Press release
Valve Seat Inserts Market 2024: Industry Growth Drivers and Market Trends
Valve Seat Inserts Market 2024
According to The Business Research Company's, the valve seat inserts market size has grown steadily in recent years. it will grow from $5.67 billion in 2023 to $5.94 billion in 2024 at a compound annual growth rate (cagr) of 4.7%. the growth in the historic period can be attributed to automotive industry growth, environmental regulations, maintenance and replacement needs, increasing focus on fuel efficiency and engine performance, and expansion of aftermarket sales channels.
the valve seat inserts market size is expected to see steady growth in the next few years. it will grow to $7.20 billion in 2028 at a compound annual growth rate (cagr) of 4.9%. the growth in the forecast period can be attributed to advances in material science, shifting consumer preferences, changes in raw material prices, availability, the growth of electric vehicles, and industry collaborations. major trends in the forecast period include the adoption of additive manufacturing, focus on lightweight materials, integration with engine design, digitalization and simulation, and continued focus on surface treatments.
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The increasing demand for passenger cars and commercial vehicles is expected to propel the growth of the valve seat insert market going forward. Passenger cars refer to automobiles designed primarily for the transportation of passengers rather than goods. Commercial vehicles are automobiles used for transporting goods or passengers for business purposes. The demand for passenger cars and commercial vehicles is rising for several reasons, including economic growth, urbanization, and regulatory changes. Valve seat inserts are integral to both passenger and commercial vehicles by improving durability, enhancing performance, aiding in heat management, facilitating maintenance, and supporting emissions control. Their use ensures reliable engine operation across various applications and operational conditions. For instance, in October 2022, according to a report released by the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts, an Australia-based government department, in Australia, the number of registered passenger vehicles rose from 14.86 million in 2021 to 15.08 million in 2022. Additionally, registrations for light commercial vehicles increased from 3.66 million to 3.82 million over the same period. Therefore, the increasing demand for passenger cars and commercial vehicles is driving the growth of the valve seat insert market.
Major companies operating in the valve seat insert market are developing innovative products, such as valve seat cutter blades, to make cutting hardened and multi-alloy valve seat materials easier. Valve seat cutter blades are tools used in engine maintenance and machining processes. These blades are typically part of a valve seat cutting tool set used to re-machine or cut valve seats in cylinder heads. For instance, in July 2021, Goodson, a US-based provider of specialized tools, launched the Saber Tooth Valve Seat Cutter Blade. It is designed to enhance valve seat cutting with a special alloy that eases the process on hardened and multi-alloy materials. These blades offer up to 30% longer life. The transition to SABER TOOTH blades will begin with seat cutter blades, identifiable by a sticker with the SABER TOOTH logo on the packaging.
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Eaton Corporation, GKN Automotive, Cooper Corp., AVL List GmbH, Mahle GmbH, Nittan Valve Co Ltd, Federal-Mogul Corporation, Fuji Oozx Inc, Del West Engineering Inc., Garima Global Pvt. Ltd, Manley Performance Products Inc., Sealed Power Corporation, Ashok Trading Corporation, Serdi LLC, Dura-Bond Bearing Company, Goodson Tools & Supplies, Erling, Arrow Precision Ltd, Qualcast LLC, Summit Valve Train LLC
The Business Research Company recently released a comprehensive report on the Global Remote Cardiac Monitoring Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, the remote cardiac monitoring market size has grown exponentially in recent years. it will grow from $5.08 billion in 2023 to $6.21 billion in 2024 at a compound annual growth rate (cagr) of 22.2%. the growth in the historic period can be attributed to increasing prevalence of cardiovascular diseases, global increase in the elderly population, favorable regulatory approvals, growing awareness about preventive healthcare, significant investment and funding in health-tech startups.
the remote cardiac monitoring market size is expected to see exponential growth in the next few years. it will grow to $13.92 billion in 2028 at a compound annual growth rate (cagr) of 22.4%. the growth in the forecast period can be attributed to increasing healthcare infrastructure, awareness in emerging economies, continued rise of telehealth services, growing consumer interest in wearable health tech, and efforts to reduce healthcare costs by minimizing hospital readmissions. major trends in the forecast period include seamless integration of ai and machine learning algorithms with telehealth platforms, data security and privacy enhancements, development of personalized monitoring solutions, increased use of cloud-based platforms for data storage and analytics, technological advancements.
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Market Drivers and Trends:
The increasing prevalence of cardiovascular diseases is expected to propel the growth of the remote cardiac monitoring market going forward. Cardiovascular diseases are a group of disorders involving the heart and blood vessels, including conditions such as coronary artery disease, heart failure, arrhythmias, and hypertension. Cardiovascular diseases are rising due to factors such as unhealthy diets, physical inactivity, increased prevalence of obesity and diabetes, and aging populations. Remote cardiac monitoring is required for cardiovascular diseases to enable continuous, real-time tracking of heart health, allowing for early detection, timely intervention, and better management of these conditions. For instance, in August 2022, a report published by the American College of Cardiology, a US-based non-profit medical association, projected significant increases in cardiovascular risk factors in the US by 2060, with diabetes rising by 39.3% to 55 million individuals and stroke cases increasing by 33.8% to 15 million. Therefore, the rising prevalence of cardiovascular diseases will drive the remote cardiac monitoring market.
Major companies operating in the remote cardiac monitoring market are developing technologically advanced solutions, such as ultrasound systems, to enhance the accuracy and convenience of cardiac health monitoring. An ultrasound system refers to a medical device used for performing ultrasound imaging. For instance, In December 2022, Royal Philips launched the Ultrasound Compact System 5000 Series, offering premium diagnostic quality, portability, compatibility with EPIQ Elite and Affiniti transducers, and featuring Collaboration Live telemedicine software for real-time remote consultations. It provides access to premium cart-based diagnostic quality, emphasizing portability and versatility while maintaining high image fidelity and performance.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=17243&type=smp
Major Key Players of the Market:
Abbott Laboratories, Honeywell International Inc., Medtronic Plc, Koninklijke Philips N.V., GE Healthcare, ZOLL Medical Corporation, Boston Scientific Corporation, Hill-Rom Holdings Inc., Masimo Corporation, Biotronik SE, Nihon Kohden Corporation, OSI Systems Inc., Irhythm Technologies Inc., BioTelemetry Inc., Spacelabs Healthcare Inc., AMC Health, Huma Limited , Alivecor Inc., Contec Medical Systems Co. Ltd., InfoBionic Inc., Bardy Diagnostics Inc., ChroniSense Medical Ltd., Ejenta Inc., Cardiomo Care Inc., Vitls Inc.
Remote Cardiac Monitoring Market 2024 Key Insights:
• The remote cardiac monitoring market size is expected to grow to $13.92 billion in 2028 at a compound annual growth rate (CAGR) of 22.4%.
• Rising Prevalence Of Cardiovascular Diseases Fuels Growth In Remote Cardiac Monitoring Market
• Technological Advancements In The Remote Cardiac Monitoring Market
• North America was the largest region in the remote cardiac monitoring market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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