Automotive Valves Market Scenario
Increasing vehicle demand & production in emerging markets, rising demand for electric cars in developed markets, and a positive economy outlook s are some of the major factors propelling the automotive valves market globally. Furthermore, increasing passenger car production in BRIC region is also one of the factor propelling the growth of automotive valves market. However, increasing adoption of engine downsizing by OEMS is one of the major factor expected to hamper the global growth of the market.
Automotive Valves Market Segmentation
The automotive valves market is segmented by Product Type, Application, Function Type, Vehicle Type and Geography. The Product Type comprises of Engine (Inlet & Outlet) Valve, A/C Valve, Brake Combination Valve, Thermostat Valve, Fuel System Valve, Solenoid Valve, Exhaust Gas Recirculation (EGR) Valve, Tire Valve, Selective Catalyst Reduction (SCR) Valve and Automatic Transmission (AT) Control Valve. Likewise, the various Application of Automotive valves are Engine System, HVAC System, Brake System and Others (Tire, Safety, SCR System, Body). Furthermore, various Function Type of this market are Electric, Hydraulic, Pneumatic, Mechanical and Others (Thermal and Pilot Operated). In addition, the Vehicle Type studied in the report are Passenger Car, Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV). Based on Geography, the automotive valves Market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Automotive Valves Market by Geography
Based on geography, the automotive valves market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. The APAC region accounted for the largest share of the market. China accounted for the largest share of the automotive valves market in the Asia Pacific region. Growing installation of upgraded technology features such as Anti-lock braking system (ABS) and automatic transmission are some of the factors propelling the growth of this market in APAC region.
Automotive Valves Market Key Players
Some of the major players operating in the global automotive valves market includes CG Power, Fuji Electric, Larsen & Toubro, Efacec Power Solutions, Hawker Siddeley Switchgear, Tavrida Electric, Siemens, Eaton, Schneider Electric, Mitsubishi, Toshiba, Powell, TE Connectivity and ABB. Many companies in this market implement initiatives such as mergers and acquisitions, product developments, and geographic penetration to compete in the market.
Automotive Valves Market Report Key Benefits