Global Engine Valve Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Engine Valve Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Engine valves are mechanical components used in internal combustion engines to allow or restrict fluid or gas from entering or leaving combustion chambers or cylinders during engine operation. Functionally, their performance is similar to many other types of valves, because they block or pass the flow. However, they are purely mechanical devices, which are connected with other engine components, such as rocker arms, so as to open and close in the correct sequence and timing.

Market Overview:

The latest research study on the global Engine Valve market finds that the global Engine Valve market reached a value of USD 3633.47 million in 2022. It’s expected that the market will achieve USD 4427.76 million by 2028, exhibiting a CAGR of 3.35% during the forecast period.

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.

For the Engine Valve industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

Political Factors

Political factors usually have an impact on organizations and their operating methods. Organizations need to be able to respond to current and anticipated future legislation and adjust their marketing strategies accordingly.
These are all about how and to what extent the government intervenes in the economy. This may include government policies, political stability or instability in overseas markets, foreign trade policies, tax policies, labor laws, environmental laws, trade restrictions, and so on.

Economic Factors

Economic factors have a significant impact on how an organization does business and also how profitable they are. Factors include-economic growth, interest rates, exchange rates, inflation, disposable income of consumers and businesses, and so on.
These factors can be further broken down into macro-economic and micro-economic factors. Macro-economic factors deal with the management of demand in any given economy. Governments use interest rate control, taxation policy, and government expenditure as the main mechanisms they use for this.

Legal Factors

Legal factors include-health and safety, equal opportunities, advertising standards, consumer rights and laws, product labeling, and product safety. It is clear that companies need to know what is and what is not legal in order to trade successfully. If an organization trades globally this becomes a very tricky area to get right as each country has its own set of rules and regulations.
The Engine Valve industry is subject to the supervision and restriction of national laws and regulations. The law regulates and guides the non-standardized operation of enterprises, thus promoting the long-term development of enterprises. Different countries and regions have different laws, so enterprises need to study the relevant laws in order to better adapt to the development of the industry.

Region Overview:

In 2022, the share of the Engine Valve market in Asia Pacific stood at 55.87%.

Company Overview

Eaton is one of the major players operating in the Engine Valve market, holding a share of 22.12% in 2021.

Eaton

Eaton provide sustainable solutions that help customers effectively manage electrical, hydraulic, and mechanical power-more safely, more efficiently, and more reliably. Eaton sell products to customers in more than 175 countries with approximately 92,000 employees. Eaton is the leading global supplier of engine valves, supplying nearly all vehicle and engine manufacturers worldwide. For more than 85 years, Eaton has been designing and developing engine valve technologies for manufacturers that require high quality valves for gasoline, diesel and alternative fuel engines.

DRiV Incorporated

Its 31,000 team members throughout 25 countries around the world work as one team. After Tenneco acquired Federal-Mogul in October 2018 and Öhlins Racing in January 2019, DRiV was united into a single Tenneco business division dedicated to Ride Performance and Motorparts.

Application Overview:

By application, the Automobile segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Engine Valve market covered in Chapter 3:

ANFU Engine Valve
Rane Group
MAHLE
JWAA
Renex Engine Valves
AVR (Vikram) Valves
Anhui Wode
Huaiji Dengyun Auto-parts
KSP
DRiV Incorporated
Eaton
KSV
FUJI OOZX
Nittan Valve

In Chapter 4 and Chapter 14.2, on the basis of types, the Engine Valve market from 2018 to 2029 is primarily split into:

Mono metallic valves
Bimetallic valves
Hollow valves
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Engine Valve market from 2018 to 2029 covers:

Automobile
Motorcycles
Marine
Trucks & Buses
Piston Engine Aircrafts
Electric Generators
Railway
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)