Automotive Valves Market Size

Automotive Valves Market size was valued at USD 22.7 billion in 2023 and is estimated to register a CAGR of over 3% between 2024 and 2032, due to stringent emission regulations worldwide. To reduce environmental pollution, governments and policymakers are implementing stricter emission standards. For instance, the Corporate Average Fuel Economy (CAFE) Standards in the US mandate automotive manufacturers to attain a specific average fuel economy across their fleet of sold vehicles. The norms aim to downsize fuel consumption and greenhouse gas emissions by promoting the production of more fuel-efficient vehicles.

These regulations prompt automotive manufacturers to adopt advanced engine components, including high-quality valves, to comply with emission norms. This, in turn, boosts the market for automotive valves designed to optimize combustion and reduce emissions.

However, the growing popularity and adoption of electric vehicles pose a challenge to the traditional automotive valves indsutry. EVs typically have simpler powertrain systems and do not require the same types or numbers of valves as internal combustion engines (ICEs). As the market share of EVs increases, the demand for conventional automotive valves used in ICEs could decrease, thereby restraining the overall market for automotive valves.

Automotive Valves Market Trends

As the automotive industry moves toward greater electrification, there is a trend towards developing electrically actuated valve systems. For instance, in April 2024, Emerson launched the new ASCOTM Series 148/149 motorized actuator and safety valve tailored for safety shutoff and industrial fuel oil burner recirculation applications. This innovative solution offers industrial users a reliable and versatile tool to prevent overpressure, leaks, and system malfunctions, thus mitigating potent al health and safety incidents. Designed to suit a wide range of combustion system applications, it ensures enhanced protection and performance.

These systems, such as electric variable valve timing (VVT) and electric valve actuators, provide more precise control over valve operation than traditional mechanical or hydraulic systems. This enhances engine performance, improves fuel efficiency, and reduces emissions. Hybrid vehicles, which combine internal combustion engines with electric powertrains, also benefit from these advanced valve technologies, making them more efficient and responsive.

Automotive Valves Market Analysis

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Based on technology, the market is divided into hydraulic valves, pneumatic valves, electric valves and others. The hydraulic valves segment dominates the market in 2023 and is projected to exceed USD 12 billion by 2032. Hydraulic automotive valves are in high demand in engine control, especially variable valve timing (VVT) systems due to their high accuracy and efficiency. These valves optimize engine valve timing and delivery, reduce fuel consumption, improve performance, and minimize emissions.

Furthermore, an increased emphasis on meeting stringent emissions regulations and improving overall vehicle performance is driving the adoption of hydraulic valve systems. Besides, their reliability and ability to withstand high pressure and temperature conditions further contribute to their high demand in the automotive industry.

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Based on application, the automotive valves market is categorized into ICE and EV. The ICE segment held a major market share of around 73% in 2023, driven by technological advances in engine design, such as variable valve timing and lift systems, which improve fuel efficiency and performance, in addition to tighter regulations of emissions requiring more sophisticated valve designs to reduce pollution. Continued improvements in vehicle manufacturing, especially in emerging markets, are also increasing the need for reliable and efficient valve parts, improving engine performance and comply with environmental standards.

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Asia Pacific dominated the global automotive valves market with a share of over 35% in 2023. Increasing urbanization and increasing disposable income drive the demand for automobiles, thus increasing the demand for automotive valve applications. In addition, stringent emissions regulations require the adoption of advanced exhaust technologies to improve engine performance and reduce emissions. Furthermore, strong regional manufacturing and technological advancements support innovation and production of high-quality automotive valves, driving the market growth in APAC.

European countries such as Germany, Spain, Italy, and the UK support the automotive valves industry through robust automotive industries, strong R&D investments, and stringent emission regulations driving advanced valve technologies. Government incentives for innovation and sustainability further boost the market, promoting high-quality and efficient valve solutions.

The U.S. supports the automotive valves market through advancements in manufacturing technologies, research and development funding, and favorable trade policies. Initiatives promoting innovation and environmental compliance, along with a robust automotive industry and demand for high-performance vehicles, drive market growth and competitiveness in the global arena.

Automotive Valves Market Share

Bosch and Continental hold a significant market share of over 21% in the automotive valves industry. Players in the automotive valve market focus on comprehensive research and development programs to innovate and develop advanced valve technologies that meet growing industry requirements, such as advanced efficiency and reduced emissions. Strategic dialogue and collaboration with vehicle manufacturers and suppliers help optimize production and ensure timely delivery of quality valves.

Moreover, market players are prioritizing geographic expansion, venturing into emerging markets, and establishing robust distribution networks to cater to customer needs. Additionally, investments in marketing and branding initiatives increase brand visibility, fostering customer loyalty and trust. Moreover, mergers and acquisitions enable companies to diversify and strengthen their market presence, leading to sustainable growth in the automotive valves industry.

Automotive Valves Market Companies

Major companies operating in the automotive valves industry are:

• Aisin Seiki
• Borgwarner
• Bosch
• Continental
• Denso
• Hitachi
• Magna International
• Mahle
• Tenneco
• Wabco
  

Automotive Valves Industry News

• In September 2023, Denso announced plans to invest €63 billion in research and development over the next decade aimed at reducing carbon emissions and traffic accidents so that no one dies in transit and public holding. At the same time, the company aims to boost its capabilities in automotive semiconductor manufacturing and thermal management systems and increase its expertise in these areas.
  

The automotive valves market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) from 2021 to 2032, for the following segments:

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Market, By Valve Type

• Engine valves
• Fuel Injection Valves
• Emission Control Valves
• Braking System Valves
• Cooling System Valves
• Transmission System Valves
• Battery Valve
• Solenoid Valve

Market, By Vehicle Type

• Two-wheelers
• Passenger cars
• Commercial vehicles

Market, By Application

• ICE
  • Engine valves
  • Fuel Injection Valves
  • Emission Control Valves
  • Braking System Valves
  • Cooling System Valves
  • Transmission System Valves
  • Battery Valve
  • Solenoid Valve
• EV
  • Engine valves
  • Fuel Injection Valves
  • Emission Control Valves
  • Braking System Valves
  • Cooling System Valves
  • Transmission System Valves
  • Battery Valve
  • Solenoid Valve

Market, By Technology

• Hydraulic Valves
• Pneumatic Valves
• Electric Valves
• Others

Market, By Sales Channel

• OEM
• Aftermarket

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • UAE
  • South Africa
  • Saudi Arabia
  • Rest of MEA