Germany Automotive Engine Valves Market to Benefit from Rising Need to Curb Carbon Emission
Automotive
Engine Valves Market Size was valued at USD 30.05 Billion in 2023. The
Automotive Engine Valves market industry is projected to grow from USD 31.25
Billion in 2024 to USD 41.13 Billion by 2032, exhibiting a compound annual
growth rate (CAGR) of 3.49% during the forecast period (2024–2032).
Growth Boosters and Main Barriers
Leading global automakers are continuously adopting the latest production
technologies and better quality materials to tackle the conventional impediments
of automotive engine valves. These efforts are proving to be beneficial for
these valves, securing their applications in future engines. Some of the most
noteworthy technologies in the market for variable valve timing include Timing
Variator, Vanos, VTEC and VVti, among others.
With the mounting concerns regarding the vehicle fuel efficiency along
with the surge in government backed pollution policies, manufacturers are making
use of automotive engine valves to enhance the fuel efficiency and also bring
down the carbon emission footprints. The automotive engine valve market growth
is also backed by the growing need to curb vehicular carbon emissions and
better fuel efficiency. Also, more and more companies are adopting engine
downsizing, which has led to massive investments in R&D of the latest variable
valve timing techniques to boost the engine’s performance.
On a dim note, the COVID-19 outbreak has had a detrimental effect
on the automotive industry worldwide, which has led to assembly plants lockdown
in the United States, manufacturing interruptions in Europe as well as disruption
in Chinese components exports. With the vigorous pressure on the industry, the
coming years can note a downshift in the demand among end-users. To deal with
the situation, automotive engine valves market players are embracing merger
& acquisition activities as the top strategy to compensate for the revenue
loss incurred in recent times.
Market Segmentation
The market for automotive engine valves can be considered for two
key segments, namely technology and fuel types.
The technologies that have been studied by experts include Spring
Return Valves, Tappet Valves, Quattrovalvole Valves and Desmodromic Valves.
Tappet valves control the majority of the global market, given their extensive
use in engines. Moreover, these types of valves are able to bear extreme stress
and temperature, while opening and closing of the exhaust valves, which also
elevates their demand in the market.
The fuel types include gasoline engine as well as diesel engine.
The mounting demand for dependable power supply, high power generation
capacity, and the expansion of manufacturing industries are the top growth
boosters in the diesel engine market.
Regional Outlook
The regional study of the automotive engine industry covers APAC
or Asia Pacific, the Americas, Europe, and RoW and the Rest of the World.
Asia Pacific can take over the leading position in the global
market during the assessment period, with North America and Europe coming in
second and third, respectively. The APAC market’s superlative growth in the
global market is the result of the high production levels of diesel vehicles and
the robust demand for fuel-efficient vehicles. The prevalence of strict emission
norms imposed by the government prompt a huge number of renowned variable valve
timing systems manufacturers to make sizeable investments in the automotive
industry. Further, low cost labor and consistent government backing for industrialization
in India and China also induce major market growth within the region.
In North America, the rampant demand for electric cars and a
favorable economy outlook have taken the automotive engine market to great
heights in recent years. The tremendous growth of the automotive industry in
the region has led to more demand for a variety of automotive components including
advanced electronics components and engine valves and powertrain components. The
rising installation of advanced technology features like automatic
transmission, start-stop systems and Anti-lock braking system (ABS) also add to
the demand for automotive engine valves.
Top Market Vendors
Several top
companies listed under Automotive Engine Valves market industry as follows;
The top market vendors identified by MRFR include Continental AG
(Germany), Federal-Mogul Holdings Corp (U.S.), Hitachi Ltd (Germany), Eaton
Corporation PLC (U.S.), Aptiv PLC (U.K.), FTE Automotive GmBH (Germany), Denso
Corporation (Japan), Knorr-Bremse AG (Germany), to name a few.
Industry Developments
April 2020
Vyrus recently launched a motorcycle called Alyen 988, which
consists of the Desmodromic valve layout. It is an automotive engine valve that
does not require springs and possesses a valve closing lobe.
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