LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global automotive valves market to grow at a CAGR of more than 5% during the period 2018-2022, according to their latest report.
Advanced camless technology is identified as one of the key trends expected to impact the market. In a camless engine, the valvetrain is compressed into small cylindrical units in compact packaging, which contains actuators controlled electronically as per the valve timing. The engine actuator valves technology reduces the number of moving components that take up a share of the energy, which is produced by the engine. It can produce 47% higher torque and 46% higher power with same size engine units and is cheaper, lighter, and simpler in designing and manufacturing.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the increasing penetration of advanced steel alloys for valves as a key factor contributing to the growth of the global automotive valves market:
Increasing penetration of advanced steel alloys for valves
The advancement of manufacturing technology has resulted in cost optimization, which drives the sales of advanced materials for engine valve. Performance optimization of the valve (because of the use of advanced materials) and increasing demand for high-performance vehicles indicate the increasing penetration of advanced steel alloys and nickel-based alloys in high-performance engines. However, their prices may not be the same as standard steel valves.
According to a senior analyst at Technavio for automotive components research, “The use of advanced steel alloy valves will increase the overall revenue of the global automotive valves market by affecting the average selling price of automotive valves. The optimized high-end feature implementation provides a competitive market advantage for the mass volume vehicle segment. Most OEMs provide optional performance enhancement packages for their standard mass-selling models to increase a vehicle's performance.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global automotive valves market segmentation
This market research report segments the global automotive valves market by application (passenger vehicles and commercial vehicles) and key regions (the Americas, APAC, and EMEA).
Based on application, the global automotive valves market is dominated by the passenger cars segment accounting for close to 66% of the total market in 2017. The domination of this segment can be attributed to the high-volume sales of this segment.
APAC leads the global automotive market in terms of vehicles sales, volume, and production. It dominated the automotive valves market with close to 51% share in 2017. Entry-level mass segment vehicles experience high demand in China, India, Vietnam, Brazil, and Thailand. Steel alloy is used for low-power three-cylinder engines of vehicles in most of these countries. In EMEA, Europe has a limited number of downsized three-cylinder engines as of now. The regulatory emission norms suggest engine downsizing and alternative fuel research in all major developed nations of the region, which would decrease the market share of EMEA.
Technavio’s best deals of the month!
Technavio supports Health for All campaign on this World Health Day with 20% savings on all reports in the Health and Wellness category for the entire month.
Celebrate International Astronomy Day by indulging in a whopping 30% savings on all reports in the Space category. Offer valid from 16th April for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.