Automotive Diesel Engine Intake Valve Market Size, Share & Industry Analysis, By Type (Mono-Metallic Valve., Bimetallic Valve., Hollow Valve.), By Application (Passenger Car., Commercial Vehicles.) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
A valve is a crucial part of an automobile's combustion engine, which monitors the flow of exhaust fuel and gasses in an engine cylinder. An engine valve's accurate and proper timing is accountable for the vehicle's proper fuel and air mixture ratio. This helps the engine to increase the mileage significantly, and also it helps to reduce emissions. There are two types of valves the intake valve and the exhaust valve. The intake valve allows the fuel to enter the cylinder and the exhaust valve helps to exhaust the gasses from the cylinder after the combustion.
The increased need to reduce the impact of vehicular carbon emission footprint and improve fuel efficiency are some of the major factors driving the growth of the market. Additionally, engine downsizing implemented by several key producers has also led to huge investment in R&D of several new methods of variable valve timing to increase the overall engine performance eventually. However, the rising cost of diesel is anticipated to decrease the sale of diesel vehicles, which will restrain the growth of the market.
Key Market Driver -
The increased need of reducing the impact of vehicular carbon emission foot print and improved fuel efficiency are some of the major factors driving the growth of the market.
Key Market Restraint -
the increased prices of diesel is anticipated to decrease the sale of the diesel vehicles in which is considered as one of the major factor to hinder the growth of the market.
Market Segmentation:
The global automotive diesel engine intake valve market is segmented by type, application, and geography. Based on type, the market is further sub-segmented into mono-metallic valves, bimetallic valves, and hollow valves. The mono-metallic valve segment is expected to account for the largest market share during the forecast period. These valves are generally found on smaller buses, trucks, and other commercial vehicles. It is made with a one-piece body that may be forged out of aluminum alloy, steel, or other metal. These valves are comparatively cheaper, and it also reduces carbon emissions. These factors will drive the growth of the segment. Based on application, the market is segmented into passenger cars and commercial vehicles. The commercial vehicles segment accounted for the largest market share in 2020. Higher sales of commercial vehicles, especially in developing countries, and diesel engines being the most used engines in commercial vehicles such as buses and trucks are some of the major factors driving the growth of the market.
Key Players:
Major players operating in the global market include Eaton, Fuji Oozx, Mahle, Dengyun Auto-parts, Aisan, ShengChi, Rane, Yangzhou Guanghui, ShengChi, Wode Valve, Nittan, JinQingLong, Wode Valve, AnFu, Ferrea, Burg, Tongcheng, and SSV, among others.
Key Insights
- New Advancements in Automotive Diesel Engine Intake Valve Market.
- Number of Products, Key Countries, 2020
- New Product Launches, Key Players
Regional Analysis:
Geographically, the global market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific held the largest share of the market in 2020. increased demand and sales of diesel vehicles in developing countries such as India and China are some of the primary factors driving the growth of the market. North America is expected to show considerable growth in the market during the forecast period. Due to the strict government rules and norms towards carbon emission in the countries such as the USA and Canada, the adoption of pollution-free vehicles is expected to rise, which is expected to boost the growth of the market. Europe is expected to show steady growth in the market. The greater investment made by key players in the R&D process is expected to drive the growth of the market.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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