Automotive Transmission Valve Spool Market - Segmentation and Industrial Overview Forecasts to 2030

Drivers, restraints, and opportunities

Increase in adoption of lightweight transmission systems and surge in demand for automatic transmission drive the growth of the global automotive transmission valve spool market. However, rise in adoption of engine downscaling techniques by OEM and high costs associated with advanced transmission valves hinder the market growth. On the other hand, advancements in spool valve technologies and rise in vehicle manufacturing in developing countries present new opportunities in the coming years.

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According to a recent report published by Allied Market Research, titled, "Automotive Transmission Valve Spool Market by Transmission Type, Speed, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2020-2030," 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%.

The automatic transmission segment to continue its lead position throughout the forecast period

Based on transmission type, the automatic transmission segment contributed to the largest share in 2020, holding around three-fifths of the global automotive transmission valve spool market, and is estimated to continue its lead position throughout the forecast period. This is due to affordability and compatibility provided by automatic transmission systems. However, the CVT segment is projected to manifest the highest CAGR of 7.2% from 2021 to 2030, owing to high demand for high-performance systems.

The passenger cars segment to maintain its leadership status during the forecast period

Based on vehicle type, the passenger cars segment held the largest share in 2020, accounting for more than half of the global automotive transmission valve spool market, and is expected to maintain its leadership status during the forecast period. This is due to surge in adoption of luxury automobiles with automatic transmissions in developing nations such as Brazil, India, and others. However, the heavy commercial vehicle segment is projected to portray the fastest CAGR of 7.3% from 2021 to 2030.

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Leading 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

North America to maintain its dominance in terms of revenue by 2030

Based on region, North America accounted for the highest market share in 2020, contributing to around one-third of the global automotive transmission valve spool market, and is expected to maintain its dominance in terms of revenue by 2030. This is attributed to utilization of automatic transmission systems by the majority of automobiles in the region. However, Asia-Pacific is expected to register the highest CAGR of 7.5% during the forecast period, owing to the expansion of the transportation & logistics industry in the region.

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