The global automobile engine valve market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022-2028). Engine valves are defined as key mechanical components that are used within internal combustion engines so as to allow or restrict the flow of fluid or gas to and from the combustion chambers or cylinders during engine operation. The market growth is majorly attributable to the introduction of new technologies that aim to lighten the weight of the overall vehicle. This is further due to the growing concerns in the automobile sector to lower the vehicle emissions.
Original Equipment Manufacturers (OEMs) are working to produce technologically innovative and lightweight car components that will meet the new emission criteria. The valve is one of these components which is used to regulate, direct, or control the flow of a fluid such as gases, liquids, fluidized solids, or slurries by opening, closing, or obstructing the flow. Automotive valves have a direct impact on the performance and responsiveness of several vehicle systems. The global automobile engine valve market has also witnessed an advancement from mechanical valves to advanced electro-mechanically controlled valve points.
Some key players operating in the market include Eaton Corp., Mahle Group, and Continental AG, among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, new product launches, and collaborations. For instance, in July 2021, Eaton Corp. announced that the company supplies hollow valves for the engine families that Stellantis builds in Brazil. The valves are specifically designed for Fiat T3 and T4 engine families.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Eaton Corp., Mahle Group, and Continental AG, among others.
A full report is available at: https://orionmarketreports.com/global-automobile-engine-valve-market/103911/
Global Automobile Engine Valve Market Report by Segment
By Type
- Gasoline Engine Valves
- Diesel Engine Valves
By Application
- Passenger Vehicles
- Commercial Vehicles
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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