The Valve Seat Inserts Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Valve Seat Inserts Global Market Report 2024, The valve seat inserts market size is expected to see steady growth in the next few years. It will grow to $7.20 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to advances in material science, shifting consumer preferences, changes in raw material prices, availability, the growth of electric vehicles, and industry collaborations. Major trends in the forecast period include the adoption of additive manufacturing, focus on lightweight materials, integration with engine design, digitalization and simulation, and continued focus on surface treatments.
The increasing demand for passenger cars and commercial vehicles is expected to propel the growth of the valve seat insert market going forward. Passenger cars refer to automobiles designed primarily for the transportation of passengers rather than goods. Commercial vehicles are automobiles used for transporting goods or passengers for business purposes. The demand for passenger cars and commercial vehicles is rising for several reasons, including economic growth, urbanization, and regulatory changes. Valve seat inserts are integral to both passenger and commercial vehicles by improving durability, enhancing performance, aiding in heat management, facilitating maintenance, and supporting emissions control. Their use ensures reliable engine operation across various applications and operational conditions. For instance, in October 2022, according to a report released by the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts, an Australia-based government department, in Australia, the number of registered passenger vehicles rose from 14.86 million in 2021 to 15.08 million in 2022. Additionally, registrations for light commercial vehicles increased from 3.66 million to 3.82 million over the same period. Therefore, the increasing demand for passenger cars and commercial vehicles is driving the growth of the valve seat insert market.
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The valve seat inserts market covered in this report is segmented –
1) By Material Type: Iron Alloys, Steel, Nickel-Based Alloys, Other Material Types
2) By Engine: Gasoline Engine, Diesel Engine, Gas Engine
3) By Sales Channel: Original Equipment Manufacturer, Aftermarket
4) By End Use: Automotive, Off-Highway, Two-Wheelers, Marine, Industrial Machinery
Major companies operating in the valve seat insert market are developing innovative products, such as valve seat cutter blades, to make cutting hardened and multi-alloy valve seat materials easier. Valve seat cutter blades are tools used in engine maintenance and machining processes. These blades are typically part of a valve seat cutting tool set used to re-machine or cut valve seats in cylinder heads. For instance, in July 2021, Goodson, a US-based provider of specialized tools, launched the Saber Tooth Valve Seat Cutter Blade. It is designed to enhance valve seat cutting with a special alloy that eases the process on hardened and multi-alloy materials. These blades offer up to 30% longer life. The transition to SABER TOOTH blades will begin with seat cutter blades, identifiable by a sticker with the SABER TOOTH logo on the packaging.
The valve seat inserts market report table of contents includes:
1. Executive Summary
2. Valve Seat Inserts Market Characteristics
3. Valve Seat Inserts Market Trends And Strategies
4. Valve Seat Inserts Market – Macro Economic Scenario
5. Global Valve Seat Inserts Market Size and Growth
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32. Global Valve Seat Inserts Market Competitive Benchmarking
33. Global Valve Seat Inserts Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Valve Seat Inserts Market
35. Valve Seat Inserts Market Future Outlook and Potential Analysis
36. Appendix
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