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
Automotive Air Intake Manifold Market is supposed to reach close to USD 50 billion by 2026. Adoption of regulatory norms & standards associated with emission & fuel efficiency will positively influence the product consumption in upcoming years.
Some major findings of the automotive air intake manifold market report include:
- Light commercial vehicles segment will grow rapidly due to favorable trends associated with online business platforms and global logistics environment
- Automotive air intake manifold manufacturers are using plastic based materials during production as they offer astounding weight reduction benefits
- Passenger cars will lead the industry owing to rising spending propensity of people and supportive government policies
- The key manufacturers in the industry are Magneti Marelli, Donaldson, ESTERLE Mold and Machine, Holley Performance, AISIN SEIKI Co., Ltd., MIKUNI CORPORATION, MAHLE GmbH and Sogefi SpA
The fuel economy of automobiles is hugely dependent on weight and engine efficiency. As the weight of automobiles increases, the requirement of inertia and rolling resistance increases along with it, thereby affecting overall fuel efficiency. The automobile manufacturers are obtaining weight reduction through use of lightweight alloys and plastics without compromising on consumer safety and performance. Huge savings in energy costs and cutting down of CO2 emissions can be achieved by weight reduction. These aforementioned trends will generate the need for technologically modified products and propel the automotive air intake manifold market growth in future.
Automotive air intake manifold may experience significant threat in future due to excessive overhead costs. Moreover, if the product gets damaged the replacement costs are considerably high, which may negatively influence the automotive air intake manifold growth within the forecast period. Continuous research and development activities in order to create new product variants with improved operational performance will aid in reducing damaging rates.
Automotive air intake manifold market is segmented on the basis of vehicle, material, manifold, manufacturing process and distribution channel. Heavy commercial vehicles will clutch a revenue of more than USD 5 billion by 2026. These vehicles are specifically used by logistics and transportation sector companies for logistics purposes. Magnesium will register a little less than 20% of the market share by 2026. The material is widely used as it is lighter in weight than aluminum and cast iron, and offers excellent strength and superior castability.
EFI manifold segment will cross USD 8 billion till the end of forecast period. This segment will grow due to self-mapping fuel technology and ease of installation. Additionally, EFI’s ability to offer accuracy, precision and effective cold starting will catapult the segment’s growth in upcoming years. Single plane manifolds will grow at a CAGR over 5% by 2026. Casting process will grow popular over the coming years, generating a revenue close to USD 20 billion by 2026. The method is used on a large basis due to high production rate, dimensional accuracy, and better finishing techniques.
Asia Pacific will account for close to half of the overall market, and will be the fastest growing region in the industry within the forecast period. Huge number of automotive production facilities, favorable government initiatives, and changing consumer preferences will trigger the automotive sector in upcoming years. These trends will positively influence the product sales in upcoming years.