Automotive Brake Valve Market to Grow 1.5X by 2027
Towering automobile sales, as well as rising stringency in the regulatory framework, are underpinning the growth of automotive brake valve market. The global automotive brake valve market is set to follow a positive growth trail over the following years, as automation and electronics have streamlined within the automotive vertical. Poised for a healthy CAGR of over 5% during 2019 - 2027, the global sales of automotive brake valves will roughly equate 1.5X the current market revenues, by 2027 end.
Key Growth Influencers - Automotive Brake Valve Market
Increasingly Stringent Regulations Mandate ABS Installation in Automobiles
Manufacturers have to comply with stringent emission and safety regulations in countries such as Germany, France, Spain, Indian, and China. BS-VI norms by Ministry of Road Transport & Highways (MoRTH) has made ABS a mandatory equipment for all cars launched, especially after 2018, in India. Unfortunately, India reports the largest number of deaths in traffic accidents across the world. ABS systems employed widely in vehicles, will play a vital role in enhancing safety features. Also, production and sales of brake valves fitted in ABS systems will rush in positive numbers by default, thereby driving demand for automotive brake valves.
Growing Integration of Electronics in Brake Systems
With advancing brake technologies, integration of electronics into brake systems is expected to open new grounds for market growth. Companies manufacturing automotive brake valves are replacing conventional proportional valves with electronic ones. These are then integrated in braking systems to increase fuel as well as engine efficiency.
Electronic brake proportioning (EBP) helps in monitoring speed differences between front and rear wheels, and utilizes ABS systems to prevent rear wheel lock ups. With consumer interest in passenger cars equipped with novel safety technologies, and government schemes & regulations boosting deployment of advanced technologies in commercial vehicles, the integration of electronics is expected to significantly drive market growth over the forecast period.
Shifting Demand towards Premium and High-speed Vehicles
The demand for luxury and high-speed vehicles continues to grow, owing to factors such as improving lifestyles, rise in consumer spending, and improved infrastructure. This has led to proliferation in production and sales of high performing passenger cars. Furthermore, new model launches and addition of advanced features in cars has grown at a rapid pace. With this, integration of ABS systems, EBS, EBD, and other advanced features in brake systems has escalated. Increasing manufacturing of ABS systems directly affects the growth of automotive brake valves, thereby boosting production of automotive brake valves during the forecast period.
Automotive Brake Valve Market Structure Analysis
- The global automotive brake valve market is identified to be a fairly consolidated market, where tier-2 and tier-3 market players hold majority share. Automotive brake valve market consists of a number of local and unorganized players.
- Wabtec Corporation, Master Power Brakes, Parker Hannifin Corp, and MICO (a WABCO Company) are identified as some of the key manufacturers of automotive brake valves for on-road and off-road vehicle fleet.
ABS Modulator Valves Continue their Hegemony
Accounting for a voluminous share, anti-lock brake system (ABS) modulator valves remain sought-after throughout the forecast period. Benefits including, enhanced fuel efficiency, and optimized vehicle dynamics are responsible for their prominence. Manufacturers of ABS modulator valves are reaping maximum returns in East Asia and Europe. Combination valves and proportional valves are witnessing steady demand, with the sales of former expected to reach about US$ 900 Mn by 2027 end.
China and India Hold Massive Investment Potential
The automotive brake valve market in East Asia continues to offer worthwhile prospects to market players, primarily attributed to the surging production of compact passenger vehicles (PV) and heavy commercial vehicles (HCV). Sales are mainly concentrated in China, while Japan and South Korea are showcasing moderate growth. Owing to the increasing production of PVs, the market in Europe is poised to cross the US$ 2 Bn mark towards the end of 2027. Germany represents the most lucrative regional market, while Russia is reflecting potential prospects. The growing automotive industry in India, and ASEAN countries are responsible for the growth potential of automotive brake valve market in South Asia & Pacific. Furthermore, the report reveals that the region will outpace North America by the end of the forecast period.
* This data is only a representation. Actual data may vary and will be available in report.
Market Witnessing Synergy of Electronics and Brake Systems
Electronics have been reshaping the automotive industry in the recent past. The integration of electronics with conventional brake systems is offering new growth dimensions to the automotive brake valves market. Advanced technologies, such as, electronic brake proportioning (EBP), helps in monitoring speed differences between the front and rear wheels and utilizes ABS systems to prevent rear wheel lock ups. Customers are increasingly turning to vehicles equipped with novel safety technologies, which is further complemented by government mandates regarding the deployment of advanced solutions in automobiles.
Surging demand for ABS modulator valves
Combination valves witnessing steady sales
High application in compact cars
Moderate adoption in mid-sized vehicles
Steel remains highly preferred
Alloys to gain traction
Maximum sales via OEMs
Sales through aftermarket to pick pace
How Growth will Unfold
Steel remains the highly preferred material among manufacturers for developing automotive brake valves in a majority of regions owing to prolonged shelf life and cost-efficiency. The demand for steel automotive brake valves is growing healthily, with sales exceeding US$ 3 Bn towards the end of the projection period. Market players are also utilizing brass and copper for manufacturing automotive brake valves. However, there are strong possibilities of automotive brake valves derived from alloy outpacing their counterparts – brass and copper – in the following years.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Automotive Brake Valve Market Analysis 2019-2027
The recent market study published by FMI on the automotive brake valve market includes global industry analysis & opportunity assessment for 2019-2027, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on historical as well as current growth parameters of the automotive brake valve market, growth prospects of the market are obtained with maximum precision.
Automotive Brake Valves Market Taxonomy
The global automotive brake valve market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
- Combination Valves
- Quick Release Valves
- Metering Valves
- ABS Modulator Valves
- Foot & Hand Brake Valves
- Parking Brake Valves
- Emergency Valves
- Check Valves
- Spring Valves
- Proportional Valves
- Compact Cars
- Luxury Cars
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
The report begins with the executive summary of the automotive brake valve market, which includes a summary of the key findings and statistics.
Readers can find the definitions and detailed taxonomy of the automotive brake valve market in this chapter, which will help them understand the basic information about the automotive brake valve market. This section also highlights inclusions and exclusions, which will help readers understand the scope of the automotive brake valve market report.
This chapter explains key macroeconomic factors that are expected to influence the growth of the automotive brake valve market over the forecast period. Along with macroeconomic factors, this section also highlights supply chain, forecast factors, and value chain analysis for the automotive brake valve market.
This section explains the global market value analysis and forecast for the automotive brake valve market for the forecast period of 2019-2027. This chapter includes a detailed analysis of the historical automotive brake valve market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). The chapter also includes a pessimistic & optimistic outlook for automotive brake valve market. Along with this, an overview of key insights is also provided by market participants.
Based on product type, the automotive brake valve market is segmented into combinational valves, quick release valves, ABS modulator valves, foot & hand brake valves, parking brake valves, emergency valves, check valves, spring valves, and proportional valves. In this chapter, readers can find information about key trends and developments in the automotive brake valve market and market attractiveness analysis based on product type.
This chapter provides details about the automotive brake valve market based on vehicle type, and has been classified into compact cars, mid-sized, luxury cars, SUVs, HCVs, and LCV. In this chapter, readers can understand the market attractiveness analysis based on vehicle type.
This chapter provides details about the automotive brake valve market based on material type, and has been classified into steel, copper, brass, and alloy. In this chapter, readers can understand the market attractiveness analysis based on material type.
This chapter provides details about the automotive brake valve market based on sales channel, and has been classified into OEMs and aftermarket. In this chapter, readers can understand the market attractiveness analysis based on sales channel.
This chapter explains how the automotive brake valve market will grow across several geographic regions such as North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa.
This chapter includes a detailed analysis of the growth of the automotive brake valve market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on applications and countries in North America.
This chapter provides the growth scenario of the automotive brake valve market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Important growth prospects of the automotive brake valve market in several countries such as Germany, Italy, France, the U.K., Spain, Russia, and the Rest of Europe are included in this chapter.
In this chapter, important growth prospects of the automotive brake valve market based on its end users in several countries such as Japan, South Korea, and China are included.
ASEAN, India, and ANZ are prominent countries in this region. Readers can find detailed information about the growth parameters of the South Asia & Pacific automotive brake valve market during the forecast period of 2019-2027 in this chapter.
This chapter highlights the growth of the automotive brake valve market in MEA by focusing on GCC Countries, Turkey, South Africa, Iran, and Rest of MEA. This section also helps readers understand key factors that are responsible for the growth of the automotive brake valve market in MEA.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the automotive brake valve market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the automotive brake valve market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Wabtec Corporation, Master Power Brakes, PARKER HANNIFIN CORP, Mico Inc. (a Wabco Company), and Knorr-Bremse AG, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the automotive brake valve market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the automotive brake valve market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
- Industry Publications
- Automotive World
- UK Media & Events
- Industry Associations
- AIA Canada
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
Automotive Brake Valves Market Reports - Table of Contents
11. Assumptions and Acronyms Used
12. Research Methodology