Automotive Brake Valves Market : Dynamics, Segments, Size and Demand, 2017 - 2027

A driver being able to brake at optimum efficiency is one of the utmost concerns of any automobile manufacturers while designing a vehicle. This is important to ensure vehicle and road safety norms. With advancements in braking technology such as anti-lock braking, electronic stability control and dynamic stability control, the modern day automotive braking system has become more advanced, efficient and effective. Enormous research and development activities are being undertaken by automotive manufacturers and research institutions to enhance the performance of vehicles and meet cost optimization targets. Use of sensors, composite materials, control units and advanced vehicular configurations have led to various much needed developments in vehicle braking system. Automotive brake valves are one of the many vital components of the system. On application of brakes by a driver, these brake valves regulate pressure between front and rear wheels. Various kinds of automotive brake valves are employed in braking systems to ensure safe, efficient and effective performance of vehicles.

The family of automotive brake valves incorporates metering valves, proportionating valves, pressure differential valves (residual valves), hydraulic brake valves and combination valves. A metering brake valve helps in ensuring controlled flow of fluids from the master cylinder to braking ends. In case of front disc and rear drum brakes, proportionating brake valves help in compensating pressure at wheel ends and avoiding wheel lock-up. Pressure differential valves help in maintaining pressure in drum brakes, thereby helping brakes to engage efficiently and effectively. Hydraulic brake valves are usually deployed in vehicles installed with hydraulic power systems. Combinational brake valves can function as metering as well as pressure differential valves.

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Automotive Brake Valves Market Dynamics

The demand for automotive brake valves is directly proportional to production and sales of automotive across the globe. Stable automotive sales growth and consistent growth prospects in developed economies provide substantial support for growth in automotive components and ancillaries industry. Increasing automotive fleet on road and repair and maintenance activities across the globe present considerable aftermarket and replacement market potential for automotive brake valves suppliers. Improving OEM production rates also represent lucrative growth opportunities for brake valve manufacturers.

Elongated service life of components, utilization of advanced materials and advancements in drivetrain and chassis technologies are expected to drive innovation cycles in automotive brake valves market. Expansion of automotive production facilities and increasing preference for developing local sourcing capabilities are further expected to spur growth in the domestic automotive brake valves market. On the flipside, development of vehicle specific brake valves is expected to open wide opportunities for custom brake valve manufacturers.

Automotive Brake Valves Market Segmentation

Automotive brake valves market can be segmented in several ways, of which some of the prominent segmentation classes can be based on vehicle type, product type, material type, sales channel and region.

On the basis of vehicle type, the global automotive brake valves market can be segmented into:

• Passenger Cars

  • Compact

  • Mid Size

  • Executive

  • Luxury

  • SUV

• Commercial Vehicles

• Heavy Commercial Vehicles

• Off Road Vehicles

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On the basis of product type, the global automotive brake valve market can be segmented into:

• Metering brake valve

• Proportionating brake valve

• Pressure differential brake valve

• Combinational brake valve

• Hydraulic brake valve

On the basis of material type, the global automotive brake valve market can be segmented into:

• Steel

• Copper

• Brass

• Other Materials

On the basis of sales channel, the global automotive brake valve market can be segmented into:

• Original Equipment Manufacturer (OEM)

• Aftermarket

Automotive Brake Valve Market: Regional Overview

Global market split of automotive brakes is largely dependent on operating vehicle fleet and automotive production in respective regions. Currently, Asia Pacific automotive brake market leads the pack with significant demand volumes followed by Europe and North America region. Stable economic conditions, consistent automotive production and increasing per capita income are some of the latent drivers expected to drive growth in the Asia Pacific automotive market, in-turn supporting growth of automotive brake valves in the region.

Automotive Brake Valves Market: Market Players

Automotive brake valves market is marked with the presence of a number of players active in different parts of value chain including component suppliers, integrators and brake valves manufacturers. Some examples of the market participants include Mico Inc. (a Wabco Company), Knorr-Bremse AG, FTE Automotive, Bosch Chassis Systems India Pvt. Ltd. and other automotive brake valve manufacturers.

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