Automotive Air Intake Manifold (AIM) Market is Projected to Reach US$ 3.4 Billion in 2023


Posted August 23, 2018 by Stratview-Resesarch

The auto industry has efficaciously been undergoing the most dynamic and disruptive technological advancements since the last decade. This is also leaving a great impact on each of the major components including air intake manifolds.

 
As per Stratview Research, the global automotive air intake manifold market is projected to grow at a healthy rate over the next five years to reach US$ 3,387.2 million in 2023. Organic growth in the automobile production owing to increasing disposable income and growing urbanization and increasing demand for lightweight air intake manifold to reduce the overall vehicle weight for achieving stringent government regulations, such as CAFÉ standards are the major growth drivers of the market.

The author of the report cited that passenger car is expected to remain the growth engine of the global automotive air intake manifold market during the forecast period. High number of car production and higher demand for lightweight products would continue to drive the segment over the next five years. It is estimated that approximately 481.9 million passenger cars are likely to be produced globally during 2018-2023.

Short fiber thermoplastic (SFT) is the most widely preferred material in the air intake manifold market as it offers many benefits over competing materials, such as low part cycle time, ability to manufacture complex products, recyclability, good surface finish, excellent strength to weight ratio, lightweight, and excellent temperature resistance.

Based on the product type, injection molding is likely to remain the most dominant process in the global automotive air intake manifold market during the forecast period. The auto industry looks for those manufacturing processes which can fabricate a final part in merely one to two minutes. Injection molding process is perfectly suited to the automotive industry and is ideal for the mass-production of small- to medium-sized complex parts.
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Categories Automotive , Research , Services
Tags air intake manifold , automotive , research
Last Updated August 23, 2018