Press release
Global Automotive Valve Market will multiply at an impressive CAGR of 4.3% by 2024 & Top Key Players Continental AG, Delphi, Denso, Valco, Robert Bosch, Hitachi Ltd., Aisin Seiki, Eaton, Borg, Tenneco and Federal-Mogul.
The automotive valve market has been segmented by vehicle types into two wheelers, passenger cars, light commercial vehicles and heavy commercial vehicles. These segments are likely to boost the demand for automotive valves in automobile industries over the period 2017-2024. Further, the up gradation of vehicles with improved and advanced features are estimated to boom the automotive valve market by noteworthy revenue by the end of 2024.
The Global Automotive Valve Market is going to witness a vigorous growth during the period 2017-2024 and is expected to expand at a compound annual growth rate of 4.3% over the forecast year. The global automotive valve market is anticipated to reach an evaluation of around USD 32.8 billion by 2024. Further, the usage of automotive valves in almost all kind of vehicles is estimated to drive the growth of automotive valve market over the forecast period.
In regional segment, Asia-Pacific region is anticipated to grow with the highest CAGR over the forecast period. The countries, India and China contributed with a major market share in Asia Pacific region. Europe is the second biggest market which comprises of key contributors such as Italy, Germany, Spain, U.K and others. Other regions such as North America, Africa and Middle-East are going to witness a very considerable growth during the period 2017-2024.
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Automobile Market Reflects Significant Opportunities
As the global automobile market is expanding persistently, it is boosting the global automotive valve market. Further, with the increasing number of vehicles on the road, the manufacturers of automotive valve will witness enormous growth in automotive valve market over the forecast period 2017-2024. Apart from this, it has been observed that the reduction of carbon ignition and enhancement of fuel efficiency in the engine has strengthened the demand for suitable automotive valves. This factor is believed to supplement the growth of the automotive valve market globally. However, implementation of new technologies with the vehicles engines and there downsizing might inhibit the growth of the market in the near future.
The report titled “Automotive Valve Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the automotive valve market in terms of market segmentation by vehicle type, product type, material type, by sales channel and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the automotive valve market which includes company profiling of Continental AG, Delphi, Denso, Valco, Robert Bosch, Hitachi Ltd., Aisin Seiki, Eaton, Borg, Tenneco and Federal-Mogul The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the automotive valve market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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