According to a recent report published by Allied Market Research, titled, “Automotive Transmission Valve Spool Market by Transmission Type, Speed, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2020–2030,” The global automotive transmission valve spool market was valued at $1.54 billion in 2020, and is projected to reach $2.81 billion by 2030, registering a CAGR of 6.5%.
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/14245
A spool valve is a hydraulic fluid flow control valve that is part of a transmission system. The valve is made up of spools that spin or slide in a transmission system to block and open channels. The automotive transmission valve spool directs fluid flow to and from other valves within a hydraulic system in automatic or semi-automatic automotive transmission systems. The rise in demand for automatic transmission systems across the world has promoted the growth of global automotive transmission spool valve market. Furthermore, global automobile manufacturing activities have a significant impact on the sale of automotive transmission valve spool.
The factors, such as rise in adoption of lightweight transmission systems, increase in demand for commercial vehicles, and rise in requirement of automatic transmission, are expected to drive the global automotive transmission valve spool market. However, increase in adoption of engine downscaling techniques by OEM and high costs associated with advanced transmission valves are expected to restrict the growth of the market during the forecast period. Moreover, advancement in spool valve technologies, and increase in vehicle production in developing countries are the factors anticipated to supplement the global market growth.
Covid-19 Scenario
- Manufacturing activities of automotive transmission valve spool stopped due to lockdown measures implemented across many countries. In addition, disruptions in the supply chain and shortage of raw materials presented challenges in implementing manufacturing with full capacity.
- The ban on import-export activities resulted in supply chain disruption and supply-demand gap. However, the supply chain is estimated to be restored as restrictions are lifted off.
𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝘁𝗼 𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁? 𝗜𝗻𝗾𝘂𝗶𝗿𝗲 𝗕𝗲𝗳𝗼𝗿𝗲 𝗕𝘂𝘆𝗶𝗻𝗴 – https://www.alliedmarketresearch.com/purchase-enquiry/14245
Key Findings Of The Study
- On the basis transmission type, the CVT segment is expected to register significant growth during the forecast period.
- On the basis of speed, the 5 to 7 speed transmission segment is projected to lead the global market in terms of market share by the end of the forecast period.
- On the basis of vehicle type, the passenger cars segment is expected to register significant CAGR during the forecast period.
- North America dominated the market in 2020, and is projected to lead the market growth and maintain its dominance in the global market.
Asia-Pacific and Europe are leading consumers of automotive transmission valve spool, and this trend is projected to continue during the forecast period. India is developing at a significant rate, as a result of government initiatives, such as self-reliant India, to boost its manufacturing activities and enhance the outlook for automotive manufacturers.
The key players profiled in the Automotive Transmission Valve Spool Market report are Argo-Hytos Inc., Bosch Rexroth AG, Christian Bürkert Gmbh & Co. KG, Dymax, Eagle Industry Co., Ltd., Eaton Corporation plc, GMB Corporation, HAWE Hydraulik SE, HYDAC International GmbH, and Parker-Hannifin Corporation.
𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁: https://www.alliedmarketresearch.com/automotive-transmission-valve-spool-market/purchase-options