Automotive Global Automotive Valve Market

“Automotive Valve Market : Global Demand Analysis & Opportunity Outlook 2024” The inlet/outlet valves or engine valves segment by product type is anticipated to grow at a significant pace over the forecast period. Increasing production of vehicle engines owing to rising demand for vehicles across the globe is a major factor which is fuelling the demand for inlet/outlet valves. Furthermore, increasing awareness amongst the population regarding preventing maintenance of vehicle is likely to increase the consumption of inlet/outlet valves over the forecast period. Global Automotive Valve Market is expected to grow at 4.3% CAGR during the forecast period. Moreover, the global automotive valve market is expected to reach at a valuation of USD 32.8 Billion by the end of 2024. The market is expected to expand on the back of growing automotive market across the globe. In addition to this, increasing sales of sport cars and swelling demand for high performance engines are some major factors which are strengthening the market of automotive valves. The global automotive valve market is segmented into material type such as steel, titanium, nickel alloy and others. Steel segment is expected to flourish during the forecast period. Steel and steel alloys are used in most of inlet valves and some of exhaust valves due to their high strength operating temperature. Moreover, selection of materials for automotive valves can vary according to type of engine and requirement. Request Report Sample @ https://www.researchnester.com/sample- request/2/rep-id-348 Increasing Average Life of Vehicles Continuous advancements in automotive industry are increasing the vehicle lifespan. Further, increasing average age of vehicles is increasing the demand for automotive replacement parts such as automotive valves, automotive filter and others. Moreover, increasing number of vehicles is a major factor which is likely to increase the demand for automotive valves in future. Copyright © Research Nester www.researchnester.com

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