The automotive brake valve market was worth approximately USD 12,109 million in 2022. The market is projected to expand at a CAGR of 5.9% between 2023 and 2033, to reach USD 22,598.7 million by 2033. Over the course of the projected period, ABS modular valves and combination valves is projected to account for more than 43.3% and 21.1%, respectively.
Regionally, East Asia is expected to be the leading automotive brake valves market, with China dominating over the forecast period. In China, brake valves are installed in more than one-third of all automobiles. According to Future Market Insights (FMI), East Asia is projected to account for approximately 37.5% of the global automotive brake valve market share in 2023.
The growing integration of advanced technology in higher-class vehicles such as electronic stability control, electronic brake systems, and others is projected to drive the demand in the market.
Further, stringent regulations pertaining to driver and passenger safety are pushing the manufacturers to improve the efficiency of braking systems. This is predicted to surge the demand in the market.
Advancements in steel technology and the growing demand for safety, comfort, and convenience features in vehicles are propelling the growth in the automotive brake valve industry. As per FMI, the automotive brake valve industry is 13.7% of its global automotive brake components market.
| Attribute | Details |
|---|---|
| Global Automotive Brake Valve Market Size (2022A) | USD 12,109 million |
| Estimated Market Size (2023E) | USD 12,738.7 million |
| Projected Market Value (2033F) | USD 22,598.7 million |
| Value CAGR (2023 to 2033) | 5.9% |
| Collective Value Share: Top 3 Regions (2022A) | 79.1% |
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The market for automotive brake valves (ABV) expanded at a 5.2% CAGR from 2018 to 2022 and is projected to witness growth at 5.9% CAGR from 2023 to 2033. The demand for automobile brake valves is rising as preferences for a better experience of driving are growing.
Moreover, the rising trend among automakers to offer automotive brake valves as essential equipment in passenger cars for improved safety is the primary factor pushing growth. The market is anticipated to also benefit from burgeoning auto production and rising sales of luxury and high-end vehicles.
Due to increasing safety rules, leading automotive giants including Mercedes Benz passenger cars and Bosch are integrating electronic automotive brake systems (ABS) as a standard feature.
Additionally, the adoption of ABS has surged into light commercial vehicles such as trucks and buses. Hence, brake lines in automotive tires are equipped with a hydraulic brake valve while using ABS.
Further, the advent of different types of automotive brake valves was used in common brake systems, including antilock brake systems/anti-skid systems, pneumatic brake systems, and conventional brake systems.
Also, the integration of electrohydraulic halves in valve control of car engines to reduce fuel consumption is surging. As per the study, deployment of these halves in valve control reduces fuel consumption by approx. 20%.
On the back of these aforementioned factors, the automotive brake valve market is projected to grow by 1.7x by 2033. The global automotive brake valve market is predicted to reach a valuation of USD 22,598.7 million by the end of 2033.
Investments in Research and Development to Integrate Advanced Systems Fueling the Growth in the Market
The demand for advanced braking systems is predicted to surge amid rising preferences for higher-performing vehicles in the mainstream market. The ability of vehicles to function is improved by the integration of electronics into brake system components and the electrification of brake valve systems.
The employment of EBS, ESC, brake assistant, SSR, and ESP in car braking systems is one of the most recent developments.
Further, leading automotive companies are investing in research and development to develop advanced and automated anti-lock braking systems. Some of the manufacturers are using embedding high-quality automotive brake valves and brake systems in vehicles. They are also incorporating advanced technology to maintain the edge in the industry.
For instance, in April 2022, a leading player, Faraday Future Intelligent Electric Inc., collaborated with Brembo and announced it as the main supplier for the tech luxury FF 91 EV. Also, in March 2022, Continental announced the alliance with Japanese firm Nisshinbo Holdings.
This venture is projected to localize machining for valve blocks meant for Continental’s Electronic Brake Systems. The portfolio includes Electronic Stability Control (ESC) and Anti-lock Brake Systems (ABS) for passenger cars.
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Surging Light Commercial Vehicles Sales to Give Tailwinds to Automotive Brake Vales Demand
| Country | Market Share % (2023) |
|---|---|
| The United States | 15.3% |
In 2022, the United States had around 92.3% of the market share for automotive brake valves in North America. By 2033, the market is expected to have lost 170 BPS points. According to FMI, the United States market for automobile brake valves is projected to increase from USD 958.3 million in 2023 to USD 1,352.9 million in 2033.
The growing adoption of automotive brake valves in light commercial vehicles is the primary factor accelerating sales in the market. As per the study, the sales of the automotive brake valves market are expected to surge at 3% CAGR over the forecast period. The LCVs vehicle type made up 63.2% of the United States automotive brake valves market.
Sales of ABV’s in China to Outpace the Demand in Germany Amid Robust Car Production
| Country | Market CAGR % (2023 to 2033) |
|---|---|
| China | 6.1% |
| Country | Market Share % (2023) |
|---|---|
| Germany | 7.9% |
By 2033, revenue from the China automobile brake valve market is expected to register a CAGR of 6.1% over the forecast period.
In China, the two most common types of valves nowadays are prominent combination brake valves and ABS modular valves. ABS modular valves are gaining immense traction, especially in compact cars.
However, Germany's automotive brake valve market is anticipated to expand at a CAGR of 4.6% over the forecast period. Sales in the German market are projected to increase by 1.4x by the end of 2033.
Europe's automotive brake valve market was a significant market in 2022 as a result of a consistent rise in vehicle production throughout Europe.
Germany is anticipated to witness robust growth on the back of the expansion of the automotive industry and technological advancements in vehicles. Increased production of premium cars and SUVs, as well as higher sales, are both contributing to Germany's market expansion.
Sales of ABS Modular Brake Valve to Surge by 2x, Registering 5.8% CAGR between 2023 and 2033
In the automotive brake valve market, the ABS modulator brake valve, also known as the CAB (controller anti-lock brake) brake valve, is projected to generate an absolute incremental opportunity of USD 4,272.5 million.
However, combination brake valves are currently gaining popularity, expanding at a CAGR of 4.8% over the forecast period. These valves are typically employed in large commercial vehicles as well as compact cars that comprise electronic brake systems.
Demand for Automotive Brake Valves Made from Steel to Increase at 6.1% CAGR
According to Future Market Insights, over 33% of automotive brake valve sales are expected to come from the steel segment. Steel is capable of withstanding wear effects that could result from scoring, galling, and ablation.
Also, steel is resistant to thermal expansion, maintains its shape throughout a wide temperature range, has a large heat capacity, and good thermal characteristics, and is thermally conductive because braking produces a lot of waste heat.
The automotive brake valve market is projected to grow as a result of improvements in steel technology that give the material the capacity to withstand high contact pressures necessary for its functionality.
Also, increased demand for electric and hybrid vehicles globally and rising sales of premium and luxury cars in developing nations is anticipated to further boost the demand in the segment.
LCVs to Contribute Over 2 out of 5 Sales, Surpassing USD 4,459.4 million by 2033
LCVs are expected to account for more than 41.6% of the global market in 2023. Given the expansion of the logistics and e-commerce sectors, a rise in the demand for LCVs is projected to boost the market.
The market for light commercial vehicles (LCVs) is expanding as a result of the creation of new retail and e-commerce platforms that demand effective logistics due to rising urbanization.
Due to leading corporations adopting electric vehicles, the shift to electric mobility is leading to a rise in demand for light commercial vehicles. In collaboration with other significant businesses, large manufacturers are also providing a number of items to help transition the bulk of current engine-powered light commercial vehicles to electric over the predicted period.
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Leading players operating in the market are forming partnerships and aiming for mergers among distributors and suppliers to increase their product offerings. They are also focusing on establishing partnerships and joint ventures with foreign local companies to guarantee proper local marketing of the products and gain a competitive edge over rivals.
Leading Automotive Brake Valves Manufacturers - Poclain, Hitachi, and Parker Bet Heavily on Acquisitions and Research and Development.
Poclain Hydraulics entered the power braking business after purchasing the French firm R.I. and expanded its selection of overall systems by introducing the VB hydraulic braking valves. The VB valves allow Poclain to offer dynamic braking systems in addition to its integral brake motors and are particularly well suited for use on heavy vehicles that require strong braking performance.
In its current capacity as a fully owned subsidiary of the Poclain Hydraulics Group, R.I. specializes in the design and production of hydraulic valves. A full vehicle test track has been added to Poclain Hydraulics' research and development facilities in Verberie, France, enhancing its capacity to conduct customer vehicle tests.
As an industrial firm invested in the energy and digital revolutions, Poclain Group's strategy plan, which was first introduced in 2020 by Chief Executive Officer Frédéric Michelland, took a new turn in June 2022 with Poclain Group's admission into the capital of two high-tech companies.
For instance, the Slovenian business EMSISO d.o.o. is a leader in the design and manufacture of inverters and electrical machine controls.
Hitachi Automotive Systems, Ltd., a wholly-owned subsidiary of Hitachi, Ltd, announced in June 2019 to enter a put option agreement with Chassis Brakes International Group which is a leader in automotive safety solutions and is one of the world’s three largest manufacturers of automotive foundation brakes
Local Hitachi automotive business is supported by the company's international automotive research facilities, which are based in the United States (Automotive Products Research Laboratory, or APL), and Europe (Automotive Research and Development Laboratory, or ADL).
Technology advancement and Hitachi gadget adaptation to the US or EU engines and platforms require local Research and Development. New Hitachi ITS products have been used to create research vehicles, which have been successfully tested on US roadways.
Parker Hannifin Corporation, a USA company, has agreed to sell its Aviation Wheel Brake division to Kaman Corporation, the USA company that manufactures aircraft parts, for USD 440 million.
It is expected that the Aircraft Wheel Brake business is anticipated to increase its exposure to attractive aerospace and defense end markets with significant growth potential. The company is focusing on entering the aerospace and defense domains as an investment in military spending has increased manifold in recent years.
New Developments in the Market:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023E) | USD 12,738.7 million |
| Projected Market Value (2033F) | USD 22,598.7 million |
| Value CAGR (2023 to 2033) | 5.9% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value and 000’ Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa (MEA) |
| Key Countries Covered | The United States, Canada, Mexico, Brazil, Germany, France, Italy, Spain, BENELUX, the United Kingdom, Russia, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia & New Zealand, GCC Countries, South Africa, and Northern Africa. |
| Key Market Segments Covered | Product Type, Vehicle Type, Material Type, Sales Channel, and Region |
| Key Companies Profiled | Wabtec Corporation; Master Power Brake Valves; PARKER HANNIFIN CORP; Poclain; Continental AG; Hitachi Ltd; Denso Corporation; Delphi Automotive; Sundoz Co. Ltd; Alfmeier Precision SE; MAHLE Gmbh; Brake Valve Systems Inc; Qingdao MABCC International Trade Co., Ltd; Haldex; Mico Inc. (a Wabco Company); Knorr-Bremse AG |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
Research and development investments and integrate advanced systems, fueling growth.
China, Germany, and the United States are likely to witness high growth.
Advancements in steel technology drive growth in the market.
The market exhibited a 5.2% CAGR from 2018 to 2022.
Demand for automotive brake valves made from steel increases.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Combination Valves 5.2. Quick Release Valves 5.3. Metering Valves 5.4. ABS Modular Valves 5.5. Foot & Hand Valves 5.6. Parking Brake Valve Valves 5.7. Emergency Valves 5.8. Check Valves 5.9. Spring Valves 5.10. Proportional Valves 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 6.1. Compact Cars 6.2. Mid-Sized 6.3. Luxury Cars 6.4. SUVs 6.5. HCVs 6.6. LCVs 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 7.1. Steel 7.2. Copper 7.3. Brass 7.4. Alloys 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. OEM 8.2. Aftermarket 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Wabtec Corporation 19.2. Master Power Brake Valves 19.3. PARKER HANNIFIN CORP 19.4. Poclain 19.5. Continental AG 19.6. Hitachi Ltd 19.7. Denso Corporation 19.8. Delphi Automotive 19.9. Sundoz Co. Ltd 19.10. Alfmeier Precision SE 19.11. MAHLE Gmbh 19.12. Brake Valve Systems Inc 19.13. Qingdao MABCC International Trade Co., Ltd 19.14. Haldex 19.15. Mico Inc. (a Wabco Company) 19.16. Knorr-Bremse AG 20. Assumptions & Acronyms Used 21. Research Methodology
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Automotive Brake Valve Market
