Automotive Engine Valves Market Volume Analysis, Segments, Value Share and Key Trends 2017-2027
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
By material type, the automotive engine valves market can be segmented into:
By vehicle type, the automotive engine valves market can be segmented into:
By sales channel, the automotive engine valves market can be segmented into:
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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Global Automotive Engine Valves Market: Market Participants
Examples of some of the market participants identified in the global automotive engine valves market are:
Severe Service Valve Inc. (SSV)
FUJI OOZX Inc.
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