Global Automotive Valve Market is expected to reach an evaluation of around USD 32.8 billion by 2024


Posted November 20, 2018 by Mithun123

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.

 
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.

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.
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 (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
• Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
• Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
• Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East and Africa) Market size, Y-O-Y growth & 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

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
Contact for more Info:
Ajay Daniel
Email: [email protected]
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
Follow us: - LinkedIn | Twitter | Facebook
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Ajay Daniel
Phone +1 646 586 9123
Country United States
Categories Biotech
Tags automobile sector , automotive valve market , valves
Last Updated November 20, 2018