The global Rubber Muffler Hanger market size is projected to reach approximately USD 1.53 Billion by 2033, at a CAGR of 4.40% from 2023 to 2033. The muffler of a vehicle is supported by a rubber silencer hanger. It normally consists of rubber and has two holes for the exhaust pipes of the silencer to flow through. The hanger is then fixed to the frame or body of the vehicle. A rubber muffler hanger’s main objective is to prevent the muffler from making touch with the ground or other objects. This helps prevent clogging with debris and prevents damage to the silencer. The hanger also lessens vibration and noise coming from the muffler. Several rubber muffler hangers on the market are made to accommodate different muffler types and car models. Certain hangers may be adjusted so they can be used on various automobiles or mufflers. Others are created for certain purposes. It’s critical to pick a rubber muffler hanger that is appropriate for the car and muffler.
COVID-19 Impact Analysis
Due to the industrial delay brought on by the Covid-19 pandemic, the rubber silencer hanger market suffered. Since the manufacture of cars has reduced, so needs rubber silencer hangers. The lockdown imposed by many governments to stop the pandemic’s spread is to blame for the fall in the manufacture of vehicles. As a result, there is less demand for rubber silencer hangers, which in turn results in a smaller market for such hangers.
The major factors that have impacted the growth of Rubber Muffler Hanger are as follows:
⮚ Growing Environmental Concerns
There is diverse growth in the production of commercial and Passenger cars all over the world. Various R&D activities are going on for the development of efficient Muffler Hangers for vehicles. The increased focus on the development of technologies that can reduce growing environmental problems and the health hazards associated with the emission of toxic gases discharged from vehicles is boosting the Rubber Muffler Hanger market. Government all over the world is trying to minimize carbon emissions and increase fuel efficiency due to which the manufacturers are working on vehicle improvement, and are utilizing advanced and eco-friendly technologies that are estimated to contribute towards the growth of the Rubber Muffler Hanger market.
- High Development Costs
The muffler hanger requires massive sheet processing and production time which in turn results in high production costs. The muffler hanger is used to effectively control noise coming out of the internal combustion engine. The perforated tubes that are used to damp acoustic waves through the holes are the most expensive parts. The perforated tubes need long sheet metal processing, welding, and forming and numerous manufacturing steps that subsequently increase the costs. A large amount of time required for developing muffler hangers increases the waiting time for the production of other Products which also hampers the business. For effective production, the manufacturing rates should be high enough to keep up with the vehicle’s final assembly lines. Rubber manufacturing requires high development costs. Manufacturing rubber that can stand high temperatures has high energy costs associated with it. Rubber manufacturing goes through several steps from conversion to refinement and lastly chemical reaction to polymerize it. There are numerous expensive Products associated with the manufacturing of rubber such as copper metal and hydrogen fluoride. Thus, the high development costs for rubber and muffler hanger are the key restrain for the rubber muffler hanger market.
⮚ Growing Demand For Selective Catalytic Reduction Technology
Selective Catalytic Reduction (SCR) is a cost-efficient and fuel-efficient advanced active emissions control technology. It injects a liquid-reductant agent known as Diesel Exhaust Fluid (DEF) into the exhaust stream of a diesel engine through a special catalyst. The DEF converts nitrogen oxide pollutants into nitrogen, water and carbon dioxide (CO2), and others, which are then ejected through the automobile tailpipe. This chemical reaction is called selective reduction because it reduces levels of NOx using ammonia as a reductant within a catalyst system. This technology is very useful to reduce diesel engine emissions. According to guidelines, after 1st January 2010, all heavy-duty diesel engines must meet the latest EPA emissions standards, to reduce particulate matter (PM) and nitrogen oxide (NOx) emissions to near zero levels. Selective Catalytic Reduction technology can achieve NOx reductions by up to 90 percent, HC and CO emissions by 50-90 percent, and PM emissions by 30-50 percent. The growing demand for SCR technology will contribute to the growth of the rubber muffler hanger market. The rubber muffler hanger will help in controlling air pollution and noise pollution. The rubber has the capacity of absorbing more heat so less amount of heat will be released into the atmosphere which may reduce global warming. The advancement and growing demand for selective catalytic reduction technology are expected to bolster the rubber muffler hanger market.
Based on the Product, the Rubber Muffler Hanger market is segmented based on 2 Holes, 4 Holes, and Others. During the projection period, the 2 Holes segment is expected to hold the largest market share. These 2 Holes Rubber Muffler Hangers are ideal for use with a wide variety of mufflers. They feature two holes that allow for easy and secure installation. Made of durable rubber, these hangers will provide long-lasting performance. The 2-hole muffler hangers are typically used in high-duty commercial vehicles.
Based on Material Industry, the global Rubber Muffler Hanger market has been divided into EPDM, Silicon, and Others. The EPDM segment is expected to hold the largest market share. EPDM (Ethylene Propylene Diene Monomer) is a type of rubber commonly used in automotive and industrial Materials due to its excellent resistance to heat, weather, and chemicals. EPDM rubber muffler hangers offer excellent vibration and noise reduction, making them a popular choice in muffler suspension systems.
By Vehicle Type
Based on Vehicle Type, the global Rubber Muffler Hanger market has been divided into Passenger Vehicles, Commercial Vehicles. The Passenger Vehicles segment is expected to hold the largest market share. Passenger vehicles are used for transporting a passenger from one point to another. The four-wheelers having a maximum capacity of 8 passengers are termed passenger vehicles. The increasing demand for diesel engine vehicles for passenger cars is expected to boost the rubber muffler hanger market.
Global Rubber Muffler Hanger Market Share, by Segmentation
Based on region, the global Rubber Muffler Hanger market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is projected to dominate the use of the Rubber Muffler Hanger market followed by the North America and Europe regions.
Asia Pacific Market
The Asia Pacific region is expected to dominate the Rubber Muffler Hanger market due to several factors, including the high production of automobiles and the increasing demand for exhaust systems in the region. Many countries in the Asia Pacific region, such as China, Japan, and South Korea, have large automotive industries and are major producers of vehicles. This high production of automobiles creates a significant demand for exhaust systems and related Products, including rubber muffler hangers. In addition to high automobile production, the Asia Pacific region has also seen significant technical advancements in the automotive industry. This includes the development of new technologies for exhaust systems, such as lightweight materials and active noise control systems. These advancements are expected to create new opportunities in the Rubber Muffler Hanger market in the region.
North America Market
The North American region has some of the strictest regulations regarding emissions from vehicles, and the government has implemented several measures to reduce emissions, including the promotion of clean technologies and the introduction of stricter emissions standards. This has resulted in an increased demand for exhaust systems and related Products, including muffler hangers, which play a critical role in reducing vehicle noise and emissions. In addition to government regulations, the North American market for muffler hangers is also driven by factors such as increasing vehicle production, the growing popularity of electric vehicles, and the demand for aftermarket replacement parts.
The market comprises tier-1, tier-2, and local players. With their wide product portfolios, tier-1 and tier-2 players have a global reach. Since of their strategic innovations and broad regional presence, companies such as Torque Solution, Zhongding Group, Delmon Group, BOSAL International, and Vibracoustic lead the global Rubber Muffler Hanger business. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as growth, product releases, and alliances.
- Torque Solution
- Delmon Group
Scope of the Report
Global Rubber Muffler Hanger Market, by Product
- 2 Holes
- 4 Holes
Global Rubber Muffler Hanger Market, by Material
Global Rubber Muffler Hanger Market, by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Global Rubber Muffler Hanger Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
|2033: $ 1.53 Billion
|4.40% CAGR (2023-2033)
|Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
|Product, Material, Vehicle Type
|North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
|SONUS, Bridgestone, BOSAL, Torque Solution, Vibracoustic, Walker, CUSCO, Zhongding, Delmon Group, Powerflex
|Key Market Opportunities
|Growing Demand For Selective Catalytic Reduction Technology
|Key Market Drivers
|Growing Environmental Concerns
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Rubber Muffler Hanger market trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities in the future
- Rubber Muffler Hanger market historical market size for the year 2021, and forecast from 2023 to 2033
- Rubber Muffler Hanger market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
- To identify and understand the various factors involved in the global Rubber Muffler Hanger market affected by the pandemic
- To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Frequently Asked Questions (FAQ)
- What is the study period of this market?
- The study period of the global Rubber Muffler Hanger market is 2022- 2033
- What is the growth rate of the global Rubber Muffler Hanger market?
- The global Rubber Muffler Hanger market is growing at a CAGR of ~4.40% over the next 10 years
- Which region has the highest growth rate in the global Rubber Muffler Hanger market?
- North America is expected to register the highest CAGR during 2023-2033
- Which region has the largest share of the global Rubber Muffler Hanger market?
- Asia Pacific holds the largest share in 2022
- Who are the key players in the global Rubber Muffler Hanger market?
- SONUS, Bridgestone, BOSAL, Torque Solution, Vibracoustic, Walker, CUSCO, Zhongding, Delmon Group, and Powerflex are the major companies operating in the global Rubber Muffler Hanger
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