Global Automotive Valves Market: Overview
Automotive valve is a device mainly used for regulating and controlling the flow of air as well as fuel mixture. Automotive valves are generally found in the pipe fittings which are used in different applications such as diesel engines, steam engines, petrol engines, cooking, or heating appliances. They are also used in commercial, industrial, automobiles, military, and residential establishments. Auto valves of different dimensions and sizes are used in almost all kinds of cars, aircraft, trucks, tractors, and two-wheelers. Globally, automotive valves manufacturers are manufacturing a wide range of auto valves in various materials. A distinctive automotive valve size mainly starts from fractions of an inch to 20 to 25 feet in diameter. It includes two valves specifically intake and wear out auto valves, which are majorly utilized for letting air and fuel combination in and out.
Global Automotive Valves Market: Growth Factors
The increased utilization of the products such as industrial greases, car cleaners, and lubricants anticipate boosting the popularity and demand for the aerosol goods leading to rising in the popularity and demand for the automotive valves market across the world. The current growth of the industry is due to several factors such as rising production and vehicle demand in up-and-coming markets, increasing demand for electric cars in industrial markets, and the positive economic outlook. The development of the automotive industry is anticipated to boost the demand for a different automotive mechanism such as power-train components and engine valves, as well as developed electronics components such as driver assistance systems which are contributing to the growth of the automotive valves market
Global Automotive Valves Market: Segmentation
Global automotive valves market has been classified into categories such as vehicle type, product type, application, and function type. On the basis of vehicle type, the market is categorized into light commercial vehicles, passenger cars, engine (inlet and outlet) valves, heavy commercial vehicles. On the basis of product type, the automotive valves market is fragmented into thermostat valve, brake valve, engine (inlet and outlet) valves, A/c valve, fuel system valve, exhaust gas recirculation valve, solenoid valve, tire valve, AT control valve, water valve. On the basis of application, the market is divided into HVAC system, brake system, engine system, and others (tire, body, etc.). On the basis of function type, the automotive valves market is divided into hydraulic, pneumatic, electric, and others (pilot-operated, mechanical). On the basis of an electric vehicle, the market is classified as HEV, BEV, and PHEV.
Global Automotive Valves Market: Regional Analysis
The Asia Pacific is anticipated to witness a rising growth in the automotive valves market in terms of revenue due to strong economic development in the emerging economies which includes Indonesia, India, and China. Latin America is also projected to show a stable growth rate in the future. In the Middle East region, the market is anticipated to grow at a sluggish rate.
Global Automotive Valves Market: Competitive Players
Some of the major companies in the global automotive valves market are Knorr-Bremse AG, Mahle Group, FUJI OOZX Inc., Delphi Automotive PLC, Denso Corporation, Hitachi Ltd., Federal-Mogul Holdings Corp., FTE Automotive GmbH, and Eaton Corporation Plc., among others.
Global Automotive Valves Market: Regional Segment Analysis
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