Automotive Resonator Market: Overview
Automotive Resonator is a crucial part of an automotive exhaust system installed between muffler and catalytic converter which serves as an echo chamber to resonate the typical loud noise generated from engine. This component has been employed owing to quiet operation which is a desirable characteristic of every vehicle. Automotive resonator sets the sound of vehicle through adjusting in the internal circular net. In rally & street bike racing, automotive resonator plays crucial role to attract the viewer’s which in turn positive impetus to the global automotive resonator market in the coming decades.
During the last couple of years, automotive resonator has been gain significant traction in across the world owing to rising awareness pertaining to low noise level automotive exhaust system and this awareness is expected to grow in the coming years as well and paved a way for automotive resonator manufacturers to business expansion. Moreover, in some Motorcycles and 4-wheels, automotive resonator use to increase the exhaust sound level while in luxurious vehicle automotive resonator uses to resonate the exhaust system’s sound. Thereby, the duo advantages of automotive resonator is expected to provide bilateral support to the global automotive Resonator market.
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Automotive resonator market: Dynamics
Growing consumer’s interest towards sport vehicles in a cost effective way coupled with increasing production of automotive vehicles are projected to fillip the global automotive resonator market during the slated time period. Supportive government regulation pertaining to vehicle’s exhaust noise & sound is also estimated to boom the demand of automotive resonator market over the stipulated time period. Furthermore, its beneficial advantages regarding to vehicle performance such as automotive resonator not only decrease the sound level but also improves the automotive vehicle performance through curb the back pressure of exhaust gasses. Back pressure in exhaust system can reduce the horsepower or overall performance of vehicles which in turn drive the automotive resonator market as well as will register noteworthy business opportunity over the coming ten years first fit vehicles and existing vehicles.
Phase in of electric vehicles in automotive industry is the main restraint to the global automotive resonator market which in turn can hinder the sales of automotive resonator over the forecast period. Moreover, strict regulation on very old vehicles such as replaced through new vehicle e.g. in China, is projected to suppress the growth of the automotive resonator market over the coming decades.
In automotive resonator market, manufacturer are focused to make rigid and efficient automotive resonator by the use of light weight material such as Glass-Fibre composites owing to its splendid properties such as high structural strength, high heat distortion temperature, and can be made with a precise tolerance limits.
Automotive Resonator Market: Segmentation
Automotive Resonator market can be bifurcated by material, engine type, vehicle type, and by sales channel
By Material, Automotive Resonator Market can be segmented as:
- Glass-Fibre amalgamation
BY Engine Type, Automotive Resonator Market can be segmented as:
- Diesel Engine
- Gasoline Engine
By Vehicle Type, Automotive Resonator Market can be segmented as:
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- Two Wheeler
By Sales Channel, Automotive Resonator Market can be segmented as:
- Original Equipment Manufacturer (OEM)
Automotive Resonator Market: Regional Outlook
Asia Pacific is expected to dominate in the global automotive resonator market over the forecast period owing to rising population of vehicles as well as increasing sales of passenger vehicles which will shape up the growth of the automotive resonator market in the global market. North America is expected to grow with sizable share in the global automotive resonator market owing to in U.S. consumer is highly using old vehicles which in turn ramp up the aftermarket segment as well as inch the automotive resonator sales in the region in the coming years. Europe is projected to represent significant potential in the global automotive resonator market owing to regional government has mandated a low for first fit as well as old vehicle to reduce the noise level of vehicle. According to new law, car’s noise level will decreased up to 6 decibel and light commercial vehicle’s noise level will reduced up to two decibel.
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Automotive Resonator Market: Key Participant
Some of the market participants in the Automotive Resonator market identified across the value chain:
- Murata Manufacturing Co., Ltd.
- GASGOO International
- FennoSteel Oy
- Donaldson Company, Inc.
- Munjal Auto Industries Ltd., (MAIL)
- Mark Exhaust Systems Limited
- Tenneco Inc.
- AP Emissions Technologies