Automotive Valve Market Scenario
The global Automotive Valves Market was valued at USD 24.3 billion in 2022 and is expected to reach USD 29.9 billion by 2032 and grow at CAGR of 2.1% during the forecast period of 2023–2032.
Automotive Valves are electromechanical devices that allow or stop the flow of gas, liquid, or loose dry materials in the vehicle. The performance of the vehicles and responsiveness depend upon the valves installed. Automotive manufacturers are developing advanced technology based automotive valves, which vary according to the requirement in the vehicles. Various types of automotive valves include solenoid, EGR valves, brake combination valves, engine valves, and others. Engine valves are most widely used in vehicles because of their ability to provide high performance and improved fuel efficiency.
The factors that are responsible for the growth of automotive valve market are innovation in technology, growth in automotive industry, and the development of lightweight components. The automotive manufacturers are developing lightweight components to reduce the overall weight of the vehicles, which will improve their efficiency and performance. Manufacturers are, thus extending their product line by developing highly efficient products, such as advanced electric, mechanically controlled valves. There has been an increase in the production of passenger and commercial vehicles in emerging countries, which will increase the demand for automotive valves in the vehicles. The growing demand of automotive valves will result in the growth of the market during the forecast period.
The global automotive valve market is segmented based on product, function, application, and vehicle type. On the basis of product, the market is segmented as solenoid, EGR valve, brake combination valve, engine valve, and others. Solenoid segment is expected to dominate the market during the forecast period because it is safe to use and lightweight. On the basis of function, the market is segmented as hydraulic, pneumatic, and electric. electric segment is expected to dominate the market due to the improved efficiency involved in the use of this valve. On the basis of application, the market is segmented as Engine, Brake, and HVAC. engine segment is expected to dominate the market because they is most widely used in an engine to allow or stop the flow of fluid.
Key Players
The key players in automotive valve market are
- Continental AG (Germany),
- BorgWarner (U.S.),
- Denso Corporation(Japan),
- Delphi Automotive (U.K.),
- Cummins Inc.,
- Valeo S.A. (France),
- Robert Bosch GmbH (Germany).
- Aisin Seiki Co., Ltd. (Japan),
- Federal-Mogul (U.S.),
- Johnson Electric Group (Hong Kong),
- Automotive Valves Pvt. Ltd. (India),
- SSV Valves (India),
- AVR Valves Pvt. Ltd. (India),
- Nextech Engineering (India),
- SMB Engine Valves (India)
- Others
Automotive Valve Market, By Segmentation
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market during the forecast period due to increase in passenger and commercial vehicles. In Asia-Pacific region, China is expected to dominate the market because automotive OEM’s are setting up their manufacturing hub in China. This will result in increased production of vehicles and will increase the demand of valves. North America is expected to be the second largest market due to increase in demand of the new vehicles, which will enable the growth of the auto components suppliers. The increased investment by the auto manufacturers will result in higher innovation, which will improve the demand for automotive valves in North America.
The report for Global Automotive Valve Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Automotive Valve Industry Developments
February 2024: In one of the major restructurings in its history, leading auto parts house Rane Group has decided to merge two of its listed companies – Rane Brake Lining and Rane Engine Valve — with its other listed company, Rane (Madras).
The proposed reorganization will merge all operating business subsidiaries into one company and create a larger company with a combined turnover of ₹3,373 crore for the trailing 12-month period ended December 31, 2023 (January-December 2023) on a proforma basis.
The merger move has been decided to create a unified platform to drive future growth. At their respective meetings, the Board of Rane (Madras) Ltd (RML), Rane Brake Lining Ltd (RBL), and Rane Engine Valve Ltd (REVL) approved the proposed reorganization through a scheme of arrangement that entails merging RBL and REVL into RML.
The group said the merger significantly simplifies the group structure by consolidating listed operating companies and aligns public shareholders' interest by converging their stake at a single listed entity.
After the merger scheme becomes effective, RBL shareholders will receive 21 fully paid-up equity share(s) of RML for 20 fully paid-up equity share(s) of RBL held by them as of the record date. REVL shareholders will receive 9 fully paid-up equity share(s) of RML for 20 fully paid-up equity share(s) of REVL held by them as of the record date.
The group expects the merger scheme to simplify the group structure and capture the full value of its listed operating businesses. It will unlock synergies by leveraging stronger business connections across product lines and enhancing operational and financial efficiencies through scale.
In the merged entity, Rane Holdings, the holding company of the group, will have a 63.8 percent stake, and Nisshinbo will have 6.06 percent, while others will have the remaining 30.14 percent.
The merged entity, Rane (Madras) Ltd, will have four major product segments: steering and suspension (55 percent), friction materials (19 percent), valve train parts (16 percent), and light metal castings (8 percent).
Report Attribute/Metric |
Details |
Market Size |
2032: USD 29.9 billion |
CAGR |
2032: 2.1% CAGR |
Base Year |
2022 |
Forecast Period |
2023 to 2032 |
Historical Data |
2019 & 2020 |
Forecast Units |
Value (USD Million) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Product, Function, Application and Vehicle Type |
Geographies Covered |
North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors |
Continental AG (Germany), BorgWarner (U.S.), Denso Corporation (Japan), and Delphi Automotive (U.K.), Cummins Inc., Valeo S.A. (France), and Robert Bosch GmbH (Germany). Aisin Seiki Co., Ltd. (Japan), Federal-Mogul (U.S.), Johnson Electric Group (Hong Kong), Automotive Valves Pvt. Ltd. (India), SSV Valves (India), AVR Valves Pvt. Ltd. (India), Nextech Engineering (India), and SMB Engine Valves (India) |
Key Market Opportunities |
Increase the demand for automotive valves in the vehicles |
Key Market Drivers |
· The innovation in technology, growth in automotive industry · The development of lightweight components |
Frequently Asked Questions (FAQ) :
BorgWarner (U.S.), Continental AG (Germany), and Delphi Automotive (U.K.), Cummins Inc., Valeo S.A. (France), Denso Corporation (Japan) are the key competitors grossing well in the market.
North America, Asia Pacific, Europe are the regions on the top list of market revenue.
Asia Pacific region is going to lead the market in the forecast period.
The product, function, application, and vehicle type are the segments involved in the market study.
The innovation in technology, growth in automotive industry, and the development of lightweight components are the key drivers of the market.