Global Engine Valves Market Size, Share, Growth Analysis, By Engine Valves Type(Monometallic, Bimetallic), By Vehicle Type(Passenger Cars, Commercial Vehicles), By Function Type(Pneumatic, Hydraulic), By Sales Channel(OEM, Aftermarket) - Industry Forecast 2024-2031

Report ID: SQMIG25A2059 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 115 | Figures: 79

Global Engine Valves Market Insights

Global Engine Valves Market size was valued at USD 6.2 billion in 2022 and is poised to grow from USD 6.34 billion in 2023 to USD 7.62 billion by 2031, growing at a CAGR of 2.3% in the forecast period (2024-2031).

A valve, a vital component of a car's combustion engine, controls the flow of fuel and exhaust gases into each cylinder. Engine valves are crucial to the efficient operation of an automobile's engine because they control the flow of fuel and exhaust gases into and out of the cylinder. The timing of an engine valve determines the ideal air-to-fuel ratio for a certain vehicle. By doing so, emissions are reduced and the engine is helped to run as efficiently as possible. Vehicle production is increasing globally, which is ultimately increasing the demand for engine valves. The market for engine valves is expanding as a result of regulations controlling carbon emissions and consumer demand for high-performance engines. Also, due to manufacturers' demand for energy-saving technology, such as engine downsizing, the market is expected to develop throughout the anticipated period. Moreover, the global market is being also driven by expanding automotive output and rising disposable income in developed nations, which is causing a rise in demand for vehicles with high power engines.

US Engine Valves Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Engine Valves Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Engine Valves Market size was valued at USD 5.89 billion in 2021 and is poised to grow from USD 6.2 billion in 2022 to USD 7.01 billion by 2030, growing at a CAGR of 2.3% in the forecast period (2023-2030).

Mahle Group, Knorr-Bremse AG, Hitachi Ltd., Federal-Mogul Holdings Corp., and Eaton Corporation Plc dominate the global engine valves market. FTE automotive GmbH, Denso Corporation, FUJI OOZX Inc., and Delphi Automotive PLC, are some of the other major players engaged in the market. In order to meet the anticipated high demand for valves from both new electric vehicles and vehicles with conventional internal combustion engines, many businesses have chosen the merger and acquisition strategy. For instance, Eaton Corporation expanded its European business segments in April 2022 to include e-mobility and vehicle groups. In Karlsruhe, Germany, the company opened a new office and research facility. The existing engineering and manufacturing facilities in Montrottier, France, and Tczew, Poland, will be enhanced by this expansion. 'Eaton Corporation plc', 'Federal-Mogul LLC', 'Mahle GmbH', 'Hitachi Automotive Systems Americas Inc.', 'BorgWarner Inc.', 'Aisin Seiki Co. Ltd.', 'Denso Corporation', 'Valeo SA', 'Cummins Inc.', 'Knorr-Bremse AG', 'Schaeffler AG', 'Tenneco Inc.', 'Continental AG', 'KSPG AG', 'Woodward Inc.', 'FUJI OOZX Inc.', 'India Pistons Limited', 'Rane Engine Valve Limited', 'TRW Automotive Inc.', 'Ferrea Racing Components', 'In April 2022, Eaton Corporation increased its focus on vehicle groups and e-mobility in Europe. The company opened a brand-new office and research facility in Karlsruhe, Germany. The existing engineering and production facilities will be supported by the expansions in Montrottier, France, and Tczew, Poland.', 'In February 2022, By adding over 80 new part numbers to the product portfolio, Borgwarner introduced a new line of exhaust gas recirculation valves in February 2022. These brand-new EGR valves contribute to cleaner and more energy-efficient mobility by lowering emissions from the majority of engine types.'

Car valves are among the indispensable parts which are significant for vehicle working and have no substitute. For instance, the inlet and exhaust functions of a gasoline engine cylinder require approximately four valves. For various engine designs, the number, size, shape, and material of the valves can vary, but they are all necessary for the engine's smooth operation. A typical automobile has between 40 and 60 valves, which cannot be replaced. The production of automobiles is directly related to the expansion of valves. Demand for valves rises in response to an increase in production. For instance, according to “Organisation Internationale des Constructeurs d’Automobiles” (OICA), China produced around 19 994 081 passenger vehicles in 2020, and increased its production and produced 21 407 962 passenger vehicles in 2021. Similarly, India produced around 2 836 534 passenger vehicles in 2020, and increased its production and produced 3 631 095 passenger vehicles in 2021. Thus, as per the data published by OICA, for year 2020 to 2021, the production of passenger vehicles in china was increased by 7% where as in India it was increased by 28%. Thus, increase in production of vehicles is ultimately increasing the demand for valves. Also, Due to shifting demographics and an improving economy as a whole, the automobile markets in India and China are experiencing higher growth rates than those in other nations.

The growing popularity of SUVs along with increasing availability of low-cost, compact, and tiny SUVs is expected to boost the market growth.

When it comes to revenue of market throughout the anticipated timeframe, the Asia-Pacific region is anticipated to dominate the market. The market is expected to increase considerably due to the significant presence of automakers and suppliers in the region. Due to the rise in vehicle production, China has one of the largest automotive marketplaces. As a result, valves are in high demand all throughout the country. There is a substantial demand for valves nationwide as a result of the increase in sales of electric vehicles. India's small and medium-scale industries are growing quickly, which will likely lead to significant market expansion. The demand for valves is probably going to rise along with the demand for light commercial and large commercial vehicles nationwide.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Engine Valves Market Size, Share, Growth Analysis, By Engine Valves Type(Monometallic, Bimetallic), By Vehicle Type(Passenger Cars, Commercial Vehicles), By Function Type(Pneumatic, Hydraulic), By Sales Channel(OEM, Aftermarket) - Industry Forecast 2024-2031

Global Engine Valves Market Insights

Global Engine Valves Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Engine Valves Market?

Who are the key vendors in the Global Engine Valves Market?

What is the key driver of Global Engine Valves Market?

What is the key market trend for Global Engine Valves Market?

Which region accounted for the largest share in Global Engine Valves Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300