Automotive Engine Valves Market Poised for Steady Growth in the Future

The increasing economic and regulatory pressure on OEMs to reduce fuel emission levels and develop vehicles with enhanced fuel economies is causing the focus of auto manufacturers to shift towards investments in research and development and is compelling them to develop novel products/components that can produce better results than existing products/components. Extensive research has been done on different categories of vehicle components, be it light weighting of body and on body components using advanced materials or in engine air management components through the introduction of new and advanced products. Automotive engine valves are one of the most significant kinds of engine air management components that help in enhancing engine gas exchange and hence, accentuate engine and vehicle performance. Significant research has been done in recent past in terms of technology regarding the production of automotive engine valves. Downsizing of automotive engines supplemented with high power requirements has led to a surge in demand for automotive engine valves with high strength and high temperature resistance. Furthermore, automotive engine valves must be highly durable to cope up with increasing vehicle life. Proper timing of engine valve is responsible for vehicle’s proper air and fuel mixture ratio. On the other side, improper synchronization can lead to engine malfunction or improper mileage and excess emission of harmful gases.

In terms of function, any automotive contains two type of valves -- inlet valve and exhaust valve. The growth prospects for automotive engine valves market is expected to remain positive with OEM sales making a major contribution to the market size.

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Global Automotive Engine Valves Market: Market Dynamics

Global automotive engine valves market is expected to show positive growth over the forecast period, primarily due to the robust increase in vehicle sales across geographies. Robust growth in vehicle production and sales is being witnessed in developing nations including India, China, South Africa, etc. Furthermore, prevailing emission norms and standards such as those set by EPA (Environmental Protection Agency) and CAFE (Corporate Average Fuel Economy) impose heavy fines on automakers failing to follow the standards. This is causing automakers to invest in new engine valve technologies, which in turn, will significantly boost growth of automotive engine valves market.

Bedsides this, some factors such as prevailing economic fluctuations and uncertainties being faced by certain nations could hamper the growth of the market in near future. Furthermore, high cost of technology may also act as a factor restraining the adoption of high cost products among end-users. The market is anticipated to witness collaborations between OEMs and technology providers to develop cost effective solutions over the forecast period. The market for automotive engine valves market is characterized by consolidation and the scenario is expected to exist throughout the forecast period.

Global Automotive Engine Valves Market: Segmentation

The global automotive engine valves market can be segmented based on product type, material type, vehicle type and sales channel.

By product type, the automotive engine valves market can be classified into:

Mono metallic valves

Bimetallic valves

Hollow valves

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By material type, the automotive engine valves market can be segmented into:

Steel

Titanium

Nickel Alloy

Others

By vehicle type, the automotive engine valves market can be segmented into:

Two-wheelers

Passenger Cars

LCV

HCV

By sales channel, the automotive engine valves market can be segmented into:

OEM

Aftermarket

Global Automotive Engine Valves Market: Region-wise Outlook

By region, Asia Pacific is expected to remain the largest market for automotive engine valves as the region dominates in terms of global vehicle production. China, India, Japan and South Korea are anticipated to be the key contributors to the growth of the market in the region. India is expected to witness high y-o-y growth in automotive production over the forecast period– a significant support to sales of automotive engine valves. Followed by Asia Pacific, Europe is expected to be the next big market for automotive engine valves, with Germany, France, Italy, Spain and U.K. being key contributors to market growth. Following Asia Pacific and Europe, North America, Latin America and Middle East and Africa are expected to be next big markets, respectively, for automotive engine valves.

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This release was published on openPR.