Market Synopsis:
Automotive Engine Valves Market 2018 – Global Industry Forecast to 2023, is depth analysis research report on Global Automotive Engine Valves Market, which analyzes Automotive Engine Valves Market Size, Share, Growth Drivers, Sales, and Global Key Players with Regional forecast to 2023. Global Automotive Engine Valves Market Growing at 4% CAGR during the Forecast Period of 2018 to 2023.
Automotive Engine Valves Market Key Players Analysis:
Some of the key players analyzed in report are Aptiv PLC (U.K.), Eaton Corporation PLC (U.S.), FTE Automotive GmBH (Germany), Hitachi Ltd. (Germany), Continental AG (Germany), Denso Corporation (Japan), Federal-Mogul Holdings Corp (U.S.), and, Knorr-Bremse AG (Germany).
The players of the engine automotive valves market compete with each other to gain an edge over others by focusing on three vital aspects, i.e., quality, price, and, innovation. The competitive landscape of the market highlights the domination by established players in market share and control.
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The automotive industry is growing leaps and bounds owing to factors such as increased demand and production, the rise in disposable income levels, expanding economies, etc. The boom in the automotive industry has fuelled the expansion of global automotive engine valves market, as the valves form an indispensable part of vehicles’ combustion engine. The latest report published by Market Research Future (MRFR) reveals that the global automotive engine valves market is set to grow at a CAGR of 4% for the assessment period (2017-2023).
The inlet valve, which lets the fuel enter the cylinder at the time of combustion, and an outlet valve, which allows exhaust gases to escape after combustion, requires proper synchronization and timing for the vehicle to work efficaciously. The manufacturers are incessantly endeavoring to come up with such timing for valves which can comply with regulations regarding fuel efficiency and also lower carbon emission levels. Some of the valves used in automobiles and fuelling the demand for engine valves in the market are AC expansion valves, fuel system valve, thermostat valve, etc.
The players in the market are constantly investing in research and development for engine downsizing, improving technology, and reducing carbon emission. Other factors responsible for the growth of the market are stringent carbon emission norms, adoption of energy efficient technologies such as variable valve lift technology, increase in the growth of aftersales services, higher demand for components, and, an increase in demand for engine valve oils and lubricants. Additionally, the increase in demand for automobile crankshaft system, which is a vital part of valve train system, will boost the demand for automotive valve market. Some of the factors that will adversely affect the market growth are increased costs of inventory and fluctuating prices of valves.
Global Automotive Engine Valves Market Segmentation:
- By technology, the market has been segmented into tappet valves, spring return valves, desmodromic valves, and quattrovalvole valves. Tappet valves account for a majority share in the market as it is widely used in engines.
- By fuel type, the market is bifurcated into gasoline and diesel. Gasoline and diesel engines use different types of valves depending on the timing cycle.
- By vehicle type, the market has been segmented into passenger car and commercial vehicle. The manufacturers are focusing on the production of commercial vehicles to strengthen market foothold.
Regional Analysis:
By region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World (RoW). A significant share of the market is held by the Asia Pacific region owing to the high demand for fuel-efficient commercial cars. India and China can experience a boom in commercial vehicles manufacturing, which in turn, can drive the growth of the market. Furthermore, factors like rapid industrialization and thriving urbanization have aggravated the issue of pollution in emerging economies such as India and China. Therefore, the need for reduction in carbon emissions by vehicles is also fuelling the growth of automotive engine valves market. The North American region will face challenges such as restrained flexibility of supply chain, increased cost of resources, etc.
Industry News:
Tenneco strikes a deal worth USD 5.4 Bn to buy Icahn’s Federal-Mogul, a debt-heavy auto parts company. Icahn Enterprises will receive USD 800 Mn in cash and USD 29.5Mn in shares from Tenneco.
Market Scope of Report:
This study provides an overview of the global Hydrogen Fuel Cell Vehicle market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Hydrogen Fuel Cell Vehicle market by its product and region.
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