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Automotive Intake Manifold Market

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Automotive Intake Manifold Market to Grow Due to Rise in Automobile industry
According to Transparency Market Research (TMR) the global automotive intake manifold
market seems to be fragmented to a great extent, because of the emergence of a few players.
Be that as it may, the main players in the global market are Mann+Hummel Group, MAHLE
GmbH, Röchling Group, Magneti Marelli S.p.A., and Aisin Seiki Co., Ltd. Rise in research
activities and product development are foreseen to be the key factors in guaranteeing
predominance of these organizations. Key coordinated efforts are additionally anticipated to
enable these organizations to secure greater share in the entire market during the forecast
period.
As indicated in a recent research report, the global automotive intake manifold market is
estimated to be worth US$58.7 bn by 2024 from US$42.7 bn, back in 2015. The market is
prognosticated to advance at a steady CAGR of 3.6% within the forecast period from 2016 to
2024.
Based on materials utilized for making automotive intake manifolds the market is divided into
composites, aluminum, and plastic. As per the report, aluminum segment held the major share
in 2015 as it is a brilliant material that includes minimal measure of weight in the final product.
Regionally, in 2015, Asia Pacific market accounted for the maximum share in the global
automotive intake manifold market. The essential drivers fuelling the development of Asia
Pacific market are fast industrial advancements and extensive interests in the automotive
manufacturing sector.
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The requirement for automotive intake manifold has been on a noticeable rise because of the
stringent control by different governments to diminish the weight of vehicles to influence them
to be fuel effective. Moreover, the plastics are additionally picking up the pace during
production procedure as they are to a great degree light in weight and in this manner have a
major effect in helping automobile makers accomplish the fuel efficiency.
The indications of powerful development of the automotive sector after the ongoing financial
recession has positively affected the global automotive intake manifold market as well. Nations,
for example, India, China, and Japan are making a noteworthy commitment to the regularly
developing demand from travelers. Increase in disposable income, expanding GDPs, and
enhancing way of life are altogether anticipated that would massively affect the demand for
passenger vehicles, which, thus, will expand the growth for automotive intake manifolds in the
coming years.
In spite of the consistent development in the entire market, the fluctuating costs of raw
materials are probably going to negatively affect its income in the forthcoming years. A
significant increase in the costs of aluminum and stainless steel are foreseen to hamper the
development of the global market. Aluminum costs have been on a relentless surge and have
significantly affected the ales and production of automobiles. The fall in fares of aluminum from
China is the major factor behind these rising costs of raw materials.
Author
monali raghu
monali raghu349   documents Email
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