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The size of automotive air intake manifold market is set to grow at over 5.5% and cross USD 50 billion by 2024. Rising demand for passenger vehicles is anticipated to drive the industry demand in developing countries such as India, China, and Indonesia. Steady growth in world economy is encouraging the international import/export. This further results in increasing national and international freight transportation, escalating the demand for heavy commercial vehicles.Stringent government regulations for vehicle emission reduction is positively impacting the industry growth. various environment management associations have mandated low CO2 emission levels along with several fuel conservation policies. This has pushed the automobile OEMs to enhance their intake manifold quality, thus fostering the automotive air intake manifold market growth over the forecast timeframe.
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HCVs segment is anticipated to exhibit over 5.5% CAGR over the forecast timeframe. Rising usage of commercial vehicles for commodities transportation will support the high revenue generation till 2024. LCVs are anticipated to exhibit over 5% CAGR over the forecast timeframe owing to increasing online business resulting in increasing express, packaging, and courier services.
Aluminum accounted for over USD 13 billion in 2016 and is anticipated to exhibit highest revenue share in automotive air intake manifold market over the next eight years. usage of aluminum results in weight reduction and ensures high strength. Magnesium is expected to exhibit highest CAGR owing to its enhanced features than its counterparts.
EFI contributed for over 17% of the total revenue share and will be witnessed as the fastest growing segment over the next eight years. increasing adoption of these systems in automobile engines will support the industry growth. Dual plane manifolds will dominate the industry with almost 60% revenue share.
Casting segment is expected to witness over 5% CAGR over the forecast timeframe. Adequate protection & packaging, shipping constraints, final component standards, weights, and shelf-life of the protective coatings play a key role in casting. Injection molding is anticipated to overtake casting due to its efficiency of mass production for small and medium sized complex components.
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Automotive air intake manifold market from aftermarket accounted for over USD 6 billion in 2016 and will exhibit highest CAGR over the forecast timeframe. Dependence on the customer preference towards cost and quality of the product. Lesser cost as compared to OEMs will primarily drive the industry growth till 2024.
MANN+HUMMEL, Donaldson, MAHLE, and Rochling Group are among the prominent players in the industry. Partnerships and collaborations are the key strategies adopted by the industry participants. They are involved in forward integration involving distribution and manufacturing of the product. Automotive air intake manifold market has showcased exponential growth due to enhanced quality products at less cost coupled with rising trend of Do-It-Yourself (DIY) activities. Introduction of these innovative products help the growth of aftermarket and will drive its sales across the globe.
Browse key industry insights spread across 475 pages with 789 market data tables & 46 figures & charts from the report, “Automotive Air Intake Manifold Market Size By Vehicle (PCV, LCV, HCV, Sports Car), By Material (Aluminum, Plastic, Magnesium), By Manifold Type (Single Plane, Dual Plane, EFI, HI-RAM, Supercharger Intake), By Manufacturing Process (Injection Molding, Casting), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, China, India, Japan, South Korea, Vietnam, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-air-intake-manifold-market
Table of Contents (ToC) of the report:
Chapter 7. Automotive Air Intake Manifold Market, By Manufacturing Process
7.1. Global industry share by manufacturing process, 2016 & 2024
7.2. Injection molding
7.2.1. Market estimates and forecast, 2013 - 2024
7.2.2. Market estimates and forecast, by region, 2013 – 2024
7.3. Casting
7.3.1. Market estimates and forecast, 2013 - 2024
7.3.2. Market estimates and forecast, by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/automotive-air-intake-manifold-market
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