Automotive Valves Market Expected to Reach $51.9 Billion by 2033

According to a new report published by Allied Market Research, titled, “Automotive Valves Market," The automotive valves market was valued at $26.6 billion in 2023, and is estimated to reach $51.9 billion by 2033, growing at a CAGR of 7.1% from 2024 to 2033.

Automotive valves are mechanical components which are used to control, regulate, or direct the flow of fluids and gases in vehicles. Automotive valves are vital for controlling the engine operation, directly impacting performance efficiency, and emissions from vehicle. Automotive valves are used in many applications such as engines, HVAC systems, EGR valves, fuel systems and others. 

The automotive valves market share is segregated into type, vehicle type, function, sales channel and region. Based on type the market is segmented into engine valves, HVAC valves, EGR valves, Fuel system valves and others. On the basis of vehicle type the global market is segregated into passenger vehicle and commercial vehicle. Based on function the market is analyzed into pneumatic, hydraulic, and electric. On the basis of sales channel the global market is analyzed into OEM and aftermarket. Region wise the global market is analyzed into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.

The global automotive valves market forecast is driven by growing demand for passenger vehicles in developing regions, growing vehicle production globally, and integration of lightweight materials in manufacturing automotive valves. However, factors such as growing inclination towards electric vehicle segment and high cost and fluctuation in price of raw material hinder the growth of the market. Furthermore, factors such as growth in emission regulation and technological advancement in automotive valves are anticipated to offer lucrative market growth opportunity during the forecast period.

In addition, the automotive valves market size is highly competitive, with several key players dominating the industry. Prominent manufacturers focus on innovation, product differentiation, and strategic partnerships to maintain their market positions. Market leaders include companies such as Denso Corporation, Hitachi Astemo, Ltd., BorgWarner Inc., Robert Bosch GmbH, Valeo S.A., Aisin Seiki Co., Ltd., DRiV Automotive Inc., Eaton Corporation, Continental AG, and MAHLE GmbH.

Automobile manufacturers are integrating lightweight materials in the manufacturing of automotive valves in order to decrease their weight and increase their overall performance. Traditionally, automotive valves were manufactured by heavy and durable materials like steel and cast iron. However, with the growing demand for performance components, manufacturers are utilising alloys, silicon and other composite materials in the manufacturing of automotive valves.

For instance, manufacturers are utilizing lightweight materials such as low carbon steel alloys, austenitic and martensitic stainless steel, titanium, and nickel-chromium-iron alloys. In recent years silicon chromium steels are increasingly used to make inlet valves because they provide strength as well as are more durable for use in high-temperature environment. Ceramic valves are also used in modern automobiles. However, their usage is limited to supercars and luxyry vehicles because they are 50 times more expensive as compared to steel valves.

To tackle the demand for efficient and lightweight automotive valves, companies are collaboratively working towards the development of automotive valves for instance, Fraunhofer IISB a Germany-based research service-providing company, is collaborating with Opel AG, Daimler Benz AG, CeramTec AG and other companies to develop of intake and exhaust valves made of silicon nitride, which are suitable for series of mass production.

• On February 1, 2024 DRiV and its parent company Tenneco launched stroke dependent damping (SDD) add-on valve. The new Monroe RideRefine SDD valve works in conjunction with Monroe OE Solutions main valve technologies to deliver best-in-class comfort and control characteristics. The tunability of the new SDD valve enables vehicle manufacturers to select the ideal comfort profile for short piston strokes in each vehicle model.
• On Mar 1, 2024 Eaton launched next-generation fuel tank isolation valve (FTIV) for hybrid vehicles. The new FTIV is easier to mount, 27% lighter, 39% smaller and contains 24% fewer components than its predecessor. It is designed to be easier to mount in a variety of challenging tank configurations within the vehicle.
• Mar 1, 2023 Eaton launched 3-in-1 battery pack vent valve for EV batteries. The valve is capable of three functions: battery case leak-checking, and both passive and active venting to provide battery pack overpressure relief. The valve features a low flow breathing mode that allows air to move through porous material to normalize pressure during regular operation.

KEY FINDINGS OF THE STUDY

• By type, the HVAC valves segment is anticipated to exhibit significant growth in the automotive valves market analysis in the near future.
• By vehicle type, the passenger vehicle segment is anticipated to exhibit significant growth in the automotive valve market in the near future.
• By component, the electrical segment is anticipated to exhibit significant growth in the automotive valve market in the near future.
• By sales channel, the OEM segment is anticipated to exhibit significant growth in the automotive valves market size in the near future.