The exhaust manifold is a unit which amasses the exhaust from the engine and distributes it to the tail pipe. The exhaust manifold plays a significant role in temperature reduction and additionally delivers energy to the turbocharger. Elevate in demand for engine performance has led developments in design of exhaust manifolds in order to capture optimal exhaust for the turbocharger.Cast iron might have been predominantly used to debilitate manifolds; however, presently, stainless steel is, no doubt used to accomplish decrease on weight, furthermore span of the motor. Stringent regulations forced by administrations through emanation control bring provoked those advancement about exhaust system that go along for those regulations. The innovations in the exhaust system such as less noise by the running motor attract lot of manufacturers and customers.
Market Size and Forecast
The Global Automotive Exhaust manifold accounted for a 32.1% market share in 2017 of the total market of exhaust system. During this timeline, the exhaust manifold touched a market value of around USD 7900 Million and is estimated to reach a valuation of more than USD 11.23 Billion by the end of the year of forecast (2027). This segment is the fastest growing segment and is expected to register a value CAGR of 4.1% throughout the period of assessment. It is also anticipated that this segment would gain a significant BPS by the end of 2027.
In terms of regional platform, Asia Pacific holds the largest market share in automotive exhaust manifold market. Asia Pacific realm has augmented the growth of 3.7% CAGR annually which showcase the growth of exhaust manifold in the particular region.China and India is the important contributor to the boom of automobile market because of the presence of principal passenger automobiles and heavy motor vehicle production business.CLICK TO DOWNLOAD FREE SAMPLE
Furthermore, North America is projected to develop at enormous tempo at some point of the forecast period. The automotive exhaust manifold market in Western Europe region is expected to grow at a promising growth rate during the forecast period as the vehicle production in Germany, France, Spain, U.K. and Italy is increasing at a high growth rate.Latin America and Middle East & Africa region are anticipated to grow at a significant pace due to the increasing sales of automotive vehicles.
Our-in depth analysis of the global automotive exhaust manifold market includes the following segments:
By Sales Channel
Global automotive exhaust manifold market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Global automotive exhaust manifold market is fully depending on the developing economies of using automobile vehicles in the developing nations such as Asia pacific countries like China and India which includes the personal disposal income of consumer who expect the long lasting engine and innovative technology in the automotive vehicle market. Exhaust manifold engine such as V-engine powered vehicles have both the sides exhaust value and thus, require two exhausts manifolds for every vehicle.
The engines of the heavy trucks additionally make use of exhaust manifolds. Thus, growth in manufacturing of such automobile engines and V-engine powered automobiles is projected to enhance the exhaust manifold device market.
High cost of stainless steel exhaust manifold material than cast iron exhaust material is expected to diminish the future market of stainless steel exhaust manifold system.
Some of the examples of market players in the global automotive exhaust manifold market identified across the value chain include:
Scope and Context
Overview of the Parent Market
The Global Automotive Exhaust Manifold market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment.
Direct access to analyst to help you understand the market in a better way to handle your critical question
Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved
Get 10% free customization