Automotive Engine Valves Market – 2018 Global Industry Trend

On the basis of region, the market is segmented into America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market in the future because of increased demand of fuel-efficient systems in commercial vehicles. North America market is facing challenges in supplying automotive components due to an increase in the cost of resources. On the basis of Vehicle Type, the market is segmented into passenger vehicles and commercial vehicles. Valve manufacturers focus on commercial vehicles to improve overall market share. Manufacturers are trying to reduce the overall cost of commercial vehicles. The valve assembly system play a vital role in achieving the optimize cost of vehicle. Thus, the automotive engine valve market is expected to grow at approximately 4% CAGR during the period 2017 to 2023.