Global Automotive Proportioning Valves Market Analysis by Type, Application, Sales Channel, Region and segments forecast till 2033

Market Overview

The Global automotive proportioning valves market is presently worth USD 195.1 million, and is anticipated to grow to a value of more than USD 285.4 million by 2033, with a growing CAGR (compound annual growth rate) of over 11.8% from 2023 to 2033.

Report Scope

A spring-loaded mechanical device used in a vehicle's brake system to reduce the brake fluid pressure applied to each axle set of the brake system is known as an automotive proportioning valve. It has been intended to adapt during braking. Automotive proportioning valves are used in the brake system of a vehicle to minimise the amount of brake fluid pressure applied to each axle set. Automotive proportioning valves connect the master cylinder to the rest of the braking system and are a crucial component of the brake system. The proportioning valve in an automobile is a spring-loaded device. Automotive Proportioning Valves help to modify the brake force distribution between the rear and front wheels, preventing the rear tyres from locking up.

Electronic brake proportioning's rising use in today's technologically advanced vehicles is expected to fuel the industry growth. Automotive proportioning valves are mostly utilised in the brake system of a vehicle to reduce the brake fluid pressure applied to the axle set. Proportioning valves are an important part of the brake system since they help connect the rest of the brake system to the master cylinder. Automotive proportioning valves are expected to grow at a quick rate, as they assist in altering the brake force distribution between the front and rear wheels. These, in turn, help to keep the back tyres from locking up. Automobile proportioning valves are now made from a variety of materials by automakers. The widespread availability of these valves comprised of carbon steel, copper, stainless steel, aluminium, cast iron, and brass is expected to fuel market growth.

Furthermore, the ability of automobile proportioning valves to maintain perfect balance in the event of emergency braking while driving at a high speed is expected to drive growth. These valves also allow drivers to reposition the car to avoid nose diving and to settle into a spot evenly and without jerks.

Drivers: Growing popularity of an Electronic Brake Proportioning EBP will drive the market expansion

During the forecast period, the rising adoption of Electronic Brake Proportioning EBP, particularly in new model vehicles, is expected to be the major factor bolstering the growth of the worldwide Automotive Proportioning Valves market. Late-model cars with advanced technologies like traction control, anti-lock brakes, and electronic stability avoid using a mechanical proportioning valve, instead relying on the ABS system to manage the proportioning, resulting in enhanced control and stability.

As of 2021, the vast majority of new vehicles produced come equipped with electronic brake systems (EBS), which includes electronic brake proportioning (EBP). n developed markets such as Europe, North America, and Japan, it is estimated that over 90% of new vehicles come equipped with EBS and EBP. In emerging markets such as China and India, the adoption rate is increasing rapidly but may not yet be as high as in developed markets. Overall, it is clear that the demand for EBS and EBP is strong and continues to grow as the technology improves and becomes more widely adopted.

Challenges: Increasing demand for electric and hybrid vehicles

One major challenge in the automotive proportioning valves market is the increasing demand for electric and hybrid vehicles. As electric and hybrid vehicles become more popular, the traditional hydraulic brake system is being replaced with regenerative braking systems that use electric motors to slow down the vehicle and convert the kinetic energy into electrical energy, which can be used to recharge the battery. Furthermore, the increasing adoption of advanced driver assistance systems (ADAS) is also affecting the demand for proportioning valves. ADAS systems include features like automatic emergency braking, lane departure warning, and adaptive cruise control, which rely on sensors and actuators to control the vehicle's braking system. As these systems become more prevalent, the need for traditional hydraulic brake systems, and proportioning valves, may further decrease.

Trends: Growing customer’s traction as well as increasing government focus towards the market

In the global automotive proportioning valves market, increasing customer interest as well as increased government focus on electric vehicles is projected to be a continuous trend gaining pace. One of the primary factors driving demand for electric vehicles throughout the projected period is the rapidly developing electric vehicle market, which is expected to see manufacturing prices for all types of electric vehicles reduce. Governments around the world, particularly in developed countries, have recognized the negative impact of automotive emissions on the environment and human health. To address this issue, they have been implementing stricter emission standards, which require automakers to reduce the amount of harmful pollutants that their vehicles emit.

In the United States, the Environmental Protection Agency (EPA) has implemented a series of increasingly strict emission standards for vehicles, known as the Tier 1-3 standards. These standards have helped to drive the adoption of proportioning valves and other technologies that help to reduce emissions. Similarly, in Europe, the European Union (EU) has implemented a series of emission standards, known as the Euro standards, which have also helped to drive the adoption of proportioning valves and other technologies in the automotive industry.

Type Insights

The Master cylinder-mounted automotive proportioning valve segment holds the largest Automotive proportioning valves Market share, and is projected to grow more in the coming future years. In an automotive braking system, the proportioning valve is responsible for regulating the pressure and distribution of brake fluid to the wheels. This helps ensure that the brakes operate smoothly and safely, preventing wheel lock-up and other potentially dangerous situations. A master cylinder-mounted proportioning valve is a type of proportioning valve that is installed directly onto the master cylinder of the vehicle. This placement allows for easy integration with the existing brake system and provides accurate control over brake fluid pressure.

Application Insights

The Passenger cars segment is slated to generate more than 65% of Automotive proportioning valves Market share over the stipulated timeline. According to data from the International Organization of Motor Vehicle Manufacturers (OICA), global passenger car sales in 2020 amounted to approximately 64.5 million units. This represents a significant decrease compared to the previous year due to the COVID-19 pandemic's impact on the automotive industry. Furthermore, the increasing emphasis on safety features and the rising adoption of advanced driver assistance systems (ADAS) in modern vehicles are likely to drive the demand for automotive proportioning valves and other brake components in the coming years.

Sales Channel Insights

The Original equipment manufacturer (OEM) segment is likely to showcase considerable growth with more than 60% of the market share in the Automotive proportioning valves Market over the estimated timeframe. Automotive proportioning valves are increasingly being demanded by Original Equipment Manufacturers (OEMs) for various reasons. They contribute to improving the overall braking performance and safety of a vehicle by distributing the braking force evenly between the front and rear wheels.

Regional Insights

In term of geographic region, the Global automotive proportioning valves market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Asia-Pacific dominates the market with the highest market share. Presence of potential market leaders in the locale is one of the main considerations contributing toward the development of the Asia-Pacific market. The automotive proportioning valves market in India is expected to grow significantly over the next few years. The market is driven by various factors, including the increasing demand for commercial vehicles, the growing awareness of vehicle safety, and the implementation of stringent government regulations related to vehicle safety.

The demand for commercial vehicles in India is increasing due to the growth of the e-commerce industry and the expansion of the logistics and transportation sector. This has led to an increase in demand for proportioning valves, as they are essential in improving the braking performance and safety of heavy-duty vehicles. Furthermore, the Indian government has implemented stringent regulations related to vehicle safety, such as the Bharat New Vehicle Safety Assessment Program (BNVSAP) and the upcoming Bharat Stage VI (BS VI) emission norms. These regulations mandate the installation of proportioning valves in vehicles, further driving the demand for these valves.

Competitive Analysis

Major players competing in Global automotive proportioning valves market are General Motors, ACDelco, Knorr-Bremse AG, Emmerson Electric Co., Wilwood Engineering, Inc., Heidts Automotive LLC, Veoneer-Nissin Inc, IBARA SEIKI CO., LTD., Baer Brakes, and Baer Inc.

Global Automotive proportioning valves Market- Segmental Analysis

Based by type

• Master cylinder-mounted automotive proportioning valve

• Load sensing automotive proportioning valve

• Combination valve-mounted automotive proportioning valve

Based by application

• Passenger cars

• Commercial vehicles

Based by sales channel

• Original equipment manufacturer (OEM)

• Aftermarket

Why to buy this Report?

The report provides quantitative and qualitative aspect for Global Automotive proportioning valves Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both Typeion and consumption point of view at the regional and country level. Key Factors considered within the report scope are Typeion capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Global Automotive proportioning valves Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

•             Business Model

•             Typeion Capacity, Revenue, Sales, Gross Margin

•             Key Business Strategy

•             SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the Card Type in taking a key decision within the business:

•             Company Share Analysis from 2020-2022

•             Company Analysis by Revenue and Sales

•             Company Type Capacity, Gross Margin

•             Company Share Analysis by Card Type/Card Type

•             Company Share Analysis by Type/Specification