Home > Pressrelease > Automotive Air Intake Manifold Market size to exceed $34 BN by 2027
Automotive Air Intake Manifold Market size to exceed $34 BN by 2027
- Published Date: August 20, 2021
Automotive Air Intake Manifold Market size is slated to cross USD 34 billion by 2027; according to a new research report by Global Market Insights Inc.
Environment management authorities have enforced laws stipulating low CO2 emission levels from vehicles along with various fuel conservation policies. This has forced automotive OEMs to enhance the quality of these intake manifolds, escalating the industry growth.
Significant overhead expenditure incurred by manufacturers and low product replacement rates is likely to hamper the market demand. Fluctuations in raw material & commodity prices will pose challenges to industry participants. Emerging economies, including Indonesia, China, and India, have witnessed a tremendous rise in passenger car production, supporting the high revenue generation.
Get more details on this report - Request Free Sample PDF
Growing dependency on road transportation will enhance product sale in HCV segment
The Heavy Commercial Vehicles (HCVs) segment is expected to grow at around 2% CAGR through 2027. Increasing international and domestic traffic, especially in developing countries will propel the growth of automotive air intake manifold market from HCVs.
Browse key industry insights spread across 250 pages with 351 market data tables & 27 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), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-air-intake-manifold-market
Ready-to-recycle coupled with high strength to drive sales of aluminum material
Aluminum air intake manifold accounted for more than 30% of the market revenue share in 2020 led by its prevalence in the past few decades. Furthermore, it provides vehicles with high load-bearing capacity for components and external fittings. Advantages including high thermal and mechanical strength and ready recyclability are factors that contribute to industry dominance.
The EFI manifolds provide smooth engine operations. They offer fuel economy potential by increasing engine efficiency. Easy installation and self-mapping fuel technology are also creating growth opportunities. Injection molding is anticipated to witness significant growth through 2027 on account of better product consistency and design flexibility.
OEM is projected to be the dominant distribution channel
OEM channel is forecast to observe growth rate of nearly 3% during 2021 to 2027. Growing acceptance of new parts channel due to the warranty and insurance provided. Customers’ high trust in the reliability of air intake manifold will augment the overall industry statistics.
Increasing product application in automobile production in North America
North America automotive air intake manifold market revenue will accelerate at 3.4% CAGR till 2027 impelled by successful technological advancements in the region. Nylon 66 is commonly used in the region and has gradually grown as an automotive material. Cost and weight-savings have encouraged a switch from metals to plastics products. To meet performance requirements, many research activities are in process particularly under-hood components of vehicles.
The key players in the automotive air intake manifold market are MAHLE GmbH, Rochling Group, Tenneco Inc., AISIN SEIKI Co., Ltd., Magneti Marelli S.p.A, Sogefi SpA, Mikuni Corporation, and Toyota Boshoku Corporation.
Explore More on Related Topics:
Infographics
