What is Automotive Silencer Market?
The automotive silencer is a device fitted within the vehicle exhaust to cut back the noise generated by the interior combustion engine. The silencer is an associate degree device and is obligatory in vehicles per traffic rules enacted in all told countries across the world. The automotive & transportation trade is amongst the foremost exposed verticals to the continuing COVID-19 irruption and is present amidst unexampled uncertainty. COVID-19 is anticipated to possess a major impact on the availability chain and product demand within the automotive sector. The industry's concern has moved on from being cantered on offer chain disruption from China to the general slump in demand for automotive products. The demand for business vehicles is anticipated to plummet with the conclusion of all non-essential services. Changes in client shopping for behaviour thanks to uncertainty encompassing the pandemic might have serious implications on the close to the future growth of the trade. Meanwhile, liquidity insufficiency and money crunch have already wedged the sales of fleet operators, that is any expected to widen over consecutive few months.
Highlights from Automotive Silencer Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Calsonic Kansei Corporation (Japan), Bosal (Belgium), Tenneco Inc. (United States), SM Auto Engineering Pvt Ltd. (India), Decimin Control System Pvt Ltd (India), Victor Auto Engineers (India), Sharda Motors (India), Yutaka Giken Co Ltd. (Japan), SMC ETech (United States), Faurecia (France), Hebei Lantian (China), Zhucheng Changshan (China) and Hangzhou Longyun Automobile (China) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Asian Vendors will contribute to the maximum growth of Global Automotive Silencer market throughout the forecasted period.
Calsonic Kansei Corporation (Japan), Bosal (Belgium), Tenneco Inc. (United States), SM Auto Engineering Pvt Ltd. (India), Decimin Control System Pvt Ltd (India), Victor Auto Engineers (India), Sharda Motors (India), Yutaka Giken Co Ltd. (Japan), SMC ETech (United States), Faurecia (France), Hebei Lantian (China), Zhucheng Changshan (China) and Hangzhou Longyun Automobile (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Yamaha Crux Silencer (Japan) and Futaba Industrial (Japan). Automotive Silencer Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle |
Type | Absorption Silencer and Reflection Silencer |
Position of Silencer | Front Automotive Silencer,Centre Automotive Silencer,Rear Automotive Silencer |
Sales Channel | OEMs,Aftermarkets |
Material Type | Glass Fibre,Carbon Fibre,Stainless Steel |
On the basis of geography, the market of Automotive Silencer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Trend of Adoption of Traffic Laws That Require the Vehicle to Be Equipped With a Silencer in a Good Operating Condition
Market Growth Drivers:
Growing Automobile Industry Worldwide and A Rise in Noise and Environmental Concerns
Challenges:
Liquidity Shortfall and Cash Crunch Due To Pandemic
Restraints:
Fluctuating Price of Raw Material
Opportunities:
Rising Sales of Vehicles in Developing Countries and High Automobile Production and Technical Advancements
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Automotive Silencer, Suppliers and Distributors of Automotive Silencer, Venture Capitalists and Private Equity Firms and End-Use Industry
Market Leaders & Development Strategies
In May 2019, CK Holdings Co., Ltd., a subsidiary of Calsonic Kansei Corporation, announced the completion of its acquisition of Mageti Marelli S.p.A. from Fiat Chrysler Automobiles N.V., a leading manufacturer of silencers.
In May 2023, Cummins Inc. announced that it had entered into a definitive agreement with Faurecia, a company of the FORVIA group, to purchase Faurecia's two commercial vehicle manufacturing plants and associated activities for €142 million. Manufacturing facilities are located in Columbus, Indiana (USA) and Roermond, The Netherlands.