Global Automotive Valve Market Size and Forecast 2022-2030

SDKI Inc. published a new research report on "Global Automotive Valve Market-Forecast 2022-2030" on November 18, 2021. The report provides a complete assessment of the market and its growth prospects, along with new business opportunities in the industry. It also includes market size and annual growth during the 2022-2030 forecast period.

Report sample URL
https://www.sdki.jp/sample-request-58890

The automotive valve market is estimated to reach US $ 43.69 billion by 2030 from a market value of US $ 32.32 billion in 2022 and is expected to grow at a CAGR of 4.4% during the 2022-2030 forecast period.

Automotive valves are a multipurpose device that is an integral part of the combustion engine installed in vehicles. Is called. It is specifically used to monitor and control the flow of fluid in and out of the cylinder in the form of liquids, slurries, gases and fluidized solids. Automotive valves mainly handle the opening and closing function of the path. Automotive valves are mainly divided into two types: inlet valves and outlet valves. The inlet valve allows the fuel to enter the cylinder accurately, and the outlet valve allows the gas to escape from the chamber after combustion.

Proper synchronization of inlet and outlet valves is required for efficient vehicle operation. The growth of the automotive valve market is driven primarily by the expansion of passenger car production in Asia and the surge in vehicle electrification to facilitate adoption. In addition, long-term demand for automotive valves and increasing demand for solenoid vehicles are also contributing to the growth of the automotive valve market. However, OEM engine downsizing surge utility could curb growth in the automotive valve market.

Continuous technological advances such as the Internet of Things (IoT), artificial intelligence (AI), 5G (5th generation cellular technology), robotics, virtual reality and augmented reality, and cloud computing are key to market growth. I am a contributor. The significant impact of these innovative technologies on almost every part of business and services around the world also contributes to market growth. According to an analysis by the United Nations Conference on Trade and Development (UNCTAD), the 5G market will account for US $ 608 million in 2018 and is estimated to account for an additional US $ 277 billion. China (9.5 million) has the highest number of 5G jobs, followed by the United States (3.4 million) and Japan (2.1 million). Another analysis by UNCTAD shows that Japan's ICT goods exports (% of total goods exports) accounted for 8% in 2019. Similarly, in the same year, the United States accounted for 8.7%, followed by Germany at 4.9%, the United Kingdom at 4%, and France at 3.8%. This growth is estimated to boost market growth during the forecast period.

Sample URL for the report
https://www.sdki.jp/sample-request-58890

Automotive valve market segment The

automotive valve market is by product type (monometallic valve, bimetal valve, hollow valve, plated or coated valve), function (intake, exhaust), vehicle type (two-wheeled vehicle, passenger car, LCV, HCV). ), By material used (steel, nickel alloy, titanium, other materials), and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

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This release was published on openPR.