July 11, 2020, Valsad, India – According to the research study published by Evolve Business Intelligence, the rubber muffler hanger market is anticipated to grow at a CAGR of 6.0% from 2020 to 2027. The rubber muffler hanger market is expected to reach $1074.8 million by 2027. Some of the major factor impacting the overall growth of rubber muffler hanger market includes growing demand for the use of environment-friendly materials, an increase in demand for the hybrid vehicles across the globe, and among others.
According to EBI Analysis, “the recent COVID scenario will have a declining trend for the next 1-2 years. The decline in vehicle sales and production will lead to the lesser consumption of rubber muffler hanger. However, by 2022, the muffler hanger market is expected to witness a boost due to an increase in the trend for vehicle sales and production.
Vibracoustic to hold the highest market share in rubber muffler hanger market
The rubber muffler hanger market is a very niche market segment in the overall vehicle component market with a few major players such as Vibracoustic, Walker, Bosal, Bridgestone, Zhongding, and among others.
The rubber muffler hanger market report published today includes market revenue generated through the sale of materials such as EPDM, Silicon, and Others. The report also includes the analysis of the market on the basis of product which includes 2 holes, 4 holes, and others. Based on vehicle type, the market is segmented as passenger car and commercial vehicles.