Global Automotive Valves Market Insights Forecasts to 2032
- The Global Automotive Valves Market Size was valued at USD 28.3 Billion in 2022.
- The Market Size is Growing at a CAGR of 3.8% from 2022 to 2032
- The Worldwide Automotive Valves Market Size is expected to reach USD 42.39 Billion by 2032
- North America is expected to grow the fastest during the forecast period
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The Global Automotive Valves Market Size is expected to reach USD 42.39 Billion by 2032, at a CAGR of 3.8% during the forecast period 2022 to 2032.
Automotive valves are versatile components that are installed within the structure of an internal combustion engine (ICE) or electric vehicle (EV) and have the function of regulating the flow of gas or any kind of fluid material such as liquids and solutions. The operational efficiency of numerous mechanisms, such as the engine valve and ignition system, is closely related to the performance of automobile valves. In addition, these types of valves are commonly used in a variety of applications such as gasoline and diesel engines, steam engines, and heating and cooking equipment. The demand for automotive valves is increasing frantically as worldwide automotive manufacturing gets higher. The market for automobile valves is expanding due to legislation limiting carbon emissions and demand for high-performance engines. Rising automotive production and rising disposable income in developed countries, which are leading to an increase in demand for vehicles with high-power engines, are driving the global market for automobile valves. 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. Furthermore, 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.
Global Automotive Valves Market Report Coverage
|Market Size in 2022:||USD 28.3 Billion|
|Forecast Period 2022-2032 CAGR:||3.8%|
|2032 Value Projection:||USD 42.39 Billion|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Product, By Actuation Method, By Application, By Vehicle Type, By Region|
|Companies Covered:||Continental AG, Hitachi Astemo, Eaton Corporation, Aisin Corporation, Continental AGBorgWarner, Robert Bosch, Denso Corporation, Fte Automotive Group, Nittan Co., Ltd., Subros Ltd., , Knorr-Bremse AGValeo , S.A., , Delphi Automotive PLCAisin Seiki Co., Ltd., Fuji Oozx Inc., Rane Group, Schrader Duncan Limited, Johnson Electric, Hilite International, Inc., And other key venders|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
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The automotive valves market is steadily growing due to elements like rising production of cars, higher electric vehicle (EV) and hybrid electric vehicles (HEVs) utilization rates, improving comfort demand, beneficial government initiatives, and assistance in the form of subsidies and grants, as well as rising levels of automation in vehicles. In addition, the shift to electric vehicles, the widespread implementation of improved combustion technologies in internal combustion (IC) engines, and the demand for vehicles with reduced fuel consumption have resulted in valve design and functionality advances. With worldwide attention focused on lowering carbon emissions, efficient valves play an important role in controlling and optimizing combustion, hence lowering emissions. Furthermore, rising customer demands for fuel-efficient, dependable, and technologically advanced automobiles are likely to drive the worldwide automotive valves market growth throughout the forecast period.
By Product Insights
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. These consist of intake and exhaust valves, which are critical components of engine operation. They allow air-fuel mixtures to enter the combustion chamber and exhaust gases to exit. Engine valves are essential components in internal combustion engines, and with the enormous number of cars manufactured worldwide, demand for engine valves is steadily increasing. In addition, demand for efficient and long-lasting engine valves is continuous across all vehicle types, from passenger cars to commercial trucks. Furthermore, developments in engine technology, as well as the goal of higher fuel efficiency and lower emissions, contribute to the growing significance of this market.
By Actuation Method Insights
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 because electronic control systems in current vehicles have become more prevalent. With the continued shift toward electrification, increased connection, and more complex vehicle management systems, electric valves with their rapid reaction and precision control are becoming more common. Furthermore, the flexibility of electric valves to various systems and their interoperability with new electronic vehicle systems are likely to increase their market domination.
By Application Insights
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 m Automotive Valves market during the forecast period. This is because the operation of any internal combustion engine vehicle necessitates the usage of many intake and exhaust valves. This category is dominant due to the sheer volume of automobiles and the essential need for these types of valves in engines. Furthermore, as manufacturers strive for higher fuel efficiency, decrease emissions, and improve engine performance, demand for sophisticated and long-lasting engine valves remains strong.
By Vehicle Type Insights
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 due to the fact that the passenger car segment includes a wide range of vehicles on the road, from compact automobiles to luxury vehicles. The immense number of passenger vehicles on the road worldwide contributes to the high demand for automotive valves. Passenger automobiles use a variety of valves in their engine systems, HVAC systems, brake systems, and other systems. With technological advancements, even simple passenger car models today include advanced valve systems for fuel economy, performance, and comfort. Growing demand for personal mobility, along with factors such as the rise of urbanization, burgeoning middle-class populations, financing alternatives, and environmentally friendly vehicles, has led to the passenger car segment's continued rise.
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 owing to the significant automobile production in nations such as China and India, as well as the availability of major automakers in Japan and South Korea. China, with its vast automotive output and expanding middle-class population needing more vehicles, contributes greatly to the region's market domination. The region's requirement for automotive valves is likely to be driven by the rapid rise in car production and greater use of innovative vehicle technology. Furthermore, government restrictions aimed at lowering emissions and boosting fuel efficiency boost demand for innovative valve technologies.
North America, on the contrary, is expected to grow the fastest during the forecast period. The region's automobile manufacturing and aftermarket sectors contribute to the region's demand for automotive valves. Also, the growing popularity of hybrid and electric car models is increasing the demand for sophisticated valves in drivetrain and cooling systems. Stringent emissions laws have resulted in the incorporation of modern technologies, such as emissions control valves, into cars. Furthermore, North American producers are emphasizing the production of lightweight and long-lasting valves employing modern materials and manufacturing processes.
The Europe market is expected to register a substantial CAGR growth rate during the forecast period. Europe is well-known for its cutting-edge automotive technology and engineering skills. As a result, there is an increased demand for high-quality valves that fulfill demanding performance and emissions criteria. Europe is also seeing a trend toward electric mobility, which is increasing demand for specialist valves in hybrid and electric vehicles.
List of Key Market Players
- Continental AG
- Hitachi Astemo
- Eaton Corporation
- Aisin Corporation
- Continental AG
- 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.
Key Market Developments
- On February 2023, HydraForce will become part of Bosch Rexroth's Compact Hydraulics portfolio, helping to further extend the business unit's product offering and customer support. Despite the fact that both companies provide a wide range of compact hydraulic devices, HydraForce will bring its expertise in the development of mechanical and electrical cartridge valves, as well as hydraulic integrated circuits (HIC), to enhance Bosch Rexroth's present offering.
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
Automotive Valves Market, Actuation Method Analysis
Automotive Valves Market, Application Analysis
- Engine System
- HVAC System
- Brake System
Automotive Valves Market, Vehicle Type Analysis
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Automotive Valves Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
1. What is the market size of the Automotive Valves market?The Global Automotive Valves Market is expected to grow from USD 28.3 billion in 2022 to USD 42.39 billion by 2032, at a CAGR of 3.8% during the forecast period 2022-2032.
2. Which are the key companies in the market?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.
3. Which segment dominated the Automotive Valves market share?The passenger cars segment in vehicle type dominated the Automotive Valves market in 2022 and accounted for a revenue share of over 57.2%.
4. Which region is dominating the Automotive Valves market?Asia Pacific is dominating the Automotive Valves market with more than 38.7% market share.
5. Which segment holds the largest market share of the Automotive Valves market?The engine valves segment based on product type holds the maximum market share of the Automotive Valves market.
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