Uploaded on Jul 10, 2020
Automotive Brake Valve Market is Projected to Grow at 5% CAGR by 2025 : Pune, India, November 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Automotive Brake Valve Market.
Global Automotive Brake Valve Market Research Report|COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2025
Global Automotive Brake Valve Market Research Report- Forecast till 2025
Global Automotive Brake Valve Market
Summary
Automotive Brake Valve Market is Projected to Grow at 5% CAGR by 2025 :
Pune, India, November 2019, MRFR Press Release/- Market Research Future has
published a Half-Cooked Research Report on the Global Automotive Brake Valve
Market.
Global Automotive Brake Valve Market Overview
The braking is the most important system in a vehicle from a safety. Numerous brake valves are
used in an air brake system that either apply or release air from the brakes and work together to
ensure safe braking and control applications. A vehicle with rear and front sets of brakes
comprise a pair of inversion valves for supplying air piloting pressure to the brake control valves
and a pair of brake control valves for communicating a source of pressurized fluid to control the
brakes, individually.
Dual circuit brake valves increase and decrease the pressure in the brake cylinders of the motor
vehicle. The brake valves are delivered with level actuations, running plates, and tappets. As
both the primary and secondary circuits lie among each other, the failure of one circuit does not
affect the other one.
The increasing concern of vehicle OEMs to provide optimum safety with better braking systems
is expected to drive the global automotive brake valve market during the forecast period.
Furthermore, innovations and advancements, such as the anti-lock braking system, electronic
stability control, and dynamic stability control in the global automotive brake valve market are
expected to create opportunities for the players operating in the global market during the forecast
period.
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market-8540
Segmentation:
Based on product type, the pressure-differential brake valves segment is projected to be the
dominant segment throughout the forecast period due to its ability to modulate pressure to the
rear brakes under heavy loading. However, the combinational segment is expected to register
substantial growth owing to uniform pressure capability throughout the braking system.
Based on material type, the copper segment is projected to witness the highest growth in the
global market during the forecast period.
Based on vehicle type, the passenger car segment is expected to hold the largest share during
the study period due to the growing adoption of brake valves in economical and mid-size cars
and the significant fleet size of passenger cars.
Based on sales channel, the aftermarket segment is projected to witness substantial growth
during the review period.
Regional Analysis:
In terms of region, the global market for the automotive brake valve is segmented into Europe,
North America, Asia-Pacific, and the rest of the world. Asia-Pacific is estimated to hold the
highest market share during the forecast period owing to stringent government regulations for
vehicle and pedestrian safety. The rate of adoption of automotive brake valves across the region
has witnessed tremendous growth over the last few years.
North America and the rest of the world are expected to register substantial growth in the
automotive brake valve market during the forecast period owing to increasing commercial vehicle
production, longer lifespan of vehicle, and maintenance and repair of vehicles.
In Europe, the presence of Germany, which is the largest automotive brake valve market, and
the UK and Italy, which are other major countries are contributing to the growth of the market in
the region.
Key Players
The key players operating in the global market are Federal-Mogul Holdings Corp. (US), Eaton
Corporation Plc (Ireland), WABCO (Belgium), Sundoz Co., Ltd (Taiwan), MAHLE GmbH
(Germany), Continental Automotive GmbH (Germany), EBS Aftermarket Group
Limited (UK), Knorr-Bremse AG (Hungary), Alfmeier precision SE (Germany), and Poclain
Hydraulics (France).
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market-8540
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