Global Automotive Valves Market is valued approximately at USD 28.4 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2019-2026. The Automotive valve is referred as a multipurpose device that is an integral part of the combustion engine installed in the vehicles and is specifically used to monitor and control the flow of fluids in & out of the cylinder in the form of liquids, slurries, gases and fluidized solids. The Automotive valve mainly is responsible to handle the functionality of opening & closing of paths. The Automotive valves are mainly divided into two forms which includes inlet valves and outlet valves.
The inlet valves permit fuel to precisely enter the cylinder & the outlet valve permits gases to escape from the chamber after combustion. The proper synchronization is demanded into the inlet & outlet valves for the efficient operation of a vehicle. Moreover, the Automotive valves market is primarily driven owing to escalating passenger car production in Asia, surging electrification of vehicles to uplift the adoption and demand for automotive valves in the long term and rise in demand for solenoid vehicles. However, surging utility of engine downsizing by OEMs is acting as a restraining factor considering the growth of automotive valves market.
The regional analysis of global Automotive Valves market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to surging electrification of vehicles to enhance the demand for automotive valves in the long term. Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2016-2026. Factors such as surging passenger car production in Asia-Pacific coupled with surge in demand for solenoid valves.
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Major market player included in this report are:
Robert Bosch GmbH
Magna International Inc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Plated or Coated Valves
By Vehicle Type:
By Material Used:
Rest of the World