The published report covers information about the Automotive Exhaust Manifold market dynamics & trends, value (US$ Mn) volume (Units) projections, competition, recent developments and macro factors in the global Automotive Exhaust Manifold market for the study period 2018 to 2026.
The global Automotive Exhaust Manifold market is expected to reach US$ 11,219.6 Mn by 2026 with a CAGR of 3.7% for the period between 2018 and 2026. The increasing demand for vehicles is expected to drive the demand in the automotive exhaust manifold market.
Brief Overview of Research Methodology
FMI uses a triangulation methodology and modelling-based approach, which includes, market profiling, pricing analysis, hypothesis generation, data collection, competition mapping and forecast development. Also, the report analyses the top companies in the Automotive Exhaust Manifold market.
In order to evaluate the global value sales in the Automotive Exhaust Manifold market, we analyzed the vehicle production and parent market overview to arrive on market numbers.
Also, the sales of each Automotive Exhaust Manifold product type (log manifold, tubular manifold) in the global market has been analyzed for all the key countries as well as key regions considered under the scope of this research.
Automotive Exhaust Manifold Market: Growing Need of Vehicles to Support Demand
Growth of urbanization and industrialization has placed the Automotive Exhaust Manifold market in a good position around the globe. Increasing demand from the logistics industry, due to the growth of automation and related technologies, coupled with the government focus on curbing vehicle emissions, is anticipated to fuel the demand for Automotive Exhaust Manifold in the coming years.
The multi-functionality of Automotive Exhaust Manifolds enables them to perform tasks effectively and with increased accuracy, which is expected to drive the Automotive Exhaust Manifold market throughout the forecast period.
Significant demand from the aftermarket replacement is also expected to drive the market owing to factors such as vehicle customization and modification.
The high initial investment required for automotive exhausts, coupled with the growing number of people using conventional vehicles, has created an opportunity for new transportation solutions such electric vehicles, which is estimated to pose a prominent challenge for the Automotive Exhaust Manifold market.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Growth of Cast Iron Manifold to Drive Demand for Automotive Exhaust Manifold
Cast iron manifold is a prominent segment in the Automotive Exhaust Manifold market, owing to the low cost and longer durability of cast iron manifold, which makes it the preferred choice among manufacturers.
Passenger Car to Be a Prominent Vehicle Type in Automotive Exhaust Manifold Market
The passenger car segment is expected to be a significant segment in the Automotive Exhaust Manifold market. This segment covers various types of passenger vehicles used in day to day life. Therefore, the passenger car segment is estimated to grow at a significant CAGR during the forecast period, followed by the cargo segment.
APEJ, Western Europe and North America to Remain High Value – High Growth Regions in Automotive Exhaust Manifold Market
On the basis of region, the Automotive Exhaust Manifold Market has been segmented into seven regions: Western Europe, Latin America, North America, Japan, APEJ, Eastern Europe and MEA. APEJ is pegged to be a significant market with high demand stemming from the passenger car segment.
North America is home to key automotive manufacturers such as Ford, General Motors, Nissan and Daimler. Moreover, the region is also home to some important Automotive Exhaust Manifold manufacturers such as Tenneco Inc., Faurecia SA, E, Futaba Industrial Co. Ltd., Katcon, S.A. De C.V., Bentler Group, Eberspächer Climate Control Systems GmbH & Co. KG Sango Group, Friedrich Boysen GmbH & Co. KG and Denso Corporation. Thus, North America is slated to be a significant market for Automotive Exhaust Manifolds.
Manufacturers Rely on Supply Contracts with Geophysical Companies to Sustain in Automotive Exhaust Manifold Market
A number of manufacturers in the Automotive Exhaust Manifold Market rely on long-term supply contracts, joint ventures and mergers & acquisitions to sustain their market share in the Automotive Exhaust Manifold market.
For instance, in October 2018, Faurecia SA formed a joint venture with Liuzhou Wuling Automotive Industry Co., Ltd (China leading automotive component manufacturing company) to manufacture emissions control systems.
Similarly, in August 2018, Eberspacher formed a joint venture with a holding company of Guangxi Yuchai Machinery Co. Ltd for the production of exhaust systems. This joint venture will produce, develop and market new exhaust emission control systems for commercial vehicles.
Overview of Automotive Exhaust Manifold Market Structure
The global Automotive Exhaust Manifold market is a highly consolidated one with major players such as Tenneco Inc., Faurecia SA, Katcon, S.A. De C.V., Bentler Group, Eberspächer Climate Control Systems GmbH & Co. KG, Futaba Industrial Co. Ltd, Sango Group, Friedrich Boysen GmbH & Co. KG., Sejong Industrial Co. Ltd., Westcast Industries Inc. and Yutaka Giken Company Limited accounting for significant share of the global Automotive Exhaust Manifold market.
Summary: Automotive exhaust manifold market to witness sustained growth owing to increasing demand for vehicles by people. Multi-functionality of automotive exhaust manifold to boost sales in the global market.
Automotive Exhaust Manifold Market Segmentation
- After Market
- Cast Iron
- Stainless Steel
By Product Type
- Log Manifold
- Tubular Manifold
- V Line
- Passenger Car
- Passenger Car