Automotive Valve Market Overview:
In addition, the global automotive valve market is expected to rise with a significant CAGR during the estimated forecasting period of 2022-2030.
The valve and valve seat ensures the sealing of combustion gases during the combustion and the compression process and the entry of the air and the combustible material. The automotive valve market is a highly preferred component in fuel-efficient engines due to the preference to reduce the size of the engine without changing its original power sections. The strict government rules and regulations regarding the safety of the environment have encouraged the manufacturers to produce fuel-efficient as well as eco-friendly vehicles so that they can turn and have resulted in the rising implementation of the automobile valves. The electrification of the vehicles and the use of advanced technology to manufacture a valve is expected to drive the automotive valve market during the forecasting period.
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Hybrid and electric vehicles need fewer valves than conventional vehicles, and such things are expected to decrease the growth of the automotive valve market. The rising cost of the raw material and the high cost of the technologically advanced machines is also another factor that decreases the growth of the automotive valve market. The automotive valve market is also dependent on the number of cylinders used in the vehicles. The decline in the number of cylinders in the vehicle due to the downsizing of the engine is also another factor, and it is expected to slow the market growth. The valve is one of the essential parts of an automobile engine that regulates the flow of the fuel and the exhaust gases in engine cylinders. The valves are critical in determining the vehicle's overall performance as it controls the flow into the combustion chamber. As the legislation regarding environmental protection becomes strict, innovative technologies are being developed to improve fuel efficiency and reduce emissions from the transportation sector. At the same time, the global pandemic has a negative impact on the valves market. This was mainly assigned to stop the production work of both valves and the complete vehicles due to the strict lockdown implemented in several regions.
Automotive Valve Market Segmentation:
As per the latest automotive valve market analysis report, the global market has been segmented into application type, vehicle type, function type, sales channel and regional basis. According to the application section, the market has been divided into engine valves, air conditioning valves, fuel system valves, EGR valves and others. The market is further classified into two sections passenger cars and commercial cars with the vehicle type. With the function type, the market has been divided into three parts such as pneumatic, hydraulic and electric. With the sales channel section, the market has been divided into two categories like OEM and aftermarket. According to the regional basis, it is further classified into five categories like Asia-Pacific, Europe, North America, South America and Middle East & Africa.
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Automotive Valve Market Regional Analysis:
With the largest automotive valve market in the world, China, in the Asian region, the rise in the demand for the automotive valves in the region is unavoidable. China also leads the world's electric vehicles market in volume, with Europe following closely. With China's heavy construction and infrastructure initiatives, the need for commercial vehicles is already high end is expected to further increase. Although the growing electrification is expected to have certain implications on the valves market, commercial vehicles and passenger cars report a huge demand.
Automotive Valve Industrial News:
The extensive utilization of aerosol valves in oral hygiene products, like teeth whiteners, mouthwash, and breath fresheners, is a considerable boost to the market growth.
Automotive Valve Market Key Players
· Continental AG (Germany)
· BorgWarner (U.S.)
· Denso Corporation (Japan)
· and Delphi Automotive (U.K.)
· Cummins Inc.
· Valeo S.A. (France)
· Robert Bosch GmbH (Germany)
· Aisin Seiki Co. Ltd. (Japan)
· Federal-Mogul (U.S.)
· Johnson Electric Group (Hong Kong)
· Automotive Valves Pvt. Ltd. (India)
· SSV Valves (India)
· AVR Valves Pvt. Ltd. (India)
· Nextech Engineering (India)
· SMB Engine Valves (India)
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