Automotive Valves Market: Global Industry Analysis and Forecast (2023-2029)

Automotive Valves Market size was valued at USD 25.15 Bn in 2022 and the total market is expected to grow at 2.5% of CAGR through 2023 to 2029 to reach USD 29.89 Bn.
Market Overview:
Automotive valves are mechanical devices used in internal combustion engines to control the flow of gas or liquid into and out of the cylinders or combustion chambers while the engine is running. They function similarly to many other valve types in terms of blocking or allowing flow, but they are simply mechanical devices that interact with other engine parts like rocker’s arms in order to open and close in the proper order and at the right times.

Long-term increases in vehicle manufacturing directly raise the need for valves, which is expected to drive the automotive valve market significant growth. Lowering vehicle emissions has been a priority for the automotive industry. OEMs are attempting to provide technologically advanced, lightweight, and emission-compliant automotive components.One of these parts is the valve, which is used to open, close, or impede the flow of a fluid (gases, liquids, fluidized solids, or slurries) in order to regulate, direct, or control it. Lightweight automobiles are becoming more popular among automakers as a way to improve fuel economy, which boosts the need for lightweight components.

The strict governmental regulations on environmental safety have pushed automakers to create environmentally friendly and fuel-efficient automobiles so that they can succeed, which has led to an increase in the use of car valves ultimately driving the Automotive Valves Market. The electrification of automobiles and the adoption of modern technology to create a valve are likely to drive the automotive valve market throughout the forecasting period. The report has addressed the direct impact of regulation on valve manufacturing and its demand in the automobile industry by countries.To know about the Research Methodology :- Request Free Sample Report
Automotive Valves Market Dynamics:
Strategic investment by key players penetrating the Automotive Valves Market

New demand for automotive valves is expected to come from electric vehicle manufacturers. The report has addressed the automotive valve demand from key electric vehicle manufacturers across the world and estimated the total market opportunity in 2022 and forecasted through 2029.

Increasing electrification of vehicles to uplift the demand for automotive valves in long term Since the last few years, OEMs have been adopting advanced technologies to meet stringent emission regulations, safety regulations, and increasing demand for comfort and convenience. Vehicle electronics play an important role in the improvement of vehicle performance. To grow its vehicle operations in China, Eaton Corporation, a diversified industrial corporation, announced that it would invest in a new engine valve production facility in Jining City, Shandong Province.

The business is excited about the development potential that the new location provides and is looking forward to working with both domestic and foreign automakers to develop technology-based solutions for their needs in the rapidly growing Chinese market. BorgWarner, a global pioneer in delivering innovative and sustainable mobility solutions for the automotive sector, is introducing new technologies through its global power electronics program for electrified vehicles.

An increase in demand for solenoid valves, new opportunities for key players

Modern autos use solenoids in a number of applications to increase performance and efficiency. Door locks and trunk releases, starter solenoid operations, automatic transmission control, dual-clutch transmission control, turbocharger control, and variable valve timing, as well as fuel ignition coils and engine fuel shut-off valves, EGR control, evaporative emission control (EVAP) system, ABS, air suspension system, and HVAC system, are a few of the more common applications. The market for solenoids is expected to be supported by rising consumer preference for new, upgraded transmission systems, such as AMT, DCT, and CVT, which offer an improved driving experience with better control and acceleration of the vehicle.

This is mostly due to the fact that transmission systems allow for real-time torque management with each gearshift. It takes longer for the torque to synchronize with the new gear because friction losses that are produced during gear changing are decreased and promptly matched with the torque needed for the new gear. As a result, automobiles' fuel efficiency has increased even more, and there is no longer any room for human error because sensors, solenoids, and computers now handle the majority of the work involved in shifting the gears. Thanks to these factors driving the automotive valves market

Government regulation drives Automotive Valve Market

The global automotive valve market is being driven by government rules and regulations that require automobiles to become more fuel-efficient. For example, Corporate Average Fuel Economy (CAFE) rules implemented by governments and regulatory organizations all over the world are driving automakers to improve the fuel efficiency of their vehicles within the timeframe outlined by them. Similar rules have been created by the National Highway Traffic Safety Administration (NHTSA) and the U.S. Environmental Protection Agency (EPA) for all new models of passenger automobiles and light trucks starting in 2017.

In order to lower the average corporate CO2 emissions brought on by two-wheelers, three-wheelers, as well as passenger and commercial vehicles, India has also enacted CAFÉ requirements from April. In an effort to lower typical company CO2 emissions brought on by two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles. To cut down on automobile fuel use, similar regulations are being enacted in a number of countries including China. These strict rules are likely to boost the market in the forecast period of 2023–2029 as automobile valves are used to increase fuel efficiency.

Upcoming challenges before Automotive Valves Market

The functioning of valves is frequently impacted by a few problems. Some of the frequent issues with valves include partial closure, improper opening, irregular noises from the valves, and coil issues with solenoid valves. For instance, human override, pressure differential, residual coil power, broken armature tubes, and damaged valve seats all contribute to partial valve closure. For example, some solenoid valves fail to open due to a power outage, an incorrect voltage, dirt accumulating behind the diaphragm, or unequal pressure. The valves also generate inconsistent noises while they are opening and shutting. The differential in intake or outlet pressure inside the system is what's causing the noise. Additionally, a few other factors such as the flow factor of the valve and compatibility with the media

also affect its operation. Thus, the above-mentioned technical problems are surfacing challenges for the automotive valve market. More challenges and errors are detailed covered in the report.

The high cost of raw material a growth restraint before Global Automotive Valves Market

The cost of raw materials has increased over the past year. For example, the cost of essential raw materials such as pig iron and steel has climbed 35-40% year on year between Apri-December 2022-23. The rise in raw material prices is stifling the growth of the automotive valves industry. Steel accounts for 39% of the average automobile, whereas aluminum accounts for 11%. Steel prices have risen 106 percent year on year, according to a Bank of America report issued last month.

Given the typical vehicle's high steel composition, this is "very worrying," according to the report. Increased material costs are expected to have a negative impact on suppliers and original equipment manufacturers (OEMs), with the latter facing even more indirect costs than the former. Both groups are affected by increased inflation prices and pre-existing supply chain disruption caused by the epidemic. Aside from rising raw material costs, the automotive value chain is already facing significant headwinds from supply chain interruptions and plant shutdowns.
Automotive Valves Market Segment Analysis:
Based on Application, the Automotive Valves Market is segmented into engine valves held the largest market share in 2022. The automotive valve market is expected to benefit from a 5%-7% growth in global vehicle production. Furthermore, the addition of new vehicles every year is expected to increase market volume during the forecast period.

Increasing vehicle electrification could boost long-term demand for automotive valves OEMs have been embracing new Battery Types in recent years to fulfill severe pollution requirements, improved ergonomics, and safety standards, and increased demand for comfort and convenience. Vehicle electronics play a significant role in improving vehicle performance. Furthermore, vehicle electrification is a critical facilitator of alternative fuel vehicle Battery Type.

Vehicle electrification benefits a number of automobile systems, including engine efficiency, heating, and air conditioning systems, and other services that use less fuel and emit less pollution. For modern hybrid powertrains to work, an array of electronics, including solenoid valves, sensors, actuators, and other components, is required. Mechanical components are expected to be replaced with electronic components in the near future, allowing the vehicle to be lighter, more fuel efficient, and emit less pollution engine valves boost the market growth.

Based on the EV Type, Global Automotive Valves Market is segmented into BEV, HEV, and PHEV. HEV held the largest market share in 2022. The application of smart valves and actuators, particularly in the industrial sector, is expected to develop as a result of factors such as the growing demand for wireless/remote infrastructure to monitor equipment in multiple facilities and an increased focus on technological improvements.

In order to operate with advanced monitoring Battery Type coordinated through a central control station, major sectors like oil and gas, water and wastewater treatment, and mining, among others, are moving toward valve Battery Type with integrated processors and networking capacity to boost the automotive valve in the hybrid electric vehicle market. Manufacturers suffer costs as a result of maintenance, productivity loss, and downtime when important equipment fails. A single hour of downtime costs more than $100,000 according to 98% of businesses. The best performance of all equipment remains a top goal for manufacturers, many of whom are using solutions and technologies that facilitate predictive maintenance on their production floor.

Based on the Sales Channel, the Automotive Valves Market is segmented into OEM and aftermarket. OEM holed the largest market share in 2022. During the forecast period, the OEM sales channel is likely to have a larger proportion of the automobile engine valve market.

The reason for this is that OEM components are intended to work with the other parts of the vehicle and are created entirely by the manufacturers. Furthermore, the customer expected to save a lot of time because they expected to not have to engage in the quality check elements themselves. OMEs specialize in taking creative plans and putting them into reality, whether they are for motorbikes, vehicles, earthmoving and agricultural equipment, or stationary engines. As an OE manufacturer, give every project the utmost emphasis and attention to detail. We provide unique OE manufacturing solutions that enable projects to move fast from early prototypes to full-scale repetitive parts production. We are uniquely suited to satisfy rapid lead times and rigorous quality requirements, regardless of the size of the order or the complexity of the specifications.

As an OE manufacturer with extensive capabilities, we expected to assist you in keeping the supply chain running. You benefit from the most recent production processes and technology, as well as lower inventory storage and distribution costs.

Automotive aftermarket held the second largest market share automotive aftermarket for being a leading force in the design and supply of innovative and high-quality Engine Valves and Valve Train Components that meet the market's specific demands. Every item that leaves our facility has been precisely designed, produced to the highest standards, and rigorously tested for safety and performance. Every aftermarket product we sell is manufactured to the same high-quality standards as the OEM goods we supply.

Today, we produce and provide over 3500 different types of Engine Valves and Valve Train Components for the automotive aftermarket, servicing 220+ major vehicle brands worldwide. The aftermarket provides high-quality service, trustworthy support, and industry-wide brand awareness. Whether for motorbikes, passenger automobiles, light/heavy duty trucks, commercial vehicles, tractors/farm equipment, earth moving equipment, or marine Engine Valves and Valve Train Components built to order and in OEM quality for all major vehicle classes and models. Every item is engineered to OE specifications, so the end user receives the superior form, fit, and function, and drives the automotive valve market.
Automotive Valves Market Regional Insights:
The Asia Pacific dominated the market with a 50 % share in 2022. The automotive valve market is expected to witness significant growth at a CAGR of 2.5% through the forecast period. The industry is expected to grow significantly due to the significant presence of automakers and suppliers in the area. Due to the rise in vehicle manufacturing, China has one of the largest automotive marketplaces. As a result, valves are in high demand all throughout the country. There is substantial demand for valves countrywide as a result of the increase in sales of electric vehicles.

India's small and medium-scale industries are growing quickly, which is expected to likely lead to significant market expansion. The demand for valves is probably going to rise along with the demand for light commercial and large commercial vehicles globally. The Asia Pacific is being closely followed by Europe in terms of revenue growth throughout the expected forecast period. The industry is expected to increase significantly due to the significant presence of automotive manufacturers and tier-1 suppliers throughout the area. A number of firms provide benchmarks for governmental emission regulations. For example,

The ISO/IEC 17025:2017 accreditation, which includes testing and calibration in laboratories and is expected to become a standard requirement across the car emissions testing sector, was obtained by Mahle GmbH in September 2022.

Are there any Opportunities for a startup in a time of crisis?
There haven’t been much progress in the automobile engine valve market's start-up environment.

Nobody is prepared to spend because of the rising usage of electric vehicles and the demand for fewer valves in future vehicles. However, with automation developing at a rapid pace and technology improvements occurring on an almost daily basis, potential start-ups can shift the tide in their favor.

Nothing can stop the expansion of the automotive engine valve market if effective robotics implementation is implemented in this domain. The reason for this is that the functioning of these valves should be completely synchronized with the operation of other parts, and robotics may perform marvels when used properly.

But in small automotive valve manufacturers gear up for explosive demand growth. For example in India With Rs 39.2 lakh crore in investments planned for urban infrastructure development over the next 20 years, as well as in the power, pipeline, and oil and gas sectors, the country's automotive valve manufacturers are on a roll. They are now focusing on increasing their manufacturing capacity and upgrading technologies in order to capitalize on this opportunity. There are around 600 valve manufacturers in India, with more than 95 percent classified as micro, small, and medium enterprises (MSME). More country-wise market analyses by small, medium, and large manufactures, and suppliers of the automotive valve market are covered in the report.
Competitive Landscape
Key companies are investing in related items such as wheel bearings and wheel hubs in an effort to broaden their offers. They are also forming strategic alliances with other significant companies in order to expand their partner network. The key participants are expected to benefit significantly also m&a helps to boost the market growth. The Mahle Group has always initiated to make a significant influence in the transportation industry. They believe it can be achieved by improving transportation efficiency, environmental friendliness, and comfort.

They have always supported the use of alternative fuels and have continually optimized combustion engines. Mahle created clean shipping Battery Type on September 5, 22. The components utilized in fuel cells allow for zero emissions while using hydrogen. Denso Corporation is a global leader in car engine valves. Denso has always made an effort to give each individual the best form of transportation. They've always tried to make it possible for individuals to travel anywhere they choose, guaranteeing that they get what they want.

Denso Corporation, BluE nexus Corporation, and AISIN Corporation revealed on July 22, 22 that they had created a new 1-motor hybrid gearbox that is expected to be utilized in Toyota's upcoming flagship CROSSOVER RS. More details about each key manufacturer and their tire 1 and tire 2 suppliers and strategies by region are covered in the report.
Automotive Valves Market Scope: Inquire before buying



Automotive Valves Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 25.15 Bn.


Forecast Period 2023 to 2029 CAGR:
2.5%
Market Size in 2029:
US $ 29.89 Bn.


 Segments Covered:
by EV Type
1. BEV
2. HEV
3. PHEV


by Application Type
1. Engine Valves
2. Air Conditioning Valves
3. Fuel System Valves
4. EGR Valves
5. Others


by Sales Channel
1. OEM
2. Aftermarket



Automotive Valves Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Automotive Valves Market, Key Players are:
1. Continental AG (Germany)
2. Denso Corporation (Japan)
3. Robert Bosch GmbH (Germany)
4. Borgwarner Inc. (US)
5. Valeo (France)
6. Hitachi, Ltd. (Japan)
7. Aisin Corporation (Japan)
8. Cummins Inc. (US)
9. Tenneco Inc. (US)
10. Eaton Corporation plc (Ireland)
11. Johnson Electric Holdings Limited (Hong Kong)
12. Stoneridge, Inc. (US)
13. GKN Automotive Limited (UK)
14. Mitsubishi Electric Corporation (Japan)
15. Tlx Technologies (US)
16. Rotex Automation Limited (India)
17. Solenoid Systems (US)
18. Kendrion (Netherlands)
19. Mzw Motor (China)
20. Zonhen Electric Appliances (China)
21. Padmini Vna Mechatronics (India)
22. Jaksa (Slovenia-Balkans)
23. Emerson Electric Co. (US)
24. Mahle GmbH (Germany)
25. Aisan Industry Co., Ltd. (Japan)
26. Delphi Technologies (UK)
27. SINUS (Israel)
28. Federal-Mogul Corporation (US)

Frequently Asked Questions:

1] What segments are covered in the Global Automotive Valves Market report?
Ans. The segments covered in the Automotive Valves Market report are based on Product Type and End User.

2] What is an automotive engine valve?
Ans. Engine valves are mechanical components that enable or limit the passage of fluid or gas to and from combustion chambers or cylinders during engine operation.

3] What are the 2 types of automotive valves?
Ans. Internal combustion engines with four cylinders or four cycles require two types of valves: the intake valve and the exhaust valve.

4] What are the function of valves?
Ans. The valves prevent blood from flowing backward. These valves are really flaps positioned at the ends of the two ventricles (lower chambers of the heart). They function as one-way blood inlets on one side of a ventricle and one-way blood exits on the other.

5. What is the study period of this Market?
Ans: The Global Automotive Valves  Market is studied from 2023 to 2029