New Automotive Engine Valves Market Research Highlights Recovery Path for Businesses from COVID-19 based on Types - Passenger Vehicle and Commercial Vehicle | Technavio

LONDON--(BUSINESS WIRE)--The new Automotive Engine Valves Market Research from Technavio indicates Negative and Inferior growth in the short term as the business impact of COVID-19 spreads.

"One of the primary growth drivers for this market is the advancement in camless technology,” says a senior analyst for Consumer Discretionary at Technavio. The cramshaft is involved in opening and closing movement and is one of the major components of the valve train system. The camshaft has mechanical supporting assemblies for the proper connection of valves and crank. The camless engine is preferred by customers as it contains actuators which are electronically controlled as per valve timing and gives smooth functioning. Camless technology is gaining traction due to several factors such as the high power, cost-efficiency, and the simple design and manufacturing process. As the markets recover Technavio expects the automotive engine valves market size to grow by 86.65 million units during the period 2020-2024.

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Automotive Engine Valves Segment Highlights for 2020

• The automotive engine valves market is expected to post a year-over-year growth rate of -2.48%.
• Passenger vehicle segment dominated the market in 2019.
• Consumers are opting for SUVs over other passenger vehicles owing to factors such as their multi-purpose applications, higher comfort, higher ground clearance, and greater in-vehicle space.
• The increasing demand for SUVs is expected to provide immense growth opportunities to engine valves vendors in this segment.

Regional Analysis

• 49% of the growth will originate from the APAC region.
• The presence of a large automotive production base will significantly drive the automotive engine valves market growth in this region over the forecast period.
• China, India, and Japan are the key markets for automotive engine valves in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.

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Notes:

• The automotive engine valves market size is expected to accelerate at a CAGR of over 1% during the forecast period.
• The automotive engine valves market is segmented by type (passenger vehicle and commercial vehicle), material (steel, titanium, and others), and geography (APAC, Europe, MEA, North America, and South America).
• The market is fragmented due to the presence of many established vendors holding significant market share.
• The research report offers information on several market vendors, including Continental AG, Delphi Technologies Plc, DENSO Corp., Eagle Industry Co. Ltd., Eaton Corporation Plc, Hitachi Ltd., MAHLE GmbH, Robert Bosch GmbH, Tenneco Inc., and Valeo SA.

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Coverage

Regions Covered
Worldwide

Topics Covered
COVID-19, Automotive Engine Valves, Automotive Engine Valves, Passenger Vehicle and Commercial Vehicle