Sellbyville, DE -- (SBWIRE) -- 01/29/2019 -- Automotive Air Intake Manifold Market is projected to cross 150 million units with USD 51 Billion by 2024.Air intake manifold revenue from HCVs crossed USD 3.4 billion in 2016 and is estimated to grow with 5.6% CAGR during the forecast period. Increasing use of commercial vehicles for goods & commodity transportation is driving the heavy commercial vehicle segment. In 2016, the sale of medium & heavy commercial vehicle in U.S. increased by nearly 10% than the previous year.

Aluminum dominated the air intake manifold market as use of aluminum in manifolds ensures high strength and reduce the weight of the product. The revenue from aluminum segment crossed USD 13 billion in 2016 and will exhibit 5% CAGR during the forecast timeframe. Magnesium is estimated to grow with highest CAGR owing to its superior features than the other alternatives. However, the high price of magnesium may limit the product adoption.

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Röchling Automotive, a German based plastic processing group has recently set a new benchmark for players in automotive air intake manifold market by introducing polypropylene (PP) based intake manifolds. The company has exploited PP's low-density characteristic to successfully optimize the weight, cost, and acoustics of air intake manifolds. In consequence, most of the automotive manufacturers are now expected to give preference for polypropylene based intake manifolds, which will significantly stimulate automotive air intake manifold industry share over the years ahead. Moreover, the components manufactured with PP as a base material are less energy-intensive and contribute to minimize carbon emissions in the environment. This benefit is in line with the growing deployment of strict rules and regulations related to CO2 emissions, and would considerably impel worldwide automotive air intake manifold market.

Automotive Air Intake Manifold Market by Material

Aluminum
Magnesium
Plastic/other composites
Iron

Automotive Air Intake Manifold Market by Manifold

Single Plane
Dual Plane
EFI
HI-RAM
Supercharger

Many renowned giants in automotive air intake manifold industry are making heavy investments to develop advanced green technology to comply with the environmental requirement of automobile manufacturers. The popular Italian car manufacturer, Ferrari has launched a new car model Portofino, manufactured with an innovative design and cutting-edge production techniques featuring light weight components. In order to achieve maximum mechanical efficiency and enhance performance of an engine the company has designed high tumble intake manifolds, which helps to reduce the energy losses during air intake. Considering the benefits of engine efficiency, most of the consumers are thus, replacing their damaged intake manifolds with advanced products such as the aforementioned, which has considerably propelled automotive air intake manifold industry from automotive aftermarket. According to estimates, automotive air intake manifold market size is slated to record a CAGR of 6.4% over 2017-2024 from aftermarket channel alone.

In order to enhance the air quality by minimizing pollutants emitted from road transport vehicles, the EU has deployed fairly strict emission regulations across the continent. The BS VI standards are likely to bring Indian motor vehicle regulations at par with the European Union (EU) regulations for heavy-duty trucks, buses, two-wheeled vehicles, commercial vehicles, and light-duty passenger cars. Global Market Insights, Inc., estimates that, in the coming years, pertaining to the rapid industrialization, the demand for heavy commercial vehicles will increase noticeably, which would lead automotive air intake manifold market share from HCVs to grow at a CAGR of more than 5.7% over 2017-2024.

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Germany on the other hand, houses some of largest automobile manufacturing firms such as Volkswagen, Audi, Mercedes Benz, and BMW, which would considerably stimulate Germany automotive air intake manifold market. In addition, escalating demand for passenger cars across the region, resulting in an increase in the vehicle production will further augment the regional growth.

Reputed players such as MAHLE Gmbh, Aisin Seiki Company Limited, Keihin Corporation, Röchling Group, Mikuni Corporation, and Sogefi S.p.A partaking in automotive air intake manifold industry share have been focusing on expanding their consumer base and brand visibility across myriad geographies. Citing an instance, in the second quarter of 2017, Rochling Group commissioned its first automobile manufacturing plant in Mexico.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.