The Automotive Intake Manifold Market are expected to be worth US$ 60 billion by the end of 2033. According to research analyst, the market for automotive air intake manifolds is primarily being driven by increased auto production and sales, increasing demand for fuel-efficient automobiles, and strict government regulations to lower car emissions.
According to FMI, the Automotive Intake Manifold Market is expected to be valued at US$ 31.4 billion in 2023 and to grow at a CAGR of 6.7% from 2023 to 2033.
Attributes | Details |
---|---|
Market Size (2022) | US$ 30.2 Billion |
Market Size 2023 | US$ 31.4 Billion |
Market Size 2033 | US$ 60.0 Billion |
Value CAGR (2023 to 2033) | 6.7% |
The Automotive Intake Manifold Market are anticipated to grow significantly over the forecast period owing to the rise in demand from automotive The intake manifold help in the cool down of the engine and also prevents overheating of the engine.
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The Automotive Intake Manifold Market has witnessed a historic growth rate of 2.1% from 2018 to 2022.
Since the past two decades, urban population has grown significantly. The growing urban population has been driving demand for vehicle production, which in turn create substantial demand for intake manifold. In the upcoming years, it is predicted that the global economic boom would intensify. Growth of the manufacturing sector, automotive and auto-parts production, reflect increased global growth momentum which is thereby driving the market growth.
The automotive manifold is one of the most important part in the vehicle. To make it easier to distribute fuel and air for internal combustion, automotive engine assemblies use intake manifold systems. This system, which has been around since the introduction of automobiles, can be used in both conventional prototypes and the computerized controlled fuel injection system. The design & fabrication and materials used, have a significant impact on the development of the product and help to increase efficiency. For automotive intake manifold few of the manufacturers have filed patent applications for prototypes using different material and design. Aluminium was originally the material of choice, but other materials, such plastic and magnesium, eventually is taking place. This led to a considerable decrease in engine weight and enabled a high degree of thermal and mechanical resistance. The increasing demand for light weight material in the automotive components have been driving the market of automotive components, which is thereby driving the automotive intake manifold market.
The favourable macro-economic factors and growing automotive industry are estimated to boost market growth by 6.7% between 2023 and 2033.
Using innovation to fuel market expansion
Modern engines have incredibly high requirements. Today's engines are built to have low emissions and excellent performance. The demands for new engines have been met by expanding innovation and rising investment in research and development. Manufacturers are investing heavily in research and development to design components which can help in low carbon emission, are light weight, and deliver excellent performance.
Government Regulations and Mandates Pertaining to Fuel Efficiency and Emissions.
Stricter regulations imposed by various governments regarding emission control combined with increasing competition demands the automotive industry to constantly look for ways to improvise their products. Over the past few decades, advancement in technology has accelerated research and development of power-train systems demanding lesser fuel consumption, enhanced robustness and increased efficiency. The efficiency of an automobile is holistically determined by various systems consisting of several components and sub-components working in close relation. One such system which significantly adds to the efficiency of the vehicle is the type of intake manifold used.
East Asia to Dominate the Market.
East Asia leads the market owing to the high vehicle manufacturing in the region along with the increasing environmental awareness in China through financial alteration. Due to the growing population and increase in consumer expenditure, consumption from East Asia is expected to increase rapidly during the projection period. East Asia is expected to hold a foremost share of the global market. Asia accounted for roughly 60% of entire passenger car development worldwide. Countries such as China, are foremost producers of passenger cars as well as main vehicle exporters in this region. The occurrence of high quantity of vehicle manufacture and engine assembly companies in Japan, and China collective with growing implementation of automotive ignition system in passenger vehicles through the above-mentioned countries has occasioned in the great demand for market in East Asia regions. This, in order has donated to the foremost share of East Asia in the worldwide market. East Asia is anticipated to hold 18% of the total automotive intake manifold market.
North America to Dominate the Market.
The demand for intake Manifold in North America have been increasing significantly and this trend is predictable to continue over the coming years. These attributable to strategic expansion by market player for enhancing market attendance in the region. North America accounts for a noteworthy development of automotive intake Manifold market, owed to comparatively high-value share of the automotive market. The growing acceptance of direct injection engines by automotive OEMs and growth in vehicle production in North America shall lead to the development of the market. These factors are anticipated to generate positive impact for the market growth in this region. In the North American region USA is anticipated to display high growth of market owing to enhanced manufacture of automobiles.
Strong demand for passenger automobiles will be brought on by rising middle class income and a sizable young population. A rising range of affordable car models, better road infrastructure, and a rapid uptake of CNG vehicles in the nation are all factors contributing to growth in the automotive industry. Other factors that are projected to increase demand for passenger cars includes the anticipated entry of foreign brands like Kia, SAIC, and Daihatsu, rising disposable income, expanding presence of mobility providers, and self-driving firms. All this is strongly supporting the growth of the automotive components and spear parts market, which is indirectly boosting the growth of the automotive intake manifold market. The passenger car segment is anticipated to grow at a healthy CAGR of 5.1% by 2033.
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Global Automotive Intake Manifold Market is mostly fragmented with numerous number of small and medium sized manufacturers due to moderate manufacturing costs and high demand. Major market players, includes Magneti Marelli S.p.A., Röchling Group, Aisin Seiki Co., Ltd, MAHLE GmbH, and Donaldson Company are among others. Many leading manufacturers and supplier have longstanding contracts with end-users to supply automotive parts. Key manufacturers are focused on establishing their manufacturing facilities in the countries such as United kigdom, USA, and China to cater increasing demand in the region.
Attribute | Details |
---|---|
Growth Rate | CAGR of 6.7% from 2023 to 2033 |
Base Year for Estimation | 2023 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Product Type; Material; Application; Region |
Regions Covered | North America; Latin America; East Asia; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan & Baltic Countries; South Asia & Pacific; Middle East and Africa |
Key Countries Covered | USA, Canada, Mexico, Brazil, Argentina, Germany, Italy, France, United kingdom, Spain, BENELUX, Poland, Hungary, Romania, Czech Republic, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, Gulf Cooperation Council (GCC), Türkiye, South Africa, Northern Africa, Israel |
Key Companies Profiled | Edelbrock L.L.C.; Magneti Marelli S.p.A.; Röchling Group; Holley Performance Products; Sogefi SpA; Keihin North America, Inc.; Aisin Seiki Co., Ltd; MAHLE GmbH; Donaldson Company; Novares; Mikuni Corporation |
Customization & Pricing | Available upon Request |
In 2022, the value of the Automotive Intake Manifold Market reached over US$ 31.4 Billion
The Automotive Intake Manifold Market is projected to reach US$ 60.0 Billion by the end of 2033.
East Asia region is projected to lead the Automotive Intake Manifold Market in the forecast period.
During the forecast period, the Automotive Intake Manifold Market is estimated to expand at a CAGR of 6.7% during 2023 to 2033.
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