Selected research
Industry Growth & Trends
Global Automotive Muffler Tip Industry Growth and Trends Forecast to 2032
Market perspective
The global Automotive Muffler Tip market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Automotive Muffler Tip is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Automotive Muffler Tip is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.
Read the full market overview
The Asia Pacific market for Automotive Muffler Tip is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Automotive Muffler Tip include Tenneco Inc, Apex Integration, Akrapovi, DC Sports, BENTELER International, Yutaka Giken Company Limited, Sejong Industrial Co., Ltd, Faurecia and Eberspacher, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Automotive Muffler Tip market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Automotive Muffler Tip market size, estimates, and forecasts are presented in terms of sales volume (k units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Automotive Muffler Tip market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Automotive Muffler Tip.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Automotive Muffler Tip market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Automotive Muffler Tip Market by Company
Tenneco Inc
Apex Integration
Akrapovi
DC Sports
BENTELER International
Yutaka Giken Company Limited
Sejong Industrial Co., Ltd
Faurecia
Eberspacher
BOSAL
Continental AG
Futaba Industrial Co. Ltd. (Japan)
Friedrich Boysen GmbH
Sango Co. Ltd. (Japan)
Johnson Matthey
Umicore
Klarius Products Ltd.
International AG
Bekaert S.A.
Katkon Exhaust Systems
Automotive Muffler Tip Segment by Type
Stainless Steel
Aluminum Alloys
Others
Automotive Muffler Tip Segment by Application
Commercial Vehicles
Passenger Vehicles
Automotive Muffler Tip Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Automotive Muffler Tip market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Automotive Muffler Tip and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Automotive Muffler Tip.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Automotive Muffler Tip manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Automotive Muffler Tip in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Stainless Steel
- Aluminum Alloys
- Others
Applications
- Commercial Vehicles
- Passenger Vehicles
Companies covered
- Tenneco Inc
- Apex Integration
- Akrapovi
- DC Sports
- BENTELER International
- Yutaka Giken Company Limited
- Sejong Industrial Co., Ltd
- Faurecia
- Eberspacher
- BOSAL
- Continental AG
- Futaba Industrial Co. Ltd. (Japan)
- Friedrich Boysen GmbH
- Sango Co. Ltd. (Japan)
- Johnson Matthey
- Umicore
- Klarius Products Ltd.
- International AG
- Bekaert S.A.
- Katkon Exhaust Systems
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Automotive Muffler Tip Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Automotive Muffler Tip Sales Estimates and Forecasts (2021-2032)
- 1.3 Automotive Muffler Tip Market by Type
- 1.3.1 Stainless Steel
- 1.3.2 Aluminum Alloys
- 1.3.3 Others
- 1.4 Global Automotive Muffler Tip Market Size by Type
- 1.4.1 Global Automotive Muffler Tip Market Size Overview by Type (2021-2032)
- 1.4.2 Global Automotive Muffler Tip Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Automotive Muffler Tip Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Automotive Muffler Tip Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Automotive Muffler Tip Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Automotive Muffler Tip Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Automotive Muffler Tip Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Automotive Muffler Tip Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Automotive Muffler Tip Industry Trends
- 2.2 Automotive Muffler Tip Industry Drivers
- 2.3 Automotive Muffler Tip Industry Opportunities and Challenges
- 2.4 Automotive Muffler Tip Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Automotive Muffler Tip Revenue (2021-2026)
- 3.2 Global Top Players by Automotive Muffler Tip Sales (2021-2026)
- 3.3 Global Top Players by Automotive Muffler Tip Price (2021-2026)
- 3.4 Global Automotive Muffler Tip Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Automotive Muffler Tip Major Company Production Sites & Headquarters
- 3.6 Global Automotive Muffler Tip Company, Product Type & Application
- 3.7 Global Automotive Muffler Tip Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Automotive Muffler Tip Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Automotive Muffler Tip Players Market Share by Revenue in 2025
- 3.8.3 2025 Automotive Muffler Tip Tier 1, Tier 2, and Tier 3
4 Automotive Muffler Tip Regional Status and Outlook
- 4.1 Global Automotive Muffler Tip Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Automotive Muffler Tip Historic Market Size by Region
- 4.2.1 Global Automotive Muffler Tip Sales in Volume by Region (2021-2026)
- 4.2.2 Global Automotive Muffler Tip Sales in Value by Region (2021-2026)
- 4.2.3 Global Automotive Muffler Tip Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Automotive Muffler Tip Forecasted Market Size by Region
- 4.3.1 Global Automotive Muffler Tip Sales in Volume by Region (2027-2032)
- 4.3.2 Global Automotive Muffler Tip Sales in Value by Region (2027-2032)
- 4.3.3 Global Automotive Muffler Tip Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Automotive Muffler Tip by Application
- 5.1 Automotive Muffler Tip Market by Application
- 5.1.1 Commercial Vehicles
- 5.1.2 Passenger Vehicles
- 5.2 Global Automotive Muffler Tip Market Size by Application
- 5.2.1 Global Automotive Muffler Tip Market Size Overview by Application (2021-2032)
- 5.2.2 Global Automotive Muffler Tip Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Automotive Muffler Tip Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Automotive Muffler Tip Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Automotive Muffler Tip Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Automotive Muffler Tip Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Automotive Muffler Tip Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Automotive Muffler Tip Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Tenneco Inc
- 6.1.1 Tenneco Inc Company Information
- 6.1.2 Tenneco Inc Business Overview
- 6.1.3 Tenneco Inc Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Tenneco Inc Automotive Muffler Tip Product Portfolio
- 6.1.5 Tenneco Inc Recent Developments
- 6.2 Apex Integration
- 6.2.1 Apex Integration Company Information
- 6.2.2 Apex Integration Business Overview
- 6.2.3 Apex Integration Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Apex Integration Automotive Muffler Tip Product Portfolio
- 6.2.5 Apex Integration Recent Developments
- 6.3 Akrapovi
- 6.3.1 Akrapovi Company Information
- 6.3.2 Akrapovi Business Overview
- 6.3.3 Akrapovi Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Akrapovi Automotive Muffler Tip Product Portfolio
- 6.3.5 Akrapovi Recent Developments
- 6.4 DC Sports
- 6.4.1 DC Sports Company Information
- 6.4.2 DC Sports Business Overview
- 6.4.3 DC Sports Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 DC Sports Automotive Muffler Tip Product Portfolio
- 6.4.5 DC Sports Recent Developments
- 6.5 BENTELER International
- 6.5.1 BENTELER International Company Information
- 6.5.2 BENTELER International Business Overview
- 6.5.3 BENTELER International Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 BENTELER International Automotive Muffler Tip Product Portfolio
- 6.5.5 BENTELER International Recent Developments
- 6.6 Yutaka Giken Company Limited
- 6.6.1 Yutaka Giken Company Limited Company Information
- 6.6.2 Yutaka Giken Company Limited Business Overview
- 6.6.3 Yutaka Giken Company Limited Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Yutaka Giken Company Limited Automotive Muffler Tip Product Portfolio
- 6.6.5 Yutaka Giken Company Limited Recent Developments
- 6.7 Sejong Industrial Co., Ltd
- 6.7.1 Sejong Industrial Co., Ltd Company Information
- 6.7.2 Sejong Industrial Co., Ltd Business Overview
- 6.7.3 Sejong Industrial Co., Ltd Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Sejong Industrial Co., Ltd Automotive Muffler Tip Product Portfolio
- 6.7.5 Sejong Industrial Co., Ltd Recent Developments
- 6.8 Faurecia
- 6.8.1 Faurecia Company Information
- 6.8.2 Faurecia Business Overview
- 6.8.3 Faurecia Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Faurecia Automotive Muffler Tip Product Portfolio
- 6.8.5 Faurecia Recent Developments
- 6.9 Eberspacher
- 6.9.1 Eberspacher Company Information
- 6.9.2 Eberspacher Business Overview
- 6.9.3 Eberspacher Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Eberspacher Automotive Muffler Tip Product Portfolio
- 6.9.5 Eberspacher Recent Developments
- 6.10 BOSAL
- 6.10.1 BOSAL Company Information
- 6.10.2 BOSAL Business Overview
- 6.10.3 BOSAL Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 BOSAL Automotive Muffler Tip Product Portfolio
- 6.10.5 BOSAL Recent Developments
- 6.11 Continental AG
- 6.11.1 Continental AG Company Information
- 6.11.2 Continental AG Business Overview
- 6.11.3 Continental AG Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 Continental AG Automotive Muffler Tip Product Portfolio
- 6.11.5 Continental AG Recent Developments
- 6.12 Futaba Industrial Co. Ltd. (Japan)
- 6.12.1 Futaba Industrial Co. Ltd. (Japan) Company Information
- 6.12.2 Futaba Industrial Co. Ltd. (Japan) Business Overview
- 6.12.3 Futaba Industrial Co. Ltd. (Japan) Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Futaba Industrial Co. Ltd. (Japan) Automotive Muffler Tip Product Portfolio
- 6.12.5 Futaba Industrial Co. Ltd. (Japan) Recent Developments
- 6.13 Friedrich Boysen GmbH
- 6.13.1 Friedrich Boysen GmbH Company Information
- 6.13.2 Friedrich Boysen GmbH Business Overview
- 6.13.3 Friedrich Boysen GmbH Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Friedrich Boysen GmbH Automotive Muffler Tip Product Portfolio
- 6.13.5 Friedrich Boysen GmbH Recent Developments
- 6.14 Sango Co. Ltd. (Japan)
- 6.14.1 Sango Co. Ltd. (Japan) Company Information
- 6.14.2 Sango Co. Ltd. (Japan) Business Overview
- 6.14.3 Sango Co. Ltd. (Japan) Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 Sango Co. Ltd. (Japan) Automotive Muffler Tip Product Portfolio
- 6.14.5 Sango Co. Ltd. (Japan) Recent Developments
- 6.15 Johnson Matthey
- 6.15.1 Johnson Matthey Company Information
- 6.15.2 Johnson Matthey Business Overview
- 6.15.3 Johnson Matthey Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Johnson Matthey Automotive Muffler Tip Product Portfolio
- 6.15.5 Johnson Matthey Recent Developments
- 6.16 Umicore
- 6.16.1 Umicore Company Information
- 6.16.2 Umicore Business Overview
- 6.16.3 Umicore Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.16.4 Umicore Automotive Muffler Tip Product Portfolio
- 6.16.5 Umicore Recent Developments
- 6.17 Klarius Products Ltd.
- 6.17.1 Klarius Products Ltd. Company Information
- 6.17.2 Klarius Products Ltd. Business Overview
- 6.17.3 Klarius Products Ltd. Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.17.4 Klarius Products Ltd. Automotive Muffler Tip Product Portfolio
- 6.17.5 Klarius Products Ltd. Recent Developments
- 6.18 International AG
- 6.18.1 International AG Company Information
- 6.18.2 International AG Business Overview
- 6.18.3 International AG Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.18.4 International AG Automotive Muffler Tip Product Portfolio
- 6.18.5 International AG Recent Developments
- 6.19 Bekaert S.A.
- 6.19.1 Bekaert S.A. Company Information
- 6.19.2 Bekaert S.A. Business Overview
- 6.19.3 Bekaert S.A. Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.19.4 Bekaert S.A. Automotive Muffler Tip Product Portfolio
- 6.19.5 Bekaert S.A. Recent Developments
- 6.20 Katkon Exhaust Systems
- 6.20.1 Katkon Exhaust Systems Company Information
- 6.20.2 Katkon Exhaust Systems Business Overview
- 6.20.3 Katkon Exhaust Systems Automotive Muffler Tip Sales, Revenue and Gross Margin (2021-2026)
- 6.20.4 Katkon Exhaust Systems Automotive Muffler Tip Product Portfolio
- 6.20.5 Katkon Exhaust Systems Recent Developments
7 North America by Country
- 7.1 North America Automotive Muffler Tip Sales by Country
- 7.1.1 North America Automotive Muffler Tip Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Automotive Muffler Tip Sales by Country (2021-2026)
- 7.1.3 North America Automotive Muffler Tip Sales Forecast by Country (2027-2032)
- 7.2 North America Automotive Muffler Tip Market Size by Country
- 7.2.1 North America Automotive Muffler Tip Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Automotive Muffler Tip Market Size by Country (2021-2026)
- 7.2.3 North America Automotive Muffler Tip Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Automotive Muffler Tip Sales by Country
- 8.1.1 Europe Automotive Muffler Tip Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Automotive Muffler Tip Sales by Country (2021-2026)
- 8.1.3 Europe Automotive Muffler Tip Sales Forecast by Country (2027-2032)
- 8.2 Europe Automotive Muffler Tip Market Size by Country
- 8.2.1 Europe Automotive Muffler Tip Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Automotive Muffler Tip Market Size by Country (2021-2026)
- 8.2.3 Europe Automotive Muffler Tip Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Automotive Muffler Tip Sales by Country
- 9.1.1 Asia-Pacific Automotive Muffler Tip Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Automotive Muffler Tip Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Automotive Muffler Tip Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Automotive Muffler Tip Market Size by Country
- 9.2.1 Asia-Pacific Automotive Muffler Tip Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Automotive Muffler Tip Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Automotive Muffler Tip Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Automotive Muffler Tip Sales by Country
- 10.1.1 South America Automotive Muffler Tip Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Automotive Muffler Tip Sales by Country (2021-2026)
- 10.1.3 South America Automotive Muffler Tip Sales Forecast by Country (2027-2032)
- 10.2 South America Automotive Muffler Tip Market Size by Country
- 10.2.1 South America Automotive Muffler Tip Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Automotive Muffler Tip Market Size by Country (2021-2026)
- 10.2.3 South America Automotive Muffler Tip Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Automotive Muffler Tip Sales by Country
- 11.1.1 Middle East and Africa Automotive Muffler Tip Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Automotive Muffler Tip Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Automotive Muffler Tip Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Automotive Muffler Tip Market Size by Country
- 11.2.1 Middle East and Africa Automotive Muffler Tip Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Automotive Muffler Tip Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Automotive Muffler Tip Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Automotive Muffler Tip Value Chain Analysis
- 12.1.1 Automotive Muffler Tip Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Automotive Muffler Tip Production Mode & Process
- 12.2 Automotive Muffler Tip Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Automotive Muffler Tip Distributors
- 12.2.3 Automotive Muffler Tip Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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