Automotive Safety System Market Outlook, Strategies, Analysis, Future Scope, Key Drivers Forecast To 2023
Automotive Valve Market Overview
The increasing adoption of advanced technological methods to improve valve timing and achieve peak performance from the engine at all times is likely to remain a key driver for the global automotive valves market. Valve timing plays a crucial role in maintaining optimum engine performance, which has made automotive valves a key topic for developers for premium, sports cars. The increasing demand for such cars and the overall increase in the use of advanced technology to monitor and regulate valve timing is likely to be a major driver for the global automotive valves market over the forecast period.
Segmentation
The global automotive valve market is segmented based on product, function, application, vehicle type, and region.
On the basis of product, the global automotive valves market is segmented into solenoid, EGR valve, brake combination valve, engine valve, and others. The solenoid segment is expected to dominate the market during the forecast period due to its light weight and operational safety.
On the basis of function, the market is segmented into hydraulic, pneumatic, and electric. Electric automotive valves are expected to dominate the global market due to their higher efficiency.
On the basis of application, the global automotive valves market is segmented into engine, brake, and HVAC. The engine segment is expected to dominate the market, as engine valves are the most widely used in the automotive industry and play a key role in maintaining engine performance.
Competitive Analysis
Leading players in the global automotive valves market include SMB Engine Valves, Nextech Engineering, AVR Valves Pvt. Ltd., SSV Valves, Automotive Valves Pvt. Ltd., Johnson Electric Group, Federal-Mogul, Aisin Seiki Co. Ltd., Robert Bosch GmbH, Valeo SA, Cummins Inc., Delphi Automotive, Denso Corporation, BorgWarner, and Continental AG. The leading players in the global automotive valves market are likely to focus on product development and innovation over the forecast period as the demand for stronger and lightweight automotive valves has grown over the last few years and is likely to remain a definitive factor in the global automotive valves market’s progress over the forecast period.
Regional Analysis
Asia Pacific dominates the global automotive valves market and is likely to remain the leading revenue generator over the forecast period due to the growing automotive industry in the region. China is likely to remain the leading national market due to the steady growth of the automotive industry in the country.
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