Automotive HI-RAM Manifold Market: Introduction
Increasing global production and sales of automotive vehicles, year-on-year, led by rising environmental norms for vehicle emission is estimated to boost the automotive HI-RAM manifold market.
Automotive HI-RAM manifold is defined as a component that uses the dynamic air pressure created by the motion of vehicle, which further helps to enhance static air pressure and avoids increasing backpressure at the turbine of an internal combustion engine. This improvement of static air pressure allows a greater air flow from engine and makes the engine more responsive and fuel-efficient. The HI-RAM (Higher RAM) manifold has high rise pipes, as compared to other manifolds, which can directly inject the fuel into engine and eliminate the need of a carburetor. It has a removable lid, which allows the engine to configure either fuel injector or carburetor.
Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=83285 Key Drivers of Automotive HI-RAM Manifold Market
Rising production capacity of automotive vehicle enhances the demand for road transportation, which further drives the automotive HI-RAM manifold market. The year-onyear adoption rate of automotive cars and bikes is rising due to requirements and purchasing power of consumers in developed and developing economies is rising at significantly. Due to such demand for automotive vehicles, the need for development of roads is also increasing and the automotive manufacturers are accumulating their production capacity to meet requirements. Henceforth, the demand for automotive HI-RAM manifold is also rising.
Increasing government regulations for low vehicle emission boost the automotive HI-RAM manifold market. The European Commission has set compulsory targets to reduce vehicle emission for new vehicles production, which aims to reduce carbon from automotive sector by 35% by the year 2030. These regulations are prompting automotive manufacturers to integrate HI-RAM manifolds in their engines, which further reduce the carbon emission and propels the market.
Challenges in Automotive HI-RAM Manifold Market
Increasing number of manufacturers and high manufacturing cost of manifold restrains the manufacturers to provide competitive pricing in the price sensitive automotive industry. Thus, rising competitors and high overhead cost of manufacturing restrains the HI-RAM manifold market.
A majority of the global businesses were hampered due to the onset of COVID-19 pandemic, which further forced people to stay at home, stopped automotive manufacturing, and declined automotive sales. Moreover, the COVID-19 pandemic also disrupted the global supply chains, which led to a shortage of supply of raw material for production of HI-RAM manifold. This supply shortage hampered the automotive HI-RAM manifold market.
Opportunities in Automotive HI-RAM Manifold Market
Rising demand for luxurious internal combustion (IC) vehicles among consumers is anticipate to drive the automotive HI-RAM manifold market during the forecast period. Rising trends of