Global Automotive Resonator Market, By Material (Ceramic, Steel, Glass-Fibre Amalgamation), Engine Type (Diesel Engine, Gasoline Engine), Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Two Wheeler), Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Resonator Market
The automotive resonator market is expected to witness market growth at a rate of 3.50% in the forecast period of 2021 to 2028 and is expected to reach USD 5,448.47 million by 2028. Data Bridge Market Research report on automotive resonator market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing new material technologies in several vehicle platforms are escalating the growth of automotive resonator market.
A resonator refers to a device which exhibits resonance or resonant behavior. The device oscillates at a specific frequency which is called resonator’s resonant frequency. The oscillations could be both mechanical and electromagnetic. These are utilized for generating waves of certain frequencies or selecting specific frequencies via a signal. Exhaust pipes in automobiles are intended as acoustic resonators which work in tandem with the muffler with the purpose of reducing noise by generating sound waves that cancel each other out.
The rising inclination of consumers towards sport vehicles in a cost effective way and the surging production of automotive vehicle are the major factors driving the growth of automotive resonator market. The implementation of government regulations associated with the vehicle’s exhaust noise and sound and the rise in the AR popularity owning to the benefits they offer such as decreased sound level and improvement of automotive vehicle performance through reducing the back pressure of exhaust gasses accelerate the automotive resonator market growth. The ability of automotive resonator to decrease the back pressure which is responsible for lowering down the horsepower or overall performance of vehicles also influences the automotive resonator market and the increasing adoption of 3D printing of automotive resonator intake ducts along with other plastic parts also influence the automotive resonator market. 3D printing is utilized to design wiring connectors and harnesses. Additionally, technological advancement, emergence of new material technologies such as use of light weight material for their properties including high structural strength and high heat distortion temperature, increasing demand of advanced vehicles and rise in disposable income positively affect the automotive resonator market. Furthermore, innovations and deployment of 3D printing in designing and developing activities of automotive sector extend profitable opportunities to the automotive resonator market players in the forecast period in the forecast period of 2021 to 2028.
On the other hand, phase in of electric vehicles in automotive industry is expected to obstruct the automotive resonator market growth. Implementation of strict regulations on old vehicles including replaced through new vehicle is projected to challenge the automotive resonator market in the forecast period of 2021-2028.
This automotive resonator market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive resonator market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Resonator Market Scope and Market Size
The automotive resonator market is segmented on the basis of material, engine type, vehicle type and sales channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material, the automotive resonator market is segmented into ceramic, steel and glass-fibre amalgamation.
- On the basis of engine type, the automotive resonator market is segmented into diesel engine and gasoline engine.
- On the basis of vehicle type, the automotive resonator market is segmented into passenger car, light commercial vehicle (LCV), heavy commercial vehicle (HCV) and two wheeler.
- On the basis of sales channel, the automotive resonator market is segmented into original equipment manufacturer (OEM) and aftermarket.
Global Automotive Resonator Market Country Level Analysis
The automotive resonator market is analyzed and market size, volume information is provided by country, material, engine type, vehicle type and sales channel as referenced above.
The countries covered in the automotive resonator market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive resonator market because of the growing population of vehicles and the surging sales of passenger vehicles in the region. North America is expected witness significant growth during the forecast period of 2021 to 2028 because of the high prevalence of using old vehicles among consumers boosting the aftermarket sales channel and automotive resonator sales in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Resonator Market Share Analysis
The automotive resonator market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive resonator market.
The major players covered in the automotive resonator market report are Murata Manufacturing Co., Ltd., DuPont, Gasgoo.com Corporation, FennoSteel, Donaldson Company, Inc., Munjal Auto Industries Limited, Mark Exhaust Systems Limited, Tenneco Inc., AP Emissions Technologies, MAHLE GmbH, MANN+HUMMEL, Marelli Holdings Co., Ltd., DURA AUTOMOTIVE SYSTEMS, AutomotiveOEM, DSM, HUTCHINSON, Mitsui Chemicals, Inc., WTX Automotive Group., Woco Industrietechnik GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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