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The automotive crankcase ventilation system market size is estimated to grow at a CAGR of 6.63% between 2022 and 2027. The market size is forecast to increase by USD 474.31 million. The growth of the market depends on several factors such as the growing demand for SUVs and pick-up trucks, the need for frequent replacement of crankcase ventilation system valves, and the increasing focus of automotive OEMs on developing autonomous vehicles.
This automotive crankcase ventilation system market report extensively covers market segmentation by channel (OEM and aftermarket), application (PC, LCV, and HCV), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for SUVs and pick-up trucks is the key factor driving the growth of the market. Vehicles like SUVs and pick-up trucks are used for off-roading because of capabilities such as all-wheel drive, high ground clearance, and the availability of different driving modes. For example, four-wheel-drive SUVs like Toyota Fortuner, Toyota Land Cruiser, and Mitsubishi Pajero are used for dune bashing. Therefore, the sales of SUVs and pick-up trucks, particularly in North America and Europe, have been growing.
Also, Europe and APAC countries are also experiencing a rise in demand for SUVs compared with other types of PCs. For instance, the demand for pick-up trucks is increasing rapidly in Europe; the market share of pick-up trucks among LCVs in Europe increased to 12% in 2022, and the sales of SUVs further rose in 2022 compared to 2021. Thus, such factors will boost the growth of the automotive crankcase ventilation system market during the forecast period.
The emergence of additive manufacturing in automotive manufacturing is the primary trend shaping market growth. Additive manufacturing, also known as 3D printing, uses computer-aided design to produce the final project. As the technology manufactures the product by adding layers of raw materials, it uses the exact amount of the required material. This results in a reduction in raw material waste generation and cost. Moreover, the design and development of positively intricate components are possible with this technology.
Furthermore, the emergence of automation, data-driven technologies, and cloud computing in the automotive manufacturing industry are expected to drive the mass adoption of additive manufacturing technology in the future, thereby driving the growth of the global automotive crankcase ventilation system market during the forecast period.
The increasing availability of counterfeit products is a significant challenge that affects market growth. Counterfeit products are re-engineered copies of genuine components, which are made to look like and are sold as branded products. Counterfeit products do not always follow the manufacturing standards and regulations in a country. As automotive crankcase ventilation systems form an integral part of automotive vehicles, counterfeit crankcase ventilation systems will impact the overall safety of vehicles.
Moreover, the easy availability of counterfeit products has an adverse impact on the sales of the original components manufactured by OEMs. This, in turn, has a negative impact on the revenue generation of automotive crankcase ventilation system manufacturers. Therefore, the easy availability of counterfeit products will impede the growth of the global automotive crankcase ventilation system market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Crankcase Ventilation System Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The OEM segment is estimated to witness significant growth during the forecast period. The OEM segment includes the sales of automotive crankcase ventilation systems to automobile manufacturers. Automotive crankcase ventilation system manufacturers are Tier-1 suppliers in the automotive supply chain and supply their products directly to automobile manufacturers. Several automobile manufacturers produce and sell their own automotive crankcase ventilation systems under different brand names, such as Ford Motor Co. (Ford Motors), which markets them under the brand name Motorcraft, while General Motors Co. (General Motors) sells them under the name GMPartsDirect.
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The OEM segment was the largest segment and was valued at USD 564.27 million in 2017. The services offered by automotive crankcase ventilation system market players to automotive OEMs are low-profit, high-volume businesses as their profit margins are low, but their sales to automobile manufacturers are high. However, the increasing demand for automobiles in emerging economies is estimated to indicate positive prospects for the market, as the growing demand for passenger and commercial vehicles will fuel the demand for more automotive crankcase ventilation systems. This will drive the growth of the market in focus during the forecast period.
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APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The strong economic growth in countries like China, Japan, South Korea, and India has made APAC the fastest-growing and largest automotive market globally.
Moreover, in APAC, China is one of the major automotive markets. The country is shifting its focus to hybrid electric vehicles (HEVs) and BEVs with the support of government subsidies. Furthermore, this region is also a prime offshore location for OEMs, encouraged by lucrative government incentives as well as the easy availability of resources. Hence, some of the major global OEMs are establishing their production plants in APAC. Therefore, the increase in the production of vehicles in countries such as India, China, Japan, Indonesia, and South Korea is significantly driving the growth of the automotive crankcase ventilation system market in APAC during the forecast period.
The demand for automotive crankcase ventilation systems in the region has declined due to the outbreak of the COVID-19 pandemic in 2020. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. In addition, India and China have the largest number of vehicles on the road, which in turn raises the demand for automotive crankcase ventilation systems in APAC. Thus, such factors are anticipated to boost the growth of the automotive crankcase ventilation system market in the region during the forecast period.
The automotive crankcase ventilation system market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Automotive Crankcase Ventilation System Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.63% |
Market growth 2023-2027 |
USD 474.31 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
6.46 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 41% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aisan Industry Co. Ltd., Changan Chongqing Chi Yang Auto Electric Co. Ltd., Cummins Inc., Hengst SE, MAHLE GmbH, MANN HUMMEL International GmbH and Co. KG, Pacific Power Group LLC, Parker Hannifin Corp., Polytec Holding AG, and Wartsila Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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