Automotive Engine Valves Market segmented into Technology (Tappet Valves, Spring Return Valves, Desmodromic Valves, Quattrovalvole Valves), Fuel Type (Gasoline and Diesel), Vehicle Type (Passenger Car and Commercial Vehicle), and Region.
Automotive Engine Valves Market Key Companies Analyzed for this research report are:
Continental AG (Germany), Aptiv PLC (U.K.), Denso Corporation (Japan), Eaton Corporation PLC (U.S.), Federal-Mogul Holdings Corp (U.S.), FTE Automotive GmBH (Germany), Hitachi Ltd (Germany), and Knorr-Bremse AG (Germany).
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Market Highlights:
The factors that are responsible for the growth of automotive engine valves market are demand for high-performance engine and carbon emission norms. The manufacturer’s preference toward energy efficient technology such as engine downsizing is expected to drive the growth of automotive engine valves market during the forecast period. The stringent emission norms will enable the major automotive manufacturer to adopt latest energy efficient technologies such as variable valve lift technology. Additionally, the crankshaft is an important part of valve train system. The increasing demand of automobile crankshaft system will boost the demand for automotive valve market. Other key drivers expected to contribute in the growth of engine valves market are an increase in the growth of aftersales services, higher demand for components, and an increase in demand for engine valve oils and lubricants.
The Automotive Engine valve is used to control the flow of fuel mixtures in the cylinder chamber. The engine valve train system is mounted on engine cylinder to control the engine dynamics such as valve timing and firing order. In the current technology-driven automotive industry, the engine valve are manufactured in various shapes and size to improve the overall efficiency of engine technology. Various components used in engine valve train system, are valve spring, valve sear, spring retainer, rocker arm, push rod and cam.
Heat resistant materials are most widely used due to the ability to withstand burnt gas temperature when the vehicle travels on rough terrain roads. The factors that are responsible for the growth of automotive engine valve market during the forecast period are growing automotive industry with energy-efficient technologies, increase in demand for automotive components and changing regulatory norms by the government. Original equipment manufacturers (OEM) and Tier 1 suppliers are developing new technologies and light vehicle components, which can uphold the new regulatory compliance on emission technology. The market of automotive engine valve is expected to grow at 4% CAGR during the forecast period.
Automotive industry has witnessed significant technological developments in automotive engines. Valves are an essential part of the automotive engine system, and are designed to control the flow of gasses in the engine. Increased research into advanced technologies such as camless engine among manufacturers, is likely to improve the efficiency of the automotive components. The engine valve manufacturers are testing new materials, design and technologies to improve the overall performance of the engine. Manufacturers are also focusing on improvisation of valve timing, shape and size, surface coating and valve seats mate to improve overall dynamics of engine technology.
Automotive Engine Valves Regional Market Analysis:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there is an increase in the production of commercial vehicles in countries such as India, China, and Japan. As market growth is shifted to developing countries, cost-effective technological solution will drive the market. In the newer vehicles, the manufacturers tend to demand the energy efficient technology in the vehicle. This growing demand for the energy efficient technology in the newer vehicle will result in the high demand for engine valve in the vehicles.
Manufacturers are trying to focus on the commercial vehicle market to capture the major part of revenue. The growing demand for commercial vehicles with installed latest technology will result in the growth of engine valve in the vehicles. This will drive the Asia Pacific market.
In North America, there is shortage of automotive component suppliers due to an increase in the cost of resources such as raw materials. It will give rise to slower inventory performance and limited flexibility of supply chain. The suppliers are facing different challenges in terms of operating performance. A demand for alternate powertrain solutions, raw material cost volatility, long-term value creation, stringent emission norms, and the need to improve fuel economy ratio are some of them. The suppliers will play a significant role in attaining cost-effective technological solution for auto component to accommodate the new technology. However, the potential investment by automotive component manufacturers is shifted toward the developing countries such as India, China and Brazil.
Market Segmentation:
This study provides an overview of the global automotive engine valve market, tracking three market segments 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 Automotive Engine valves market by its technology, fuel type, and vehicle type, and region
The automotive engine valve market is segmented based on Technology and Fuel Types. On the basis of technology, the market is segmented as Tappet Valves, Spring Return Valves, Desmodromic Valves and Quattrovalvole Valves. Tappet valves are widely used in engine and covers majority of engine valves market. Based on Fuel Type, the market is segmented as Gasoline Engine and Diesel Engine. Different types of valve train system are used for gasoline and diesel engine as per their timing cycle.
Major Table of Content:
TABLE 1 GLOBAL AUTOMOTIVE ENGINE VALVE MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA AUTOMOTIVE ENGINE VALVE MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE AUTOMOTIVE ENGINE VALVE MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC AUTOMOTIVE ENGINE VALVE MARKET: BY COUNTRY, 2017-2023
TABLE 5 ROW AUTOMOTIVE ENGINE VALVE MARKET: BY COUNTRY, 2017-2023
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