September 11, 2019 by Sarahbennu
Automotive exhaust manifold market size is forecast to grow by USD 1.76 billion, at a CAGR of 4% by 2023 with passenger vehicles segment having the largest market share. Automotive exhaust manifold industry growth will also be impacted using Inconel exhaust manifold in supercars
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Global automotive exhaust manifold market: Inconel exhaust manifold in supercars
Supercars are making use of advanced materials and alloys to manufacture exhaust manifolds. Inconel alloys are finding increasing applications in hyper cars, as they are suited for high-temperature applications. For instance, Inconel finds maximum applications in the exhaust system of supercars being used for racing events including Formula 1 and Le Mans series. Inconel-manufactured exhaust manifold offers higher strength and stiffness in addition to metal savings compared to any other available metal. Thus, the growing use of nickel-chromium alloys including Inconel helps the market players to offer efficient exhaust manifolds for supercars. This will further drive the market growth during the forecast period.
Global automotive exhaust manifold market: Segmentation analysis
This market research report segments the global automotive exhaust manifold market by application (passenger vehicles and commercial vehicles) and geographic regions (APAC, North America, Europe, South America, and MEA).
APAC led the market in 2018, followed by North America, Europe, South America, and MEA respectively. The market growth in APAC can be attributed to the growing sales of automobiles in the advancing economies including South Korea, India, Malaysia, Thailand, China, and Indonesia. Furthermore, advanced economies including Singapore, Australia, and Japan are deploying steel exhaust manifolds owing to the continuous developments in the field of clean and green vehicles, often driven by regional regulations.
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Global automotive exhaust manifold market: Increasing use of lightweight and advanced alloys to boost growth
A key factor driving the growth of the global automotive exhaust manifold market is the increasing use of lightweight and advanced alloys. Automotive manufacturers have increasingly started using tubular steel exhaust manifold in entry-segment vehicles which help in improving the overall efficiency of exhaust systems. The increased use of steel-made exhaust manifold is driving the global automotive exhaust manifold market, as the use of advanced high-strength steel increases durability and reliability. Thus, the increasing use of stainless steel in the mass production of passenger vehicles will drive the automotive exhaust manifold market growth during the forecast period.
Few Major Players for the Automotive Exhaust Manifold Market are:
· Eberspächer Group
· Faurecia SA
· Futaba Industrial Co. Ltd.
· Katcon Global SA de CV
· Magneti Marelli Spa
· Tenneco Inc.
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