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The automotive exhaust manifold market size is estimated to grow at a CAGR of 5.4% between 2023 and 2028. The market size is forecast to increase by USD 735.08 million. The growth of the market depends on several factors such as the growth in the production volume of passenger vehicles, the increasing use of lightweight and advanced alloys, and the stringent regulatory norms and standards on vehicular emissions.
This automotive exhaust manifold market report extensively covers market segmentation by application (passenger car and commercial vehicle), fuel type (gasoline and diesel), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018-2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing use of lightweight and advanced alloys is the key factor driving market growth. Automobile manufacturers have raised the use of tubular steel exhaust pipes on low-end vehicles, helping to improve the overall performance of exhaust systems. Automotive exhaust manifold serves an important function of collecting exhaust fumes after the combustion process in an engine. Therefore, the type of material used in the manufacturing of exhaust manifolds is of utmost importance as it determines reliability and durability.
Furthermore, various grades of aluminized steel are being used, which offer a high thermal expansion coefficient and durability. Stainless steel grades are expensive compared with cast iron exhaust manifolds owing to superior mechanical properties. Hence, the increasing use of stainless steel in mass-production vehicles, such as entry-segment passenger vehicles, will drive the growth of the market during the forecast period.
Developments in exhaust manifold designs for turbocharged diesel engines is the primary trend shaping market growth. In turbocharged diesel engines, the design of the valve system, exhaust gas recirculation, and exhaust pipes as well as the turbocharger is extremely important. Players operating in the global automotive exhaust market use advanced design analysis and simulation techniques to accurately configure exhaust pipes. Configuration includes a split and splitless receiver.
Moreover, some of the important design parameters in an exhaust manifold are high exhaust energy utilization, minimum pumping loss, and part-load performance. Such advanced design analysis and simulation techniques are helping improve the overall efficiency of the automotive exhaust system. Thus, such developments will contribute to the growth of the market in focus during the forecast period.
The growth of the all-electric vehicles market is a challenge that affects market growth. Factors such as advancements in electric vehicle technology, improving charging infrastructure, and enhancing socioeconomic conditions have fueled the growth of the global fully electric vehicle market. This increase in demand for fully electric vehicles poses a major challenge to the growth of the global automotive exhaust manifold market.
Moreover, all-electric vehicles contributed more than two-thirds to the sales of electric vehicles globally (electric vehicles, including hybrid vehicles). The adoption of all-electric vehicles is primarily driven by rising fuel prices, government subsidies, and improving the charging ecosystem. Therefore, the increasing adoption of all-electric vehicles will decrease the demand for exhaust manifolds and, in turn, will hamper the growth of the market in focus during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Exhaust Manifold Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The passenger car segment is estimated to witness significant growth during the forecast period. The demand for passenger vehicles continues to increase due to various factors, such as improving socioeconomic conditions, high-income levels, and increasing employment opportunities. This further promotes market growth. The exhaust manifold is an integral part of an ICE-driven vehicle (both diesel and gasoline). It is an important part of the vehicle's exhaust system, which also comprises a resonator, catalytic converter, and gaskets. The use of an exhaust manifold is dependent on cylinder configuration.
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The passenger car segment was the largest segment and was valued at USD 1,580.27 million in 2018. Furthermore, aluminum alloys are also used in the manufacturing of exhaust manifolds and find maximum uptake in sports cars and luxury vehicles. Thus, growing demand for passenger vehicles, particularly in emerging economies like India, will drive the demand for automotive exhaust manifolds and, in turn, will boost the growth of the market in focus through the passenger vehicles segment during the forecast period.
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APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Countries such as China, Japan, South Korea, India, Malaysia, Indonesia, and Thailand are the major market contributors in terms of automobile sales. In addition, stringent vehicular emission norms in countries such as Japan, South Korea, China, and Australia are contributing to the revenue generation of the automotive exhaust manifold market in the region.
In addition, China is the major contributor to the regional automotive exhaust manifold market as it contributes to more than half of automotive production and sales in APAC. The growth of manufacturing activities, an increase in logistics operations, and the rise in spending on infrastructure development are driving the demand for automobiles in China. Such factors are pushing automakers to improve the quality and efficiency of the automotive exhaust system, which, in turn, will drive the growth of the automotive exhaust manifold market in APAC during the forecast period.
The outbreak of the COVID-19 pandemic negatively affected the automotive exhaust manifold market in the APAC region. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Moreover, growing demand for vehicles, increasing disposable income, urbanization, and the presence of major automobile manufacturers in APAC will increase the growth of the regional automotive exhaust manifold market further during the forecast period.
The automotive exhaust manifold market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Fuel Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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Automotive Exhaust Manifold Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, India, Germany - Size and Forecast 2024-2028
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