As per the automotive exhaust manifold market analysis report for 2022, the current valuation of the overall market is nearly US$ 9,693.3 Million. The global automotive exhaust manifold market is expected to increase by 3.7% annually through 2026 and is expected to reach a value of nearly US$ 11,219.6 Million by the end of this forecast period, according to Future Market Insights (FMI).
The exhaust manifold is a crucial component of automobile exhaust systems because it prevents dangerous exhaust fumes from entering the car and contacting the occupants. The market for automobile exhaust manifolds is to witness an impressive growth advance thanks to significant attributes like light weight, high strength, and load capacity. Strong corrosion and impact resistance also result in greater performance of cars with exhaust manifolds.
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Another main reason for the automotive exhaust manifold market’s consistent expansion over the first half of the projected period is the growing popularity of the principal factors for this change in growth rate. This promotes greater demand for automotive exhaust manifold for alternate fuel vehicles by manufacturers and authorities, such as hybrid and electric automobiles, which are substantially more fuel-efficient than conventional vehicles.
Regardless of these several advantages, automotive exhaust manifold market growth has been constrained by rising fuel costs in the automotive sector and a rising preference for other substitutes, which is projected to result in a decline in some applications and sales of automotive exhaust manifold in the near future.
Due to the rise of the auto industry in the area, China, India, and the ASEAN nations are anticipated to lead the globe in automotive timing chain and belt market growth. Additionally, as more cars are being sold in APEJ, more automotive timing chains and belts are anticipated to be sold throughout the evaluation period of 10 years.
Key Takeaways from Automotive Exhaust Manifold Market Study
- The period between 2022 and 2032 is expected to have a significant CAGR of 3.5% in the worldwide market resulting in overall growth of the global automotive exhaust manifold market of around US$ 5 Billion over the next ten years.
- Similar product releases and innovations is expected to boost the market’s expansion. According to Future Market Insights, through the years 2022 to 2032, the worldwide automotive exhaust manifold market is anticipated to grow at a CAGR of about 4% in terms of total volume.
- Over the projection period, it is anticipated that the demand for automotive exhaust manifold in the APEJ market would increase at an above average CAGR of 4.3% in terms of value.
Competitive Landscape for the Global Automotive Exhaust Manifold Market
Some of the well-known automotive exhaust manifold market players are Faurecia SA, Tenneco Inc., Eberspächer Climate Control Systems GmbH & Co. KG, Futaba Industrial Co. Ltd, Katcon, S.A. De C.V., Benteler Group, Sango Group, Friedrich Boysen GmbH & Co. KG., Sejong Industrial Co. Ltd., Westcast Industries Inc., Yutaka Giken Company Limited, DuPont, Mahle GmbH, Denso Corporation, and SPM Autocomp Systems among others.
Numerous new manufacturers have arisen in the global marketplace, mainly in China and India. The frequency of mergers and business expansion to enhance automotive exhaust manifold market trends has increased during the past several years. Several large corporations are also attempting to boost the effectiveness of exhaust manifolds for different types of automobiles.
Recent Developments in the Global Automotive Exhaust Manifold Market:
2018 October 1: Faurecia S.A. engaged established a joint venture for the production of all emissions control system components with Liuzhou Wuling Automobile Industry Co., Ltd., which is China’s top producer of automotive components.
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Global Automotive Exhaust Manifold Market by Category
By Product Type:
- Log Manifold
- Tubular Manifold
By Engine Type:
- V Engine
- Inline
By Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Fuel Type:
- Gasoline
- Diesel
By Sales Channel:
- OEM
- Aftermarket
By Material Type:
- Cast iron
- Stainless Steel
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East and Africa (MEA)
- Japan
- Asia Pacific excluding Japan (APEJ)
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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