Automotive Air Intake Manifold Market size to exceed $50 bn by 2026
Published Date: October 30, 2019 Authors: Kiran Pulidindi, Soumalya Chakraborty
Automotive Air Intake Manifold Market size is estimated to cross USD 50 billion by 2026; according to a new research report by Global Market Insights, Inc.
Automotive air intake manifolds impart significant influence on the engine output and aids in maintaining optimum performance. Although the designs of these manifolds may vary as per specific requirements, they are used to provide air or air/fuel mixture to cylinders. These minimize the engine temperatures by allowing the passage of coolant and improves automobile fuel efficiency significantly. Additionally, the product acts as a mounting medium for other parts of the engine as well.
Stringent regulations associated with CO2 emissions will drive the automotive air intake manifold market consumption
Rising concerns related to air pollution caused by automobiles has compelled many countries globally to take precautionary measures in order to curb vehicle emission levels. As a part of these measures, CO2 emission standards were introduced by the European Union. These standards include guidelines and targets for automotive manufacturers which will generate the requirement for efficient engine operation systems. Technological progressions will help in creating better automotive air intake manifold variants with improved operational performance. These aforementioned factors will spur the automotive air intake manifold market growth during the forecast time span.
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Automobile manufacturers are focusing on reducing vehicle weight to improve performance and efficiency
Major automobile manufacturers are incorporating groundbreaking production practices to manufacture vehicles with reduced weight. The weight reduction significantly improves fuel efficiency along with maintaining minimum emission levels. The increasing reliance on plastic materials will transform the landscape of automotive parts & components in the upcoming years. Such trends will create a positive outlook for plastic based intake manifolds and will lead to overall automotive air intake manifold market growth.
Browse key industry insights spread across 495 pages with 407 market data tables & 26 figures & charts from the report, “Automotive Air Intake Manifold Market Size By Vehicle (Passenger Cars, Heavy Commercial Vehicles (HCV), Light Commercial Vehicles (LCV), Sportscar), By Material (Aluminum, Magnesium, Plastic/Other Composites, Iron), By Manifold (Single Plane, Dual Plane, EFI, HI-RAM, Supercharger), By Manufacturing Process (Injection Molding, Casting), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2026” in detail along with the table of contents:
Automotive air intake manifold market share from light commercial vehicles will cross 30 million units by 2026 owing to rising retail and e-commerce businesses globally. These vehicles are preferred by many e-commerce business platforms for timely and cost effective product delivery. Sports cars will grow at a CAGR more than 1% during the forecast time span.
Plastic/other composites will grow rapidly over 6% CAGR during the forecast period. Many automobile manufacturers are using plastic based materials which significantly reduces the overall weight of automobiles, thereby improving fuel efficiency. These are reliable, resist corrosion and offer flexibility during integration of components. In addition, they offer minimized drag properties compared to aluminum and can be easily shaped into different parts while maintaining optimum quality and safety.
HI-RAM manifolds will surpass USD 4.5 billion owing to cost efficiency and ability to operate with numerous engine systems. Supercharger air intake manifold market will exhibit a CAGR of more than 4% by 2026 due to high power requirements in vehicles.
Injection molding will grow rapidly as compared to casting owing to rising popularity of plastic composites in vehicle production. The strong growth is attributable to rapid production rates, high outputs, low labor costs, and reduced wastages. Additionally, it is suitable for producing high strength components with desired precision & accuracy. The manufacturing and processing of extremely complex components can be efficiently done with this process. Casting will clutch around two-fifth of automotive air intake manifold market volume share over the projected period.
OEMs will cross 120 million units by 2026 owing to rising importance of safety measures and quality characteristics. Cost effectiveness will reflect in the growth of aftermarket segment which is expected to grow over 6.5% CAGR by 2026.
Strategic joint ventures and collaborations form the major basis for business expansion
Companies are expanding their product portfolio & production capacity and entering into partnership agreements with other industry players for boosting their revenue. For instance, Rochling Group announced a joint venture with Starlite Co., Ltd. in order to strengthen their foothold in Asia Pacific. Rochling Group, AISIN SEIKI Co., Ltd., MAHLE GmbH, Tenneco Inc., Magneti Marelli S.p.A, MIKUNI CORPORATION, Sogefi SpA and TOYOTA BOSHOKU CORPORATION are some of the key players in the automotive air intake manifold market share.