Global Automotive Throttle Body Assembly Market 2017-2021

Overview of the global automotive throttle body assembly market

According to Technavio’s market research analysis, the rising demand for individual throttle bodies will be one of the major factors that will have a positive impact on the global automotive throttle body assembly market during the forecast period. Our market research analysts predict that this market will post a revenue growth of more than USD 17 billion by 2021. Individual throttle bodies (ITBs) offer improved throttle response than conventional ones. In ITBs, each cylinder has individual butterfly valve with modifiable air intake, rather than all cylinders sharing one valve. ITBs also remove the need for an intake manifold. For instance, Chevy V8-powered Eisert Indy 500 race car did not have an intake manifold. Moreover, ITBs are generally used in race cars and have been gradually adopted in luxury and super sports cars to provide better throttle response. The steady growth in the luxury car and motorsport markets is driving the growth of the automotive throttle body assembly market.

The rising popularity of throttle body spacers is one of the key trends that will contribute to the market growth in the forthcoming years. A throttle body spacer is an added component fixed to the throttle body to pump more air into the engine that increases the performance of the engine. Previously, the old carburetor engines used the throttle body spacers to manipulate the air intake. These spacers gaining increased popularity due to the enhanced engine performance experienced by users. These custom parts are increasingly adopted by automotive enthusiasts.

Competitive landscape and key vendors  

The automotive throttle body assembly market consists of high competition between both global and local players. International players are gradually expanding their bases and are entering developing markets where they face tough competition from established local players. Technological developments will raise the competition levels in the market. With increased automotive adoption rates, the vendors are also looking to increase their market share by providing value-for-money products.

The leading vendors in the market are –

• Bosch
• Continental
• Delphi
• Magneti Marelli

The other prominent vendors in the market are BBK Performance, BING Power Systems, DENSO, Edelbrock, GVS, Hitachi, Holley Performance Products, Jenvey Dynamics, and ZHEJIANG HONGKE AUTOPARTS.

Segmentation by application and analysis of the automotive throttle body assembly market

• Passenger vehicles
• Commercial vehicles

During 2016, the passenger vehicle segment accounted for the major shares of the automotive throttle body assembly market. Factors such as the increasing demand for fuel-efficient passenger cars in developing markets will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the automotive throttle body assembly market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive throttle body assembly market throughout the forecast period. The increased income levels, huge demand for automobiles, and high investments by major automotive vendors will drive the market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive throttle body assembly market?
• What are the key market trends impacting the growth of the global automotive throttle body assembly market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive throttle body assembly market?
• What are the market opportunities and threats faced by the vendors in the global automotive throttle body assembly market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive throttle body assembly market?

Technavio also offers customization on reports based on specific client requirement.