Valley Cottage, NY -- (SBWIRE) -- 11/07/2017 -- A new study published by Future Market Insights (FMI) has projected the global automotive brake valve market to exhibit an impressive 5.1% CAGR during the forecast period (2017-2022). Global sales of automotive brake valves are estimated to surpass US$ 4,500 Mn in revenues by 2022-end.

Key Research Findings from FMI's Report on Automotive Brake Valves MarketThe global automotive brake valve market is anticipated to be dominated by Asia-Pacific excluding Japan (APEJ) throughout the forecast period, in terms of revenues. Europe will continue to be the second largest market for automotive brake valves, with sales estimated to exceed US$ 1,000 Mn in revenues by 2022-end. The market in North America is projected to exhibit the fastest expansion through 2022.

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Metering brake valves are expected to remain sought-after among products in the market. Nearly 30% of the market revenue share is projected to be accounted by sales of metering brake valves. In addition, sales of metering brake valves are poised to register the highest CAGR through 2022, followed by pressure-differential brake valves and combinational brake valves.

Compact passenger cars will continue to be dominant in the global automotive brake valve market, followed by mid-sized passenger cars and light commercial vehicles. Sales of automotive brake valves for compact passenger cars are projected to account for over one-fourth revenue share of the market through 2022.

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Based on material type, steel and copper will remain preferred for manufacturing automotive brake valves. Revenues from automotive brake valves produced by using steel and copper will collective account for nearly two-third revenue share of the market over the forecast period.

Aftermarket is anticipated to remain the largest sales channel for automotive brake valves, with sales estimated to reach approximately US$ 3,500 Mn in revenues by 2022-end. However, sales of automotive brake valves in OEM are projected to register the fastest expansion through 2022.

Key market participants profiled by FMI's report include Knorr-Bremse AG, FUJI OOZX Inc., Federal-Mogul Holdings Corp., Denso Corporation, Continental AG, Mahle Group, Hitachi Ltd., FTE Automotive GmbH, Eaton Corporation Plc, and Delphi Automotive PLC.

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