The global automotive engine valve market size accounted for USD 5,460 million in 2024 and is expected to exceed around USD 8,560 million by 2034, growing at a CAGR of 4.6% from 2024 to 2034.
The automotive engine valve market is growing as car manufacturers need better, more reliable parts to make engines run smoothly and efficiently. Engine valves are small but incredibly important parts of a car’s engine. They control the flow of air and fuel into the engine and let out the exhaust gases. This helps the engine work properly and reduces fuel waste. As drivers and manufacturers look for cars that use less fuel and produce fewer emissions, the need for high-quality engine valves is on the rise. With the rise of electric vehicles and hybrid cars, the automotive engine valve market is also seeing changes. While EVs don’t use traditional engines, there is still a strong demand for engine valves in hybrid vehicles, which use both electric and gas-powered engines.
Restraints in the automotive engine valves market are the increased use of electric cars, inflation, the rising cost of raw materials, and increased technical problems associated with valves, such as heating. As automakers continue to focus on fuel efficiency and meeting environmental standards, the automotive engine valve market is expected to grow even more.
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| Stats ID: | 7836 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Stats ID: | 7836 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
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