Global Automobile Muffler Market Is Set For A Rapid Growth And Is Expected To Surpass The USD 8.37 Billion By 2028

The Global Automobile Muffler market accounted for more than USD 5.6 Billion in 2020 and is expected to reach USD 8.3 Billion by 2028, growing at a CAGR of around 5.1% between 2021 and 2028.   

The report covers forecast and analysis for the automobile muffler market on a global and regional level. The study provides historic data of 2016-2019 along with a forecast from 2021 to 2028 based on both volume (thousand units) and revenue (USD million). The study includes drivers and restraints for the automobile muffler market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the automobile muffler market on a global level.

In order to give the users of this report a comprehensive view on the automobile muffler market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the automobile muffler market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view on the automobile muffler market by segmenting the market based on product type and sales type. All the product type and sales-type segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East & Africa with its bifurcation into major countries including U.S., Germany, UK, China, Japan, India, and Brazil. This segmentation includes demand for individual applications in all the regions.

By geographical segment, China, India, and the US are anticipated to witness significant growth over the forecast period. High demand for automobiles in India and China is driving the market for automobile muffler in Asia Pacific. North America accounted for more than 33% of the market share attributed to increasing environmental norms and stringent exhaust noise laws. Additionally, demand for motorcycle in the US is increasing at a rapid rate which is further expected to strengthen the market in Americas. This, in turn, results in healthy CAGR of the global automobile muffler market over the forecasting period 2021-2028.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global automobile muffler market. Key players profiled in the report include Onyxautosilencer, Apexhaust, Faurecia, ASPO Ltd., THUNDER and others.

Browse the full “Automobile Muffler Market (Motorbike, Scooters & Moped, Snowbike And Others) For OEM And Aftermarket: Global Industry Perspective, Comprehensive Analysis and Forecast, 2021 – 2028  .” Report at https://www.zionmarketresearch.com/report/automobile-muffler-market

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
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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