Automatic Valves Market Growth Region - Global Forecast to 2022Industry News | Jan.07.2020
The Automotive Valves Market, by value, is projected to grow at a CAGR of 4.1% during the forecast period, to reach USD 32.51 Billion by 2022.
The global automotive industry has witnessed significant growth in the last few years. The recent growth of the industry can be attributed to factors such as increasing vehicle demand and production in emerging markets, rising demand for electric cars in developed markets, and a positive economy outlook. The growth of the automotive industry is expected to fuel the demand for various automotive components such as engine valves and powertrain components, as well as advanced electronics components such as advanced driver assistance systems. One of the necessary components is valves, which help in the functioning of the engine and other functions.
Automotive valves are mechanical or electromechanical devices that are used to control the flow of gas, liquid, slurry, or other fluid materials. The performance and responsiveness of different systems of the vehicle directly depend on the automotive valves. In the present scenario, the manufacturers and suppliers have developed highly technological automotive valves (for e.g. EGR and AT control valves) as per the requirement of different vehicle models. These valves can considerably increase the efficiency of the vehicle and can match the performance demand of the consumer. Different types of valves are installed to support various vehicle functions such as cooling, brake, door locks, and fuel circulation. These include valves such as the engine valve, exhaust gas recirculation valve, and brake combination valve. The solenoid valve can be used to control medium circulation in an automobile or linear motion of the plunger, which is used in various applications such as door locks, steering locks, starter motors, fuel valve control, and anti-lock braking system (ABS) to name a few.
In this study, ten major types of valves are covered, namely, engine (inlet and outlet) valve, a/c valve, brake valve, thermostat valve, fuel system valve, solenoid valve, exhaust gas recirculation (EGR) valve, tire valve, water valve, and automatic transmission (AT) control valve. In this study, 2016 has been considered the base year, and 2017 to 2022 the forecast period, for estimating the size of the global automotive valves market. The report analyzes and forecasts the market size, by volume (million units) and value (USD million), of the automotive valves. The report segments the global automotive valves market and forecasts its size, by volume and value, on the basis of region, product type, application type, function type, vehicle type, and electric vehicle type. The report also provides a detailed analysis of various forces acting in the market including drivers, restraints, opportunities, and challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
The research methodology used in the report involves various secondary sources such as Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries and suppliers have been interviewed to understand the future trends of automotive valves market. The bottom-up and top-down approaches have been used to estimate and validate the size of the global automotive valves market. The market size, by volume, is derived by identifying the region-wise production volumes and analyzing the demand trends.
Tags: Automatic Valve
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