The Market of Automotive Air Intake Manifold to grow beyond US$ 3,387.2 million by 2023
February 13, 2020
Automotive Air Intake Manifold Market Overview:
The global automotive air intake manifold market is projected to grow at a healthy rate over the next five years to reach US$ 3,387.2 million in 2023. Organic growth in automobile production owing to increasing disposable income and growing urbanization, and increasing demand for lightweight air intake manifold to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ Standards are some of the major growth drivers of the global automotive air intake manifold market.
Report Overview:
This report, from Stratview Research, studies the air intake manifold market in the automotive industry over the forecast period of 2018 to 2023 and the trend period of 2012 to 2017. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Automotive Air Intake Manifold Market Segment Insights:
Passenger Car: The growth engine
The automotive air intake manifold market is segmented based on the vehicle type as Passenger Car, Light Commercial Vehicle, and Medium- & Heavy-Duty Commercial Vehicle. Passenger car is expected to remain the growth engine of the market during the forecast period. High number of car production and higher demand for lightweight products would continue to drive the segment over the next five years. It is estimated that approximately 481.9 million passenger cars are likely to be produced globally during 2018-2023. This represents a myriad of opportunities for the market players in the coming years.
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https://www.stratviewresearch.com/toc/175/automotive-air-intake-manifold-market.html
Dominance of: Short fiber thermoplastics
Air intake manifolds were conventionally made from metals, such as cast iron and aluminum, but this trend has been changing with the change in the market dynamics. Stringent regulations are putting pressure on the automakers to either curb the overall vehicle weight or downsize the engines to increase fuel efficiency or reduce emissions. Air intake manifold could not escape itself from such regulations and experienced a significant change in the selection of materials over the period. The auto industry is rapidly moving towards lightweight materials, such as composites and magnesium, to make final component light in weight without sacrificing overall manifold performance.
Short fiber thermoplastics (SFT) are most widely preferred in the air intake manifold market as they offer many benefits over competing materials, such as low part cycle time, ability to manufacture complex products, recyclability, good surface finish, excellent strength to weight ratio, lightweight, and excellent temperature resistance. Composite air intake manifold is projected to further capture the market share of traditional metal-based air intake manifold during the forecast period.
A highly/moderately/fragment consolidated Market
The supply chain of this market comprises raw materials suppliers, compounders, air intake manufacturers, distributors, automotive OEMs, and dealers. Major players in the market are Mann+Hummel Group, MAHLE GmbH, Magneti Marelli S.p.A., Aisin Seiki Co., Ltd, Röchling Automotive, and Honda Foundry Co., Ltd. Lightweight air intake manifold, and strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.
Regional Hegemony of Asia-Pacific
Asia-Pacific is expected to remain the largest air intake manifold market during the forecast period. The region is also expected to experience the highest growth during the same period. Increasing automobile production, mainly in China and India, is likely to drive the demand for air intake manifold in the region.
Europe is expected to remain the second largest automotive air intake manifold market over the next five years. However, the region is expected to experience a moderate growth due to low growth in the light vehicle production.
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