Global Automotive Engine Valve Market is expected to reach US $ 48.17 MN By Forecast year 2028

Global Automotive Engine Valve Market is expected to reach US $ 48.17 MN By Forecast year 2028
Automotive Engine Valve market Data And Industry Growth Analysis | Stratistics Market Research Consulting
Automotive Engine Valve Market size is expected to grow from US $ 29.99 MN in 2020 to US $ 48.17 MN by 2028, at a CAGR of 6.1%.

The market report “Automotive Engine Valve Market by Fuel Types (Diesel Engine and Gasoline Engine), Components (Cooling Fan, Cooling Fan Belt, Cooling Fan Control Module, Cooling Fan Module, Engine Cooling Module, Radiator, Radiator Hose, and Water Pump), Engine Types (L4 (Inline-Four Cylinder), L6 (Inline-Six Engine), V6 (Six-Cylinder Piston Engine), and V8 (Eight-Cylinder V Configuration Engine)), Vehicle Types (Passenger Vehicle, Commercial Vehicle, and Electric Vehicle), Material Types (Steel, Titanium, and Nickel Alloy), Products (Mono Metallic Valves, Bimetallic Valves, and Hollow Valves), Technologies (Desmodromic Valves, Quattrovalvole Valves, Spring Return Valves, and Tappet Valves), Applications (Two wheeler and Four wheeler), Sales Channels (Aftermarket and Original Equipment Manufacturers (OEMs)) and Region – Forecast to 2028”. The automotive engine valve market is growing at a CAGR of 6.1% by 2028, owing to the increase in the production of automobiles globally.

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Based on material type, the titanium segment is estimated to grow at highest CAGR segment during the study period.On the basis of material type, the market is categorised into steel, titanium, and nickel alloy. Titanium segment is estimated to be the fastest growing market segment owing to the factors such as favorable high-temperature mechanical properties, good corrosion resistance, and lightness.

Based on product, the hollow valves segment is anticipated to grow faster during the forecast period.On the basis of product, the market is segmented into mono metallic valves, bimetallic valves, and hollow valves. Hollow valves segment is estimated to be the fastest growing market segment as it is durable in high temperatures and increases engine efficiency.

By geography, Europe is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is experiencing a dominant position in the automotive engine valve market due to the presence of key market players in the region, and the presence of strict government regulations related to environment pollution in the region.

The key players in this market are Continental, Delphi Automotive, Eaton, Federal-Mogul Holdings, FTE automotive, Fuji Oozx, Hitachi, Knorr-Bremse, Mahle Group, ShengChi, Tongcheng, Tyen Machinery, Wode Valve, Xin Yue, and Yangzhou Guanghui.

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