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Market Leader - Automotive Valves Market

Increased demand for convenience and stringent emission norms have given rise to the demand for automotive transmission control and thermostat valves. A leading trend in this market is to manufacture advanced technology valves such as solenoid to diversify the products and features offered in this space. The automotive valves market is estimated to witness high growth in developing countries such as Mexico, India, Brazil, and Russia. The market growth in these countries can be attributed to a significant increase in the production of passenger cars.

The global automotive valves market is projected to grow at a CAGR of 4.1% from 2017 to 2022. Asia-Pacific and the Rest of the World (the Middle East and South America) regions are expected to witness a higher demand for automotive valves. This is due to increasing penetration of automatic transmission in vehicles and increasing penetration of HVAC system in commercial and electric vehicles in emerging markets such as China, Japan, India, and Russia. Asia-Pacific is expected to account for the largest market share of the automotive valves market, followed by North America, Europe, and the Rest of the World. China is estimated to have the maximum share in the automotive valves market of Asia-Pacific.

The automotive valves market is dominated by global players and a few regional players. Some of the key players are Hitachi, Ltd. (Japan), Continental AG (Germany), Delphi Automotive (U.K.), and Robert Bosch (Germany). Continental AG is one of the leading manufacturers of automotive components and has developed EGR valve systems that include smart technology to reduce the emission of the vehicle. Other players such as Valeo and Delphi have also launched new products. For instance, Valeo Ltd. has developed a new EGR valve, which would adhere to the new emission norms. Likewise, Delphi has also launched two new products in their Smart EGR valve system.

Eaton Corporation Ltd., headquartered in Ireland, is a leading automotive manufacturing company. It was originally founded in 1911. The company’s business operations are divided into various groups such as aerospace, electrical, filtration, hydraulics, industrial clutches & brakes, plastic extrusion, and vehicle. The automotive valves are offered in the vehicle segment. Anticipating the commercial potential of EGR system in the automotive industry, the company is focusing on developing new products for automotive valves, especially in EGR System. In 2012, the company launched its new product in EGR systems.

Another major market player is Continental AG, which is one of the largest suppliers of automotive components and tires around the world. The company is trying to expand its global footprint with new product development, joint ventures, and acquisitions. In 2014, Continental launched two new products in valve system, which will help to cater to the global market with stringent emission norms.

Other players in the automotive valves market are focusing on expanding their product offering to achieve continuous and sustainable customer base. This is evident from several collaborations and joint ventures these companies have undertaken in recent years.

Related Reports:

Automotive Valves Market by Product (Solenoid, EGR Valve, Brake Combination Valve, AT Control Valve, Engine Valve), Vehicle (PC, LCV, HCV, EV), Application (Engine, Brake, HVAC), Function (Hydraulic, Pneumatic, Electric), and Region - Global Forecast to 2022

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