This growth is attributed to factors such as, demand for high-performance engine and carbon emission norms. The manufacturer’s preference toward energy efficient technology such as engine downsizing is expected to drive the growth of automotive engine valves market during the forecast period. The stringent emission norms will enable the major automotive manufacturer to adopt latest energy efficient technologies such as variable valve lift technology.
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Key Companies Analyzed In Report:
Continental AG (Germany), Aptiv PLC (U.K.), Denso Corporation (Japan), Eaton Corporation PLC (U.S.), Federal-Mogul Holdings Corp (U.S.), FTE Automotive GmBH (Germany), Hitachi Ltd (Germany), and Knorr-Bremse AG (Germany).
Global Automotive Engine Valves Industry Highlights:
This study provides an overview of the global automotive engine valve market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Engine valves market by its technology, fuel type, and vehicle type, and region
The factors that are responsible for the growth of automotive engine valves market are demand for high-performance engine and carbon emission norms. The manufacturer’s preference toward energy efficient technology such as engine downsizing is expected to drive the growth of automotive engine valves market during the forecast period. The stringent emission norms will enable the major automotive manufacturer to adopt latest energy efficient technologies such as variable valve lift technology. Additionally, the crankshaft is an important part of valve train system. The increasing demand of automobile crankshaft system will boost the demand for automotive valve market. Other key drivers expected to contribute in the growth of engine valves market are an increase in the growth of aftersales services, higher demand for components, and an increase in demand for engine valve oils and lubricants.
On the basis of region, the market is segmented into America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market in the future because of increased demand of fuel-efficient systems in commercial vehicles. North America market is facing challenges in supplying automotive components due to an increase in the cost of resources. On the basis of Vehicle Type, the market is segmented into passenger vehicles and commercial vehicles. Valve manufacturers focus on commercial vehicles to improve overall market share. Emerging countries such as India and China will play a crucial role in manufacturing ramp-up of commercial vehicles. Manufacturers are trying to reduce the overall cost of commercial vehicles. The valve assembly system play a vital role in achieving the optimize cost of vehicle. Thus, the automotive engine valve market is expected to grow at approximately 4% CAGR during the period 2017 to 2023.
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