What is Throttle Valves Market?
Throttle valves regulate the supply of fluid as steam or gas and air to an engine and operated by a handwheel, a lever or automatically by a governor. These valves serves different functions according to engine type. They are installed in the intake air system of the combustion engine.
The market study is being classified by Type (Electronic Throttle Valve, Manual Throttle Valve and Others), by Application (Passenger Cars and Commercial Vehicles) and major geographies with country level break-up.
Woodward, Inc. (United States), Mikuni Corporation (Japan), Robert Bosch GmbH (Germany), Ishimitsu Manufacturing Czech Ltd. (Czechia), Jidosha Buhin Kogyo Co., Ltd. (Japan), HAWE Hydraulik SE (Germany), Keihin Nasu Corporation (Japan), Rheinmetall Automotive (Germany), Conval, Inc. (United States) and Xinhai Valve Co., Ltd. (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Tucson Hydrocontrols Pvt. Ltd. (India) and Fescolo Pneumatic Co., Ltd. (China).
Research Analyst at AMA predicts that German Vendors will contribute to the maximum growth of Global Throttle Valves market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Throttle Valves market by Type, Application and Region.
On the basis of geography, the market of Throttle Valves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Demand for Better Engine Efficiency
- Advancement in the Throttle Valves
Market Trend
- Increased Demand for Fuel Efficient Vehicles
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growing Automobile Industry Worldwide
- Increasing Demand from End-User Industry
Challenges
- Substitute for Throttle Valves
Key Target Audience
Throttle Valves Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user