Automotive Exhaust Manifold Market
Automotive Exhaust Manifold Market - By Product Type, By Material Type,By Sales Channel,By Motorcycle Type & Global Region - Market Size, Trends, Opportunity, Forecast 2021-2026Request Sample Request Discount
Automotive exhaust manifold is a system that collects the engine exhaust gas from multiple cylinders and delivers it to the tall pipe. It plays an integral role in heat reduction and also delivers power to turbocharger. It also prevents poisonous exhaust vapor from sneaking into the vehicle and harming the people. Since, automotive exhaust manifold continuously contact with high temperature material used in manufacturing the system should be temperature resistant. Therefore, stainless steel is used to make automotive exhaust manifold to avoid disaster. It is designed in various forms such as wire mess gasket, embossed gasket, composite-graphite cameo gasket and spiral wound. It is used in both diesel and gasoline engine and all vehicle type such as PCV, LCV, HCV among others.
The market for automotive exhaust manifold is expected to reach at a CAGR of 3.6 percent during the forecast period. Increasing demand of high engine performance is the major factor driving the growth of the automotive exhausted manifolds market.
Growing urbanisation and rising disposable income has led to the increasing demand of high-performance vehicles which drives the growth of the automotive exhaust manifolds market. Also, increasing R&D activities and innovation of new technologies for the production of upright and reliable engine parts of the exhaust manifold in a very less time is contributing towards the estimated growth of the market. In addition, rising inclination of consumer towards performance oriented and luxurious driving comfort vehicle boost the growth of the automotive exhaust manifolds market. Moreover, government regulation for controlling the emission as well as surging demand from logistic industry are the factors contributing towards the estimated growth of the market. Furthermore, increasing vehicle production across the globe and rising need of safety features are factors accelerating the market growth. Now a days, light stainless steel is used to manufacture automotive exhaust manifolds that reduce the overall weight of the vehicle, which in turn fuels the growth of the market. Besides, it helps to increase the efficiency of the engine and reduce the back pressure which helps to gain power output.
Based on material, stainless steel segment dominates the market during the forecast period. This is attributed to the ability of the stainless steel to resist high temperature, lightweight and low cost of the material.
Throughout the forecast period, the passenger car segment is expected to hold the highest market share in the automotive exhaust manifolds system. This is due to the factors such as increasing income of middle-class population, rising demand of luxurious and sports car among the consumers.
AUTOMOTIVE EXHAUSTED MANIFOLDS MARKET SEGMENTATION:
By Product Type
- Log Manifold
- Tubular Manifold
By Material Type:
- Cast Iron
By Sales Channel:
- Original Equipment Manufacturer
By Motorcycle Type:
- Two Wheelers
- Passenger Car
- Hybrid Electric Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific
- Middle East & Africa
North America and Europe is likely to be the most profitable regions in the automotive exhaust manifolds market during the forecast period. This is due to rising disposable income and high lifestyle of the region that has led to the increasing demand of high-quality exhaust manifolds. Also, presence of various major players such as Tenneco Inc., Faurecia SA, E, Futaba Industrial Co. Ltd., Katcon, S.A. De C.V., Bentler Group, Eberspächer Climate Control Systems GmbH & Co. fuels the growth of the market in North America. Moreover, change in automotive industry in developed countries such as U.S and Germany has resulted into the growing demand of customized automotive exhaust manifolds. Therefore, manufacturers in the region are focused in developing model wise customized exhaust manifolds, which further contributes towards the growth of the market. Furthermore, adoption of advanced technology and rapid growing automotive industry in this region also boosts the growth of the market in this region.
However, Asia Pacific is also expected witness rapid growth in terms of market share due to presence of developing automotive industry in this region such as China and Japan. Also, factors such as stringent regulation imposed by government to control carbon emission and rising demand of passenger car are driving the growth of automotive exhaust manifold market in this region. Moreover, in countries, such as India, South Korea, China, and Japan, automobiles have become the primary mode of transportation. This factor is anticipated to create lucrative growth opportunities for the automotive exhaust manifolds market over the upcoming years. Moreover, a number of players in the Asia-Pacific automotive exhaust manifold market are adopting strategies such as joint ventures, long-term supply contracts, and mergers & acquisitions to sustain their market share in the global market. For instance, in October 2018, Faurecia SA, a French global automotive supplier formed a joint venture with Liuzhou Wuling Automotive Industry Co., Ltd. a leading automotive component manufacturing company in China to manufacture emissions control systems.
FEW KEY PLAYERS IN OXYTOCIN MARKET:
- Tenneco Inc.
- Faurecia SA
- Katcon, S.A. De C.V.
- Bentler Group
- Eberspächer Climate Control Systems GmbH & Co. KG
- Futaba Industrial Co. Ltd
- Sango Group
- Friedrich Boysen GmbH & Co. KG.
- Sejong Industrial Co. Ltd.
- Westcast Industries Inc.
- Yutaka Giken Company Limited
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