Automotive Valves Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)

The Automotive Valves Market is segmented by Application Type (Engine Valves, Air Conditioning Valves, Fuel System Valves, EGR Valves, and Others), By Vehicle Type (Passenger Cars and Commercial Vehicles), By Function Type (Pneumatic, Hydraulic, and Electric), by Sales Channel Type (OEM and Aftermarket), and by Geography (North America, Europe, Asia Pacific, and Rest of the World). The report offers market size and forecast for the Automotive Valves in terms of value (in USD Billion) for all the above segments.

Market Snapshot

Automotive Valves Market_Overview
Study Period: 2018-2026
Base Year: 2020
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: <5 %

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Market Overview

The automotive valves market was valued at USD 30 Billion in 2020 and is expected to reach USD 40 Billion by 2026, registering a CAGR of 5% during the forecast period.

The Covid-19 pandemic had a negative impact on the valves market. This was mainly attributed to the halt in production of both valves and the complete vehicles as a result of worldwide lockdown and social distancing norms implemented due to the pandemic. This has led to an economic downfall of the automotive industry as a whole, and the automotive valves consequently. However, with the increased preference for private vehicles and projected increase in demand for vehicles, the valves market is hopeful for an economic revival.

The automobile sector has been concentrating on lowering vehicle emissions. OEMs are working to produce technologically innovative and lightweight car components that will meet the new emission criteria. The valve is one of these components, and it is used to regulate, direct, or control the flow of a fluid (gases, liquids, fluidized solids, or slurries) by opening, closing, or obstructing the flow. Automotive valves have a direct impact on the performance and responsiveness of several vehicle systems. From mechanical valves to advanced electro-mechanically controlled valve points, the global automotive valves market has evolved.

The global automotive valves market will be driven by a growth in demand for fuel-efficient and light-weight vehicle components, as well as emissions legislation in developed nations and increased vehicle manufacturing.

Scope of the Report

The Automotive Valves Market is segmented by Application Type (Engine Valves, Air Conditioning Valves, Fuel System Valves, EGR Valves, and Others), By Vehicle Type (Passenger Cars and Commercial Vehicles), by Function Type (Pneumatic, Hydraulic, and Electric), by Sales Channel Type (OEM and Aftermarket), and by Geography (North America, Europe, Asia Pacific, and Rest of the World). The report offers market size and forecast for the Automotive Valves in terms of value (in USD Billion) for all the above segments.

Application Type
Engine Valves
Air Conditioning Valves
Fuel System Valves
EGR Valves
Others
Vehicle Type
Passenger Cars
Commercial Vehicles
Function Type
Pneumatic
Hydraulic
Electric
Sales Channel
OEM
Aftermarket
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia Pacific
Rest of the World
South America
Middle-East and Africa

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Key Market Trends

Aftermarket Bsuiness Is Expected To Grow Significantly

The current fast pace of transitioning towards electric vehicles in major countries is expected to shift the valve manufacturers emphasis towards valve manufacturing for electric vehicles. As the number of electric passenger cars and commercial vehicles increases, the conventional Internal Combustion Engine vehicles are expected to witness reduced usage in daily needs and commercial requirements. However, as there are significantly high number of in-use ICE vehicles, the demand for aftermarket valves is anticipated to remain high during the forecast period. 

Also, with the increase in electric vehicle sales, the demand for valves that find uses in electric vehicles are expected to witness huge demand going forward. These valves could be used for air conditioning, brake fuel pumping, and other areas of an electric car or an electric commercial vehicle.

trend_1

Asia-Pacific Leading the Automotive Valves Market

With the world's largest automotive market - China in the Asian region, the rise in demand for automotive valves in the region is inevitable. China also leads the world's electric vehicles market in terms of volume, with Europe following closely. With China's immense construction and infrastructure initiatives, the need for commercial vehicles is already high and is expected to further increase.

Although the growing electrification is expected to have certain implications on the valves market, in major Asia markets like China, India, Indonesia, and Thailand, commercial vehicles and passenger cars report huge demand. Even if the transition towards electrification has both advantages and disadvantages with respect to the valves market, the sheer volume of vehicles and demand for services both OEM and the aftermarket is expected to negate any economic consequences, the electrification is expected to cause. 

Also, the increased demand for safety systems to be implemented in vehicles in these regions is another major driving factor for the valves market, because of the usage of valves in various systems like Anti-Lock Braking Systems and others.

trend_2

Competitive Landscape

The global automotive valves market is dominated by key players such as Rober Bosch (Bosch Auto Parts), Hitachi Astemo, BorgWarner, Denso Corporation, and Eaton Corporation among others. Many companies have opted for the merger and acquisition strategy in order to cater to the expected huge demand for valves from both conventional internal combustion engine vehicles and the new electric vehicles.

Recent Developments

  • In July 2021, Eaton Corporation announced that the company supplies hollow valves for the engine families that Stellantis builds in Brazil. The valves are specifically designed for Fiat T3 and T4 engine families.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application Type

      1. 5.1.1 Engine Valves

      2. 5.1.2 Air Conditioning Valves

      3. 5.1.3 Fuel System Valves

      4. 5.1.4 EGR Valves

      5. 5.1.5 Others

    2. 5.2 Vehicle Type

      1. 5.2.1 Passenger Cars

      2. 5.2.2 Commercial Vehicles

    3. 5.3 Function Type

      1. 5.3.1 Pneumatic

      2. 5.3.2 Hydraulic

      3. 5.3.3 Electric

    4. 5.4 Sales Channel

      1. 5.4.1 OEM

      2. 5.4.2 Aftermarket

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Rest of North America

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Russia

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia Pacific

        1. 5.5.3.1 India

        2. 5.5.3.2 China

        3. 5.5.3.3 Japan

        4. 5.5.3.4 South Korea

        5. 5.5.3.5 Rest of Asia Pacific

      4. 5.5.4 Rest of the World

        1. 5.5.4.1 South America

        2. 5.5.4.2 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Denso Corporation

      2. 6.2.2 Robert Bosch GmbH (Bosch Rexroth)

      3. 6.2.3 Borgwarner Inc.

      4. 6.2.4 Valeo S.A.

      5. 6.2.5 Hitachi, Ltd. (Hitachi Astemo)

      6. 6.2.6 Aisin Seiki Co., Ltd.

      7. 6.2.7 Cummins, Inc

      8. 6.2.8 Federal Mogul

      9. 6.2.9 Eaton Corporation PLC

      10. 6.2.10 Johnson Electric Group

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Valves Market market is studied from 2018 - 2026.

The Automotive Valves Market is growing at a CAGR of <5% over the next 5 years.

The Automotive Valves Market is valued at 30 Billion USD in 2018.

The Automotive Valves Market is valued at 40 Billion USD in 2026.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2020.

Eaton Corporation, Denso Corporation, Hitachi Astemo , BorgWarner Inc., Bosch Auto Parts are the major companies operating in Automotive Valves Market.

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