Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

An air inject check valve is a device that is used to prevent the exhaust air from entering the engine. The air inject check valve is positioned near the exhaust manifold in such a way that it allows exhaust gases to escape from engine and prevent those gases from entering the system. Furthermore, the air inject check valve helps the engine to maintain air-fuel ratio by maintaining contamination-free air in the engine. Therefore, damaged air injects check valve can cause damage to the efficiency of an engine. To maintain the performance of the engine at a certain level automobile manufacturers suggest replacing or repairing air inject check valve after engine check signal. Repairing or replacing depends upon the carbon saturation in the air inject check valve. On the basis of type, the global air inject check valve market is segmented into OEM market and aftermarket.

The global air inject check valve market was valued at US$ 39.23 Bn in 2019 and is expected to exhibit a CAGR of 4.1% during the forecast period (2020--2027)

Market Dynamics- Drivers

Strict regulatory policies by governments regarding carbon emission are expected to drive the growth of the global air inject check valve market during the forecast period     

The governments of many countries have imposed stringent regulatory policies on carbon emissions from vehicles. For instance, on 17 April 2019, the European Parliament and the Council, implemented a new regulation for passenger car and vans; Regulation (EU) 2019/631 replacing earlier (EC) 443/2009 (cars) and (EU) 510/2011 (vans) regulations. These regulations are effective from January 2020. According to these new regulations for vehicle manufacturing companies, carbon emission should be reduced from 120.4 g CO2/km (in previous law) to 95 g CO2/km (according to a new law). Furthermore, these rules are mandatory for all manufacturers based in Europe which accounted for 19% of the total cars manufactured across the globe in 2018.

Moreover, similar regulations are implemented in various countries across the world to reduce greenhouse gases produced by vehicles. Thus, strict regulatory policies regarding carbon emissions are expected to drive the growth of the global air injects check valve market during the forecast period.

Statistics:

APAC region held a dominant position in the global air inject check valve market in 2019, accounting for 47.0% share in terms of value, followed by Europe, North America, Latin America and MEA respectively.

Figure 1: Global Air Inject Check Valve Market Share (%), By Region, 2019

Air Inject Check Valve  | Coherent Market Insights

Market Restraints

Careless attitude towards maintenance and repair services is expected to hamper the global air inject check valve market growth during the forecast period

Many car owners in emerging countries such as India, China, Brazil, and South Africa hesitate to invest in preventive maintenance owing to high cost. Majority of car owners get automobile components replaced and serviced under the warranty period. However, owners ignore investing in the post-warranty period. This is due to the careless attitude of the owner towards vehicle safety and more focus on saving money from preventive maintenance. According to Coherent Market Insights’ analysis, in 2018, around 63.7% of car owners in India switched from authorized service dealers to local repaired shops for maintenance and other service after warranty period.  Thus, careless attitude towards maintenance and repair services is expected to hamper the global air inject check valve market growth during the forecast period.

Market Opportunities

Increasing use of internet of things (IoT) technology in the automobile industry is expected to create lucrative growth opportunities for players operating in the global air inject check valve market.

Vehicle manufacturers are providing electronic control units (ECU) with high speed internet, and these systems are connected with cloud platform developed by the automobile manufacturer. When a vehicle suddenly fails to operate on road, this system directly informs the nearest authorized dealer about the failed part and other useful information about the car such as car model and manufacturing year among others. Thus, increasing use of internet of things (IoT) technology in the automobile industry is expected to create lucrative growth opportunities for players operating in the global air inject check valve market.

Figure 2: Global Air Inject Check Valve Market Value (US$ Bn), 2019

Air Inject Check Valve  | Coherent Market Insights

The global air inject check valve market was valued at US$ 39.23 Bn in 2019 and is forecast to reach a value of US$ 54.1 Bn by 2027 at a CAGR of 4.1 % between 2020 and 2027.

Competitive Section

Key companies operating in the global air inject check valve market are ACDelco (General Motors Company), Auto Parts Warehouse, Dorman Products (Ford Motor Company), Motorcraft, JC Whitney, Advance Auto Parts, Tomco, AutoTrust Platinum, Pierburg (Rheinmetall Automotive AG), Acura (Honda Motor Company, Ltd.), Smart Parts Online Pvt. Ltd., AutoKartz Internet (P) Ltd., Catalyst Retail Pvt. Ltd., and others.

These key market players are focusing on strategic expansions to meet the increasing consumer demand.

Key Developments

  • Key companies in the market are focused on expansion strategies in order to gain a competitive edge in the market. For instance, in August 2019, General Motors Company opened a new ACDelco and GM Genuine Parts processing center in Flint, Michigan, U.S. Through this store, the company is expected to increase the company’s sales and services of GM genuine parts.
  • In April 2018, Dorman Products, a subsidiary of U.S. based Ford Motor Company, opened a new warehouse and service center in Portland, U.S. The company invested the US$ 55 billion in the 815,000 square foot facility. Through this facility the company is able to provide quick service in the market.

Inject air check valves are one way check valves which prevent exhaust gases from entering the engine’s system. However, if the vale fails to operate, it reduces engine efficiency drastically by changing the air-to-fuel ratio in the engine. Thus, it is recommended by car manufactures to replace the air inject check valve after an indication given by the vehicle’s engine. Air inject check valves are made of aluminum.

Market Dynamics

Technological advancements in terms of material and manufacturing have increased the average operational age of vehicles. For instance, in 2018, according to Coherent Market Insights’ analysis, over the next five years the number of vehicles aged over 12 years is expected to increase by 15%; and the number of vehicles that are 16-24 years old increased 1.3X in 2018 compared to 2000. Moreover, as the average life of the vehicle is increasing it is expected to increase repair and replacement of components, thus boosting the global air inject check valve market growth.

Furthermore, authorized service dealers offer replacements and repair services at significantly higher costs compared to local shop owners. For instance, companies such as General Motors Company, Bayerische Motoren Werke AG (BMW), and other vehicle companies provide a one-year standard warranty on the air inject check valve which comes with the vehicle. After completion of the warranty period, customers need to spend around US$ 50 to US$ 500 on the air inject check valve depending upon the company and car model if purchased from an authorized dealer. On the other hand, local repairing shops charge much less compared to authorized service centers. Thus, authorized service dealers are typically preferred by new vehicle owners as they have their vehicle under warranty period.

Market Taxonomy

This report segments the global air inject check valve market on the basis of application, service provider, market type, and region. On the basis of application, the global air inject check valve market is segmented into passenger vehicles and commercial vehicles. On the basis of service provider, the global air inject check valve market is segmented into authorized service dealer and local service provider. On the basis of market type, the global air inject check valve market is segmented into OEM market and aftermarket. On the basis of region, the global air inject check valve market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global air inject check valve market and provides market size (US$ billion) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global air inject check valve market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global air inject check valve market are ACDelco (General Motors Company), Auto Parts Warehouse., Dorman Products (Ford Motor Company), Motorcraft, JC Whitney, Advance Auto Parts, Tomco, AutoTrust Platinum, Pierburg (Rheinmetall Automotive AG), Acura (Honda Motor Company, Ltd.), Smart Parts Online Pvt. Ltd., AutoKartz Internet (P) Ltd., Catalyst Retail Pvt. Ltd. and others.
  • The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global air inject check valve market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global air inject check valve market.

Detailed Segmentation:

  • Global Air Inject Check Valve Market, By Application:
    • Passenger Vehicles
    • Commercial Vehicles
  • Global Air Inject Check Valve Market, By Service Provider:
    • Authorized Service dealer
    • Local Service Provider
  • Global Air Inject Check Valve Market, By Market Type:
    • OEM Market
    • Aftermarket
  • Global Air Inject Check Valve Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • ACDelco (General Motors Company)*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Auto Parts Warehouse
    • Dorman Products (Ford Motor Company)
    • Motorcraft
    • JC Whitney
    • Advance Auto Parts
    • Tomco
    • AutoTrust Platinum
    • Pierburg (Rheinmetall Automotive AG)
    • Acura (Honda Motor Company, Ltd.)
    • Smart Parts Online Pvt. Ltd.
    • AutoKartz Internet (P) Ltd.
    • Catalyst Retail Pvt. Ltd.

*Browse all the market data tables and figures on “Global Air Inject Check Valve Market- Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Service Provider
      • Market Snippet, By Market Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New System Launch/Approval
  4. Global Air Inject Check Valve Market, By Application, 2017-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Passenger Vehicles
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Commercial Vehicles
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
  5. Global Air Inject Check Valve Market, By Service Provider, 2017-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Authorized Service dealer
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Local Service Provider
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
  6. Global Air Inject Check Valve Market, By Market Type, 2017-2027 (US$ Billion)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • OEM Market
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
    • Aftermarket
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Billion)
  7. Global Air Inject Check Valve Market, By Region, 2017-2027  (US$ Billion)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Service Provider, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Market Type, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Service Provider, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Market Type, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Service Provider, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Market Type, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Service Provider, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Market Type, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Application, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Service Provider, 2020–2027 (US$ Billion)
      • Market Size and Forecast, By Market Type, 2020–2027 (US$ Billion)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • ACDelco (General Motors Company)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Auto Parts Warehouse
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Dorman Products (Ford Motor Company)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Motorcraft
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • JC Whitney
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Advance Auto Parts
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tomco
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • AutoTrust Platinum
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Pierburg (Rheinmetall Automotive AG)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Acura (Honda Motor Company, Ltd.)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Smart Parts Online Pvt. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • AutoKartz Internet (P) Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Catalyst Retail Pvt. Ltd.
        • kCompany Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse XX market data tables and XX figures on “Global Air Inject Check Valve Market-forecast to 2027”.

Frequently Asked Questions

The global market for air inject check valve is expected to reach US$ 54.1 Billion by 2027.
Strict regulatory policies regarding carbon emissions are expected to drive growth of the global air inject check valve market during the forecast period.
Passenger vehicles segment held the largest market share among application contributing 72.2% market share in terms of value in 2019.
The increasing demand for electric vehicles in the automobile industry is expected to restrain growth of the global air inject check valve market during the forecast period.
The major players operating in the global air inject check valve market are ACDelco (General Motors Company), Auto Parts Warehouse., Dorman Products (Ford Motor Company), Motorcraft, JC Whitney, Advance Auto Parts, Tomco, AutoTrust Platinum, Pierburg (Rheinmetall Automotive AG), Acura (Honda Motor Company, Ltd.), Smart Parts Online Pvt. Ltd., AutoKartz Internet (P) Ltd., Catalyst Retail Pvt. Ltd., and others.
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