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The valve and valve seat ensures the sealing of combustion gases during the combustion and compression process, and also the entry of air and combustible material. The automotive valve is a highly preferred component in fuel-efficient engines owing to growing preference to reduce the size of the engine without changing its power. Stringent government regulations regarding the safety of the environment have encouraged manufacturers to produce fuel-efficient and eco-friendly vehicles that, in turn, have resulted in the rising implementation of automotive valves. The electrification of vehicles and the use of advanced technology to manufacture a valve is expected to drive the automotive valve market during the forecast period.
Key Market Driver -
Increasing sales and production of passenger cars globally is anticipated to drive the automotive valve market.
Key Market Restraint -
Rising cost of raw material is expected to hinder the growth of the automotive valve market
The hybrid and electric vehicles need fewer valves compared to conventional vehicles; this, in turn, is anticipated to hinder the growth of the automotive valve market. The rising cost of raw material and the high cost of technologically advanced machines is also another factor that is hampering the growth of the automotive valve market. The automotive valve market is also dependent on the number of cylinders used in the vehicles. Declining in the numbers of cylinders in the vehicle owing to downsizing of the engine is also another factor that is expected to slow the market growth.
Some of the major companies that are present in the automotive valve market Robert Bosch GmbH, Denso Corporation Continental Ag, Valeo SA, Eaton Corporation PLC, Delphi Automotive PLC, Aisin Seiki Co., Ltd., Hitachi Automotive Systems Ltd, Tenneco Inc., Federal-Mogul Corporation, Mando Corporation, Sanhua Holding Group Co., Ltd., Cummins, Inc., Fte Automotive Group, Nittan Co., Ltd., Subros Ltd., Aisan Industry Co., Ltd., Calsonic Kansei Corporation, Borgwarner Inc., Fuji Oozx Inc., Rane Group, Schrader Duncan Limited, Johnson Electric, Hilite International, Inc., Jtekt Corporation among the other players.
The global automotive valve market is segmented by product type, application type, vehicle type, and geography. By product type, the automotive valve market is segmented into engine valve, A/C valve, brake combination valve, thermostat valve, fuel system valve, solenoid valve, exhaust gas recirculation (EGR) valve, tire valve, selective catalyst reduction (SCR) valve, and automatic transmission (AT) control valve. The solenoid valve is expected to dominate the market during the forecast period. Growing inclination towards electric vehicles is anticipated to maintain the dominance of the solenoid valve as solenoid valves are highly used in electric vehicles. By application type, the automotive valve market is segmented into the engine system, HVAC system, brake system, and others. The engine system is anticipated to dominate the application type segment during the forecast period. Automotive valves are largely used in engine systems than in any other application. By vehicle type, the automotive valve market is segmented into passenger cars, LCV, and HCV. The passenger car segment is anticipated to dominate the market during the forecast period owing to the rising sales and production of these vehicles globally.
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Geographically, the valve market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific holds a significant market share of the global Automotive Valve Market. Developing nations like India and China are emerging as a hub for automobile manufacturers because of rising urbanization, industrialization, and increasing GDP. Europe and North America are expected to be the second-largest region in the automotive valve market. Emission regulations in this region are stringent the hence, automobile manufacturers are trying to maintain the benchmark of emission standards that are set by the government.
By Product Type
By Application Type
By Vehicle Type
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