The Thailand Automotive Engine Valves Market is growing due to the country’s expanding automotive sector. Engine valves, critical for performance and efficiency, are in demand as the Thailand market focuses on fuel-efficient, affordable vehicles. The market is also seeing innovations in materials and designs to meet fuel efficiency standards, with local manufacturers increasingly active in component production.
The automotive engine valves market is growing rapidly. The automobile industry has been witnessing significant developments in technologically advanced automotive engines. Engine valve is an essential part of the automotive engine system, and it is designed to control the flow of gasses in the engine. The market growth attributes to the increased demand for fuel-efficient vehicles and stringent regulations to minimize CO2 emissions.
Besides, the demand for fuel-efficient vehicles to reduce the carbon footprint and growing greenhouse gas emissions drive the growth of the market. Moreover, increasing developments of new methods and components escalate the growth of the market. According to Market Research Future (MRFR), the global automotive engine valves market is poised to grow at approximately 4% CAGR during the assessment period (2019 – 2025).
Fuel-efficient vehicles offer improved mileage at decreased fuel costs. Hence, automotive OEMs continuously develop new methods and components, which boost the market growth. Also, the global demand for valves materials is rising continually. The stringent emission norms encourage major automotive manufacturers to adopt the latest energy efficient technologies such as variable valve lift technology.
Additionally, the increasing demand for the automobile crankshaft system boosts the market value. On the other hand, fluctuating prices and the demand-supply gap in raw materials required for automotive engine valves production is a significant factor estimated to impede market growth. Nevertheless, the growing awareness about the environment and increase in demand for low noise vehicles would support market growth throughout the forecast period.
Global Automotive Engine Valves Market - Segmentations
The report is segmented into four dynamics;
By Technology: Spring Return Valves, Tappet Valves, Desmodromic Valves, Quattrovalvole Valves, and others.
By Fuel Type : Gasoline and Diesel.
By Vehicle Type: Passenger Cars and Commercial Vehicles.
By Regions : Asia Pacific, North America, Asia-Pacific, and the Rest-of-the-World.
Global Automotive Engine Valves Market - Geographical Analysis
The Asia Pacific region dominates the global automotive engine valves market. The market growth attributes to the increased demand for fuel-efficient systems in commercial vehicles. The valve assembly system plays a vital role in achieving optimized vehicle costs. Manufacturers operating in the regional market are trying to reduce the overall cost of commercial vehicles.
Besides, the increasing automotive production and the demand for technologically advanced vehicles drive the market's growth. Emerging countries such as India and China play a crucial role in manufacturing ramp-up of commercial vehicles. Moreover, the growing demand for advanced engine management systems fosters regional market growth. The APAC automotive engine valves market is projected to retain its dominance throughout the estimated period.
Asia-Pacific stands second in the global automotive engine valves market. The market growth is driven by the spurting growth in information and communication technology (ICT), automotive, and transportation industries. Asia-Pacific is the fastest-growing market for automotive engine valves, which further impacts the market sales positively.
Additionally, the presence of several well-established automakers and OEMs in the region influence the growth of the market. Furthermore, the augmenting demand for valves technologies and the spurting growth in the automotive industry in the region foster market sales. The Asia-Pacific an automotive engine valves market is expected to create a considerable revenue pocket during the assessment period.
The North American automotive engine valves market is gearing up gradually. Factors such as the growth in the automotive industry across the region and the flourishing OEM market propel the regional market growth brilliantly. Moreover, the augmenting demand for engine valves with superior mechanical and tensile strength and low thermal expansion boosts the regional market's growth.
Moreover, advances in carbon fiber-enabled engine valves systems and a steady rise in luxury car sales in the U.S. impact the market growth positively. The automotive engine valves market in North America is estimated to grow at a notable CAGR over the next six years.
Global Automotive Engine Valves Market – Competitive Landscape
Highly competitive, the automotive engine valves market appears fragmented with the presence of several well-established players. To gain a larger competitive share, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/technology launch. Valve manufacturers focus on commercial vehicles to improve overall market share. They make substantial R&D investments in developing a completely different technology compared to their competition.
Major Players:
Players leading the global automotive engine valves market include Aptiv PLC (U.K.), Continental AG (Germany), Federal-Mogul Holdings Corp (U.S.), Denso Corporation (Japan), Eaton Corporation PLC (U.S.), FTE Automotive GmBH (Germany), Knorr-Bremse AG (Germany), and Hitachi Ltd (Germany), among others.
Many companies in automotive engine valves market are focusing on advancements to stay ahead in the competition.
Industry/Innovation/Related News:
December 2023: Suzuki has introduced the next-generation Swift in Japan, revealing the specifications of its engines as well as the power outputs. In the Japan-spec Swift, the engine is a 1,197cc DOHC with 12 valves, producing 82 horsepower and 108 Nm of torque. It is paired to a continuously variable gearbox (CVT).
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