The global automotive manifolds market size was valued at USD 35.44 billion in 2020 and reach USD 48.03 billion in 2027, register a promising 5.0% CAGR during the forecast period, 2021-2027. Increasing demand from the logistics industry, in line with the growth of automation and related technologies, coupled with growing government focus on curbing vehicle emissions, is anticipated to fuel the demand for automotive exhaust manifold in the near future. The multi-functionality of automotive exhaust manifolds enables them to perform tasks effectively and with increased accuracy, which is expected to drive the automotive exhaust manifold market throughout the forecast period.
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The outbreak of COVID-19 resulted in a rapid decrease in the supply of automotive manifolds worldwide. The pandemic has impacted the key market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
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The report outlines the global Automotive Manifolds market study based on vehicle type, manifold type, material, and process.
Based on the region, the global automotive manifolds market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America held the largest share in the global automotive manifolds market, followed by the Asia Pacific. While the former is further estimated to dominate the global automotive manifolds market during the forecast period, the latter is expected to project the highest CAGR in the global market for automotive manifolds.
The global automotive manifolds market has a large number of players across the globe. Some of the vital automotive manifolds manufacturers operating in the global market are –
The automotive manifolds market report provides a thorough analysis of macro-economic factors and every segment’s market attractiveness. The report will include an in-depth qualitative and quantitative assessment of each market player’s segmental/regional outlook in the respective segment and region/country. The information concluded in the report includes the inputs.
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