Automotive Valves Market

Global Automotive Valves Market size (2024 to 2029)

The global automotive valves market size is expected to reach USD 26.29 billion in 2024 and reach USD 29.46 billion by 2029, growing at a CAGR of 2.30% from 2024 to 2029.

CURRENT SCENARIO OF THE GLOBAL ANT CONTROL MARKET

Automobile valves are electromechanical devices that are used to control the flow of gas, liquid, slurry, or other fluid material.

The valves in the engine of the vehicle play a vital role by controlling the flow of liquid or gas into the combustion chamber. The performance and responsiveness of the different systems of the vehicle are directly related to automotive valves. The valve is one of the important components of the vehicle that controls the flow of the fluid thus increasing the performance of the vehicle. In recent scenarios, manufacturers have increased their focus on manufacturing advanced valves that can considerably increase the efficiency of the vehicle and satisfy consumer demand. Various types of valves are installed in the vehicle to support various vehicle functions such as cooling, brakes, door locks, fuel circulation, etc.

MARKET DRIVERS:

The driving force of the automotive valves market is the increasing demand for and production of vehicles in emerging markets, as well as the increasing demand for electric cars in developed markets.

The increasing demand for automobiles, the evolution of technologies in vehicles, and stringent emission regulations will drive the growth of the automobile valves market in the forecast period. The growth of the automobile industry is expected to fuel the demand for various automobile components including engine valves, powertrain components, advanced driver assistance systems, etc. The increasing infrastructure and construction activities, export-import, or logistics activities increase the demand for commercial vehicles, which will further increase the demand for automotive valves.

Strict government regulations on emissions are expected to boost the automobile valve market. Due to this regulation, the demand for a new automobile is increasing which in turn increases the demand for valves for new automobile production and for the replacement of valves in existing automobiles. The increasing adoption of technologically advanced vehicles such as electrified vehicles and anti-locking system vehicles fuels the growth of the automotive valves market in the forecast period.

MARKET RESTRAINTS:

The global automotive valve market is significantly dependent on the number of cylinders used in the vehicle. The recent trend of downsizing the automobile industry is going to act as a restraint in the growth of the automotive valves market, especially engine valves.

IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE VALVES MARKET: 

The global automotive valves market has been significantly impacted by the COVID-19 outbreak. The pandemic lockdown and strict protocols led to a halt in the production of both vehicles and valves which has caused a downfall in the automotive industry and disturbed the production as well as supply chains of the automotive valves. However, the pandemic's negative effects are fading with time, and there is an increase in automobile demand and production, which in turn will boost the automotive valves market in the future.

REPORT COVERAGE:

SEGMENTAL ANALYSIS

Global Automotive Valves Market By Valve Type:

The engine valves are going to dominate the market during the forecast period due to the increased production of vehicles with advanced engines. Solenoid valves are also expected to drive the automotive valves market growth because of the increasing electrification of vehicles.

Global Automotive Valves Market By Function Type:

The global automotive valves market is segmented into electric, pneumatic, and hydraulic valves, including mechanical and pilot operated. Hydraulic function-type valves are going to dominate the market as they provide full closure of the engine valves at the maximum engine speed.

Global Automotive Valves Market By Application:

The engine system is expected to dominate the market in the forecast period as automobile valves play a vital role in the engine system as it allows or stops the fluid or gas flow from cylinder to internal combustion.

Global Automotive Valves Market By Vehicle Type:

The passenger car segment is expected to hold the largest market of automotive valves due to the increasing demand for passenger cars. The increasing focus and adoption of technologically advanced electric vehicles are also going to drive the automotive valve market.

REGIONAL ANALYSIS:

The Asia Pacific is expected to hold the largest share of the global automobile vales market in the forecast period. Developing economies like India and China are expected to play a major role in increasing vehicle production. China leads the world's largest electric vehicle market in terms of volume and also there is increasing construction and infrastructure activities in China are expected to increase the demand for a commercial vehicle, which in turn will increase the growth of the automotive valve market in the future and also the increasing safety systems to be implemented in an automobile like anti-locking system, automatic transmission and start-stop system is expected to add to the demand of valves.

North America is the largest market for automotive valves due to the huge demand and sale of automobiles in this region. Thus, new and existing automobiles will generate the demand for valves in the projected period between 2021 and 2027. Additionally, the increasing commercial activities such as mining, export-import, construction, etc in this region increase the demand for commercial automobiles which will further propel the market of automotive valves in the future.

In Europe, the stringent emission rule is expected to boost the market of automobile valves because strict governmental norms will lead to an increase in the sale of vehicles as well as valves.

KEY PLAYERS IN THE GLOBAL AUTOMOTIVE VALVES MARKET:

Some of the leading companies operating in the global automotive valves market are Robert Bosch GmbH, Continental AG, Denso Corporation, BorgWarner Inc., Schaeffler AG, Eaton, Federal-Mogul Corporation, MAHLE GmbH, Jinan Worldwide Auto-Accessory Limited ICP, Magna International Inc. Eaton had the largest share of the world’s automotive valve equipment in terms of sales revenue.

RECENT HAPPENINGS IN THE AUTOMOTIVE VALVES MARKET:

• In March 2021, Eaton launched next-generation sodium-filled hollow-head valves in order to improve fuel economy, reduce emissions, and increase gas-powered engines. The valves feature a unique design that helps in lowering the cylinder chamber temperature while mitigating engine knock.
• Bosch Rexroth has launched the RM10-MPP and RM15-MPP mid-pressure load-sensing valve platforms. These new launches are compact, general-purpose, cost-effective, and multi-application load-sensing directional control valves.

DETAILED SEGMENTATION OF THE GLOBAL AUTOMOTIVE VALVES MARKET INCLUDED IN THIS REPORT

This research report on the global automotive valves market is segmented and sub-segmented into the following categories.

By Values Type

• Engine (Inlet or Outlet) Valves
• Air Conditioner Valve
• Fuel System Valve
• Solenoid Valve
• Exhaust Gas Recirculation Valve
• Thermostat Valve
• Tire Valve
• Water Valve
• AT Control Valve
• Brake Valves

By Function Type

• Electric
• Pneumatic
• Hydraulic
• Others
  • Mechanical
  • Pilot Operated

By Application

• Engine System
• HVAC System
• Brake System
• Other (Tire, Body, etc.)

By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Electric Vehicle

By Region

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa