Global Automotive Solenoid Valves Market, By Vehicle Type (Passenger vehicle, Light commercial vehic

Published Date: | Report Code : AT1929734

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Automotive solenoid valves are conventional elements used in most standard cars for apps such as gate locks, wheel locks, starter motors, oil valve regulate, and ABS, to mention a few. As, it is quick in service and appropriate for electronic tasks such as gate lock and ABS, the solenoid valve also gains priority over other valves. A gradual change from standard mechanical actuators to electromagnetic actuators like wastegate and VGT is anticipated to occur on the industry.

Automotive solenoids are anticipated to improve the characteristics of the products, and their use in the automotive industry would lead in greater engine performance, small emissions, enhanced automation, and implementation of safety and security. During the forecast period, these variables are anticipated to boost the requirement for solenoid valve in the worldwide market for automotive valves.

Hybrid Electric Vehicle (HEV) records for the biggest percentage of electric vehicle kinds (BEV, HEV and PHEV) in the Automotive Valves Market. It is projected that during the forecast period it will proceed to dominate the Automotive Valves Market. PHEV is also expected to develop at the largest CAGR in terms of development, accompanied by BEV and PHEV, respectively. Increasing public funding for sustainable cars drives requirement for electric vehicles, which in turn increases requirement for automotive parts like actuators and valves.

Key Factors Impacting Market Growth:

  • Advancements in manufacturing technologies

  • Increased use of solenoid valves across various industries

  • Its ability to provide high work efficiency

  • High price of raw materials

Key Developments:

  • In June 2018, KYB Corporation worked with a manufacturer of automotive components and created a new company called KYB Manufacturing do Brasil Fabricante de Autopecas S.A. In Brazil, its automotive solenoid business is to be strengthened in the Latin America region.

  • In June 2018, ZF Friedrichshafen AG launched a joint venture with e. GO Moove GmbH to manufacture independent and electric movers, which is anticipated to expand automotive solenoid assembly in fresh vehicles.

  • In 2017, Magneti Marelli S.p. A. announced the development of an automotive solenoid manufacturing plant in Morocco in 2019. The firm also reached an agreement with the Moroccan State valued US$ 41.8 million for this purpose. This business deal's strategic goal is to meet the requirement of North African customers. The company also announced that it will manufacture 6 Mn units annually after the establishment of this plant.

  • In 2017, thyssenkrupp AG announced the opening of a fresh manufacturing plant for springs and stabilizers by creating an expenditure of US$ 36 million. The objective of this project is to meet the requirement from Hungary, Europe for automotive parts

Regional Analysis:

The regional outlook section for the automotive solenoid valves market provides the region-wise market estimations and forecasts along with related market dynamics. In addition, this section provides information about scenarios in major segments including country, type, applications, and others in the automotive solenoid valves market for a particular region. Major regions considered in the study include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. The automotive sector has witnessed steady growth in the recent years owing to market recovery from recent slowdowns as well as technological transitions with regards to vehicle technology. North America and Western Europe have been established markets for the automotive sector with the presence of major companies operating in the market along with comparatively short product life cycles. Also, being early adopters of latest technologies, these regions have been witnessing major technology transitions towards green fuels and related infrastructure. Major countries in these regions includes US, Germany, France, UK, Italy, Canada, Spain, and others. 

Asia Pacific region is expected to register fastest growth during the forecast period owing to the presence of key emerging economies with a substantial market demand. Some of the major economies in the region include China,  India, South Korea, Japan, and so on. Major companies operating in the market have made strategic developments to cater the market demand in the region as well as increase the market presence. Middle East and Eastern Europe are estimated to be potential markets automotive solenoid valves with growing demand from countries including UAE. Saudi Arabia, Qatar, Russia, and Turkey. Rest of World consisting of South America and Africa is estimated to be emerging region for the automotive solenoid valves market with high demand from countries including Brazil, South Africa, Argentina, and so on. 

Companies Covered: Johnson Electric Holdings Limited, Flex Ltd., DENSO CORPORATION, Robert Bosch GmbH, Mitsubishi Electric Corporation, BorgWarner Inc., TLX Technologies, Hitachi, Ltd., G.W. Lisk Company, Continental AG, Littlefuse, Inc., Bitron Industrie S.p.A, ASCO Valve, Inc…

Market Segmentation:

By Vehicle Type:

  • Passenger vehicle

  • Light commercial vehicle

  • Heavy commercial vehicle

By Function:

  • Fluid Control

  • Gas Control

  • Motion Control

By Electric Vehicle Type:

  • BEV

  • HEV

  • PHEV

  • FCEV

By Valve Design:

  • 2-way valve

  • 3-way valve

  • 4-way valve

  • 5-way valve

By Application:

  • Engine control & cooling system

  • Fuel & Emission Control

  • Safety and Security

  • Body Control & Interiors

  • HVAC

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Vehicle

    • By Function

    • By Electric Vehicle Type

    • By Valve Design

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Vehicle

    • By Function

    • By Electric Vehicle Type

    • By Valve Design

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Vehicle

    • By Function

    • By Electric Vehicle Type

    • By Valve Design

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Vehicle

    • By Function

    • By Electric Vehicle Type

    • By Valve Design

    • By Application

  • Middle East

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Vehicle

    • By Function

    • By Electric Vehicle Type

    • By Valve Design

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Vehicle

    • By Function

    • By Electric Vehicle Type

    • By Valve Design

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the automotive solenoid valves market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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