November 23rd,2022/IndustryNewsGlobal/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the
Automotive Air Intake Manifold Market.
Automotive Air Intake Manifold Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics decision-making business decision making and growth strategy formulation based on the opportunities present in the market.
Market Insights
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.
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Key Players
Major players in the market are-
• Mann+Hummel Group
• MAHLE GmbH
• Magneti Marelli S.p.A.
• Aisin Seiki Co., Ltd
• Röchling Automotive
• Honda Foundry Co., Ltd.
Segment Analysis
By Vehicle Type
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.
By Material Type
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. The composite air intake manifold is projected to further capture the market share of traditional metal-based air intake manifolds during the forecast period.
By Process Type
Injection molding is likely to remain the most dominant process in the market during the forecast period. The auto industry looks for those manufacturing processes that can fabricate a final part in merely one to two minutes. Injection molding is perfectly suited to the automotive industry and is ideal for the mass-production of small- to medium-sized complex parts. Composites, the largest material type for air intake manifold, heavily rely on the injection molding process.
Regional Insights
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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Automotive Air Intake Manifold Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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