Automotive Brake Valve Market Size Overview:
The Automotive Brake Valve Market Size reveals that
there is a possibility for the market to cross a valuation worth USD 5 billion
during the forecast period covering 2022 to 2030. Market Research Future (MRFR)
declared that the market stands to register a CAGR of 5% during the forecast
period of 2022 to 2030.
During this period, the market will
gain from factors like rising inclusion of technologies in the automotive
sector, surging demand for better safety measures, imposing government
measures, and others are expected to boost the global market. In addition, the
market would gain from collaboration and hike in investment for the research
sector.
Automotive Brake Valve Industry
News
In July 2020, BEKA’s launched a new
motorized hydro pneumatics valve that can activate trailer’s brakes in
difficult situations to avoid any potential danger. In cases like slowing and
stopping a tractor that is pulling a trailer can create a crisis as hydrostatic
tractor transmissions can drastically slow the tractor without any operation of
the brake pedal. This means the trailer’s brakes would stop working. This could
create scope for BEKA to percolate across companies where end users can easily
profit from such a technical advantage.
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Report of Automotive Brake Valve Size
Automotive Brake Valve Market Size
Segmentation:
The study covering details of the
global Automotive Brake Valve Market
Size reveals segments based on vehicle type, material type, product type, and
sales channel. MRFR analysts used these to gather information, which can then
help in the proper charting of routes.
By product type, the study of the
global Automotive Brake Valve Market
Size includes segments like pressure differential, metering, hydraulic,
combinational, proportionating, and others. The pressure differential segment
has the opportunity to take charge of the global Automotive Brake Valve Market Size.
By material type, the review of the
global Automotive Brake Valve Market
Size includes segments like copper, brass, steel, and others.
By sales channel, analysts have
discussed the global Automotive Brake
Valve Market Size on the basis of OEM and aftermarket.
Automotive Brake
Valve Market Size Competitive Landscape:
Sundoz Co., Ltd (Taiwan), MAHLE GmbH
(Germany), Knorr-Bremse AG (Hungary), WABCO (Belgium), Federal-Mogul Holdings
Corp. (USA), EBS Aftermarket Group Limited (UK), Alfmeier precision SE
(Germany), Continental Automotive GmbH (Germany), Eaton Corporation Plc (Ireland),
and Poclain Hydraulics (France) are companies with significant market coverage.
This is happening as these companies are investing much in tactical moves to
gain more from the Automotive Brake
Valve Market Size.
Automotive Brake Valve Market Size Regional
Analysis:
Increasing fleet size, rising
production of vehicles, and impact of the transportation sector are expected to
help Asia Pacific retain its market dominance in the coming years. China, South
Korea, Japan, India, and others will provide the needed thrust to the market.
During the COVID-19 crisis, production
of automotive came to a grinding halt as lockdowns imposed across countries
prevented factories from operating with full force. In fact, it also affected
the supply chain in notable ways. Such a pummeling effect from several sides
forced the industry to face substantial financial crunch, owing to which its
associated industries also got impacted. However, times are changing and
countries have started normalizing things, which would be beneficial for the
industry.
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