Press release
Automotive Air Intake Manifold Market is Moving Fast! | Major Key Companies are Röchling Automotive, Sogefi Group, Magneti Marelli, Tenneco, MAHLE, MANN+HUMMEL Group, Toyota Boshoku America
Major suppliers and manufacturers of automotive air intake manifolds includes Donaldson, Holley Performance, MIKUNI CORPORATION, Sogefi SpA, Magneti Marelli, ESTERLE Mold and Machine, AISIN SEIKI Co., Ltd. and MAHLE GmBH. These companies are involved in mergers and acquisitions that would help them introduce new ideas and expand their production capacity.
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The global automotive air intake manifold market can be segmented based on material, manufacturing process, manifold, vehicle and distribution channel. According to reports, the commercial vehicle segment is expected to exceed the valuation of more than USD 5 billion by 2026. Commercial vehicles are extensively used for logistics and transportation purposes.
Favorable trends associated with online business platforms and the global logistics environment is anticipated to offer light commercial vehicle segment to grow at a healthy pace. Moreover, increasing consumer spending and favorable government policies could stimulate overall passenger vehicle sales, thereby influencing automotive air intake manifold industry outlook.
The air intake manifold market has experienced a significant change in a material selection over the recent years. The market is moving towards plastic-based materials to make lightweight components that compile with performance and safety standards. It is estimated that Magnesium air intake manifolds would tap around 20% of the market share by 2026. This could be credited to the product's lightweight offering compared to cast iron and aluminum as well as its superior casting ability and excellent strength.
Regionally speaking, Asia Pacific is projected to account for around half of the overall automotive air intake manifold market share. The regional market is expected to witness exponential growth in terms of automobile production. Moreover, favorable government policies coupled with changing customer preference is expected to fuel the demand in APAC automotive air intake manifold market.
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Automotive air intake manifold industry has been distributed into different segments on the basis of material, manufacturing process, distribution channel, vehicle and manifold. Heavy commercial vehicles segment is slated to register a revenue of over USD 5 billion by the year 2026. This increase will be mainly attributed to the surging use of such vehicles by the transportation sector and logistics company for to meet increasing trade demand.
Magnesium material segment will account for nearly 20% of total automotive air intake manifold market share up to 2026 owing to its extensive use for its lightweight properties compared to cast iron and aluminum. It provides superior castability and strength to the vehicles.
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