Global Automotive Valves Market Size to Exceed USD 42.39 Billion by 2032 | CAGR of 3.8%
Category: Automotive & TransportationGlobal Automotive Valves Market Size to Exceed USD 42.39 Billion by 2032
According to a research report published by Spherical Insights & Consulting, the Global Automotive Valves Market Size is to Grow from USD 28.3 Billion in 2022 to USD 42.39 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 3.8% during the projected period.
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Browse key industry insights spread across 200 pages with 110 market data tables and figures & charts from the report on "Global Automotive Valves Market Size, Share, and COVID-19 Impact Analysis, By Product (Tire Valves, A/c Valves, Brake Valves, Water Valves, Solenoid Valves, AT Control Valves, Engine Valves, Thermostat Valves, Fuel System Valves, Exhaust Gas Recirculation Valves, Others), By Actuation Method (Electric, Pneumatic, Hydraulic, Others), By Application (Engine System, HVAC System, Brake System, Others), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/automotive-valves-market
Automotive valves are adaptable components assigned within the framework of an internal combustion engine (ICE) or electric vehicle (EV) to regulate the flow of gas or any type of fluid material such as liquids and solutions. The demand for automotive valves is skyrocketing as global car manufacturing expands. The market for automobile valves is rising as a result of carbon pollution regulations and increased demand for high-performance engines. The high automotive production and disposable income in developed nations are boosting the global market for car valves, resulting in increased demand for automobiles with high-power engines. The automotive valves market is steadily expanding as a result of factors such as rising car production, higher electric vehicle (EV) and hybrid electric vehicle (HEV) utilization rates, improving comfort demand, beneficial government initiatives, and assistance in the form of subsidies and grants, and rising levels of vehicle automation. Furthermore, increased customer desire for fuel-efficient, durable, and technologically sophisticated automobiles is expected to drive expansion in the global automotive valves market throughout the forecast period.
The engine valves segment is dominating the market with the largest revenue share over the forecast period.
On the basis of product, the global automotive valves market is segmented into tire valves, A/c valves, brake valves, water valves, solenoid valves, AT control valves, engine valves, thermostat valves, fuel system valves, exhaust gas recirculation valves, and others. Among these, the engine valves segment is dominating the market with the largest revenue share of 38.6% over the forecast period, due to their fundamental role in vehicle operation. Engine valves are critical components in internal combustion engines, and with the massive number of cars produced globally, demand for engine valves is continually increasing. Furthermore, there is a consistent demand for efficient and long-lasting engine valves across all vehicle types, from passenger cars to commercial vehicles.
The electric valves segment is witnessing significant CAGR growth over the forecast period.
On the basis of actuation method, the global automotive valves market is segmented into electric, pneumatic, hydraulic, and others. Among these, the electric valves segment is witnessing significant CAGR growth over the forecast period. This is due to the increased use of electronic control systems in modern vehicles. Electric valves, with their rapid responsiveness and precision control, are becoming increasingly common as vehicle electrification, improved connectivity, and more complicated vehicle management systems become more common.
The engine system segment is expected to hold the largest share of the Global Automotive Valves Market during the forecast period.
Based on the application, the global automotive valves market is classified into engine systems, HVAC systems, brake systems, and others. Among these, the engine system segment is expected to hold the largest share of the Automotive Valves market during the forecast period. This is due to the fact that each internal combustion engine vehicle requires the use of several intake and exhaust valves. Because of the enormous volume of automobiles and the critical requirement for these types of valves in engines, this group is dominant.
The passenger cars segment accounted for the largest revenue share of more than 57.2% over the forecast period.
On the basis of vehicle type, the global automotive valves market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Among these, the passenger cars segment is dominating the market with the largest revenue share of 57.2% over the forecast period. This is because the passenger car market contains a diverse variety of cars on the road, ranging from tiny autos to luxury vehicles. The vast majority of passenger automobiles on the road contribute to the increasing demand for automotive valves. Growing need for personal mobility, as well as factors such as urbanization, rising middle-class populations, financing alternatives, and environmentally friendly vehicles, have all contributed to the passenger car segment's sustained growth.
Asia Pacific dominates the market with the largest market share over the forecast period.
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Asia Pacific is dominating the market with more than 38.7% market share over the forecast period. This is primarily due to significant vehicle production in countries such as China and India, as well as the presence of major automakers in Japan and South Korea. China's massive automotive output and rising middle-class population, which requires more vehicles, contribute significantly to the region's market dominance. On the other hand, North America is predicted to expand the fastest during the forecast period. The automotive production and aftermarket sectors in the region contribute to the region's need for automotive valves. Furthermore, the growing popularity of hybrid and electric vehicle types is driving up demand for complex valves in powertrain and cooling systems. During the forecast period, the Europe market is expected to rise at a significant CAGR.
Major vendors in the Global Automotive Valves Market include Continental AG, Hitachi Astemo, Eaton Corporation, Aisin Corporation, Continental AG, BorgWarner, Robert Bosch, Denso Corporation, Fte Automotive Group, Nittan Co., Ltd., Subros Ltd., Knorr-Bremse AG, Valeo S.A., Delphi Automotive PLC, Aisin Seiki Co., Ltd., Fuji Oozx Inc., Rane Group, Schrader Duncan Limited, Johnson Electric, Hilite International, Inc., and several others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- On May 2023, Carrar, an electric vehicle thermal management solution developer, has partnered with Gentherm, the global market leader in innovative thermal management and pneumatic comfort technologies for the automotive industry, to enable the delivery of electric vehicle (EV) battery modules with two-phase immersion thermal management solutions that fully control liquid level, vapor, and pressure at all times. Gentherm will provide the valves that allow the thermal management system to control the amounts of liquid and vapor, as well as the pressure inside the battery modules and packs, whether the vehicle is moving at high speeds, traversing difficult terrain, or undergoing rapid charging.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Automotive Valves Market based on the below-mentioned segments:
Automotive Valves Market, Product Analysis
- Tire Valves
- A/c Valves
- Brake Valves
- Water Valves
- Solenoid Valves
- AT Control Valves
- Engine Valves
- Thermostat Valves
- Fuel System Valves
- Exhaust Gas Recirculation Valves
- Others
Automotive Valves Market, Actuation Method Analysis
- Electric
- Pneumatic
- Hydraulic
- Others
Automotive Valves Market, Application Analysis
- Engine System
- HVAC System
- Brake System
- Others
Automotive Valves Market, Vehicle Type Analysis
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Automotive Valves Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
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