Automotive Transmission Valve Spool Market

The global automotive transmission valve spool market was valued at $1.54 billion in 2020, and is projected to reach $2.81 billion by 2030, registering a CAGR of 6.5%. North America was the highest revenue contributor, accounting for $509.0 million in 2020, and is estimated to reach $866.4 million by 2030, with a CAGR of 5.8%.

Automotive transmission valve spool is a critical component of automobile automatic transmission systems that regulates the flow direction of the energy source by combining or switching the oil's travel paths. Spool valves are available in a broad range of configurations, with some having numerous ports and the ability to regulate several aspects of automobile transmission systems at the same time. Spool valves are a typical technique to regulate hydraulic components by using a simple spool positioned within an outer casing to allow, limit, or stop the flow of the energy source. Rise in adoption of automatic transmission systems by automotive end users and increase in vehicle production boost the growth of the automotive transmission valve spool market. Automobile manufacturing activities have a direct impact on the demand for automotive transmission valve spool.

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Major Market Players:
• Argo-Hytos Inc.
• Bosch Rexroth AG
• Christian Bürkert Gmbh & Co. KG
• Dymax
• Eagle Industry Co., Ltd.
• Eaton Corporation plc
• GMB Corporation
• HAWE Hydraulik SE
• HYDAC International GmbH
• Parker-Hannifin Corporation

The factors, such as rise in adoption of lightweight transmission systems, increase in demand for commercial vehicles, and surge in demand for automatic transmission, are expected to drive the growth of the global automotive transmission valve spool market. However, increase in adoption of engine downscaling techniques by OEM and high costs associated with advanced transmission valves are expected to restrict the growth of the Automotive Transmission Valve Spool market during the forecast period. Moreover, advancement in spool valve technologies, and increasing vehicle production in developing countries are the factors anticipated to supplement the global automotive transmission valve spool market growth.

The automotive transmission valve spool market is divided into transmission type, speed, and vehicle type, and region. By transmission type, it is divided into automatic transmission, continuously variable transmission, and dual clutch transmission. On the basis of speed, it is divided into upto 5 speed transmission, 5 to 7 speed transmission, and above 7 speed transmission. By vehicle type, it is segmented into passenger cars, light commercial vehicle, and heavy commercial vehicle. Region-wise it is analyzed across North America, Europe, Asia-Pacific, and LAMEA

Key Market Segments
By Transmission Type
• Automatic Transmission
• Continuously Variable Transmission
• Dual Clutch Transmission
By Speed
• Upto 5 speed transmission
• 5 to 7 Speed Transmission
• Above 7 Speed Transmission
By Vehicle Type
• Passenger Cars
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Modern automobiles require advanced materials to improve fuel efficiency while ensuring safety and performance. Since it takes less energy to accelerate a lighter entity than a heavy one, lightweight materials have the potential to significantly improve the vehicle economy. Regulatory demands on automakers, along with technology advancements in automotive powertrains, have resulted in the development of lightweight automotive transmission systems for production cars. The combination of sophisticated hardware and software assists automotive component makers in lowering the weight of automobile components such as transmission systems. For instance, in March 2020, Freevalve created a valve technology that used pneumatic actuators to open and close each valve individually. The valve technology contributes to the development of small and lightweight transmission systems for the Koenigsegg Gemera. In addition, heavy steel automotive components can be reduced in weight by 10-60% by replacing them with materials such as high-strength steel, aluminium, or glass fibre-reinforced polymer composites. The transmission of a vehicle plays an important part in total performance and efficiency as the engine itself, which has led to the development of new high-tech transmission systems. For instance, Ford and General Motors collaborated to design a lightweight 10-speed automatic gearbox to extract more power from their V8 engines.

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COVID-19 Impact Analysis
• The impact of COVID-19 on the automotive transmission valve spool market is unclear and it is expected to remain restricted until the second quarter of 2021.
• To prevent spread of the COVID-19 virus, governments across the globe implemented strict lockdowns and made social distancing mandatory. Consequently, several organizations began work from home programs as precautionary measure. This led to a sudden fall in global demand for automobiles.
• Moreover, nationwide lockdowns disrupted the supply chain as several manufacturing facilities across the globe were forced to partially or completely shut down their operations.
• The adverse impacts of the COVID-19 pandemic resulted in massive supply-demand challenges across the globe.

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