Skip to main content

Automotive Valves Market: Asia-Pacific Region to Emerge Lucrative

The global automotive valves market largely features a consolidated vendor landscape due to the presence of a few companies that hold leading market shares, notes Transparency Market Research. Some of the most prominent market players in the market are: Hitachi Ltd., Continental AG, Federal-Mogul, Denso Corporation, Delphi Automobile, FUJI OOZX Inc., and FTE Automotive, amongst several others.
As per the report published by TMR, the global automotive valves market is expected to gain a valuation of US$34.2 bn in 2022 through a CAGR of 4.9% between 2017 and 2022. This rise in the market presents a strong growth ever since the valuation was recorded at US$27.0 bn in 2017.
The automotive valves market on a global front is segmented as per four categories, viz. sales channel, vehicle, product, and function. With the product type on consideration, the automotive market could be segmented in tire valve, AT control valve, engine valve, exhaust gas recirculation valve, fuel system valve, and many others. Amongst all these valve types, the engine valve for both inlet and outlet based systems is slated to hold a leading position with respect to the market shares.
The international automotive valves market is segmented into regions such as North America, Europe, the Middle East and Africa, Asia Pacific except Japan (APEJ), and Latin America, from a geographical perspective. As per the report published by TMR analysts, Japan can be considered as a separate market segment, having considerably less growth in comparison with the other regions. Amongst all these regions, APEJ is predicted to retain a lead position regarding revenue collection during the forecast period in the global automotive valves market.
As the demand for automobiles continues to rise around the world, the scope for automotive valves market is improving at a much higher degree. Thus, the rising demand for automobiles is one of the most significant factors fuelling the global automotive valves market. Furthermore, the rising demand for low emission automobiles could augment the demand for specific automotive valves that serve these needs. Improved technology, continuous automobile innovations, and a rise in production of vehicles is another prime fueling factor for the market. New government rules are also prophesized to push the global automotive valves market. These regulations aim to safeguard the environment, by ensuring the production quality while maintaining permissible emission levels. In this way, the increasing demand for eco-friendly vehicles is definitely a prime reason that is responsible for pushing the automotive valves market.
The ever-increasing cost of technology and fluctuating prices of valve components are some of the major hindrances to the global automotive valves market.  These prices are in with respect to authentic valve parts from reputed brands, which cannot be afforded especially by local small-scale companies. Another reason that can significantly hamper the global automotive valves market deals with the rising number of electric vehicles. These vehicles need less number of valves installed in their systems as compared to conventional fuel powered vehicles. Thus, the growth of the electric vehicle industry can be a substantial factor for declining sale of automotive valves. However, the scenario is soon expected to change as improvement in technology leading to the manufacture of innovative valves will boost their applications.
Related Posts –




Visit Our News Blog - https://factsntrends.com

Comments

Post a Comment

Popular posts from this blog

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...
Post a Comment
Read more

Data Center Fabric Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Fabric-based architecture supports the data center by eradicating the necessity of switch-to-switch interactions, multiple layers of devices and also the shared network protocols. It condenses the complication of a data center network and improves its efficiency. In a data center, fabric embodies interconnection of several servers, storage, and other ports for networking in an ultra-low latency set-up, which provides any-to-any connectivity, making each device only single hop away from every other device. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2227 Data center fabric market is driven by emerging technologies such as data center virtualization, cloud computing and big data analytics. Vendors in this market face challenges such as security issues and scalability in transparent bridging. One of the major opportunities in the market are for providing advanced data center fabric solutions that are more s...
Post a Comment
Read more

Mobile Security Software Market is Projected to be Fueled by Rapid Technological Advancements

Major drivers of the mobile security market are antivirus, e-mail spam blocking, and malware removal. Technological development in mobile security software and substantial research in this industry are contributing to the growth of this market. Today mobile phones are used as multipurpose devices, their exposure to various online and offline threats have increased significantly thus the need of MSS is rising day by day. This market is expected to witness tremendous growth in the coming years with the increasing number of mobile users and increasing awareness for mobile security. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=304 General lack of awareness about mobile vulnerability and increase in mobile malware is driving the emerging yet dynamic market of mobile security products. This market is mainly driven by business concerns for protecting corporate assets and information, and being vulnerable to various...
Post a Comment
Read more