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United States Aftermarket For Exhaust Manifolds For Heavy Duty Trucks Market To Grow By A CAGR of 6.05% During 2020-2028; Market To be Driven by Increasing Production and Sales of Heavy Commercial Vehicles Across the United States

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Research Nester has released a report titled U.S. Aftermarket For Exhaust Manifolds For Heavy Duty Trucks Market – Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global U.S. aftermarket for exhaust manifolds for the heavy-duty truck market in terms of market segmentation by material, type, engine type, truck type and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The U.S. aftermarket for exhaust manifolds for the heavy-duty truck market is segmented by material into stainless steel and cast iron, out of which, the cast iron segment registered the largest market share in the year 2019 and is further projected to grow with a CAGR of 5.76% during the forecast period, i.e. 2020-2028. The segment which registered a value of USD 46.9 million in the year 2019, is further projected to reach USD 66.0 million by the end of 2028 as they are less expensive and pocket friendly, and also possesses numerous benefits that include high durability, long shelf life and others. The stainless-steel segment, on the other hand, is anticipated to grow with the highest CAGR of 6.85% during the forecast period.

The U.S. aftermarket for exhaust manifolds for the heavy-duty truck market is anticipated to record a CAGR of 5.76% during the forecast period. The market, which registered a value of USD 46.9 million in the year 2019, is further projected to reach USD 66.0 million by the end of 2028 on account of the increasing demand for heavy-duty vehicles in the automotive industry, growing demand for aftermarket vehicle spare parts from the transportation and logistics industries, and the increasing implementation of stringent regulations by the U.S. government for their focus to reduce emissions from heavy-duty vehicles.

Increasing Production and Sales of Heavy Commercial Vehicles Across the United States

The International Organization of Motor Vehicle Manufacturers (OICA), in one of its statistics, stated that, in the year 2019, the U.S. produced nearly 346, 366 units of heavy commercial vehicles, which was an increase by 5.6% from the year 2018.

The demand for exhaust manifolds is anticipated to grow significantly over the years backed by the growing production of heavy commercial vehicles in the U.S. Exhaust manifolds are used widely in the engine of heavy trucks as they provide greater efficiency to the engines of the vehicle. The surge in the sales of the heavy commercial vehicles during the recent past, coupled with the change in focus amongst the manufacturers of automotive parts to manufacture lightweight spare parts using advanced alloys, and the significant properties of advanced materials that allow to enhance the efficiency of the exhaust system of engines are some of the factors that are raising the demand for exhaust manifolds which in turn is anticipated to drive the growth of the U.S. aftermarket for exhaust manifolds for the heavy-duty truck market.

However, concerns for the high cost of stainless-steel exhaust manifolds which hampers its adoption, along with the few non-supportive properties of stainless-steel, that can pose a threat to the exhaust system of engines are some of the factors anticipated to lower the growth of the U.S. aftermarket for exhaust manifolds for the heavy-duty truck market.

This report also provides the existing competitive scenario of some of the key players of the U.S. aftermarket for exhaust manifolds for the heavy-duty truck market, which includes company profiling of Cadillac Casting, Inc., Aisin World Corp. of America, MetalTek International, CAB Incorporated, and Wescast Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the U.S. aftermarket for exhaust manifolds for the heavy-duty truck market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.


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