Automotive Valves Market Size And Forecast
According to Verified Market Research, Global Automotive Valves Market was valued at USD 26.91 Billion in 2018 and is projected to reach USD 35.57 Billion by 2026, growing at a CAGR of 3.6% from 2019 to 2026.
What are Automotive Valves?
A valve is the part of the combustion engine of the vehicle which is used to provide the control to the flow of fluids and exhaust gasses in an engine cylinder. It is the essential entity in determining the vehicular performance. It is used to maintain the ratio of air to fuel mixture precisely. This in response used to enhance vehicle performance by improving the mileage and reducing the emission. It widely finds its application in the HVAC system, engine system, and brake system.
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Global Automotive Valves Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The demand for the automotive valve owing to the advancement in technology is the key factor propelling the market growth. In addition, the increasing adaption of the electric vehicle to enhance fuel efficiency and reduce the toxic emission are factors imposing a positive outlook on the market growth. Moreover, the increasing vehicular production in response to consumer demand is another factor driving the market growth. However, the growing adaption of the downsizing of the engine by OEMs is expected to hamper the market growth.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Automotive Valves Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Automotive Valves Market Competitive Landscape
The “Global Automotive Valves Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as BorgWarner, Denso Corporation, Continental AG, Robert Bosch GmbH, Valeo S.A, Aisin Seiki Co., Ltd., Cummins, Inc., Federal Mogul, Eaton Corporation PLC and Delphi Automotive. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Automotive Valves Market, By Product
• AT Control Valve
• Brake Combination Valve
• EGR Valve
• Engine Valve
Automotive Valves Market, By Vehicle-Type
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Electric Vehicle