Research
and Development Trend Forecast of Automotive Valve Market in China, 2014-2018
makes in-depth analysis on China's automotive valve industry in aspects of
industry characteristics, market supply & demand structure, competition
pattern, development trend and key enterprises.
Automotive
valve market can be divided into OE (original equipment) market and
aftermarket. According to statistics released by China Association of
Automobile Manufactures, in 2013, the output and sales of China's automobile
have amounted to 22.1168 million sets and 21.9841 million sets respectively,
and the vehicle ownership in whole China in this year has reached 137 million
sets for every thousand people, creating huge development space for both
automotive valve OE market and aftermarket.
Automobile
can be classified as passenger vehicle and commercial vehicle. Commercial
vehicle mainly adopts diesel engine usually with 12 valves, while passenger
vehicle commonly uses gasoline engine, but different emission volume may
require different number of valve.
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According
to the statistics provided by China Automotive Industry Yearbook, the average
number of valve in one passenger vehicle is 13.02 units, therefore, Huidina
Research takes the number of valves in one passenger car as 12 units and based
on that presents the flowing calculation:
Take the
ratio between automobile and valve as 1:12. According to historical automobile
supply volume in China, Huidian Research works out that the supply of
automotive valve in 2013 was 265.4016 million units, and the demand of
automotive valve in 2013 was 263.809 million units.
The supply
and price of the upstream products, such as iron and steel, alloy powder and
industrial electricity, have much influence on the cost of valve industry. The
cost of the raw materials used in valve products, including special steel, alloy
powder, and industrial electricity, account for 60% to 70% of the total cost of
valve.
As the
requirement of environmental protection become higher and higher and the
innovative technology develops, valve enterprises have striven to improve the
reliability, energy-saving effect, environmental protective performance of
their valve products, and improve the combustion efficiency of air-fuel gas
mixture and reduce exhaust gas emission through applying new materials, new
technique and new technology, so as to establish a firm foundation for the
improvement of the overall performance of automobile.
Furthermore,
the future trend of valve industry is light weight, as the reduction of the
weight can lower the inertial force generated by the motion of valve, and it
also can slow down the wear and tear of engine while improving the efficiency
of valve system. The approaches for realizing light weight include using new
materials, transforming the structural design or technique of valve.
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