Engine Valve Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Engine Valve Market was valued at USD 6.3 million in 2023 and is anticipated to register a CAGR of over 2.8% between 2024 and 2032. The industry has seen robust growth recently, largely fueled by stringent emission regulations. These regulations, aimed at curbing emissions and enhancing fuel efficiency, have spurred a heightened demand for advanced, high-performance valves. Industry leaders, including Federal-Mogul and Eaton, are at the forefront, unveiling innovations like low-friction valve technologies and lightweight materials. These advancements not only elevate engine performance but also ensure compliance with evolving regulatory standards, driving both innovation and production rates.

Moreover, the rising prominence of electric and hybrid vehicles is catalyzing advancements in valve technology. Such vehicles necessitate specialized valves for functions like cooling and lubrication. As a result, the industry is rolling out a fresh wave of designs and materials, tailored to the unique demands of these modern vehicles.

The overall engine valve industry is categorized based on valve type, purpose, material, technology, engine type, application, distribution channel, and region.

Segmenting the market by valve type reveals a clear leader, the hollow valve. Dominating the scene in 2023 with a revenue of USD 2.9 million, projections see this figure climbing to USD 3.6 million by 2032. The hollow valve's appeal lies in its lightweight nature, a trait that not only trims down the engine's overall weight but also amplifies fuel efficiency and performance.

When examining engine types, the internal combustion engines (ICE) segment held a commanding 73% market share in 2023, with expectations of a 2.6% CAGR through 2032. The ICE's stronghold can be attributed to a vast and mature global infrastructure, encompassing fuel stations, repair services, and manufacturing facilities. This extensive network guarantees convenience and reliability for ICE vehicle owners. Highlighting the infrastructure's reach, the U.S. Department of Energy notes a staggering 150,000 fueling stations nationwide, underscoring the accessibility for vehicle owners.

Asia Pacific engine valve market, valued at USD 2.19 million in 2023, is on track to reach USD 3.09 million by 2032. The region's dominance is fueled by an automotive surge in nations like China, India, Japan, and South Korea, driven by rising demands for both passenger and commercial vehicles. Notably, the China Association of Automobile Manufacturers (CAAM) reported a 5% uptick in vehicle production, with China rolling out over 26 million vehicles in 2023.

Product Code: 10561

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Market 360° synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Product type trends
2.5 End Use trends
2.6 Distribution channel trends

Chapter 3 Market Insights

3.1 Industry ecosystem analysis
3.2 Raw material analysis
3.3 Key news and initiatives
- 3.3.1 Partnership/Collaboration
- 3.3.2 Merger/Acquisition
- 3.3.3 Investment
- 3.3.4 Product launch and innovation
3.4 Regulatory landscape
3.5 Impact forces
- 3.5.1 Growth drivers
  - 3.5.1.1 Increase production of vehicles
  - 3.5.1.2 Increase innovation in valve technology
  - 3.5.1.3 Rise in stringent emission regulations
3.6 Industry pitfalls and challenges
3.7 Growth potential analysis
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Trade analysis
- 3.10.1 Export data
- 3.10.2 Import data

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023

Chapter 5 Market Estimates and Forecast, By Valve Type 2018 - 2032, (USD Million)

5.1 Key trends
5.2 Hollow
5.3 Monometallic
5.4 Bimetallic

Chapter 6 Market Estimates and Forecast, By Purpose 2018 - 2032, (USD Million)

6.1 Key trends
6.2 Intake valves
6.3 Exhaust valves

Chapter 7 Market Estimates and Forecast, By Engine Type 2018 - 2032, (USD Million)

7.1 Key trends
7.2 ICE
7.3 Electric

Chapter 8 Market Estimates and Forecast, By Material 2018 - 2032, (USD Million)

8.1 Key trends
8.2 Nickel alloy
8.3 Chrome plated
8.4 Stainless steel
8.5 Others (Nitrate, Stellite Alloy, etc.)

Chapter 9 Market Estimates and Forecast, By Technology 2018 - 2032, (USD Million)

9.1 Key trends
9.2 Pneumatic
9.3 Hydraulic
9.4 Electric

Chapter 10 Market Estimates and Forecast, By Application 2018 - 2032, (USD Million)

10.1 Key trends
10.2 Automotive
- 10.2.1 Commercial vehicle
- 10.2.2 Passenger vehicle
- 10.2.3 Two wheelers
10.3 Marine applications
10.4 Natural gas engines
10.5 Military and defense applications
10.6 Agricultural and earth moving machinery
10.7 Railway and locomotive applications
10.8 Generators and industrial engines
10.9 Others

Chapter 11 Market Estimates and Forecast, By Distribution Channel 2018 - 2032, (USD Million)

11.1 Key trends
11.2 OEM
11.3 Aftermarket

Chapter 12 Market Estimates and Forecast, By Region 2018 - 2032, (USD Million)

12.1 Key trends
12.2 North America
- 12.2.1 U.S.
- 12.2.2 Canada
12.3 Europe
- 12.3.1 UK
- 12.3.2 Germany
- 12.3.3 France
- 12.3.4 Italy
- 12.3.5 Spain
- 12.3.6 Rest of Europe
12.4 Asia Pacific
- 12.4.1 China
- 12.4.2 India
- 12.4.3 Japan
- 12.4.4 South Korea
- 12.4.5 Australia
- 12.4.6 Malaysia
- 12.4.7 Indonesia
- 12.4.8 Rest of Asia Pacific
12.5 Latin America
- 12.5.1 Brazil
- 12.5.2 Mexico
- 12.5.3 Rest of Latin America
12.6 MEA
- 12.6.1 Saudi Arabia
- 12.6.2 UAE
- 12.6.3 South Africa
- 12.6.4 Rest of MEA

Chapter 13 Company Profiles

13.1 AVR (Vikram) Valves
13.2 Bosch
13.3 Continental AG
13.4 Denso
13.5 Eaton Corporation
13.6 Federal-Mogul
13.7 Fuji Oozx
13.8 Grindtech
13.9 Hitachi Ltd
13.10 Knorr-Bremse AG
13.11 Mahle GmbH
13.12 Omkar Auto Products
13.13 Rane
13.14 Shriram Pistons and Rings Ltd.
13.15 Tenneco