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Segmentation:
The global Automotive Valve Industry is segmented based on product, function, application, and vehicle type.
On the basis of product, the market is segmented into solenoid, EGR valve, brake combination valve, engine valve, and others. The solenoid segment is expected to dominate the market during the forecast period, as solenoid Valve are safe to use and lightweight.
On the basis of function, the market is segmented into hydraulic, pneumatic, and electric. The electric segment is expected to dominate the market due to the improved efficiency offered by this type of valve.
On the basis of application, the market is segmented into engine, brake, and HVAC. The engine segment is expected to dominate the market, as automotive Valve are most widely used in engines to regulate the flow of various fluids.
Regional Analysis:
The global Automotive Valve Industry is segmented by region into North America, Europe, Asia Pacific, and rest of the world.
India is also likely to play a key role in the development of the Automotive Valve Industry in the coming years. The automotive industry in India has grown steadily over the last decade, due to a steady rise in passenger car sales as well as the increasing efforts of successive governments to make India a highly lucrative business environment for automotive industry players.
North America is likely to remain the second largest regional market for automotive Valve behind Asia Pacific.
Competitive Analysis:
Leading players in the global Automotive Valve Industry include Continental AG, Denso Corporation, Cummins Inc., Robert Bosch GmbH, Federal-Mogul, Automotive Valve Pvt. Ltd., AVR Valve Pvt. Ltd., SMB Engine Valve, Nextech Engineering, SSV Valve, Johnson Electric Group, Aisin Seiki Co. Ltd., Valeo SA, Delphi Automotive, and BorgWarner.
Industry Updates:
In December 2018, Eberspaecher Exhaust Technology developed a new generation of acoustic Valve claimed to provide a smoother, noise-free ride. The Valve are electrically operated and extremely lightweight, allowing a reduction in the overall muffler volume.
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