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Automotive Air Intake Manifold Market Size
- Report ID: GMI1810
- Published Date: Aug 2021
- Report Format: PDF
Automotive Air Intake Manifold Market Size
Automotive Air Intake Manifold Market size exceeded USD 29 billion in 2020 and is estimated to exhibit 3.3% CAGR from 2021 to 2027. The global industry shipments are expected to surpass 107.6 million units by 2027. Rising demand for road transportation and growing government intervention in promoting sustainable production of vehicles are likely to propel industry development.
The European Commission set mandatory emission reduction targets for new car production in 2009, which aimed at lowering average carbon footprint from the automobile sector by 35% at the end of 2030. Similarly, the ongoing trend of producing lightweight cars is expected to increase the penetration of novel materials in the global market.
Although the industry gained momentum in recent years, the challenges associated with COVID-19 pandemic declined the automotive air intake manifold demand in 2020. The downward trend can be attributed to shortage of labor & materials, shutdown of automobile production facilities, and restriction of international trade for a short period of time. However, the market will report gradual increase in terms of production of new vehicles post 2021./p>
| Report Attribute | Details |
|---|---|
| Base Year: | 2020 |
| Automotive Air Intake Manifold Market Size in 2020: | 29,177.7 Million (USD) |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 3.3% |
| 2027 Value Projection: | 34,767.1 Million (USD) |
| Historical Data for: | 2017 to 2020 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 378 |
| Segments covered: | Vehicle, Material, Manifold, Manufacturing Process, Distribution Channel, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Automotive Air Intake Manifold Market Scope
