Dublin, November 1, 2021 (Global News Agency)-ResearchAndMarkets.com has added the "Automotive Valve Market-Growth, Trends, COVID-19 Impact and Forecast (2021-2026)" report to the products of ResearchAndMarkets.com.
The automotive valve market is valued at 30 billion U.S. dollars in 2020 and is expected to reach 40 billion U.S. dollars by 2026, with a compound annual growth rate of 5% during the forecast period.
The Covid-19 pandemic has had a negative impact on the valve market. This is mainly due to the global blockade and social distancing regulations caused by the pandemic that have led to the cessation of production of valves and complete vehicles. This led to the economic recession of the entire automotive industry and automotive valves. However, as the preference for private cars increases and the demand for vehicles increases, the valve market is expected to achieve economic recovery.
The automotive industry has been committed to reducing vehicle emissions. Original equipment manufacturers are working hard to produce technological innovations and light-duty automotive parts that meet the new emission standards. Valve is one of these components, it is used to adjust, guide or control the flow of fluid (gas, liquid, fluidized solid or slurry) by opening, closing or obstructing the flow. Automotive valves have a direct impact on the performance and responsiveness of multiple vehicle systems. From mechanical valves to advanced electromechanical control valve points, the global automotive valve market has developed.
The global automotive valve market will be driven by the growth in demand for fuel-efficient and lightweight automotive parts, as well as emissions regulations and increased automotive manufacturing in developed countries.
After-sales business is expected to grow significantly
The current rapid transition to electric vehicles in major countries is expected to shift the focus of valve manufacturers to valve manufacturing for electric vehicles. With the increase in the number of electric passenger cars and commercial vehicles, it is expected that the use of traditional internal combustion engine vehicles in daily and commercial needs will decrease. However, due to the large number of ICE vehicles in use, the demand for aftermarket valves is expected to remain high during the forecast period.
In addition, with the increase in sales of electric vehicles, it is expected that there will be a huge demand for the valves used in electric vehicles in the future. These valves can be used in air conditioning, brake fuel pumps, and other areas of electric vehicles or electric commercial vehicles.
Asia Pacific leads the automotive valve market
As Asia has the world's largest automotive market-China, the increase in demand for automotive valves in this region is inevitable. China also leads the world electric vehicle market in terms of sales volume, followed by Europe. With China's huge construction and infrastructure initiatives, the demand for commercial vehicles is already high and is expected to increase further.
Although the continuous development of electrification is expected to have a certain impact on the valve market, there is huge demand for commercial vehicles and passenger vehicles in major Asian markets such as China, India, Indonesia, and Thailand. Even as far as the valve market is concerned, electrification transformation has both advantages and disadvantages. It is expected that the number of cars and the service demand for original equipment manufacturers and aftermarket will offset any economic consequences, but electrification is expected to cause.
In addition, the increased demand for vehicle safety systems in these regions is another major driver of the valve market because of the use of valves in various systems such as anti-lock braking systems.
2 Research methods 3 Executive summary 4 Market dynamics 4.1 Market drivers 4.2 Market constraints 4.3 Industry attractiveness-Porter's five forces analysis 4.3.1 Threats of new entrants 4.3.2 Bargaining power of buyers/consumers 4.3. 4.3.4 Buyers / Consumer’s Bargaining Power 4.3. Supplier’s Bargaining Power 4.3. Supplier’s Bargaining Power 4.3.5 Degree of Competition 5 Market Segmentation 5.1 Application Type 5.1.1 Engine Valve 5.1.2 Air Conditioning Valve 5.1.3 Fuel System Valve 5.1 .4 EGR valve 5.1.5 other 5.2 models 5.2.1 passenger car 5.2.2 commercial vehicle 5.3 functional type 5.3.1 pneumatic 5.3.1 2. hydraulic 5.3.3 electric 5.4 sales channels 5.4.1 OEM 5.4.2 after-sales market 5.5 Geography 5.5.1 North America 5.5.1.1 United States 5.5.1.2 Canada. 35.1 Other North America 5.5.2 Europe 5.5.2.1 Germany 5.5.2.2 United Kingdom 5.5.2.3 France 5.5.2.4 Russia 5.5.2.5 Spain 5.5.2.6 Other Europe 5.5 .3 Asia Pacific 5.5.3.1 India 5.5.3.2 China 5.5.3.5 .3.3 Japan 5.5.3.4 South Korea 5.5.3.5 Rest of Asia Pacific 5. 5.4 Rest of the World 5.5.4.1 South America 5.5.4.2 Middle East and Africa 6 Competitive landscape 6.1 Supply Supplier Market Share 6.2 Company Overview 6.2.1 Denso Corporation 6.2.2 Robert Bosch GmbH (Bosch Rexroth) 6.2.3 Borgwarner Inc. .4 Valeo SA 6.2.5 Hitachi, Ltd. (Hitachi Astemo) 6.2.6 Aisin Seiki Co., Ltd. 6.2.7 Cummins, Inc 6.2.8 Federal Mogul 6.2.9 Eaton Corporation PLC 6.2.10 Johnson Electric Group 7 MARKET opportunities and future trends For more information on this report, please visit https://www.researchandmarkets. com/r/tygpfu
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