“Global Automotive Valves Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global automotive valves market report has been segmented on the basis of product type, application, vehicle type, and region
Global Automotive Valves Market: Overview
Automotive valves are used to regulate and control air flow and fuel mixture. It is found in the pipe fittings such as petrol and diesel engines, steam engines, and heating or cooking appliances in commercial, residential, industrial, automobiles, and military purposes.
Global Automotive Valves Market: Dynamics
Increasing need to reduce the impact of vehicular carbon emission footprint and increasing focus on improving the fuel efficiency of the vehicle are some major factors expected to push the market towards growth. In addition, rising demand for luxurious automobiles along with growing demand for low emission automobiles are expected to encourage individuals to adopt automotive valves. This is a key factor boosting the automotive valves market. Furthermore, rise in the production of vehicles, and continuous automobile innovations in terms of technology and materials such as advanced materials for engine valve, advanced steel alloys, and nickel-based alloys in high-performance engines are driving growth of the global automobile valves market.
New government regulations ensuring the safety of the environment and high quality for maintaining emission levels are also pushing growth of the global automotive valves market. Moreover, growing awareness regarding the environment and other concerns, the adoption of the automotive valves with a major growth rate over the forecast period. Growing electrification of vehicles is expected to uplift demand for automotive valves.
However, increasing adoption of engine downsizing by OEM’s may hinder growth of the automotive valves market.
Global Automotive Valves Market: Segment Analysis
Among the product type segments, the engine valve segment is expected to hold a significant share in the automotive valves market over the forecast period.
Among the application segments, the HVAC system is projected to be the most lucrative segment during the forecast.
Among the vehicle type segments, the hybrid electric vehicle segment is expected to lead the global market.
Global Automotive Valves Market: Regional Analysis
Asia Pacific automotive valves market accounted for a major share in the global market in terms of revenue. Factors such as rising automotive production and increasing installation of upgraded technology features such as Anti-lock braking system (ABS), start-stop systems, and automatic transmission are some factors expected to support valves, especially in China, India, and Japan. In addition, increasing demand for fuel-efficient vehicles and stringent emission norms, which is pushing manufacturers to invest in automotive valves. Furthermore, rapid expansion in industrialization, urbanization, and strong economic development are fuelling the market in countries in the region.
Markets in North America and Europe are apparent to exhibit a rising demand for automotive valves during the forecast period.
Global Automotive Valves Market Segmentation:
Segmentation by Product Type:
- Engine (Inlet & Outlet) Valve
- Solenoid Valve
- A/C Valve
- Brake Combination Valve
- Exhaust Gas Recirculation (EGR) Valve
- Selective Catalyst Reduction (SCR) Valve
- Automatic Transmission (AT) Control Valve
- Others (Thermostat Valve, Tire Valve, Fuel System Valve)
Segmentation by Application:
- Engine System
- HVAC System
- Brake System
- Others (Tire, Safety, SCR System, Body)
Segmentation by Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
- Hybrid Electric Vehicle
Segmentation on the basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Continental AG
- Delphi Automotive PLC
- Denso Corporation
- Robert Bosch GmbH
- Borgwarner Inc.
- Valeo S.A.
- Hitachi, Ltd.
- Aisin Seiki Co., Ltd.
- Cummins, Inc.
- Federal Mogul Corporation
Request for TOC
Request for Customization
Don't just take our word. We are trusted by these great companies!