Press release
The Automotive Transmission Valve Spool Market Reach USD 2.81 Billion by 2030 Growing at 6.5% CAGR
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.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐๐๐ - 222 ๐๐๐ ๐๐ฌ) ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/A13876
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 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.
๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐ฎ๐ฅ๐ฅ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐๐ญ : https://www.alliedmarketresearch.com/automotive-transmission-valve-spool-market-A13876
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.
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.
๐๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐๐ง๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ฅ๐๐๐ฌ๐ ๐๐๐๐ฅ ๐๐ซ๐๐ ๐ญ๐จ ๐๐จ๐ง๐ญ๐๐๐ญ ๐จ๐ฎ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/connect-to-analyst/A13876
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.
The key players profiled in the Automotive Transmission Valve Spool Market report are Argo-Hytos Inc., Bosch Rexroth AG, Christian Bรผrkert Gmbh & Co. KG, Dymax, Eagle Industry Co., Ltd., Eaton Corporation plc, GMB Corporation, HAWE Hydraulik SE, HYDAC International GmbH, and Parker-Hannifin Corporation.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A13876
๐๐จ๐ฏ๐ข๐-๐๐ ๐๐๐๐ง๐๐ซ๐ข๐จ
โ Manufacturing activities of automotive transmission valve spool stopped due to lockdown measures implemented across many countries. In addition, disruptions in the supply chain and shortage of raw materials presented challenges in implementing manufacturing with full capacity.
โ As automotive vehicle sales decreased considerably across the world, the demand for transmission valve spools from the automotive sector decreased. However, automotive sales are expected to increase in the last quarter of 2021, which in turn, will increase transmission valve spool demand.
โ The ban on import-export activities resulted in supply chain disruption and supply-demand gap. However, the supply chain is estimated to be restored as restrictions are lifted off.
๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฉ๐ญ๐จ ๐๐% ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ (222 ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ) ๐๐ญ: https://www.alliedmarketresearch.com/automotive-transmission-valve-spool-market/purchase-options
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