The Automotive Brake Valve Market size was valued at USD 12.15 billion in 2023 and is expected to reach USD 20.52 billion by 2031 and grow at a CAGR of 6% over the forecast period 2024-2031.
The automotive brake valve market is poised for significant growth, driven by a combination of factors including stringent safety regulations, technological advancements, and expanding regional markets. Mandates such as the European Union's UNECE Regulation No. 13 (UN R13) requiring advanced braking systems like ABS and ESC will increase demand for more sophisticated brake valves. Forecasts predict a steady CAGR of 4.5-5% until 2031.
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The surge in electric vehicles (EVs) is a significant driver of growth in the automotive industry. Despite the integration of regenerative braking in EVs, traditional hydraulic systems with intricate valves remain essential for safety and driver control. Notably, governments like China are heavily investing in EV infrastructure, earmarking a substantial ¥300 billion (USD 44 billion) in 2023 solely for constructing charging stations. This substantial investment indirectly stimulates demand for next-generation brake valves. Furthermore, the global increase in the production of both passenger cars and commercial vehicles will sustain a steady replacement market for brake valves. In summary, the outlook for the automotive brake valve market is characterized by cautious yet promising growth, propelled by safety regulations, technological advancements, and the expanding automotive sector.
KEY DRIVERS:
Automobile manufacturers are increasingly concerned with the creation of efficient and safe braking systems.
A new braking system, such as dynamic stability control or electronic stability control
The increasing use of electric vehicles will lead to an increase in the demand for automotive valves
Increase in road repair and maintenance operations
Increase in rapid advancements in the braking system
The numerous government initiatives encourage the use of cutting-edge technologies
RESTRAINTS:
The workforce lacks technical skills in the dynamic industry
The limited degree of adaptability to changing conditions
In addition to the significant expense of shrinking engines by OEMs
Automotive brake valve sales may be threatened by the rapid rise of battery-electric car production
OPPORTUNITIES:
As the market grows, manufacturers have the potential to improve the efficiency of their existing braking
R&D operations must also be undertaken in order to launch creative products that focus on the safety of clients
In order to take advantage of a wide range of market opportunities, companies must design sound business plans
Passenger car manufacturing is increasing at a rapid rate, & there is a surge in demand for solenoid valves
CHALLENGES:
High competitiveness is a big problem in the market. Businesses that do business face more uncertainty
Road and vehicle safety guidelines have also become a key challenge
The appearance of COVID-19 has had an impact on the economy of the entire world, the dynamics of the industry, and the top line of the corporation, all of which are projected to require a significant amount of time to recover. It is anticipated that the impact of COVID-19 will drive enterprises to focus on the need to automate more quickly in the medium future in order to close the productivity gap. Evaluation of COVID-19's influence on the industry will take into account demand and supply. In the event of a pandemic, both the immediate and long-term consequences would be investigated and examined. This would aid in the development of business plans for both the pandemic and post-pandemic periods for all industry players. In the year 2020, COVID-19 had an impact on the industry of technology and automation. It is a useful test of a company's resilience to adversity in the form of extreme shocks and catastrophic financial crises.
By Product Type:
Based on the product type segment, the global market has been divided into Engine (inlet and outlet) valves, A/c valves, Brake valves, Thermostat valves, Fuel system valves, Solenoid valves, Exhaust gas recirculation valves, Tire valves, Water valves, and AT control valve. For the next five years, the market for engine valves is expected to hold the most market share. Because of the growing number of electric vehicles, the solenoid valve market is expected to develop at the fastest rate.
By Vehicle Type:
The global market has been divided into Passenger cars, LCV, and HCV based on the vehicle type segment. It is anticipated that the market segment for passenger cars will account for the highest share, followed by the market segment for light commercial vehicles (LCV), and then by the market segment for heavy commercial vehicles (HCV). As a safety feature in each of these types of cars, the automotive brake valve plays an important role.
By Application:
The global market has been divided into Engine systems, HVAC systems, Brake systems, and Others based on the application segment. The engine system valve held the largest share of the global automotive valve market, and this share is expected to remain relatively stable over the duration of the forecast. It is anticipated that the market for HVAC systems will develop at the fastest rate, followed by the markets for brake systems and other systems.
By Product Type:
Engine (inlet and outlet) valves
A/c valve
Thermostat valve
Fuel system valve
Solenoid valve
Exhaust gas recirculation valve
Tire valve
Water valve
AT control valve
By Vehicle Type:
Passenger cars
LCV
HCV
By Application:
Engine System
Brake System
Others
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The report on the automotive brake valve market covers the countries of the United States of America, Canada, and Mexico in the region of North America; Brazil, Argentina, and the Rest of South America in the region of South America; Germany, Italy, the United Kingdom, France, Spain, the Netherlands, Belgium, Switzerland, Turkey, Russia, and the Rest of Europe in the region of Europe; Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, and the Philippines in the region of Asia-Pacific (APAC).
The Asia-Pacific region holds the largest proportion of the worldwide vehicle production and fleet size, making it the leader in the market for automotive brake valves. It is anticipated that Europe, followed by North America, would show a substantial growth rate over the forecast period of 2024 to 2031. Europe and North America are the two biggest areas in the worldwide automotive brake valve market.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Continental AG (Germany), Hitachi Ltd. (Japan), WABCO (Belgium), Delphi Automotive (U.K.), Denso Corporation (Japan), Knorr-Bremse AG (Hungary), WABCO (Belgium), Eaton Corporation Plc (Ireland), Sundoz Co., Ltd (Taiwan), Alfmeier precision SE (Germany), Federal-Mogul Holdings Corp. (USA), MAHLE GmbH (Germany), EBS Aftermarket Group Limited (UK), and Poclain Hydraulics (France) are some of the affluent competitors with significant market share in the Automotive Brake Valve Market.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 12.15 Billion |
| Market Size by 2031 | US$ 20.52 Billion |
| CAGR | CAGR of 6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Engine (inlet and outlet) valves, A/c valve, Brake valve, Thermostat valve, Fuel system valve, Solenoid valve, Exhaust gas recirculation valve, Tire valve, Water valve, AT control valve) • by Vehicle Type (Passenger cars, LCV, HCV) • by Application (Engine System, HVAC System, Brake System, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Continental AG (Germany), Hitachi Ltd. (Japan), WABCO (Belgium), Delphi Automotive (U.K.), Denso Corporation (Japan), Knorr-Bremse AG (Hungary), WABCO (Belgium), Eaton Corporation Plc (Ireland), Sundoz Co., Ltd (Taiwan), Alfmeier precision SE (Germany), Federal-Mogul Holdings Corp. (USA), MAHLE GmbH (Germany), EBS Aftermarket Group Limited (UK), and Poclain Hydraulics (France) |
| Key Drivers | •Automobile manufacturers are increasingly concerned with the creation of efficient and safe braking systems. •A new braking system, such as dynamic stability control or electronic stability control. |
| RESTRAINTS | •The workforce lacks technical skills in the dynamic industry. •The limited degree of adaptability to changing conditions. |
Major Players of Automotive Brake Valve Market are Continental AG (Germany), Hitachi Ltd. (Japan), WABCO (Belgium), Delphi Automotive (U.K.), Denso Corporation (Japan), Knorr-Bremse AG (Hungary), WABCO (Belgium), Eaton Corporation Plc (Ireland), Sundoz Co., Ltd (Taiwan), Alfmeier precision SE (Germany), Federal-Mogul Holdings Corp. (USA), MAHLE GmbH (Germany), EBS Aftermarket Group Limited (UK), and Poclain Hydraulics (France), and others in final report.
The market is segmented into three segments, by Product Type, by Vehicle Type, by Application.
Asia-Pacific region is dominating the Automotive Brake Valve Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Brake Valve Market Segmentation, By Product Type
8.1 Engine (inlet and outlet) valves
8.2 A/c valve
8.3 Brake valve
8.4 Thermostat valve
8.5 Fuel system valve
8.6 Solenoid valve
8.7 Exhaust gas recirculation valve
8.8 Tire valve
8.9 Water valve
8.10 AT control valve
9. Global Automotive Brake Valve Market Segmentation, By Vehicle Type
9.1 Passenger car
9.2 LCV
9.3 HCV
10. Global Automotive Brake Valve Market Segmentation, by Application
10.1 Engine System
10.2 HVAC System
10.3 Brake System
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Continental AG (Germany),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Hitachi Ltd. (Japan)
12.3 WABCO (Belgium)
12.4 Delphi Automotive (U.K.)
12.5 Denso Corporation (Japan)
12.6 Knorr-Bremse AG (Hungary)
12.7 WABCO (Belgium)
12.8 Eaton Corporation Plc (Ireland)
12.9 Sundoz Co., Ltd (Taiwan)
12.10 Alfmeier precision SE (Germany)
12.11 Federal-Mogul Holdings Corp. (USA)
12.12 MAHLE GmbH (Germany)
12.13 EBS Aftermarket Group Limited (UK)
12.14 Poclain Hydraulics (France).
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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