Automotive Air Intake Manifold (AIM) Market estimated to grow at impressive CAGR in the forecast period (2018-2023)

Summary:
The report on the Automotive Air Intake Manifold (AIM) Market has been launched in August,2018 by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offers insights into different market segments and other factors affecting the market.

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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Air Intake Manifold (AIM) Market is expected to inflate at impressive CAGR by the forecast period (2018 – 2023).

As per the report, the market is segmented by:
• By Vehicle Type: Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle
• By Manifold Type: Standard Air Intake Manifold, Variable Air Intake Manifold
• By Material Type: Composites, Aluminum, Other Materials
• By Manufacturing Process Type: Injection Molding, Casting
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/175/automotive-air-intake-manifold-market.html

Highlights of the Report:
The auto industry has efficaciously been undergoing the most dynamic and disruptive technological advancements since the last decade. This is also leaving a great impact on each of the major components including air intake manifolds. There have been various advancements in air intake manifold regarding design, material, process, etc. in order to meet the changing market requirements, addressing stringent regulations regarding fuel efficiency and carbon emissions, and to remain competitive in the market.

The growth prospects of the global automotive air intake manifold market seem vigorous in the coming years. It is estimated that the automotive air intake manifold market is projected to grow at a healthy rate over the next five years to reach US$ 3,387.2 million in 2023. Organic growth in automobile production owing to increasing disposable income and growing urbanization, and increasing demand for lightweight air intake manifold to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ Standards are some of the major growth drivers of the global automotive air intake manifold market.

The automotive air intake manifold market is segmented based on the vehicle type as Passenger Car, Light Commercial Vehicle, and Medium- & Heavy-Duty Commercial Vehicle. Passenger car is expected to remain the growth engine of the market during the forecast period. High number of car production and higher demand for lightweight products would continue to drive the segment over the next five years. It is estimated that approximately 481.9 million passenger cars are likely to be produced globally during 2018-2023. This represents a myriad of opportunities for the market players in the coming years.

Air intake manifolds were conventionally made from metals, such as cast iron and aluminum, but this trend has been changing with the change in the market dynamics. Stringent regulations are putting pressure on the automakers to either curb the overall vehicle weight or downsize the engines to increase fuel efficiency or reduce emissions. Air intake manifold could not escape itself from such regulations and experienced a significant change in the selection of materials over the period. The auto industry is rapidly moving towards lightweight materials, such as composites and magnesium, to make final component light in weight without sacrificing overall manifold performance.

Short fiber thermoplastics (SFT) are most widely preferred in the air intake manifold market as they offer many benefits over competing materials, such as low part cycle time, ability to manufacture complex products, recyclability, good surface finish, excellent strength to weight ratio, lightweight, and excellent temperature resistance. Composite air intake manifold is projected to further capture the market share of traditional metal-based air intake manifold during the forecast period.

Based on the process type, injection molding is likely to remain the most dominant process in the market during the forecast period. The auto industry looks for those manufacturing processes that can fabricate a final part in merely one to two minutes. Injection molding is perfectly suited to the automotive industry and is ideal for the mass-production of small- to medium-sized complex parts. Composites, the largest material type for air intake manifold, heavily rely on the injection molding process.

Based on regions, Asia-Pacific is expected to remain the largest air intake manifold market during the forecast period. The region is also expected to experience the highest growth during the same period. Increasing automobile production, mainly in China and India, is likely to drive the demand for air intake manifold in the region.

Europe is expected to remain the second largest automotive air intake manifold market over the next five years. However, the region is expected to experience a moderate growth due to low growth in the light vehicle production.

Key Players of the Market

The market is consolidated in nature with five major players AISAN INDUSTRY CO., LTD., Aisin Seiki Co., Ltd., American Axle & Manufacturing, MAHLE GmbH, Honda Foundry Co., Ltd. holding together the major share in the market, with Asian Industry Co., Ltd being the key player.
Other important firms are Keihin Corporation, Magneti Marelli S.p.A., Mann+Hummel Group, Mecaplast Group, MIKUNI Corporation, Röchling Automotive, Sogefi Group, Toyota Boshoku Corporation.

Features of the Report

The Report discusses about the working of the air intake manifold, the various types, and the growth of the air intake manifold in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

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This release was published on openPR.