Automotive Valve Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023
Summary
Automotive Valve Market Information, by Product (Solenoid, EGR Valve, Brake Combination Valve, Engine Valve, and Others), Function (Hydraulic, Pneumatic, Electric), Application (Engine, Brake, HVAC), and Vehicle Type (Passenger Car, Commercial Vehicle)
Automotive Valve Market Overview
The global automotive valves market is mainly driven by the growing demand from the automotive industry. The automotive industry has grown rapidly over the last few years due to the growing spending capacity of consumers in emerging regions such as Asia Pacific and Latin America.
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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.
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.
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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