According to the 2022 automotive exhaust manifold market analysis report, the current market valuation is approximately USD 9,693.3 million. The global automotive exhaust manifold market is projected to grow at an annual rate of 3.7% through 2026, reaching an estimated value of USD 11,219.6 million by the end of the forecast period, as reported by Future Market Insights (FMI).
The exhaust manifold is a critical component of automobile exhaust systems, preventing harmful fumes from entering the vehicle’s cabin. The market for automotive exhaust manifolds is expected to experience significant growth due to attributes such as lightweight construction, high strength, and load capacity. Additionally, strong corrosion and impact resistance enhance the performance of vehicles equipped with these manifolds.
A key driver of the market’s growth is the increasing demand for alternative fuel vehicles, including hybrid and electric automobiles, which are more fuel-efficient than traditional vehicles. This trend is supported by both manufacturers and regulatory authorities.
Despite these advantages, market growth is constrained by rising fuel costs and a growing preference for alternative technologies. This is expected to result in a decline in some applications and sales of automotive exhaust manifolds in the near future.
China, India, and ASEAN countries are anticipated to lead the global automotive timing chain and belt market growth due to the expanding auto industry in these regions. Additionally, as vehicle sales increase in the Asia-Pacific excluding Japan (APEJ) region, the demand for automotive timing chains and belts is expected to rise over the next decade.
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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)
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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