Automotive Valves Market By Type, Key Players, Regions And Product Type - Forecast To 2017 - 2022

 

Global Automotive Valves Market: Snapshot

The global automotive valves market is anticipated to be pampered by the soaring demand for automobiles underlining the significance of the valves in evaluating their performance. Automobiles equipped with ecofriendly and advanced engines being highly demanded are envisioned to subsequently benefit the growth of the market. Owing to the inclination of consumers toward electric automobiles, solenoid valves could welcome a growing demand in the market.

The electrification of automobiles, introduction of sophisticated technology, and increased manufacturing are projected to be crucial factors important for the growth of the market. New government regulations enforced on automobile manufacturers for safeguarding the environment could augment the demand for automotive valves with the production of efficient and environment-friendly automobiles.

The global automotive valves market is envisaged to parade a valuation of US$34.2 bn by the end of 2022 at a CAGR of 4.9% between 2017 and 2022. In 2017, the market was valued at a US$27.0 bn.

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automotive valves market

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Engine Valve Flaunts Staggering Revenue Beating other Products

The world automotive valves market is foreseen to be classified according to four categories, viz. product, vehicle, sales channel, and function. As per the product classification, the market could be segregated into AT control valve, water valve, tire valve, exhaust gas recirculation valve, solenoid valve, fuel system valve, thermostat valve, brake valve, air conditioning (A/C) valve, and engine (inlet and outlet) valve. Amongst these, engine (inlet and outlet) valve could rake in a higher share in the market while growing at a 5.2% CAGR.

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The segmentation of the world automotive valves market by vehicle could include plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), heavy commercial vehicles (HCVs), light commercial vehicles (LCVs), luxury passenger cars, premium passenger cars, mid-size passenger cars, and compact passenger cars.

By sales channel, the world automotive valves market is foretold to be segmented into original equipment manufacturer (OEM) and aftermarket.

On the basis of function, electric, pneumatic, hydraulic, and mechanical and pilot-operated could be key segments of the world automotive valves market.

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