(MENAFN- America News Hour)Research Nester has released a report titled ''U.S. Aftermarket For Exhaust Manifolds For Heavy Duty Trucks Market – Demand Analysis & Opportunity Outlook 2028'' which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter's five force model.
In the statistics of the International Organization of Motor Vehicle Manufacturers (OICA), production of heavy commercial vehicles in the U.S. observed an increase by 5.6% from the year 2018 to reach nearly 346, 366 units in the year 2019.
The statistics portray the growing production of heavy commercial vehicles in the U.S. backed by the surge in the sales of the heavy commercial vehicles during the recent past and the increasing demand for heavy commercial vehicles from several industries. The exhaust manifolds enhance the vehicle engines'' efficiency. Moreover, the significant properties of advanced materials that allow to enhance the efficiency of the exhaust system of engines and the change in focus amongst the manufacturers of automotive parts to manufacture lightweight spare parts using advanced alloys are some of the factors that are anticipated to drive the growth of the U.S. aftermarket for exhaust manifolds for the heavy-duty truck market.
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The U.S. aftermarket for exhaust manifolds for the heavy-duty truck market is anticipated to record a CAGR of 5.76% during the forecast period, i.e. 2020-2028, backed by the growing demand for aftermarket vehicle spare parts from the transportation and logistics industries, rising demand for heavy-duty vehicles in the automotive industry, and the increasing implementation of stringent regulations by the U.S. government for their focus to reduce emissions from heavy-duty vehicles. The market is further projected to reach USD 66.0 million by the end of 2028 from a value of USD 46.9 million in the year 2019.
The U.S. aftermarket for exhaust manifolds for the heavy-duty truck market is segmented by material into stainless steel and cast iron. Among these segments, the cast iron segment registered the largest market share in the year 2019 and is further projected to reach USD 66.0 million by the end of 2028 from a value of USD 46.9 million in the year 2019 as they possess numerous benefits that include high durability, long shelf life and low price among others. The segment is further projected to grow with a CAGR of 5.76% during the forecast period. On the other hand, the stainless-steel segment is anticipated to grow with the highest CAGR of 6.85% during the forecast period.
However, concerns regarding the few non-supportive properties of stainless-steel, that can pose a threat to the exhaust system of engines and the high cost of stainless-steel exhaust manifolds which hampers its adoption, are some of the factors anticipated to lower the growth of the U.S. aftermarket for exhaust manifolds for the heavy-duty truck market.
This report also studies existing competitive scenario of some of the key players of the U.S. aftermarket for exhaust manifolds for the heavy-duty truck market, which includes profiling of Cadillac Casting, Inc., Aisin World Corp. of America, MetalTek International, CAB Incorporated, and Wescast Inc.
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled '' U.S. Aftermarket For Exhaust Manifolds For Heavy Duty Trucks Market – Demand Analysis & Opportunity Outlook 2028'' , analyses the overall U.S. aftermarket for exhaust manifolds for the heavy-duty truck industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the U.S. aftermarket for exhaust manifolds for the heavy-duty truck market in the near future.
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