Global Automotive Valve Train Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 2.45% from 2019 to 2027, reaching nearly US$ XX Bn.
Global Automotive Valve Train Market
The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Automotive Valve Train Market: Market Overview
The valve train system is arrangement of different components to provide proper functioning of intake and exhaust valve operations of an engine. The valve train of an engine includes the valves, camshaft, valve springs, rocker arms, retainers, and shafts. It controls over the opening and closing valves of the engine and also the time at which a valve is open or closed. It also provides a proper amount of fuel and air mixture.
Global Automotive Valve Train Market: Market Dynamics
A significant growth of automotive industry across the world with rapid urbanization, increasing demand for vehicles resulting into rising the demand for automotive valve train. Increasing disposable income of consumers and increasing their spending power boost the sales of vehicles thus, it is driving the demand for automotive valve train. Rising demand of hybrid vehicle has increased the demand of valve train. These are the major factors anticipating the growth of the global automotive valve train market during the forecast period.
Rising the preference toward electric vehicle for zero emission, they are powered by battery system and not required internal combustion engine, thus they do not have any valve train. The impact of pandemic COVID-19 on world economy, also affects the automobile sector, the disruption in the product supply chain create problems for manufacturers which also hinders the growth of the market during the forecast period. These are the key factors working as restrain for global automotive valve train market during the forecast period.
Global Automotive Valve Train Market: Market Segmentation
The hydraulic lifter is majorly preferred as they reduce the valve train noise by zero valve clearance, thus the hydraulic lifter segment of lifter type is anticipated to drive the global automotive valve train market during the forecast period. Increase in the sales of passenger vehicles across the world, in turn, passenger vehicle segment of vehicle type is subjected to the highest growth rate during the forecast period. OEMs segment of sales channel is likely to dominate the global automotive valve train.
Global Automotive Valve Train Market: Regional Analysis
The Asia Pacific is dominating the global automotive valve train market due to major sales of automotive. The increasing economic and living standard of individual will significantly drive the automotive valve train market in this region. Besides, increase in the number of automotive manufacturing industries, entry of foreign automakers in emerging nations such as India and China are driving the market during the forecast period. Besides, the high production of passenger vehicles in this region and rapid expansion of automotive industry in countries like South Korea, China and India is likely to drive the market. North America held substantial share of this market due to high production of commercial vehicles.
Scope of the Global Automotive Valve Train Market
Global Automotive Valve Train Market, by Lifter type
• Solid lifter
• Hydraulic lifter
• Roller lifter
Global Automotive Valve Train Market, by Vehicle type
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Vehicle
Global Automotive Valve Train Market, by Sales Channel
Global Automotive Valve Train Market, by Region
• Asia Pacific
Rest of Asia
• North America
Rest of Europe
• South America
Rest of South America
• Middle East & Africa
Rest of MEA
Global Automotive Valve Train Market, Key Players
• MAHALE GmbH
• AVR Valves Pvt. Ltd.
• Delphi Technologies Plc
• Tenneco Inc
• BorgWarner Inc.
• Schaeffler Group
• MS Powertrain Technologie GmbH
• Engineered Sintered Components
• Rheinmetall Automotive AG
• thyssenkrupp AG
• Federal-Mogul LLC
• Jereh Tractor Parts Corporation
• Fulin P.M.
• GT TECHNOLOGIES
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