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AUTOMOTIVE & TRANSPORTATION

Automotive Valve Market : Global Demand Analysis & Opportunity Outlook 2024

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Extensive insights into the Growth of Automotive Valve Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Automotive Valve Market Overview

Valves are the devices which regulate and control the flow of liquid or gas. They are usually fitted in pipe and have many uses in different sectors such as automobile, industrial, commercial and military sectors. Automotive valve is a mechanical or electromechanical device which allows the stream of air fuel mixture or gaseous mixture, to admit or to escape and also to regulate them also. Automotive valves are utilized in automobile sector including all kind of vehicles. There are basically two types of valves include in automotive such as- inlet valve (allows air-fuel mixture inside the chamber) and exhaust valve (release the air-fuel mixture out of the chamber).

Market Size & Forecast

Global automotive valve market is going to witness a vigorous growth during the forecast period i.e. 2017-2024. It is expected that the global automotive valve market will grow at a CAGR of 4.3% over the forecast year. With this compound annual growth rate, it is projected that the global automotive valve market will manage to reach an evaluation of around USD 32.8 billion by 2024.

Automotive Valve Market

The global automotive valve market is distributed in majorly four regions; these are North America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific is the leading region among other regions followed by Europe, whether it is term of value and volume.

Asia-Pacific region is anticipated to grow with the highest CAGR over the forecast period. Asia Pacific region incorporate with developing countries such as – China, India. These developing economic played a very important role and contributed in growth of automotive valve market in related region.

Europe is the second big market in all regions; it comprises key contributors such as Italy, Germany, Spain, U.K and others. Other regions such as North America, Africa and Middle-East are going to witness a very considerable growth during the forecast period 2017-2024.CLICK TO DOWNLOAD FREE SAMPLE REPORT

Unceasing demand in automobile sector and the up gradation of vehicles will increase the demand for supportable automotive valves. Further, it will give a boost to the automotive sector over forecast period 2017-2024.

Market Segmentation

Our-in depth analysis of the global automotive valve market includes the following segments:

By Vehicle Type

  • Two wheelers
  • Passenger cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Product Type

  • Inlet/Outlet Valves
  • Brake Combination Valves
  • A/C Expansion Valves
  • Thermostat Valves
  • Fuel System Valves
  • Solenoid Valves
  • Exhaust Gas Recirculation Valves
  • Tire Valves
  • Selective Catalytic Reduction Water Valves
  • Mono Metallic Valves
  • Bimetallic Valves
  • Hollow Valves

By Material Type

  • Steel
  • Titanium
  • Nickel alloy
  • Others

By Sales Channel Type

  • Original Equipment Manufacturer
  • Aftermarket

By Regions

The global automotive valve market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers & Challenges

As the global automobile market is expanding persistently, it is propelling the global automotive valve market. Further, with the increasing number of vehicles on the road, the manufacturers of automotive valve will witness enormous growth in automotive valve market over the forecast period 2017-2024.

Over the past few years it has been notified that automotive companies are concern about the performance of their vehicles and thus, focusing on improvement in the overall performance of the vehicle. Apart from this, it is also been observe that the reduction of carbon ignition and enhancement of fuel efficiency in the engine has strengthened the demand for suitable automotive valves. These adoptions of new technologies have played a key role in growth of automotive valve market. The industries are implementing various valve time mechanisms to increase the efficiency of the vehicles engine as well as its performance.

Increasing application of automotive valves among various automotive valve manufacturing companies and implementation of new technologies in automobile sector is presume to increase the demand for automotive valves.

However, implementation of new technologies with the vehicles engines and there downsizing may appear as a challenge to the manufacturers of automotive valves and may impact the growth of the market.

Key Players

  • Continental AG
  • Delphi
  • Denso
  • Valco
  • Robert Bosch
  • Hitachi Ltd.
  • Aisin Seiki
  • Eaton
  • Borg
  • Tenneco
  • Federal-Mogul

 


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