Automotive Engine Valve Market Size, Share, Industry Analysis, Trends, Growth, 2032

Automotive Engine Valve Industry Prospective:

The global automotive engine valve market size was worth around USD 6,325.14 million in 2023 and is predicted to grow to around USD 9,399.76 million by 2032 with a compound annual growth rate (CAGR) of roughly 4.50% between 2024 and 2032.

Request Free Sample

Automotive Engine Valve Market: Overview

An automotive engine valve is an integral mechanical component of a vehicle. It is used in internal combustion engines and the main role of the valve is to restrict or allow the exit or entry of gas and fluid when the engine is operating. The flow is directed from combustion cylinders or chambers. The more functional definition of an automotive engine valve describes it as any typical valve used for passing or blocking the flow of a component. However, engine valves used in automobiles are mechanical components and they also interact with other parts of the automobile such as rocker arms. The comprehensive interaction allows the valve to achieve accuracy in terms of opening and closing time which is essential for the proper functioning of the engine over long periods and also achieve fuel efficiency.

International combustion engines with four-cycle or stroke use two types of valves that are named as exhaust valves and intake valves. The latter is used for allowing the inflow of fuel and air mixture into the cylinder of the engine before compression followed by ignition. On the other hand, the exhaust valve is used for repulsing exhaust gasses originating from the combustion engine after ignition. In simple terms, automotive engine valves can be defined as a doorway for allowing the mixture of fuel and air to enter the compression segment and once the energy is generated, the extra mixture component is let out using the same valve.

Key Insights:

• As per the analysis shared by our research analyst, the global automotive engine valve market is estimated to grow annually at a CAGR of around 4.50% over the forecast period (2024-2032)
• In terms of revenue, the global automotive engine valve market size was valued at around USD 6,325.14 million in 2023 and is projected to reach USD 9,399.76 million, by 2032.
• The market is projected to grow at a significant rate due to the growing emphasis on achieving better fuel efficiency
• Based on vehicle type segmentation, compact passenger cars were predicted to show maximum market share in the year 2023
• Based on material type segmentation, aftermarket was the leading segment in 2023
• On the basis of region, Asia-Pacific was the leading revenue generator in 2023

Request Free Sample

Automotive Engine Valve Market: Growth Drivers

Growing emphasis on achieving better fuel efficiency will drive market demand

The global automotive engine valve market is expected to grow owing to the rising need and emphasis on developing solutions that can improve fuel efficiency. One of the key challenges in the global automotive industry is its heavy reliance on non-renewable sources of fuel that not only impact the ecological surroundings but also lead to severe climate changes. Pollution originating from the automotive industry is one of the leading causes of environmental damage observed globally. In addition to this, fuels such as petrol and diesel have been highly consequential in determining the economic growth of a region. Energy sources have been among the top reasons for social and political turmoil across the globe. The recent Russia-Ukraine war has led to severe damage to the supply chain associated with energy sources leading to escalations in the price of the components and a decline in the easy availability of petroleum products.

As of October 2023, oil costs in Europe rose over USD 90 per barrel. Such statistics were observed globally. These factors are comprehensively responsible for an urgent need to improve fuel efficiency in automobiles since vehicles are the largest consumer group in the energy sector. In 2022, over 45% of total US petroleum consumption was recorded in the automotive sector. Engine values in vehicles are essential for attaining higher fuel economy. Perfectly times opening and closing of automotive engine valves helps in improving fuel consumption rate. Additionally, updated valves ensure that the right quantity of fuel and air mixture is filled in the vehicle while also managing the movement of exhaust gasses.

Rising launch of new automotive vehicles and the disposable income of the general population may fuel the market demand

The global market for automotive engine valve is expected to register higher growth as the manufacturing rate in the automotive industry has risen sharply in the last decade. More people are buying affordable vehicles as the income level of the consumers is on the rise. Emerging nations are showing tremendous growth in the demand for automobiles. Around 8% of the Indian population owns a car and the percentage is likely to keep increasing in the coming years.

Automotive Engine Valve Market: Restraints

Rising focus on electric vehicles (EVs) may restrict the market expansion rate

The global automotive engine valve industry is expected to be restricted due to the growing focus on shifting the automotive industry toward sustainable measures by developing electric vehicles. EVs do not use traditional engines thus eliminating the need for engine valves. The EV industry is one of the fastest-growing industries with a growing focus on developing battery power and improving the performance efficiency of the vehicle.

In March 2024, XPeng Motors, a Chinese EV maker, launched two new electric vehicles in Germany. The company plans to expand its foothold in other parts of European nations in the coming months.

Automotive Engine Valve Market: Opportunities

Ongoing innovations in the engine valve industry will generate high-growth opportunities

The global automotive engine valve market is expected to come across several growth opportunities due to the growing rate of innovation in the industry. The operating players are experimenting with improved solutions by introducing the latest technologies such as variable valve actuation (VVA), variable valve timing and lift (VVT/L), sodium-filled valves, and integrated valve train systems. In March 2024, it was reported that Maruti Suzuki is working on VVT technology that can be used for various models. The published patent images show the company is currently working on a small-displacement motorcycle engine equipped with VVT systems.

Similarly, in a recent event, Eaton, a global power management company announced the launch of next-generation sodium-filled hollow-head valves that will aid in improving fuel efficiency along with improvements in the overall performance of the engines. The unique design of the valve also mitigates engine knock.

Aftermarket installation of engine valves is critical to market revenue streams

Several automobile enthusiasts spent large amounts on installing performance-enhancing engine valves. The aftermarket installation of engine valves has high growth potential as the used car market is thriving with heavy investments and large consumer groups.

For instance, research suggests that by the end of the projection period, the Indian used car market alone is expected to cross over USD 90 billion thus creating a higher growth scope for the global automotive engine valve market simultaneously.

Automotive Engine Valve Market: Challenges

Changing prices of raw materials may challenge the market growth rate

The global automotive engine valve industry is expected to be challenged by the changing prices of raw materials. Automotive engine valves are manufactured using materials such as aluminum and steel. However, the metal industry is witnessing disruptions in the supply chain due to several external factors. Additionally, compliance issues may further limit the market growth rate.

Automotive Engine Valve Market: Segmentation

The global automotive engine valve market is segmented based on vehicle type, product type, material type, and region.

Based on vehicle type, the global market segments are premium passenger cars, mid-sized passenger cars, and compact passenger cars. In 2023, the demand was the highest in the compact passenger cars segment. The growing sale of compact cars with advanced features in metropolitan cities of emerging nations was the primary driving factor. The premium passenger cars segment is expected to generate high revenue during the forecast period. Around 20% of the US population owns luxury cars and similar trends can be expected in other parts of the world.

Based on product type, the global automotive engine valve industry is divided into hollow valves, bimetallic valves, and mono-metallic valves.

Based on material type, the global market divisions are aftermarket and OEM. The latter stands for an original equipment manufacturer. In 2023, the aftermarket segment was thriving with higher revenue. Several car enthusiasts and owners prefer to modify the engine valve unit to meet their driving demands and achieve higher fuel efficiency. Additionally, the installation of advanced engine valves can improve car performance significantly. The cost of repairing a single valve can range between USD 500 to USD 1500.

Automotive Engine Valve Market: Report Scope

Automotive Engine Valve Market: Regional Analysis

Asia-Pacific to remain as the leading region during the forecast period

The global automotive engine valve market will be led by Asia-Pacific during the forecast period. The reason for the higher growth rate is the increasing sale of fuel-run automotive vehicles in Asian countries. Although Asia-Pacific has a significant presence in the EV sector, the majority of the regional population is currently opting for vehicles powered by internal combustion engines since they are relatively affordable as compared to EVs. China is the world’s manufacturing hub for automobiles and associated parts. The presence of large-scale manufacturing facilities along with abundant availability of essential raw materials required for producing and applying engine valves further promotes the regional growth rate.

In February 2024, ZF, a global supplier of automotive systems used in passenger vehicles, inaugurated its new manufacturing facility in the Indian state of Tamil Nadu. The investment is worth USD 1800 crore and is expected to help the company expand its regional presence by the end of the decade. The aftermarket segment is flourishing as more consumers are opting for used cars and modifying the vehicles as per their requirements. The availability of skilled human resources and developing technology to innovate engine valve systems are key aspects of the regional market.

Automotive Engine Valve Market: Competitive Analysis

The global automotive engine valve market is led by players like:

• SM Motorenteile GmbH
• BorgWarner Inc.
• Hitachi Automotive Systems. Ltd.
• Delphi Technologies
• Wabtec Corporation
• Eaton Corporation
• Swaraj Automotives Ltd.
• MAHLE GmbH
• SL Rasch GmbH
• Nittan Valve Co. Ltd.
• Eaton Valvetrain
• Dinex
• FUJI OOZX Inc.
• YANMAR Co. Ltd.
• Rane Group
• Tristar Group
• Schaeffler AG
• SSV Valves
• Sinus LtdFederal-Mogul Holdings LLC

The global automotive engine valve market is segmented as follows:

By Vehicle Type

• Premium Passenger Cars
• Mid-Sized Passenger Cars
• Compact Passenger Cars

By Product Type

• Hollow Valves
• Bimetallic Valves
• Mono Metallic Valves

By Material Type

• Aftermarket
• OEM

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa