The Global automotive proportioning valves market is presently worth USD 195.1 million, and is anticipated to grow to a value of more than USD 285.4 million by 2030, with a growing CAGR (compound annual growth rate) of over 11.8% from 2022 to 2030.
Global Automotive Proportioning Valves Market– Overview
Automotive proportioning valves are generally used in a vehicle’s brake system in order to lower the brake fluid pressure, which is applied to the axle set of the brake system.
The proportioning valves are mainly considered to be a significant component of the brake system, which helps in connecting the rest of the brake system to the master cylinder.
Also, the ability of automotive proportioning valves in order to maintain the perfect balance in case of emergency braking when the vehicle is in high speed has propelled the market growth.
Additionally, these valves have enabled the drivers to move the car to prevent nose diving and settle evenly at a spot without any jerks.
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Key market trends- Growth determinants and challenges
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth is the high demand for passenger cars over the forecast period. Also, the rising production of automotive cars have driven the market growth.
Additionally, the high demand for low emission commuting and increasing investments by regulatory bodies in the development of electric vehicle charging stations have pushed the sales in the market over the forecast period.
The reduced cost of electric vehicle batteries that will lower the overall cost of the vehicle has also boosted the demand for novel components that includes automotive proportioning valves over the forecast period.
On the flipside, the rising installation of Electronic Brake Proportioning in new vehicles have hampered the market growth over the forecast period.
Segmental analysis of the Market
Based on Product type
- Master Cylinder-Mounted Automotive Proportioning Valves
- Load Sensing Automotive Proportioning Valves
- Combination Valve-Mounted Automotive Proportioning Valves
Based on Vehicle type
- Conventional Vehicles
- Passenger Car
- Compact Cars
- Mid-size Cars
- SUVs
- Luxury Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Electric Vehicles
The passenger car segment has dominated the market growth over the forecast period.
Based on Sales Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
The OEM segment has dominated the market growth over the forecast period.
Asia Pacific is anticipated to amplify at a considerable CAGR
The global automotive proportioning valves market is segmented into 5 main regions namely, North America, Europe, Asia Pacific, Latin America, and Middle east and Africa. Among these, Asia Pacific has dominated the market growth over the forecast period. The strict norms that are associated with the ban of excessive polluting vehicles in developing countries is the main factor that has boosted the market growth in this region.
Competitive Landscape
Some of the prominent companies operating in the market are Wilwood Engineering, Inc., Knorr-Bremse AG, Baer Brakes, ACDelco, Veoneer-Nissin Inc., Emmerson Electric Co., IBARA SEIKI CO., LTD., and Heidts Automotive LLC.
Major questions answered in this report
- what is the growth rate of this market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
Key takeaways from the report
- This market is projected to expand at a CAGR of 11.8% over the forecast period.
- The high demand for passenger cars is aiding market progression.
- The Passenger cars segment is poised to expand significantly over the forecast period.
- Asia Pacific has dominated the regional market sphere over the forecast period.
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Report Scope:
Global automotive proportioning valves Market: Historical Years: 2018-2021
Global automotive proportioning valves Market: Forecast Years- 2022-2030
Global automotive proportioning valves Market 2022: USD 195.1 million
Global automotive proportioning valves Market 2030: USD 285.4 million
Global automotive proportioning valves Market CAGR: 11.8%
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