The increased demand for automotive valves such as automotive transmission control, A/C valve and thermostat valves is owing to increase in demand for comfort in vehicle and further stringent emission standards. Additionally. Increased automation in vehicle has pushed the market for solenoid valves. 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 2.3% from 2022 to 2027. 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.
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The automotive valves market is dominated by global players and a few regional players. Some of the key players are Continental AG (Germany), Delphi Automotive (U.K.), and Robert Bosch (Germany). Continental AG (Germany), Denso Corporation (Japan), BorgWarner (US).
Continental AG operates its business through five major divisions: tires, vehicle networking and information, autonomous mobility & safety, powertrain technologies, and ContiTech. It has an extensive portfolio of automotive products and solutions ranging from chassis & safety systems and powertrain design to connectivity services & telematics. The Powertrain Technologies business unit was named Vitesco Technologies in October 2019. Vitesco Technologies, latter got spun off and Contract Manufacturing was created. The company offers electronic throttle valve, EGR valve, VVT solenoid valve etc. As of 31 December 2021, the company had 190,875 employees at 561 locations in 58 countries. Additionally, in FY ended 31 Dec 2021, the company registered a total sales turnover of USD 36,251 million.
DENSO Corporation is one of the reputed manufacturers and suppliers of automotive components and advanced automotive technologies, systems, and products. It caters to four major industries, namely, mobility, agriculture, industry, and home. The company conducts its business through six core business domains: thermal systems, powertrain systems, electrification systems, mobility systems, sensors & semiconductors, and others The company is currently focusing on three key trends, namely, electrification, advanced safety, and automated driving, and connected cars. It also offers diverse conventional products for the automotive industry. The company offers solenoids under various categories, such as powertrain, climate control, body electronics, driving control and safety, and information and communication. Products such as alternators and starters, automatic transmission (AT) PWM solenoid, and AT control valve are examples of solenoid-related products offered by Denso Corporation. Additionally, company offers EGR Valve, Oil Flow Control Valve, Expansion Valve, Common Rail SCV, Variable Induction Control Valve etc. . The company has about 215 subsidiaries and affiliates in 36 countries, such as the US, Mexico, Brazil, the Netherlands, Czech Republic, the UK, Italy, Thailand, Indonesia, South Korea, India, and China.
Robert Bosch is one of the largest automotive suppliers in the world. The company operates through four business segments: mobility solutions (formerly known as automotive technology), industrial technology, consumer goods, and energy and building technology. The company provides coolant switch valve, canister purge valve, electronic throttle valve, solenoid valve, coolant proportional valve, refrigerant switch valve and others. Additionally, the company provides starter solenoids through its starter motors and generators division in the Mobility Solutions sector. Pilot pressure regulators, proportional solenoid, solenoid valve injectors for common rail systems, and systems and components for automotive transmissions are some of the solenoid applications offered by the company for the automotive industry. The company has 460 subsidiaries and regional companies in over 60 countries. It also has sales and service partners in approximately150 countries and regions worldwide.As of 2020, the company had 440 subsidiaries and regional companies in more than 60 countries. Apart from this, it has set up its R&D centers in 129 locations worldwide.
BorgWarner Inc. is an America-based company that manufactures and sells automobile components under the Drivetrain and Engine segments. It has customers worldwide; however, Europe (35%) and the Americas (31%) contributed the most considerable proportion of its overall revenue from clients in 2020. BorgWarner Inc. has production plants and technical centers throughout North America, Europe, and Asia Pacific. It engages in acquisitions and agreements with various companies throughout the world. The company expanded its presence further by establishing a new production plant in China and recently set up new technical labs in the US. Its four major operating segments are E-Propulsion, and Drivetrain, Fuel Injection, Aftermarket, and Air Management. Solenoids are provided under the control systems division of the Drivetrain segment of the company. It offers electro-hydraulic solenoids for hydraulic systems and transmission solenoid modules for dual-clutch transmission applications. Additionally, the company offers exhaust gas recirculation valve under Aftermarket segment. In October 2020, BorgWarner Inc. acquired Delphi Technologies, one of the largest automotive suppliers in the world.
Automotive Valves Market by Propulsion and Component (ICE, EV), Vehicle Type (Passenger Cars, LCV, Trucks, and Buses), EV (BEV, PHEV, HEV), Application (Engine, HVAC, Brake), Function, Engine Valve Type and Region - Global Forecast to 2027
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