Global Automotive Engine Valve Market growing at a CAGR of 4.7% from 2023 to 2030
Category : Automotive Services | Published Date : Jun 2023
Key Market Overview
The global automotive engine valve market was valued at USD 5,149.23 Million in 2022 and is expected to register a compound annual growth rate of 4.7% to reach USD 7,385.55 Million in 2030.
The report highlights the increasing demand for high-performance automotive engine valves to reduce carbon emissions from automobiles. Consegic Business Intelligence provides an inclusive research report on the automotive engine valve market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Automotive Engine Valve Market By Overview
The report analyses significant segments including product type, vehicle type, material type, fuel type, sales channel, and region, to identify emerging trends and potential opportunities. The product type segment is expected to grow due to the ability of monometallic valves to offer durability, high-temperature resistance, and high sealing properties under normal to high-stress conditions. Moreover, bimetallic valves offer enhanced durability and heat resistance properties to the engines, resulting in the market growth.
Get Free SampleMarket Dynamics
Driver:
- The growing adoption of vehicles among consumers for commuting and short-distance travelling is driving the growth of the market.
- The technological advancements in engine design and performance of the vehicle is accelerating the growth of the market.
- The rising government regulations to reduce carbon emissions from automobiles is propelling the growth of automotive engine valve market.
Restraints:
- The growing adoption of electric vehicles among consumers is hindering the growth of the market.
Market Segmentation:
| Report Attributes | Report Details |
| By Product Type | Monometallic Valves, Bimetallic Valves, and Hollow Valves |
| By Vehicle Type | Compact Passenger Cars, Mid-Sized Passenger Cars, Premium Passenger Cars |
| By Material Type | Steel, Titanium, and Nickel Alloy |
| By Fuel Type | Diesel and Gasoline |
| By Sales Channel | OEM and Aftermarket |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The global automotive engine valve market is highly competitive due to the presence of major players such Continental AG, Cummins, BorgWarner, Denso Corporation, Eaton Corporation PLC, Federal-Mogul Holdings Corp, FTE Automotive GmBH, Hitachi Ltd., Johnson Electric Group operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in automotive engine valve market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Continental Automotive Technologies GmbH
- BorgWarner
- Denso Corporation
- Eaton Corporation PLC
- Federal-Mogul Holdings Corp
- FTE Automotive GmBH
- Hitachi Ltd
- Johnson Electric Group
- Knorr-Bremse AG
- Robert Bosch GmbH
- Schaeffler AG
- Cummins Inc.