According to a new market report published by Lucintel, the future of the global automotive valves market looks promising with opportunities in passenger cars, light commercial vehicles and heavy commercial vehicles segments. The global automotive valves market is expected to grow with a CAGR of 5% from 2021 to 2026. The major drivers for this market are growing electrification of vehicles, increasing vehicle production and sales, and increasing efficiency and performance of vehicles.
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In this market, engine valves, air-conditioner valves, brake valves, thermostat valves, fuel system valves, solenoid valves, exhaust gas recirculation valves, tire valves, water valves and AT control valves are major valve types used in automotive valves . On the basis of comprehensive research, Lucintel forecasts that solenoid valves will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the significant usage in standard vehicle applications such as motor starter, steering locking system, and fuel valve control, and it is fast in operation and is suitable for electronic functions such as door locking system and anti-lock braking system.
Within the global automotive valves market, the passenger cars segment is expected to witness the highest growth over the forecast period due to the rising demand for fuel-efficient vehicles and rising sales and production of the vehicles.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the growing electrification of vehicles to uplift the demand for automotive valves. Japan and South Korea’s presence with their technological advancement, tremendous vehicle production in developing economies like China and India will fuel the automotive valves market in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include demand for advanced electronics components, advancement in technology and increasing adaption of the electric vehicle to enhance fuel efficiency. Robert Bosch GmbH, Continental AG, Denso Corporation, BorgWarner Inc., Schaeffler AG, Eaton Corporation, Federal-Mogul Corporation, MAHLE GmbH, Jinan Worldwide Auto-Accessory Limited ICP and Magna International Inc. are suppliers of the automotive valves market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive valves market by product type, application, function, propulsion, vehicle type and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Valves Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive valves market by product type, application, function, propulsion, vehicle type and region, as follows:
By Product Type [Value ($ Million) from 2015 to 2026]:
Engine valves
Air-conditioner valves
Brake valves
Thermostat valves
Fuel system valves
Solenoid valves
Exhaust gas recirculation valves
Tire valves
Water valves
AT control valves
By Application [Value ($ Million) from 2015 to 2026]:
Engine System
HVAC System
Brake System
Others
By Function [Value ($ Million) from 2015 to 2026]:
Electric
Pneumatic
Hydraulic
Others
By Propulsion [Value ($ Million) from 2015 to 2026]:
Internal Combustion Engine (ICE)
Electric Vehicle
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Light commercial Vehicles
Heavy Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.