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 bleed-off, 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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