In 2021, the Automotive Engine Valve Market was worth $5.89 billion USD. The valuation has grown to US$ 6.2 billion as of 2022. During the forecast period, the car engine valve market is anticipated to expand at a CAGR of 2.3%. By 2032, the industry is anticipated to be worth US$ 7.78 billion.
The steady demand for automotive engine valves will be factored by their essentiality in proper functioning of automobile engines, and their influence in enhancing the vehicle’s performance under diverse conditions.
Future demands for automotive engine valves will be firmly driven by trends such as reduction in exhaust emissions and oil consumption, declining sulphur content in diesel fuel, and phasing out of leaded petrol. Such factors may create implications in production and design of automotive engine valves. Leading automakers will also seek newer materials for manufacturing engine valves with higher durability and greater sustenance to heat. With increasing adoption of alternative fuels, future requirements of automotive engine performance will change the dynamics of valve manufacturing.
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Although, hollow valves will register a below-average demand over the next five years
While the overall sales of automotive engine valves will be incurring a steady demand through 2022, the demand for hollow valves is likely to dwindle. Compared to bimetallic and monometallic valves, hollow valves will be garnering low uptake owing to their conventional drawbacks. Tests show that performance of engines equipped with hollow valves gets lowered when hollow valve stems absorb more heat than threshold. The tendency of hollow valves to overheat and burn in the absence of adequate cooling continues to factor their declining demand. Over the forecast period, hollow valves are anticipated to reflect a subpar CAGR of 4.7%, indicating a moderate growth in demand.
In 2017, Europe is poised to procure nearly one-fourth share of global revenues. The report also projects that the Asia-Pacific excluding Japan (APEJ) region will be the largest market for automotive engine valves. By the end of 2022, the APEJ automotive engine valve market is anticipated to reach a value of US$ 2.2 billion. North America’s automotive engine valve market is also expected to soar at a steady CAGR, while sales of automotive engine valves in Japan will reflect a moderate growth.
Changing landscapes of automobile engineering will continue to foment considerable alterations in the manufacturing of automotive engine valves. New designs will be reviewed and tested, while conventional valves will be upgraded for boosting their performance abilities. The report observes that companies namely, Knorr-Bremse AG, FTE automotive GmbH, Hitachi Ltd., FUJI OOZX Inc., Mahle Group, Eaton Corporation Plc., Federal-Mogul Holdings Corp., Denso Corporation, Continental AG, and Delphi Automotive PLC will remain active in expansion of the global automotive engine valve market through 2022. These companies are anticipated to capture new materials and innovative production techniques to insure the valves from their existing defects.
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Key Segments in the Automotive Engine Valve Market
By Product Type:
- Mono Metallic Valves
- Bimetallic Valves
- Hollow Valves
By Vehicle Type:
- Compact Passenger Cars
- Mid-Sized Passenger Cars
- Premium Passenger Cars
By Material Type:
- Steel
- Titanium
- Nickel Alloy
By Sales Channel:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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