According to the new market research report “Automotive Valves Market by product (Solenoid, EGR Valve, Brake Combination Valve, AT Control Valve, Engine Valve), Vehicle (PC, LCV, HCV, EV), Application (Engine, Brake, HVAC), Function (Hydraulic, Pneumatic, Electric), and Region – Global Forecast to 2022″, published by MarketsandMarkets™, The global automotive valves market is projected to grow at a CAGR of 4.1% from 2017 to 2022, to reach USD 32.51 billion by 2022. The major factors driving the growth of this market include the increased production of vehicles, electrification of vehicles, and the introduction of advanced technologies such as automatic transmission control, start-stop systems, and antilock braking systems (ABS) in passenger cars. Also, the new vehicle emission norms are encouraging the automakers to produce more fuel-efficient vehicles, which in turn is increasing the demand for automotive valves. However, engine downsizing may pose a challenge to the growth of the automotive valves market.
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Browse and in-depth TOC on “Automotive Valves Market”
99 – Tables
46 – Figures
170 – Pages
“Increasing number of joint ventures and mergers would drive the automotive valves market in Asia-Pacific region”
Asia-Pacific is estimated to hold the largest share, by value and volume, of the automotive valves market in 2017. Also, in terms of growth, Asia-Pacific is projected to exhibit a higher CAGR as compared to other regions. Developing economies like China and India are expected to play a major role due to increasing vehicle production. Also, increasing the installation of upgraded technology features such as ABS, automatic transmission, and start-stop systems is likely to add to the demand for supporting valves.
Major players profiled in the report are:
- Continental AG (Germany)
- Denso (Japan)
- Valeo (France)
- Robert Bosch (Germany)
- Hitachi Ltd. (Japan)
- Aisin Seiki (Japan)
- Borg Warner (US)
- Tenneco (US)
- Federal-Mogul (US)
“Engine Valve –To remain Predominant over the forecast period”
Engine valves (inlet and outlet) account for the largest market share, by volume, in the global automotive valves market, followed by the solenoid valve, tire valve, fuel system valve, and others. This ranking is expected to remain the same during the forecast period. A standard car contains approximately 16-20 valves, depending on cylinder configuration and engine design. On the other hand, global vehicle production is increasing moderately at an annual growth rate of 5%–7%. This addition of new vehicles per year is expected to add more volume to the engine valves market during the forecast period.
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Hybrid Electric Vehicle – A promising segment for component manufacturers
Hybrid Electric Vehicle (HEV) accounts for the largest share of the automotive valves market among the electric vehicle types (BEV, HEV, and PHEV). It is estimated to continue its dominance in the automotive valves market during the forecast period. Also, in terms of growth, PHEV is projected to grow at the highest CAGR followed by BEV and PHEV, respectively. Increasing government support for green vehicles is propelling the demand for electric vehicles, which in turn is increasing the demand for automotive components such as actuators and valves.
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