Automotive Valvetrain System Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024

The automotive valvetrain system market size has the potential to grow by USD 15.87 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (camshaft, valves, pushrods, rocket arms, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BorgWarner Inc., Delphi Technologies Plc, Eaton Corp., MAHLE GmbH, MS Powertrain Technologie GmbH, Musashi Seimitsu Industry Co. Ltd., Rheinmetall AG, Schaeffler AG, Tenneco Inc., and thyssenkrupp AG.

Market Overview

Market Competitive Analysis

The market is characterized by high competition due to the presence of many well-established international vendors, making it fragmented. Musashi Seimitsu Industry Co. Ltd., Rheinmetall AG, Schaeffler AG, Tenneco Inc., and thyssenkrupp AG are some of the major market participants. These vendors are focusing on investing in the development of advanced valvetrain component designs. Although the rising preference for high-performance vehicles will offer immense growth opportunities, the increasing demand for battery electric vehicles will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this automotive valvetrain system market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive valvetrain system market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• BorgWarner Inc.
• Delphi Technologies Plc
• Eaton Corp.
• MAHLE GmbH
• MS Powertrain Technologie GmbH
• Musashi Seimitsu Industry Co. Ltd.
• Rheinmetall AG
• Schaeffler AG
• Tenneco Inc.
• thyssenkrupp AG

Automotive Valvetrain System Market: Segmentation by Region

APAC was the largest automotive valvetrain system market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The high demand for automobiles, the growing demand for luxury vehicles, and the implementation of regulatory norms on vehicle safety and vehicular emissions will significantly influence automotive valvetrain system market growth in this region.

Almost 64% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive valvetrain systems in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Automotive Valvetrain System Market: Segmentation by Product

The growth of the camshaft segment of the global valvetrain system market primarily depends on the sales of automobiles, especially in emerging countries. Cast iron camshafts dominate the market share due to their high penetration rate in automobiles, especially in emerging countries such as India and China in APAC. The high demand for cast iron camshaft is attributed to the large market share of the passenger and commercial vehicle segments.

The automotive valvetrain system market share growth by the camshaft segment will be slower than the growth of the market by the rocket arms segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive valvetrain system market size.

Automotive Valvetrain System Market: Key Drivers and Trends

The growing preference for high-performance vehicles will be one of the major factors that will drive the global automotive valvetrain system market growth during the forecast period. High-performance vehicles such as  SUVs and crossovers are increasingly being used for long-distance travel and touring as they offer high power and torque levels. These vehicles need more cylinders to provide the required power and torque. The rising number of cylinders has increased the use of extra components in valvetrain systems to back up the functioning of cylinders. The growing demand for automotive valvetrain systems is expected to drive the market growth at a CAGR of almost 4% during the forecast period.

The increased preference to produce large engines is one of the key automotive valvetrain system market trends. Major vehicle manufacturers such as Volkswagen, Renault, and General Motors are looking at removing certain compact passenger models with downsized engines from their product range to introduce a fleet that follows the newest emissions and testing procedures. Changes in engine construction models will have a substantial impact on the model of automotive valvetrain systems used in vehicles.

Valvetrain System Market: Key Highlights of the Report for the Forecast Period 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive valvetrain system market growth during the next five years
• Precise estimation of the automotive valvetrain system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive valvetrain system industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive valvetrain system manufacturers