Automatic Gearbox Valve Market Size, Share, and COVID-19 Impact Analysis, By Type (Shift Control Valves, Pressure Modulating Valves, and Timing Valves), By Application (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Regional Forecast, 2024-2032

Valves are one of the primary components of the automatic transmission gearbox as it helps in a smooth shift of gears as per the change in engine output. A gearbox is the primary companent of the transmission that helps in transmitting power from the engine to the wheels and valves facilitates the process of transmitting power with varying loads in the engine. A valve controls the flow of hydraulic fluid through the transmission to engage a specific gear.

With increased automation and the urge to improve fuel efficiency, performance, and safety, the automotive industry is constantly innovating new technologies. Besides being highly advantageous to drivers, an automatic gearbox alleviates the need for manual shifting and improves overall driving comfort without compromising performance and efficiency.

The demand for automatic gearbox valves has been witnessing a high demand as consumers readily opt for automatic transmission vehicles to avoid the hassle of adjusting gears in heavy traffic and jam-packed roads, achieve greater vehicle fuel economy and garner comfort and convenience while riding. The demand for high-performance cars positively contributes to adopting an automatic gearbox system as it does not face the power transmission lag while gear shifting.

Impact of COVID-19 on the Automatic Gearbox Valve Market

The automatic gearbox valve market is poised to grow as the automobile industry grows. COVID-19 pushed major economies to multiple setbacks due to lockdowns and supply chain bottlenecks. China and Japan play a significant role in manufacturing passenger cars. In terms of passenger vehicle sales around the globe, FY20 was a huge disappointment due to consumer preferences shifting significantly.

New car production was negatively impacted by the closure of assembly plants and a lack of staff caused by stricter societal distancing rules. As a result of the supply chain slowdown, companies were forced to purchase sufficient raw materials to meet their production needs, and at the same time, the increase in inflation significantly increased the cost of production.

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships


• Porter's Five Forces Analysis


• Technological Developments


• Impact of COVID-19 on the automatic gearbox valve market

Analysis by Application

The passenger cars segment is anticipated to grow significantly due to the increasing preference of consumers for a passenger vehicle. The increasing transition of people from low-income to middle and high-income creates a buoyant demand in passenger cars, escalating demand for gearbox valves. Automatic transmission is gaining traction in the market as it provides more convenience while riding the vehicle in traffic congestion. However, the increasing adoption of electric vehicles is a threat to the growth of the gearbox valve market.

Analysis by Type

Shift control valves have a significant growth opportunity in the coming years as they are a crucial device in achieving fuel efficiency and seamless drive for an automatic transmission vehicle. The shift control valves shall direct the fluid within the transmission system. They shut down the hydraulic passageways, whereas other areas of the valve open them. The increasing demand for less complex systems is anticipated to boost the demand for shift control valves in The market.

Regional Analysis

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Asia Pacific is predicted to lead the automatic gearbox valve market during the forecast period. The region is witnessing an attractive demand for both passenger and commercial vehicles owing to the increased preference of consumers to own cars and increased penetration of industry and its related services, respectively. Shifting consumers to higher income brackets, increasing disposable income and buying power, and needing a convenient and personal commute paves an unobstructed route for the automatic gearbox market. Additionally, the Asia Pacific market’s growth is optimistic owing to the region's heavy engagement in automotive development activities, such as efficient engines to cater to the market and increasing R&D to meet the strict government norms. The region is facing a significant rise in population, leading to higher traffic congestion. This will lead more consumers to adopt automatic transmission vehicles, boosting the demand for automatic gearbox valves.

Key Players Covered

The report includes the profiles of key players such as Borg Warner, Atsumitec, Avex, Hikari Seiko, Robert Bosch GmbH, Eaton, Gifu Kato, Continental AG, Mahle GmbH, Nittan Valve Co. Ltd., Tenneco inc., Denso Corp, Aisin Seiki, and Schaeffler AG.

Segmentation

Key Industry Developments

• In March 2023, Ford unveiled the latest addition to its Puma ST Powershift SUV lineup. This model boasts the most powerful version of Ford's renowned 1.0-litre EcoBoost engine, which has received multiple awards for its performance and efficiency. The Puma ST Powershift also has a cutting-edge seven-speed automatic transmission, offering a seamless driving experience.


• In March 2020, Continental AG invested USD 226 million in its operation in Romania and inaugurated a new production module to develop and test electronic control units for automatic gearboxes.