premium, luxury and comfortable vehicles is expected to drive the growth Automotive Silencer Market during the forecast period.
By Sales Channel, the demand for automotive exhaust silencer has increased in the replacement market and in-unit instalments. Thus the demand for automotive exhaust silencer is growing with the increase in the vehicle fleet of all categories. The SCR technology of aftermarket is used widely in Europe and North America due to the large adoption rate of diesel passenger cars and LCVs. Also, the ongoing and upcoming stringent emission norms in developing countries such as China, India, and Thailand, have increased the demand for SCRs across all diesel vehicle globally.
North America is the key market for silencer due to the growing production of vehicles in the region, increasing demand for cheap cars, favorable economic conditions and different regulations made by the government to increase trade among countries in the region. Also, every household in North America owns a car, which is expected to boost the demand for the automotive silencer market during the forecast period.
Growing urbanization and industrialization in the region of Asia Pacific has led the global silencer market to hold a significant share during the forecast period. Similarly, developing countries like India and China have adopted silencer due to the rise in the automotive sector. Local customers as well as OEMs such as Nissan, Daimler and BMW are getting support from prominent manufacturers of India, which are expected to drive the demand for automotive silencer in the region.
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Global Automotive Silencer Market Scope: Inquire before buying
Global Automotive Silencer Market by Region:
• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global Automotive Silencer Market Key Players
• Calsonic Kansei Corporation
• Bosal
• Katcon
• Tenneco Inc.
• SM Auto Engg Pvt Ltd
• Decimin Control System Pvt Ltd
• Victor Auto Engineers
• Sharda Motors
• Metro Auto Silencer
• Yutaka Giken Co Ltd
• SMC ETech
• Yamaha Crux Silencer
• Futaba Industrial
• Faurecia
• Hebei Lantian
• Chengdu Zeren
• Zhucheng Changshan
• Dongguan Qifeng
• Liuzhou LIHE
• Onyx Auto
• Hangzhou Longyun Automobile
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