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Driving Efficiency: Navigating Developments in the Automotive Valves Market || Robert Bosch GmbH, Continental AG, Denso Corporation, BorgWarner Inc
Automotive Valves Market
The Business Research Company's Automotive Valves Global Market Report 2023 identifies the growing adoption of hybrid electric vehicles (HEVs) is expected to propel the growth of the automotive valves market going forward. A hybrid electric vehicle (HEV) is a vehicle that combines an internal combustion engine (ICE) propulsion system with an electric propulsion system. Automotive valves from both internal combustion engine (ICE) and battery electric vehicles (BEV) vehicles are used in HEVs. which include HVAC valves, solenoid valves, brake combination valves, and tire valves. The automotive valves support HEV with their smooth functioning. For instance, according to Gadgets 360, an Indian-based media brand, the US sales of hybrid vehicle sales jumped 76 percent to 801,550 vehicles in 2021, whereas hybrid electric vehicles in the United States with 5.8 million units sold in December 2020.
The global automotive valves market size is expected to grow from $28.64 billion in 2022 to $30.02 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive valves market is expected to grow to $35.69 billion in 2027 at a CAGR of 4.4%.
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Major competitors in the automotive valves market are Robert Bosch GmbH, Continental AG, Denso Corporation, BorgWarner Inc., Schaeffler AG, Eaton Corporation plc., Federal-Mogul Corporation.
A key trend in the automotive valves market includes product innovations. Major players in the automotive valves sector are focused on product innovations to sustain their marketplace. For an instance, in October 2021, Emerson, a US-based machinery manufacturer, launched the first comprehensive valve assemblies. These Innovative features can improve critical performance specifications in safety instrumented systems by up to 50%.
Read More On The Global Automotive Valves Market Report Here: https://www.thebusinessresearchcompany.com/report/automotive-valves-global-market-report
The automotive valves market is segmented -
1) By Product Type: Engine Valves, Air-Conditioner Valves, Brake Valves, Thermostat Valves, Fuel System Valves, Solenoid Valves, Exhaust Gas Recirculation Valves, Tire Valves, AT Control Valves
2) By Propulsion and Component: Internal Combustion Engine (ICE), Electric Vehicle
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Buses, Truck
4) By Application: Engine System, HVAC System, Brake System, Other Applications
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. AAsia-Pacific was the largest region in the automotive valves market.
The Business Research Company's "Global Automotive Valves Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Valves Market Include:
1. Executive Summary
2. Automotive Valves Market Characteristic
3. Automotive Valves Market Trends And Strategies
4. Automotive Valves Market - Macro Economic Scenario
5. Automotive Valves Market Size And Growth
……………
27. Automotive Valves Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Valves Market
29. Automotive Valves Market Future Outlook And Potential Analysis
30. Appendix
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