According to the 2022 automotive exhaust manifold market analysis report, the current market valuation stands at 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 vital component of automotive exhaust systems, designed to prevent harmful fumes from entering the vehicle’s cabin. The market is expected to experience significant growth, driven by attributes such as lightweight construction, high strength, and load capacity. Additionally, the strong corrosion and impact resistance of these manifolds enhances the performance of vehicles.
A key driver of market growth is the rising demand for alternative fuel vehicles, including hybrid and electric automobiles, which offer greater fuel efficiency than traditional vehicles. This trend is supported by both manufacturers and regulatory authorities.
However, market growth may be tempered by rising fuel costs and an increasing preference for alternative technologies, potentially leading to a decline in certain applications and sales of automotive exhaust manifolds in the near future.
Regions such as China, India, and ASEAN countries are expected to spearhead growth in the automotive timing chain and belt market, fueled by the expanding auto industry in these areas. As vehicle sales continue to rise in the Asia-Pacific region (excluding Japan), the demand for automotive timing chains and belts is anticipated to increase significantly 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.
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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