Automatic Gearbox Valves Market Forecast and CAGR
The automatic gearbox valves sales is estimated to grow steadily between 2021 and 2031, with a CAGR of 4% - 6%, according to Fact.MR' latest study. The market will recover steadily in the short term, with an optimistic long-term growth outlook. The demand will be driven by a rise in demand for light-weight and fuel-efficient vehicle components, as well as emissions regulations in developed countries and increased vehicle production. Though due to COVID-19 pandemic the overall sales were hampered and the demand drastically declined during 2020. However, it is estimated that the market will show positive growth from 2021 onwards.
What is Driving Demand for Automatic Gearbox Valves?
Gearbox valves are mechanical components in internal combustion engines that enable or control the flow of gas or flow from and to the combustion chambers during operation. These valves significantly improve vehicle efficiency and meet the consumer's performance expectations. The automobile industry has been concentrating on lowering vehicle emissions. OEMs are working to create technologically advanced and light-weight vehicle components that will meet the new emission standards. One of these components is the gearbox valve, which is used to regulate, direct, or track the flow of a fluid by opening, closing, or obstructing it.
Automatic gearbox valves have a significant impact on the efficiency and responsiveness of various vehicle systems. From mechanical valves to advanced electric mechanically operated valve points, the global automatic valves market has grown. The demand will be driven by a rise in demand for fuel-efficient and light-weight vehicle components, as well as emissions regulations in developed countries and increased vehicle production. The demand for automatic gearbox valves in vehicles is expected to rise as the output of passenger and commercial vehicles rises in developing countries. During the forecast period, the market will rise due to rising demand for automatic gearbox valves
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US and Canada Demand Outlook of Automatic Gearbox Valves
The increasing adoption of automobiles and rising investments in vehicle production by key OEMs such as Ford and General Motors, North America will be a key region in the automatic gearbox valves market. Ford has committed to investing more than $1.5 billion in the United States in 2019 to boost vehicle production. Similarly, General Motors is heavily investing in vehicle manufacturing.
Leading aftermarket manufacturers are based in the US. Manufacturers are being compelled to make improved gearbox valves for fuel intake applications due to the increased emphasis on improving fuel efficiency in the region.
Europe Automatic Gearbox Valves Sales Outlook
Europe is expected to account for significant share of the automatic gearbox valves demand, both in terms of value and volume. In terms of CAGR, the Europe market is expected to expand at a fast rate over the forecast period. On the back of that vehicle demand, economies such as UK and Germany are expected to play a key role. The market is being driven by automation and technological advancements. Europe is experiencing rapid infrastructure growth, which is driving up demand for automobiles. As a result, the automatic gearbox valves sales in the region is expected to rise in the near future.
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Who are the Key Manufacturers and Suppliers of Automatic Gearbox Valves?
Some of the leading manufacturers and suppliers include
- Hikari Seiko
- Bosch GmbH
- Gifu Kato
- Aisin Seiki
- Continental AG
- Mahle GmbH
- Nittan Valve Co.Ltd.
- Tenneco Inc.
- Fuji OOZX Inc
- Denso Corp and Schaeffler AG
Main strategies used by players in the automatic gearbox valves market include new product releases, acquisitions, and R&D activities. The market is fragmented, but it is expected to become less fragmented over time. Market vendors are concentrating more on growth prospects in rapidly segments while retaining their positions in sluggish segments to take advantage of the opportunities.
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K., Spain, BENELUX, Russia, Nordics)
- South Asia and Pacific (India, ASEAN Countries, Oceania)
- East Asia (China , Japan, South Korea)
- Middle East and Africa (GCC Countries, Turkey, South Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
Automatic Gearbox Valves Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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