New report published by QY Research which offers insights on the global Automotive Water Valve market. The Automotive Water Valve market has been experiencing steady growth graph since past years. During the 2017-2025 timeline, the global market for Automotive Water Valve is expected to reflect a 15% increase in the revenue growth. In 2018 the global Automotive Water Valve market was valued at US$ 1,021 Mn and by the end of the assessment year (2025), it is estimated to touch a value more than US$ 1,154 Mn growing at a value CAGR of 1.8% throughout the period of forecast.
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Global Automotive Water Valve Market: Market Driver and Restraint
Automotive Water Valve market is driven by the increasing of automotive production. Automotive water valves are used to switch the different cooling water circuits on and off. Optimization of the interior temperature of the vehicle in conjunction with best possible control of the heat input and cooling of the engine and its partial circulatory systems are achieved through successful thermal management. In recent years, global automotive industry growing steady. The automotive production growth rate in Asia Pacific is rather fast, while the growth rate in North America and Europe is relative slow.
Global Automotive Water Valve Market: Key Takeaways
· The key differentiation strategy is to offer better products, in order to leverage opportunity arising from the rising demand for better product performance
· One of the major challenges for the Automotive Water Valve market is the automotive production growth rate declining. With the automotive market is more and more mature, the growth rate of automotive production is slowing down
Global Automotive Water Valve Market: Forecast by Type
This segment includes Traditional Type, Integrated Type and Electric Type. The average selling price for Electric valve is relatively high in global Automotive Water Valve market than other segments. Traditional valve segment is expected to remain dominant in the global Automotive Water Valve market throughout the forecast period with a revenue share of 68.41% in 2018. Traditional Type segment is expected to rank relatively high on the attractiveness index in the global Automotive Water Valve market by 2018 end, however, Integrated Type and Electric Type segment is expected to account for a relatively higher growth rate in the Automotive Water Valve market over the forecast period.
Global Automotive Water Valve Market: Forecast by Application
Application segment consists of Passenger Car and Commercial Vehicle. Among the market, Automotive Water Valve finds application for passenger car, which was estimated to account for a sales share of 73.62% within the entire industry segment in 2017.
Global Automotive Water Valve Market: Forecast by Region
North America, Europe, China, Japan, India, Southeast Asia and Rest of the World are the seven regions that are included in this report. Europe is the dominant market in the global Automotive Water Valve market in terms of value. The Europe Automotive Water Valve market was estimated to be valued at US$ 282 Mn in 2017 and is expected to expand at a value CAGR of 1.33% over the forecast period. The China market is expected to expand at a robust rate of 3.44% in terms of revenue over the forecast period due to the steadily increasing production of automotive in this region.
Global Automotive Water Valve Market: Key Players
Mahle, Borgwarner, Qufu TEMB, Hanon Systems, Nippon Thermostat, Stant, Kirpart, Woco Group, Vernet, Fuji Seiko, Inzi, Ningbo Xingci Thermal, TAMA and Gates are the key vendors included in this report.
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