Press release
Growing Adoption Of Hybrid Electric Vehicles (HEVS): An Emerging Driver Transforming The Automotive Valves Market Landscape
Automotive Valves
What Is the Projected Growth of the Automotive Valves Market?
Over the past few years, the size of the automotive valves market has been steadily increasing. It is projected to expand from $31.44 billion in 2024 to $32.89 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.6%. This growth in the previous period is due to an increase in global vehicle production, strict emission standards, heightened awareness of climate change, increased acceptance of electric vehicles, and demand for fuel-efficient vehicles.
The market for automotive valves is predicted to witness considerable growth in the upcoming years, reaching a size of $41.35 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 5.9%. The spurt in growth can be attributed to the shift towards electric and hybrid vehicles, advancements in self-driving technology, an emphasis on lightweighting and material innovations, the incorporation of intelligent valve technology, and worldwide sustainability efforts. Key trends predicted for the forecast period include the focus on lightweighting and material innovations, the adoption of intelligent valve technologies, global sustainability efforts, and the impact of digitalization and Industry 4.0.
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What Are the Different Automotive Valves Market Segments?
The automotive valves market covered in this report 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
Subsegments:
1) By Engine Valves: Intake Valves, Exhaust Valves
2) By Air-Conditioner Valves: Expansion Valves, Service Valves
3) By Brake Valves: Proportioning Valves, Anti-lock Brake System (ABS) Valves
4) By Thermostat Valves: Mechanical Thermostat Valves, Electronic Thermostat Valves
5) By Fuel System Valves: Fuel Injectors, Fuel Pressure Regulator Valves
6) By Solenoid Valves: Normally Closed Solenoid Valves, Normally Open Solenoid Valves
7) By Exhaust Gas Recirculation (EGR) Valves: Vacuum EGR Valves, Electronic EGR Valves
8) By Tire Valves: Valve Stems, TPMS (Tire Pressure Monitoring System) Valves
9) By AT Control Valves (Automatic Transmission Control Valves): Pressure Control Valves, Shift Control Valves
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What Are the Primary Drivers Shaping the Automotive Valves Market?
The automotive valves market's growth is anticipated to be spurred by the increasing use of hybrid electric vehicles (HEVs). An HEV is a type of vehicle that uses both an internal combustion engine (ICE) propulsion system and an electric propulsion system. Automotive valves, such as HVAC valves, solenoid valves, brake combination valves, and tire valves, are taken from both ICE and battery electric vehicles (BEV) and utilised in HEVs. These valves sustain the smooth operation of the HEV. For instance, a report released by the U.S. Energy Information Administration Government Agency in January 2024 stated that the ratio of hybrids, plug-in hybrids, and BEVs in the total new light-duty vehicle (LDV) sales increased from 12.9% in 2022 to 16.3% in 2023. Furthermore, these vehicles' percentage peaked at 17.9% of the total LDV sales in the latter half of 2023. Hence, the increased popularity of hybrid electric vehicles (HEVs) is propelling the growth of the automotive valves market.
Which Companies Are Leading in the Automotive Valves Market?
Major companies operating in the automotive valves market are Denso Corporation, Robert Bosch GmbH, Continental AG, Eaton Corporation, Aisin Seiki Co. Ltd., Schaeffler AG, Mahle Group, BorgWarner Inc., Federal-Mogul Holdings LLC, Hitachi Automotive Systems, Johnson Electric, FTE Automotive, Knorr-Bremse AG, Valeo SA, Mikuni Corporation, Hilite International, Rheinmetall Automotive AG, ElringKlinger AG, Magna International Inc., Camshaft Machine Company, GKN Driveline, AVK Holding A/S, Cummins Inc., Tenneco Inc., Dana Incorporated, WABCO Holdings Inc., Rotex Automation, Fujikiko Co. Ltd.
What Are the Major Trends Shaping the Automotive Valves Market?
In the automotive valve industry, the focus on product innovation is a significant trend gaining traction. Major industry participants are relentlessly innovating to maintain their market presence. TLX Technologies, a machinery manufacturer based in the United States, demonstrated this trend when in June 2024, they launched a series of new modular valves specifically tailored for the thermal management systems of electric vehicles (EVs). These novel valves are designed to boost the efficacy of EV cooling systems by providing precise coolant flow control, thereby enhancing battery robustness and supporting vehicle safety. These adaptable modular solutions facilitate optimized thermal management in EVs, thus enhancing energy efficiency and extending the longevity of essential parts like batteries and electric motors. Such a move underlines TLX's dedication to promote the burgeoning EV market through cutting-edge, customizable thermal management solutions.
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What Are the Top Revenue-Generating Geographies in the Automotive Valves Market?
Asia-Pacific was the largest region in the automotive valves market share in 2024. The regions covered in the automotive valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Valves Market?
2. What is the CAGR expected in the Automotive Valves Market?
3. What Are the Key Innovations Transforming the Automotive Valves Industry?
4. Which Region Is Leading the Automotive Valves Market?
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