Global Automotive Intake Manifolds Market: Snapshot
The global automotive intake manifold market is being fueled by strict government regulations that are coaxing automobile manufacturers limit the weight of the vehicle. An automotive intake manifold is an integrated assembly which is placed atop the vehicle’s engine. It includes several tubes that ensure even distribution of fresh air to all the cylinders. The rapid rise in the vehicle production across the globe is projected to augment the demand for automotive intake manifolds in the coming years. According to the research report, the opportunity in the global automotive intake manifolds market is expected to be worth US$58.7 bn by the end of 2024 as compared to US$42.7 bn in 2015. During the forecast years of 2016 and 2024, the global market is projected to progress at a CAGR of 3.6%.
Stringent Regulations to Limit Vehicle’s Weight Augment Demand for Automotive Intake Manifolds
The increasing sophistication in the development of modern automobile engines has been the key factor influencing the demand for automotive intake manifolds across the globe. Further, shorter model cycles, consumption specifications, and emission regulations have also been pivotal to the development of improved automotive intake manifolds. The market is also projected to benefit from the strict government policies and regulatory framework such as The Corporate Average Fuel Economy (CAFÉ) Standards that have been implemented to restrict the weight of vehicles. Such supportive regulations are projected to boost the demand for automotive intake manifolds in the near future. All of these factors are projected to catapult the adoption of automotive intake manifolds during the forecast period.
Aluminum Remains Popularly Used Material in Production of Automotive Intake Manifolds
On the basis of materials used for making automotive intake manifolds the market is segmented into plastic, aluminum, and composites. The study indicates that aluminum held the dominant share in 2015 as it is an excellent material that adds the least amount of weight to the final product. Aluminum is also being used as it completely eliminates the chances of rusting. However, the stringent regulations are gradually pushing the automotive industry to opt for lighter materials such as composites, plastics, and magnesium in the production of automotive intake manifolds. Analysts anticipate that the composites segment will witness significant momentum in the coming years as it is gaining widespread popularity.
Automotive intake manifolds are used in vehicles such as passenger vehicles, heavy commercial vehicles, and light commercial vehicles. As of 2015, passenger vehicles held a significant share in the global market. The various vehicles under this category are sports-utility vehicles, multi-utility vehicles, sedans, and hatchbacks.
Booming Sales of Passenger Cars across Asia Pacific puts Region in Lead
In terms of geography, the global automotive intake manifolds market is segmented into the Middle East and Africa, North America, Europe, Asia Pacific, and South America. Asia Pacific held a significant share in the global automotive intake manifold market in 2015. The primary factors fuelling the growth of Asia Pacific market are rapid technological innovations and considerable investments in the automotive manufacturing industry. Additionally, the rising demand for passenger vehicles and light commercial vehicles across the region is also boosting the production of vehicles, which has created a significant demand for automotive intake manifolds. Analysts anticipate that Europe followed the Asia Pacific market closely in 2015. Collectively, these regions held a whopping share of 65% in the global market in 2015.
The key players operating in the global automotive intake manifolds market are Mann+Hummel Group, MAHLE GmbH, Aisin Seiki Co., Ltd., Magneti Marelli S.p.A., and Röchling Group among others.
Automotive Intake Manifold Market: Brief Account
Stringent regulations by governments across nations to make automobiles fuel efficient has led to a surge in the demand for automotive intake manifold. In order to make automobiles fuel efficient, it is important to make them light-weight and for this, government bodies such as The Corporate Average Fuel Economy (CAFÉ) Standards have urged manufacturers to opt for light-weight vehicle components, which in turn are benefitting the global automotive intake manifold market. As a result of this, aluminum is being widely adopted to manufacture automotive intake manifolds. In fact, plastics are also gaining traction and are expected to reduce considerable weight of automotive intake manifold and help manufacturers achieve the desired fuel economy.
Investors can make use of forecasts for key economic indicators provided in this research report, so as to be able to create and update market performance scenarios as well as build market entry strategies. The report provides a better understanding of where the income growth is strongest in order to target growth and expansion plans around the right segments of the market. It examines the trends and behaviors from a regional as well as global perspective, including consumer lifestyle, income distribution, and social and demographic trends to give readers or investors better idea of the preferences of consumers. The report sizes the market and analyzes distribution channels. It also compares brand and company shares, and identify demand drivers. Top of Form
For those wishing to invest in the global automotive intake manifold market, this research report will help save both time and money, and at the same time empower investors to make informed and meaningful decisions, leading to profits.
Automotive Intake Manifold Market: Trends and Opportunities
Sophistication has become an important characteristic in the production of modern automobile engines and is one of the key factors determining the demand for automotive intake manifolds worldwide. Emission regulations, consumption specifications, and shorter model cycles are factors considered to ensure the development of improved automotive intake manifolds. In the years to come, the global automotive intake manifolds market is predicted to witness a remarkable growth on account of supportive government regulations.
Automotive Intake Manifold Market: Geographical Analysis
In terms of geography, the global automotive intake manifolds market is segmented into North America, the Middle East and Africa, Europe, Asia Pacific, and South America. Of these, the market for automotive intake manifolds appeared to be strongest in Asia Pacific. The region held held a significant share in the market in 2015. It is likely that the Asia Pacific automotive intake manifolds market is flourishing on account of rapid technological innovations, growing demand for passenger and commercial vehicles, and significant investments made in the automotive manufacturing industry. Surge in automobile production is expected to boost the demand for automotive intake manifolds in Asia Pacific. It is predicted that Europe will be the second most lucrative regional segment in the coming years.
Automotive Intake Manifold Market: Companies Mentioned
the global automotive intake manifold market is extremely fragmented with the presence of several players such as Mann+Hummel Group, MAHLE GmbH, Aisin Seiki Co., Ltd., Magneti Marelli S.p.A., and Röchling Group among others. Companies are focusing on product innovation and achieving it through intense research and development. Players are participating in strategic collaborations to acquire a bigger portion of the market share.
Market segmentation based on geography:
- North America
- Asia Pacific
- Rest of the World
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments