Market Research Report
Air Inject Check Valve Market, By Application, By Service Provider, By Market Type and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
|Air Inject Check Valve Market, By Application, By Service Provider, By Market Type and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028|
Published: May 8, 2022
Coherent Market Insights
Content info: 130 Pages
Delivery time: 2-3 business days
Inject air check valves are one way check valves which prevent exhaust gases from entering the engine's system. However, if the vale fails to operate, it reduces engine efficiency drastically by changing the air-to-fuel ratio in the engine. Thus, it is recommended by car manufactures to replace the air inject check valve after an indication given by the vehicle's engine. Air inject check valves are made of aluminum.
Technological advancements in terms of material and manufacturing have increased the average operational age of vehicles. For instance, in 2018, according to Coherent Market Insights' analysis, over the next five years the number of vehicles aged over 12 years is expected to increase by 15%; and the number of vehicles that are 16-24 years old increased 1.3X in 2018 compared to 2000. Moreover, as the average life of the vehicle is increasing it is expected to increase repair and replacement of components, thus boosting the global air inject check valve market growth.
Furthermore, authorized service dealers offer replacements and repair services at significantly higher costs compared to local shop owners. For instance, companies such as General Motors Company, Bayerische Motoren Werke AG (BMW), and other vehicle companies provide a one-year standard warranty on the air inject check valve which comes with the vehicle. After completion of the warranty period, customers need to spend around US$ 50 to US$ 500 on the air inject check valve depending upon the company and car model if purchased from an authorized dealer. On the other hand, local repairing shops charge much less compared to authorized service centers. Thus, authorized service dealers are typically preferred by new vehicle owners as they have their vehicle under warranty period.
This report segments the global air inject check valve market on the basis of application, service provider, market type, and region. On the basis of application, the global air inject check valve market is segmented into passenger vehicles and commercial vehicles. On the basis of service provider, the global air inject check valve market is segmented into authorized service dealer and local service provider. On the basis of market type, the global air inject check valve market is segmented into OEM market and aftermarket. On the basis of region, the global air inject check valve market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa.