Automotive Exhaust Manifold Market Set to Reach US$10 Billion by 2030
The global automotive exhaust manifold market is on track to achieve a valuation of US$10 billion by the end of 2030, with a steady pace of growth expected throughout the forecast period. This market has become a pivotal sector in the automotive industry, playing a critical role in ensuring the smooth operation of vehicle engines. The exhaust manifold collects exhaust gases from engine cylinders and directs them into the exhaust system. Several factors are driving the expansion of this market, including the increasing demand for high-performance vehicles, stringent emission control regulations, and a growing focus on fuel efficiency.
Key Market Insights
- Demand for High-Performance Vehicles: The market is being driven by the rising demand for high-performance vehicles, which require top-tier exhaust manifolds to ensure optimal engine performance and durability.
- Emission Control Regulations: Stringent government regulations aimed at reducing vehicle emissions are boosting demand for efficient exhaust manifolds.
- Fuel Efficiency Focus: Automakers’ relentless pursuit of enhanced fuel efficiency is increasing the demand for lightweight and efficient exhaust manifolds.
- High Costs of Advanced Manifolds: The cost of advanced exhaust manifolds equipped with features like integrated catalytic converters and lightweight materials may limit adoption due to their high price points.
- Competition from Inferior Alternatives: The presence of low-cost, low-quality exhaust manifolds made from subpar materials poses a challenge as they can negatively impact engine performance and durability.
The rise of electric vehicles (EVs) presents significant growth opportunities for the automotive exhaust manifold market. EVs still require exhaust manifolds for noise reduction and cooling, and the demand for lightweight and efficient exhaust manifolds is expected to increase as automakers aim to enhance vehicle fuel efficiency.
Overview of Key Segments
- Material Dominance: Cast iron is projected to dominate the market due to its excellent thermal conductivity and durability, representing approximately 73% of the total market share.
- Fuel Types: Petrol remains the preferred fuel type, accounting for nearly 65% of the market revenue by 2022, driven by its prevalence in passenger cars and light commercial vehicles.
- Vehicle Types: Passenger cars are expected to claim the largest share of the market valuation, accounting for nearly 67% of the total revenue, driven by the demand for high-performance variants.
Growth Opportunities Across Regions
- Asia Pacific Dominance: Asia Pacific is set to dominate the market, driven by the presence of automotive manufacturing giants like China and India. The region currently accounts for over 50% of the market revenue.
- North America and Europe: These regions play significant roles due to stringent emission control regulations, collectively representing more than 1/3rd of the global market size.
The automotive exhaust manifold market is highly competitive, with both established industry players and newcomers vying for market share. Innovation in advanced exhaust manifold features, such as integrated catalytic converters and lightweight materials, is crucial to meet the growing demand for high-performance vehicles.
Prominent Players: Faurecia, Futaba Industrial, Denso Corp, Benteler International AG, Katcon SA, Sango Co, Ltd, SPM Autocmp, Tenneco, Yutaka Giken Co., and Friedrich Boysen Holding GmbH.
Browse Global Exhaust Manifold Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 – (By Product Type Coverage, By Fuel Type Coverage, By Vehicle Type Coverage, By Sales Channel Coverage, By Geographic Coverage and By Company): https://www.fairfieldmarketresearch.com/report/exhaust-manifold-market
Automotive Exhaust Emission Control Systems Market: https://www.fairfieldmarketresearch.com/report/automotive-exhaust-emission-control-systems-market
Automotive Filters Market: https://www.fairfieldmarketresearch.com/report/automotive-filters-market
Fairfield Market Research
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This press release first seen on Brilad