Automotive Brake Valves Market

Automotive Brake Valves Market to Record an Impressive Growth Rate of US$ 4,500 Mn in
revenues by 2022-end
A new study published by Future Market Insights (FMI) has projected the global
automotive brake valve market to exhibit an impressive 5.1% CAGR during the forecast
period (2017-2022). Global sales of automotive brake valves are estimated to surpass
US$ 4,500 Mn in revenues by 2022-end.
Numerous innovations in automotive brake valves have been witnessed including
improved service life of components, adoption of advanced materials, and advancements
in chassis and drivetrain technologies. One of the major trends that is currently gaining
popularity in the global automotive brake valve market is increasing focus on developing
vehicle-specific brake valves. Surging need for automotive fleet in road maintenance and
repair activities, especially across developing economies, has led towards significant rise
in replacement market & aftermarket sales for automotive brake valve suppliers. Growth of
the automotive brake valves market has always been influenced directly by sales &
production of vehicles across the globe.
Enormous investments are being made by research institution as well as automobile
manufacturers in research and development activities associated with development of
advanced brake valves. Their prime focus is enhancing the vehicle performance and
catering to cost optimisation targets. In addition, integration of advanced vehicular
configurations, sensors, composite materials, and control units into modern designs of
braking systems have resulted into several developments in the automotive brake valves.
For instance – Eaton Corporation Plc has introduced its new and high modular design of
CLS Load Sense Sectional Mobile Valve, which offers functions such as load sense bleedoff, and pre- as well as post-compensated load sense relief.
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Various advancements in braking systems have led toward development of advanced,
effective, and efficient automotive brake valves. Some of these advancements include
electronic stability control, anti-lock braking system (ABS), and dynamic stability control.
While designing a vehicle, one of the primary concerns for automotive manufacturers is
provision of braking systems which offer optimum efficiency.
The global automotive brake valve market is anticipated to be dominated by Asia-Pacific
excluding Japan (APEJ) throughout the forecast period, in terms of revenues. Europe will
continue to be the second largest market for automotive brake valves, with sales estimated
to exceed US$ 1,000 Mn in revenues by 2022-end. The market in North America is
projected to exhibit the fastest expansion through 2022.
Metering brake valves are expected to remain sought-after among products in the market.
Nearly 30% of the market revenue share is projected to be accounted by sales of metering
brake valves. In addition, sales of metering brake valves are poised to register the highest
CAGR through 2022, followed by pressure-differential brake valves and combinational
brake valves.
Compact passenger cars will continue to be dominant in the global automotive brake valve
market, followed by mid-sized passenger cars and light commercial vehicles. Sales of
automotive brake valves for compact passenger cars are projected to account for over
one-fourth revenue share of the market through 2022.
Key market participants profiled by FMI’s report include Knorr-Bremse AG, FUJI OOZX
Inc., Federal-Mogul Holdings Corp., Denso Corporation, Continental AG, Mahle Group,
Hitachi Ltd., FTE Automotive GmbH, Eaton Corporation Plc, and Delphi Automotive PLC.
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Future Market Insights has announced the addition of the “Digital Breast Tomosynthesis (DBT) Equipment Market: Global Automotive Brake Valves Market to Record an Impressive Growth Rate of US$ 4,500 Mn in revenues by 2022-end" report to their offering.