Automotive Purge Valve Market to record USD 757.49 Mn growth — Driven by environmental benefits of evaporative emission control systems

NEW YORK, Sept. 20, 2022 /PRNewswire/ — The “Automotive Purge Valve Market by Application and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The report expects the market size to grow by USD 757.49 million between 2021 and 2026, accelerating at a CAGR of 4.5% during the forecast period. The report considers various factors such as various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here to get an idea of the overall scope of the full report.

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Technavio has announced its latest market research report titled Global Automotive Purge Valve Market 2022-2026
Technavio has announced its latest market research report titled Global Automotive Purge Valve Market 2022-2026

The global automotive purge valve market is fragmented due to the presence of several vendors. Most of the dominant vendors have their manufacturing bases and facilities in Europe and Asia. Vendors operating in the market are leveraging advanced technologies to develop a new generation purge valve that helps in ensuring reduced hydrocarbon emissions. The competition among vendors in the market has increased in recent years, which is compelling them to improve their capabilities in design and manufacturing.

The market will be driven by the environmental benefits of evaporative emission control systems. However, reliability issues associated with purge valves might hamper the market growth.

The report identifies A. Kayser Automotive Systems GmbH, Agilent Technologies Inc., Continental AG, Delphi Technologies Plc, DENSO Corp., Dorman Products Inc., Eagle Industry Co. Ltd., Eaton Corp. Plc, ETO GRUPPE TECHNOLOGIES GmbH, Hamanakodenso Co., Ltd., Padmini VNA Mechatronics Pvt. Ltd., PARKER HANNIFIN CORP., Rheinmetall AG, Robert Bosch GmbH, ROKI Co, Ltd., SENTEC GROUP, Standard Motor Products Inc., Swagelok Co., TLX Technologies, and Tube Clamps India as dominant players. Request Sample Report Here

The global automotive purge valve market is segmented as below:

Application 

Passenger Vehicles
Commercial Vehicles

The passenger vehicles segment accounted for the largest revenue generation in the market in 2021. The segment is expected to continue to be the largest market segment during the forecast period. The increasing sales of passenger vehicles in emerging economies such as China, India, and Southeast Asian countries is driving the growth of the segment. The segment is also driven by the adoption of stringent emission norms globally.

Geography 

APAC
Europe
North America
South America
The Middle East and Africa

47% of the market growth will come from APAC during the forecast period. The enforcement of stricter emission norms and rising environmental concerns are contributing to the growth of the regional market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive purge valve market report covers the following areas:

Automotive Purge Valve Market 2022-2026: Key Highlights

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist automotive purge valve market growth during the next five years
Estimation of the automotive purge valve market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive purge valve market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive purge valve market vendors

Related Reports:

Automotive Purge Valve Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.5%

Market growth 2022-2026

USD 757.49 million

Market structure

Fragmented

YoY growth (%)

4.92

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

A. Kayser Automotive Systems GmbH, Agilent Technologies Inc., Continental AG, Delphi Technologies Plc, DENSO Corp., Dorman Products Inc., Eagle Industry Co. Ltd., Eaton Corp. Plc, ETO GRUPPE TECHNOLOGIES GmbH, Hamanakodenso Co., Ltd., Padmini VNA Mechatronics Pvt. Ltd., PARKER HANNIFIN CORP., Rheinmetall AG, Robert Bosch GmbH, ROKI Co, Ltd., SENTEC GROUP, Standard Motor Products Inc., Swagelok Co., TLX Technologies, and Tube Clamps India

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis 

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026 

Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis – Comparison between 2021 and 2026

4.2 Bargaining power of buyers 

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers 

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants 

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes 

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments

Exhibit 24: Chart on Application – Market share 2021-2026 (%)
Exhibit 25: Data Table on Application – Market share 2021-2026 (%)

5.2 Comparison by Application 

Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application

5.3 Passenger vehicles – Market size and forecast 2021-2026 

Exhibit 28: Chart on Passenger vehicles – Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Passenger vehicles – Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Passenger vehicles – Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Passenger vehicles – Year-over-year growth 2021-2026 (%)

5.4 Commercial vehicles – Market size and forecast 2021-2026 

Exhibit 32: Chart on Commercial vehicles – Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Commercial vehicles – Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Commercial vehicles – Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Commercial vehicles – Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Application 

Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview 

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation 

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison 

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 APAC – Market size and forecast 2021-2026 

Exhibit 42: Chart on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on APAC – Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on APAC – Year-over-year growth 2021-2026 (%)

7.4 Europe – Market size and forecast 2021-2026 

Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)

7.5 North America – Market size and forecast 2021-2026 

Exhibit 50: Chart on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on North America – Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on North America – Year-over-year growth 2021-2026 (%)

7.6 South America – Market size and forecast 2021-2026 

Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa – Market size and forecast 2021-2026 

Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

7.8 China – Market size and forecast 2021-2026 

Exhibit 62: Chart on China – Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on China – Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on China – Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on China – Year-over-year growth 2021-2026 (%)

7.9 US – Market size and forecast 2021-2026 

Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)

7.10 Japan – Market size and forecast 2021-2026 

Exhibit 70: Chart on Japan – Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Japan – Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Japan – Year-over-year growth 2021-2026 (%)

7.11 Germany – Market size and forecast 2021-2026 

Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)

7.12 South Korea – Market size and forecast 2021-2026 

Exhibit 78: Chart on South Korea – Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on South Korea – Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on South Korea – Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on South Korea – Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography 

Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges 

Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 85: Overview on factors of disruption

9.4 Industry risks

Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 87: Vendors covered

10.2 Market positioning of vendors 

Exhibit 88: Matrix on vendor position and classification

10.3 Agilent Technologies Inc. 

Exhibit 89: Agilent Technologies Inc. – Overview
Exhibit 90: Agilent Technologies Inc. – Business segments
Exhibit 91: Agilent Technologies Inc. – Key news
Exhibit 92: Agilent Technologies Inc. – Key offerings
Exhibit 93: Agilent Technologies Inc. – Segment focus

10.4 Continental AG

Exhibit 94: Continental AG – Overview
Exhibit 95: Continental AG – Business segments
Exhibit 96: Continental AG – Key news
Exhibit 97: Continental AG – Key offerings
Exhibit 98: Continental AG – Segment focus

10.5 DENSO Corp.

Exhibit 99: DENSO Corp. – Overview
Exhibit 100: DENSO Corp. – Business segments
Exhibit 101: DENSO Corp. – Key news
Exhibit 102: DENSO Corp. – Key offerings
Exhibit 103: DENSO Corp. – Segment focus

10.6 Eagle Industry Co. Ltd. 

Exhibit 104: Eagle Industry Co. Ltd. – Overview
Exhibit 105: Eagle Industry Co. Ltd. – Business segments
Exhibit 106: Eagle Industry Co. Ltd. – Key offerings
Exhibit 107: Eagle Industry Co. Ltd. – Segment focus

10.7 ETO GRUPPE TECHNOLOGIES GmbH 

Exhibit 108: ETO GRUPPE TECHNOLOGIES GmbH – Overview
Exhibit 109: ETO GRUPPE TECHNOLOGIES GmbH – Product / Service
Exhibit 110: ETO GRUPPE TECHNOLOGIES GmbH – Key offerings

10.8 PARKER HANNIFIN CORP. 

Exhibit 111: PARKER HANNIFIN CORP. – Overview
Exhibit 112: PARKER HANNIFIN CORP. – Business segments
Exhibit 113: PARKER HANNIFIN CORP. – Key offerings
Exhibit 114: PARKER HANNIFIN CORP. – Segment focus

10.9 Robert Bosch GmbH

Exhibit 115: Robert Bosch GmbH – Overview
Exhibit 116: Robert Bosch GmbH – Business segments
Exhibit 117: Robert Bosch GmbH – Key news
Exhibit 118: Robert Bosch GmbH – Key offerings
Exhibit 119: Robert Bosch GmbH – Segment focus

10.10 ROKI Co, Ltd.

Exhibit 120: ROKI Co, Ltd. – Overview
Exhibit 121: ROKI Co, Ltd. – Product / Service
Exhibit 122: ROKI Co, Ltd. – Key offerings

10.11 Standard Motor Products Inc. 

Exhibit 123: Standard Motor Products Inc. – Overview
Exhibit 124: Standard Motor Products Inc. – Product / Service
Exhibit 125: Standard Motor Products Inc. – Key offerings

10.12 TLX Technologies

Exhibit 126: TLX Technologies – Overview
Exhibit 127: TLX Technologies – Product / Service
Exhibit 128: TLX Technologies – Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist 

Exhibit 129: Inclusions checklist
Exhibit 130: Exclusions checklist

11.3 Currency conversion rates for US$ 

Exhibit 131: Currency conversion rates for US$

11.4 Research methodology

Exhibit 132: Research methodology
Exhibit 133: Validation techniques employed for market sizing
Exhibit 134: Information sources

11.5 List of abbreviations 

Exhibit 135: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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