PUBLISHER: The Business Research Company | PRODUCT CODE: 1546624
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546624
A valve seat insert serves as a replaceable component within the cylinder head of an internal combustion engine. Typically crafted from materials such as hardened steel or alloys such as satellite, it is harder than the cylinder head material itself. Its primary function is to provide a robust seating surface for the intake and exhaust valves of the engine.
Valve seat inserts are primarily made from materials including iron alloys, steel, nickel-based alloys, and others. Iron alloys are metallic blends primarily composed of iron, mixed with other elements to enhance specific properties such as strength, corrosion resistance, or magnetic characteristics. These inserts cater to various engine types-gasoline, diesel, and gas engines-distributed through different sales channels such as original equipment manufacturers and aftermarket suppliers. These engines serve diverse end-use sectors including automotive, off-highway, two-wheelers, marine applications, and industrial machinery.
The valve seat inserts market research report is one of a series of new reports from The Business Research Company that provides valve seat inserts market statistics, including valve seat inserts industry global market size, regional shares, competitors with a valve seat inserts market share, detailed valve seat inserts market segments, market trends and opportunities, and any further data you may need to thrive in the valve seat inserts industry. This valve seat inserts market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The valve seat inserts market size has grown steadily in recent years. It will grow from $5.67 billion in 2023 to $5.94 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. During the historic period, growth can be credited to the expansion of the automotive industry, stringent environmental regulations, increased maintenance and replacement demands, rising emphasis on fuel efficiency and engine performance, and the expansion of aftermarket sales channels.
The valve seat inserts market size is expected to see steady growth in the next few years. It will grow to $7.20 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. In the forecast period, growth is anticipated due to advancements in material science, evolving consumer preferences, fluctuations in raw material prices and availability, the rise of electric vehicles, and collaborative efforts within the industry. Key trends expected in this period include the adoption of additive manufacturing, a shift towards lightweight materials, enhanced integration with engine design, increased digitalization and simulation capabilities, and a continued emphasis on advanced surface treatments.
The valve seat insert market is set to grow due to increasing demand for both passenger cars and commercial vehicles. Passenger cars are designed primarily for transporting passengers, while commercial vehicles are used for transporting goods or passengers for business purposes. This demand surge is driven by factors such as economic growth, urbanization, and regulatory changes. Valve seat inserts play a crucial role in enhancing durability, performance, heat management, maintenance ease, and emissions control in both vehicle types. They ensure reliable engine operation across various applications and conditions. For example, in October 2022, the number of registered passenger vehicles in Australia increased from 14.86 million in 2021 to 15.08 million in 2022, while registrations for light commercial vehicles rose from 3.66 million to 3.82 million during the same period. Thus, the rising demand for passenger cars and commercial vehicles is fueling growth in the valve seat insert market.
Leading companies in the valve seat insert market are innovating by introducing products such as valve seat cutter blades, aimed at simplifying the cutting of hardened and multi-alloy valve seat materials. These blades are essential tools used in engine maintenance and machining operations, typically part of a valve seat cutting tool set for re-machining or cutting valve seats in cylinder heads. For instance, in July 2021, Goodson, a US-based specialist tool provider, launched the Saber Tooth Valve Seat Cutter Blade. It features a special alloy that enhances the cutting process on hardened and multi-alloy materials, offering up to 30% longer life. Blades will begin transitioning to SABER TOOTH specifications, identified by a logo sticker on the packaging.
In February 2024, Cooper Machinery Services, a US-based supplier of industrial equipment, completed the acquisition of Tucker Valve Seat Company, a manufacturer based in the US specializing in valve seat inserts and related engine components. This strategic acquisition is expected to bolster Cooper Machinery Services' product lineup, enhance its technical capabilities, and expand its market presence within the industrial equipment sector.
Major companies operating in the valve seat inserts market are Eaton Corporation, GKN Automotive, Cooper Corp., AVL List GmbH, Mahle GmbH, Nittan Valve Co Ltd, Federal-Mogul Corporation, Fuji Oozx Inc, Del West Engineering Inc., Garima Global Pvt. Ltd, Manley Performance Products Inc., Sealed Power Corporation, Ashok Trading Corporation, Serdi LLC, Dura-Bond Bearing Company, Goodson Tools & Supplies, Erling, Arrow Precision Ltd, Qualcast LLC, Summit Valve Train LLC
Asia-Pacific was the largest region in the valve seat inserts market in 2023. The regions covered in the valve seat inserts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the valve seat inserts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The valve seat insert market consists of sales of copper valve seat inserts, ceramic valve seat inserts, titanium valve seat inserts, and bimetal valve seat inserts. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Valve Seat Inserts Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on valve seat inserts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for valve seat inserts ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The valve seat inserts market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.