Pune, India, November 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Automotive Brake Valve Market.
The braking is the most important system in a vehicle from a safety. Numerous brake valves are used in an air brake system that either apply or release air from the brakes and work together to ensure safe braking and control applications. A vehicle with rear and front sets of brakes comprise a pair of inversion valves for supplying air piloting pressure to the brake control valves and a pair of brake control valves for communicating a source of pressurized fluid to control the brakes, individually.
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Dual circuit brake valves increase and decrease the pressure in the brake cylinders of the motor vehicle. The brake valves are delivered with level actuations, running plates, and tappets. As both the primary and secondary circuits lie among each other, the failure of one circuit does not affect the other one.
The increasing concern of vehicle OEMs to provide optimum safety with better braking systems is expected to drive the global automotive brake valve market during the forecast period. Furthermore, innovations and advancements, such as the anti-lock braking system, electronic stability control, and dynamic stability control in the global automotive brake valve market are expected to create opportunities for the players operating in the global market during the forecast period.
Based on product type, the pressure-differential brake valves segment is projected to be the dominant segment throughout the forecast period due to its ability to modulate pressure to the rear brakes under heavy loading. However, the combinational segment is expected to register substantial growth owing to uniform pressure capability throughout the braking system.
Based on material type, the copper segment is projected to witness the highest growth in the global market during the forecast period.
Based on vehicle type, the passenger car segment is expected to hold the largest share during the study period due to the growing adoption of brake valves in economical and mid-size cars and the significant fleet size of passenger cars.
Based on sales channel, the aftermarket segment is projected to witness substantial growth during the review period.
The Global Automotive Brake Valve Market is expected to register substantial growth to reach approx. USD 41.9 Billion by the end of 2032, with a CAGR of 4.82% from 2022–2032.
Drivers: Automotive Brake Valve
Market Research Analysis
In terms of region, the global market for the automotive brake valve is segmented into Europe, North America, Asia-Pacific, and the rest of the world. Asia-Pacific is estimated to hold the highest market share during the forecast period owing to stringent government regulations for vehicle and pedestrian safety. The rate of adoption of automotive brake valves across the region has witnessed tremendous growth over the last few years.
North America and the rest of the world are expected to register substantial growth in the automotive brake valve market during the forecast period owing to increasing commercial vehicle production, longer lifespan of vehicle, and maintenance and repair of vehicles.
In Europe, the presence of Germany, which is the largest automotive brake valve market, and the UK and Italy, which are other major countries are contributing to the growth of the market in the region.
The key players operating in the global market are Federal-Mogul Holdings Corp. (US), Eaton Corporation Plc (Ireland), WABCO (Belgium), Sundoz Co., Ltd (Taiwan), MAHLE GmbH (Germany), Continental Automotive GmbH (Germany), EBS Aftermarket Group Limited (UK), Knorr-Bremse AG (Hungary), Alfmeier precision SE (Germany), and Poclain Hydraulics (France).
Scope of the Report
This study provides an overview of the global automotive brake valve market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and shares for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global automotive brake valve market by product type, material type, vehicle type, and region.
- Product Type
- Pressure Differential
- Material Type
- North America
- Rest of the World