Automotive Engine Valves Market

Posted by Abhijeet Bendre on September 16th, 2019

Market Research Future Published Research Report on Global Automotive Engine Valves Market Research Report.

Market Highlights:

The Automotive Engine valve is used to control the flow of fuel mixtures in the cylinder chamber. The engine valve train system is mounted on engine cylinder to control the engine dynamics such as valve timing and firing order. In the current technology-driven automotive industry, the engine valve is manufactured in various shapes and size to improve the overall efficiency of engine technology. Various components used in engine valve train system, are valve spring, valve sear, spring retainer, rocker arm, push rod and cam. Heat resistant materials are most widely used due to the ability to withstand burnt gas temperature when the vehicle travels on rough terrain roads. The factors that are responsible for the growth of automotive engine valve market during the forecast period are growing automotive industry with energy-efficient technologies, increase in demand for automotive components and changing regulatory norms by the government. Original equipment manufacturers (OEM) and Tier 1 suppliers are developing new technologies and light vehicle components, which can uphold the new regulatory compliance on emission technology. The market of automotive engine valve is expected to grow at 4% CAGR during the forecast period.

Based on region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there is an increase in the production of commercial vehicles in countries such as India, China, and Japan. As market growth is shifted to developing countries, cost-effective technological solution will drive the market. In the newer vehicles, the manufacturers tend to demand the energy efficient technology in the vehicle. This growing demand for the energy efficient technology in the newer vehicle will result in the high demand for engine valve in the vehicles. Manufacturers are trying to focus on the commercial vehicle market to capture the major part of revenue. The growing demand for commercial vehicles with installed latest technology will result in the growth of engine valve in the vehicles. This will drive the Asia Pacific market. In North America, there is shortage of automotive component suppliers due to an increase in the cost of resources such as raw materials. It will give rise to slower inventory performance and limited flexibility of supply chain. The suppliers are facing different challenges in terms of operating performance. A demand for alternate powertrain solutions, raw material cost volatility, long-term value creation, stringent emission norms, and the need to improve fuel economy ratio are some of them. The suppliers will play a significant role in attaining cost-effective technological solution for auto component to accommodate the new technology. However, the potential investment by automotive component manufacturers is shifted toward the developing countries such as India, China and Brazil.

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