Market Research Report
Automotive Engine Valve - Global Market Outlook (2020-2028)
|Automotive Engine Valve - Global Market Outlook (2020-2028)|
Published: June 1, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Automotive Engine Valve Market is accounted for $29.99 million in 2020 and is expected to reach $48.17 million by 2028 growing at a CAGR of 6.1% during the forecast period. Increasing electrification of vehicles to uplift the demand for automotive valves and growth of automotive valves on the backdrop of production are driving the market growth. However, increasing the adoption of engine downsizing by OEMs may hamper the market growth.
Automotive valves are electromechanical or mechanical devices, and these devices are used to control the flow of gas, liquid, slurry. The responsiveness and performance of different systems of the vehicle directly depend on the automotive valves.
Based on the vehicle type, the electric vehicle segment is going to have lucrative growth during the forecast period due to the increasing government support for green vehicles is increasing the demand for automotive machineries such as valves and actuators.
By geography, Asia Pacific is going to have high growth during the forecast period due to the increasing installation of advanced technology features such as automatic transmission, Anti-lock braking system (ABS), and start-stop systems are expected to increase the demand for supporting valves.
Some of the key players profiled in the Automotive Engine Valve include Continental, Delphi Automotive, Eaton, Federal-Mogul Holdings, FTE automotive, Fuji Oozx, Hitachi, Knorr-Bremse, Mahle Group, ShengChi, Tongcheng, Tyen Machinery, Wode Valve, Xin Yue, and Yangzhou Guanghui.
All the customers of this report will be entitled to receive one of the following free customization options:
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.