ID: MRFR/AM/7068-HCR | February 2021 | Region: Global | 111 pages
An automobile has to be driven on various road surfaces and extreme conditions. Therefore, the braking system of the vehicle is the most critical aspect, which allows the vehicle to avoid noise diving and settle evenly without any jerk.
Automotive brake valves, also known as load-sensing valves, calculate the amount of brake fluid pressure required to slow the rear wheels safely using the weight in the rear of a vehicle. Automotive brake valves, along with pushrods, need to be kept in good condition, as pushrods physically connect the brake pedal to the master hydraulic brake cylinder, which enhances the effectiveness and response time of the brake system. Automotive brake valves convert the pressure applied to a brake pedal into an essential force required for stopping a vehicle.
Different valves such as metering, residual, combination, and adjustable proportioning valve are used in the conversion from drum brakes to disc brakes and brake systems in general. The metering valve helps in maintaining the proper balance through controlling fluid flow control from the master cylinder causing rear drum brakes to engage just before front disc brakes. Residual valves help maintain constant pressure on the brake system. A combination valve includes a metering valve, a proportioning valve, and a pressure differential switch to maintain pressure and minimize rear wheels lockup.
The Global Automotive Brake Valve Market size is projected to reach approx. USD 5 Billion by 2025 from an estimated USD 498 Million, with 5% CAGR from 2019 to 2025.
The growing focus of automobile manufacturers on designing braking systems with optimum efficiency to meet stringent road and vehicle safety norms is expected to drive the growth of the global automotive brake valve market. Furthermore, the advancements in a braking system such as electronic stability control, dynamic stability control, and ABS features is expected to result in the significant adoption of automotive brake valves, driving the growth of the global automotive brake valve market.
Rise in automotive production and increase in road repair and maintenance activities in the developing nations to provide immense opportunities in the global automotive brake valve market over the forecast period.
The Global Automotive Brake Valve Market is segmented by product type, material type, vehicle type, sales channel, and region.
By product type, the global automotive brake valve market is classified into metering, pressure differential, proportionating, combinational, hydraulic, and others. The pressure differential segment is expected to dominate the global automotive brake valve market.
By material type, the global automotive brake valve market is segmented into steel, copper, brass, and others.
By vehicle type, the global automotive brake valve market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles.
By sales channel, the global automotive brake valve market is divided into OEM and aftermarket.
The global market for automotive brake valves is expected to grow at ~5% CAGR during the forecast period.
The global market is expected to witness high growth during the forecast period owing to the need for improved fuel efficiency and stringent emission regulations driving automotive brake valve industry sales.
By region, the global automotive brake valve market is segmented into Asia-Pacific, North America, Europe, and the rest of the world. Asia-Pacific holds the largest share of the automotive brake valve market due to significant share in the global vehicle production and fleet size. Europe, followed by North America, are the next two major markets in the global automotive brake valve market and are expected to register a significant growth rate.
The Key Players operating in the Global Market include Knorr-Bremse AG (Hungary), WABCO (Belgium), Sundoz Co., Ltd (Taiwan), EBS Aftermarket Group Limited (UK), Alfmeier precision SE (Germany), Federal-Mogul Holdings Corp. (USA), Eaton Corporation Plc (Ireland), Continental Automotive GmbH (Germany), MAHLE GmbH (Germany), and Poclain Hydraulics (France).
|Market Size||2025: USD 5 Billion|
|CAGR||5% CAGR (2020-2027)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Product Type, Material Type, Vehicle Type, Sales Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Knorr-Bremse AG (Hungary), WABCO (Belgium), Sundoz Co., Ltd (Taiwan), EBS Aftermarket Group Limited (UK), Alfmeier precision SE (Germany), Federal-Mogul Holdings Corp. (USA), Eaton Corporation Plc (Ireland), Continental Automotive GmbH (Germany), MAHLE GmbH (Germany), and Poclain Hydraulics (France).|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The global automotive brake valve market is poised to record a market value of USD 5 Billion by 2025.
The global automotive brake valve market is maturing at a whopping 5 % CAGR over the review period of 2019 to 2025.
A few significant players of the global automotive brake valve market are
The HVC segment is expected to drive market growth over the review period.
The steel segment is likely to witness the highest demand in the automotive brake valve market.