Global Automotive Valves Market: Increased Capacity of Production and Strict Emission Legislations to Drive Market Growth

Some of the key companies in the global automotive valves market include names such as Denso Corporation, Continental AG, Hitachi Ltd., Delphi Automotive, MAHLE GmbH, and FTE Automotive among others. Key companies in the market are now indulging into the activities such as partnerships, joint ventures, mergers, and takeovers to enhance their market presence. Recently, tech giant BlackBerry partnered with auto suppliers Delphi Automotive to develop a software for self-driving cars. 

The global automotive valves market stood at an overall valuation of US$27.0 bn in the year 2017. This valuation is expected to rise to a figure worth US$34.2 bn over the given forecast period of 2017 to 2022. This growth is expected to be achieved at a CAGR of 4.9% over the same period. 

What Drives Global Automotive Valves Market?

The global market for automotive valves is expected to witness an increase in its growth rate on account of growing production of vehicles, emission legislations, and the increase in demand for fuel efficient components and overall light weight vehicles. The automotive segment is focusing on curtailing the levels of emission from automobiles and this will thus augment the overall market. The market could witness a sturdy growth in the coming years due to the preference of original equipment manufacturers (OEMs) to produce high end and light weight automotive parts such as valves. The performance and responsiveness of variety of systems of a vehicle hold a strong connection with automotive valves.

The need for electric vehicles could be spurred by imposing the initiatives backed by local governments to support the manufacturing of green vehicles. As a result, this could be advantageous situations for manufacturers of actuators, valves, and others automotive parts. Supporting valves are predicted to gain heavy traction in the global market due to the increasing installation of newer technology features such as automatic transmission, start-stop systems, and anti-lock braking systems (ABS). 

The global market for automotive valves is expected to witness a surging demand driven by the underlining importance of valves and their performance. Vehicles equipped with advanced and ecofriendly engines are gaining increasing popularity and are thus expected to drive the overall development of the market. Owing to the preference of the customers towards electric automobiles, the solenoid valves is anticipated to experience a huge surge in their demand in the global market. In addition to this, upcoming technologies, introduction of smart vehicles that run of electricity, and increase capacity of production are also expected to drive the growth of the global automotive valves market. 

How will Asia Pacific except Japan Region Fare in Global Market?

In terms of geographical segmentation, the global automotive valves market can be segmented into key regions such as Middle East and Africa (MEA), Asia Pacific except Japan (APEJ), North America, Europe, and Latin America. Japan can be deemed as another segment of global automotive valves market altogether but has a moderate growth rate when compared to larger regional segments such as North America and APEJ.

The market for automotive valves in Asia Pacific except Japan region is projected to account for a strong revenue increment over the course of the given forecast period of 2017 to 2022. It is estimated that by the end of the period of forecast, the valuation of the regional APEJ market for automotive valves could rise up to US$12.6 bn with an impressive CAGR. Growing at a slightly higher growth rate shown by the APEJ region, the North America market is expected to account for more than half of the market revenue of the global market by the end of the forecast period. 


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