Skip to main content

Automotive Engine Valve Market to Witness a Healthy Growth by 2032

 The automotive engine valve market is valued at US$ 6.2 bn as on 2022. In 2021, it had a valuation of US$ 5.89 bn. The market is projected to grow at a CAGR of 2.3% during the forecast period. By 2032, the market is anticipated to hold a valuation of US$ 7.78 bn.

They play a crucial role in sealing the combustion gases, when the engine undergoes combustion process. This ensures that the engine does not get overheated. This is expected to drive the demand for automotive engine valve during the forecast period.

Moreover, there are different kinds of automotive engine valve types, automotive engine valve material. This provides the option of customisation as well as flexibility.

Additionally, they are also effective in reducing the size of the vehicle without impacting its performance. This gives a look and feel to the vehicle. This is expected to drive the sales of automotive engine valve during the forecast period.

Furthermore, technological advancements are happening at a rapid pace, and this is touted to have a positive impact on the automotive engine valve market.

The governments across the world are laying down rules to combat air pollution as well as noise pollution. The best thing associated with automotive engine valve is that it effectively manages both. This is expected to drive the adoption of automotive engine valve during the forecast period.

There has also been an increase in the disposable income of consumers as compared to what it was a few years back. This has allowed the consumers to afford vehicles. The automotive engine valves are one of the most major components of vehicles.

Additionally, an increase in the adoption of autonomous vehicles is expected to drive the automotive engine valve market.

Thus, from the FMI analyses, it can be inferred that increasing disposable income, coupled with increase in the adoption of automobile systems, and many other factors are expected to drive the automotive engine valve market.

Key Takeaways

  • The automotive engine valve market is expected to grow at a CAGR of 2.3% during 2022-2032.
  • The automotive engine valve market was valued at US$ 5.89 bn as on 2021.
  • The market is valued at US$ 6.2 bn as on 2022.
  • The automotive engine valve market is expected reach a valuation of US$ 7.78 bn by 2032.
  • Based on the product type, bimetallic valves are expected to have the highest market share during the forecast period.
  • Based on the vehicle type, compact passenger cars are expected to have the highest market share during the forecast period.
  • Based on the material type, titanium is expected to have the highest market share during the forecast period.
  • Based on the sales channel, OEM are expected to have the highest market share.

Competitive Scenario

The automotive engine valve market is seeing a number of mergers and acquisitions. Apart from that, strategic partnerships are also seen with a view to develop the best quality valves for the customers.

Some of the recent developments in the automotive engine valve market are:

  • In August 2022, Knorr-Bremse announced that it would equip Alstom Coradia stream trains for German federal state of Baden-Wurttemberg.
  • In August 2022, Hitachi launched Grid-eXpand to accelerate grid expansion for a Carbon-Neutral future.

Key Companies Profiled

  • Mahle Group
  • Knorr-Bremse AG
  • Hitachi Ltd.
  • FUJI OOZX Inc.
  • FTE automotive GmbH
  • Federal-Mogul Holdings Corp
  • Eaton Corporation Plc.
  • Denso Corporation
  • Delphi Automotive PLC
  • Continental AG

Key Segments in the Automotive Engine Valve Market

By Product Type:

  • Mono Metallic Valves
  • Bimetallic Valves
  • Hollow Valves

By Vehicle Type:

  • Compact Passenger Cars
  • Mid-Sized Passenger Cars
  • Premium Passenger Cars

By Material Type:

  • Steel
  • Titanium
  • Nickel Alloy

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

For More Info@ https://www.futuremarketinsights.com/reports/automotive-engine-valves-market

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, and
Post a Comment
Read more

Perineal Care Market : Value Chain, Stakeholder Analysis and Trends by 2032

 The perineal care market is a segment of the healthcare industry that focuses on products and services designed to maintain hygiene and manage health concerns in the perineal area. The perineal region includes the genital and anal areas, and effective perineal care is crucial for maintaining personal comfort and preventing various health issues, particularly in aging populations and individuals with limited mobility. One of the primary drivers of the perineal care market is the growing aging population worldwide. As people age, they may experience mobility issues, incontinence, and an increased risk of developing conditions like pressure ulcers. Proper perineal care is essential in preventing complications and maintaining the quality of life for elderly individuals, leading to increased demand for perineal care products and services. In addition to the elderly population, perineal care is vital in healthcare settings, particularly in hospitals and long-term care facilit
Post a Comment
Read more

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket Key Players, Industry Overview, Applications and Analysis 2031

  The   U.S. automotive and aircraft leather aftermarket  is projected to reach a valuation of   US$ 7.8 Bn   in 2021. Rising demand for high-quality, lightweight, and durable leather for automotive and aircraft interiors is expected to push sales at   3.6% CAGR,   with the market valuation reaching   US$ 11.1 Bn   in 2031. Automotive and aircraft interior genuine leather is designed to provide comfort and to improve the visual appeal of the interiors. It also leaves the vehicle with a remarkable appearance and feel. It is used widely in midrange and premium passenger vehicles and in business class aircraft. The interior of a vehicle and aircraft that adds to the aesthetic appeal, is also a major factor that influences consumer buying decision. Longer operational life and extended warranties are some factors aiding the growth of the market. Request a Sample of this Report @   https://www.futuremarketinsights.com/reports/sample/rep-gb-14237 Leather manufacturers are providing customizat
3 comments
Read more