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The global market size for engine valves was valued at 6.2 billion USD in 2022 and is expected to grow from 6.34 billion USD in 2023 to 7.62 billion USD by 2031, with a projected CAGR of 2.3% during the forecast period (2024-2031).
Valves regulate the amount of fuel and exhaust gases entering each cylinder of a combustion engine in vehicles. By controlling the flow of fuel and exhaust gases into and out of the cylinders, engine valves are essential for the efficient operation of automotive engines. The optimal air-fuel ratio for a vehicle is determined by the timing of the engine valves, allowing the engine to operate as efficiently as possible and reduce pollution. The global production of automobiles is on the rise, and the engine valve market is expected to expand accordingly. Regulations on carbon emissions and consumer demand for high-performance engines are driving the growth of the engine valve market. Additionally, there is a demand from manufacturers for energy-saving technologies such as engine downsizing, which is expected to contribute to market growth throughout the forecast period. Furthermore, the increase in automobile production in developed countries and rising disposable incomes are driving the global industry and boosting the demand for high-output engines in vehicles.