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The main function of a positive crankcase ventilation valve (PCV) is to evacuate the harmful unwanted gases from the engine or crankcase. While the engine is running, blow-by gases leaking past the piston rings enter into the crankcase. These blow-by gases consist of unburned fuel and toxic vapors. Moreover, the presence of these gases in the crankcase affects engine performance. Hence, positive crankcase ventilation valves are installed in an automotive engine to evacuate these harmful gases from the engine or crankcase.
The surge in automotive sales and production is the prominent driver for the positive crankcase ventilation valve market. Additionally, the PCV valve removes unburned gases from the crankcase and transfer the gases in the engine cylinder for another shot of combustion, which further improves the efficiency of the automotive engine. Hence, increasing demand for high performance and efficient working of the automotive engine is anticipated to boost the market growth during the forecast period. Moreover, OEM’s focus on the development of fuel-efficient vehicles combined with the increasing demand for fuel economy among the populace worldwide is expected to fuel the market growth in upcoming years.
Furthermore, an increasing number of stringent regulations worldwide regarding automotive emission control is anticipated to fuel the adoption of PCV valves. For instance, regulations enforced by European Union for emission control such as Euro 6, Euro 5, and others are expected to influence the market growth. However, the increasing penetration of electric vehicles worldwide and lack of awareness about PCV valves in some underdeveloped regions may disrupt the market growth over the forecast period.
Key Market Driver -
Demand for efficient performance of automotive engine is driving the market growth.
Key Market Restraint -
Increasing penetration of electric vehicles worldwide may restrain the market growth during the forecast period.
The automotive positive crankcase ventilation valve market is segmented by fuel type, by vehicle type, by material, by sales channel, and by region.
By fuel type, the market is segmented into diesel and gasoline.
The gasoline segment held the leading market share and is likely to continue leading the market from 2021 to 2028. Increasing sales of gasoline vehicles are driving the segment growth. Additionally, increasing demand for emission control devices for gasoline engines combined with the stringent emission control norms enforced by the government further accelerates the segment growth. Moreover, bow-by gases produced due to incomplete combustion in the gasoline engine enter into the crankcase and affect the performance; therefore in order to run the gasoline-fueled vehicle at optimum performance, PCV valves are installed in the system.
By vehicle type, the market is segmented into two-wheelers, passenger cars, and commercial vehicles.
The passenger cars segment dominated the market in 2020 and is expected to continue its dominance in years to come. Rising sales of passenger cars worldwide due to increasing disposable income and rapid urbanization are expected to fuel the market growth. Additionally, increasing demand for fuel-efficient passenger cars for daily commute coupled with growing congestion in public transport will propel the segment growth during the forecast period. The commercial vehicles segment is also expected to witness significant growth over the forecast period. Increasing demand for PCV valves in commercial fleets for efficient operation and to reduce the spending on fleet maintenance is expected to fuel the segment growth.
By material, the market is segmented into stainless steel and aluminum.
The stainless steel segment accounted for the leading market share in 2020 and is likely to continue its dominance over the forecast period. The corrosion and chemical resistance of stainless steel makes them highly suitable for the PCV valve. Additionally, the low cost of stainless steel as compared to aluminum further accelerates the segment growth.
By sales channel, the market is segmented into aftermarket and OEM.
The aftermarket segment is expected to witness eye-catching CAGR over the forecast period. Increasing demand for the replacement of positive crankcase ventilation valves after every 20,000 to 50,000 miles for efficient automotive performance is expected to boost the segment growth in upcoming years. In addition, the surge in demand for emission control devices due to stringent government regulations is anticipated to fuel eh segment growth. The OEM segment is also expected to witness significant CAGR due to the increasing efforts from the manufacturers to develop fuel-efficient automobiles.
Major players operating in the global Automotive Positive Crankcase Ventilation Valve Market include SMP Deutschland GmbH, The Mann + Hummel Group, Aisan Industry Co, Sankei Giken India Ltd., Tenneco Inc., TPR CO., LTD., RIKEN CORPORATION, NIPPON PISTON RING Co., Ltd., and IP Rings Ltd. among the others.
Based on geography, the automotive positive crankcase ventilation valve market is segmented into North America, Europe, Asia Pacific, and the rest of the world.
The Asia Pacific is likely to witness the fastest growth rate from 2021 to 2028. Expansion of the automotive industry in emerging countries of APAC, including China, Japan, India, and others, is expected to fuel the market growth in the region. According to the International Organization of Motor Vehicle Manufacturers (OICA), China contributed the largest portion of global total vehicle sales than any other country in 2020; China sold nearly 25 Mn. Units. Advancements in the Chinese automotive industry will boost the market growth in the Asia Pacific. Moreover, increasing emission control norms combined with the growing trend for the use of emission control devices in automobiles is anticipated to propel market growth. Europe is also expected to witness significant growth during the forecast period. High demand for emission control devices across developed countries in Europe to control the pollution and stringent regulations enforced by European Union will drive the market growth in upcoming years.
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