The global automotive transmission valve spool market was valued at $1.54 billion in 2020, and is projected to reach $2.81 billion by 2030, registering a CAGR of 6.5%. North America was the highest revenue contributor, accounting for $509.0 million in 2020, and is estimated to reach $866.4 million by 2030, with a CAGR of 5.8%.
Automotive transmission valve spool is a critical component of automobile automatic transmission systems that regulates the flow direction of the energy source by combining or switching the oil's travel paths. Spool valves are available in a broad range of configurations, with some having numerous ports and the ability to regulate several aspects of automobile transmission systems at the same time. Spool valves are a typical technique to regulate hydraulic components by using a simple spool positioned within an outer casing to allow, limit, or stop the flow of the energy source. Rise in adoption of automatic transmission systems by automotive end users and increase in vehicle production boost the growth of the automotive transmission valve spool market. Automobile manufacturing activities have a direct impact on the demand for automotive transmission valve spool.
The factors, such as rise in adoption of lightweight transmission systems, increase in demand for commercial vehicles, and surge in demand for automatic transmission, are expected to drive the growth of the global automotive transmission valve spool market. However, increase in adoption of engine downscaling techniques by OEM and high costs associated with advanced transmission valves are expected to restrict the growth of the Automotive Transmission Valve Spool market during the forecast period. Moreover, advancement in spool valve technologies, and increasing vehicle production in developing countries are the factors anticipated to supplement the global automotive transmission valve spool market growth.
The automotive transmission valve spool market is divided into transmission type, speed, and vehicle type, and region. By transmission type, it is divided into automatic transmission, continuously variable transmission, and dual clutch transmission. On the basis of speed, it is divided into upto 5 speed transmission, 5 to 7 speed transmission, and above 7 speed transmission. By vehicle type, it is segmented into passenger cars, light commercial vehicle, and heavy commercial vehicle. Region-wise it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Transmission Type
CVT is projected as the most lucrative segments
Rise in adoption of lightweight transmission systems
Modern automobiles require advanced materials to improve fuel efficiency while ensuring safety and performance. Since it takes less energy to accelerate a lighter entity than a heavy one, lightweight materials have the potential to significantly improve the vehicle economy. Regulatory demands on automakers, along with technology advancements in automotive powertrains, have resulted in the development of lightweight automotive transmission systems for production cars. The combination of sophisticated hardware and software assists automotive component makers in lowering the weight of automobile components such as transmission systems. For instance, in March 2020, Freevalve created a valve technology that used pneumatic actuators to open and close each valve individually. The valve technology contributes to the development of small and lightweight transmission systems for the Koenigsegg Gemera. In addition, heavy steel automotive components can be reduced in weight by 10-60% by replacing them with materials such as high-strength steel, aluminium, or glass fibre-reinforced polymer composites. The transmission of a vehicle plays an important part in total performance and efficiency as the engine itself, which has led to the development of new high-tech transmission systems. For instance, Ford and General Motors collaborated to design a lightweight 10-speed automatic gearbox to extract more power from their V8 engines.
Furthermore, major automotive valve manufacturers such as GMB Corporation are creating innovative lightweight spool valves using aluminium for reducing oil leaks in automotive transmission systems. Automotive manufacturers' increasing use of lightweight transmission systems to decrease vehicle emissions and increase the fuel efficiency of the vehicle has fuelled the expansion of the automotive transmission valve spool market.
By Speed
Upto 5 Speed Transmission is projected as the most lucrative segments
Growing demand for automatic transmission
Driving in traffic during commute hours demands a significant amount of work and lowers the car's fuel economy. Thus, many automobile owners have shifted to automatic transmission vehicles for a smooth driving experience and maximum comfort even in bumper-to-bumper traffic. The automatic transmission improves driving comfort while also providing versatility and high performance. Furthermore, the majority of vehicles in developed economies such as the U.S., the UK, and others are powered by automatic transmission systems such as continuous velocity transmission (CVT) and dual-clutch transmission (DCT). The continuous change between neutral and drive in a manual transmission causes a lot of wear on the transmission-valve body, which regulates the transmission via high-pressure hydraulic fluid, promoting the adoption of automobile transmission systems. For instance, Fendt introduced a continuously variable transmission (CVT) technology for agriculture tractors in January 2021. The CVT systems made by Frendt can have up to eight spool valves. Furthermore, by optimising gear changing, this improvement has the potential to increase fuel efficiency. The rise in need for improved heavy-duty transmissions has prompted automotive component manufacturers to create sophisticated automated transmission valves that reduce mechanical wear on gearboxes, cut maintenance costs, and reduce vehicle downtime. For instance, in March 2020, JATCO Ltd announced the development of the JR913E, a 9-speed automatic transmission for RWD vehicles, a high-efficiency high-response transmission with optimum gear ratios and an oil pressure system that enables very responsive gear changes. The increase in demand for automatic transmission systems has fuelled the expansion of the automotive transmission spool valve market.
Increase in adoption of engine downscaling techniques by OEM
Engine downsizing is the technique of using smaller combustion engines over bigger ones of the same power capacity when manufacturing vehicles in the automotive industry. It is the outcome of automakers' efforts to offer more efficient vehicles with lower emissions, which are frequently enforced by government regulations. Engine downsizing also includes reducing the number of cylinders to lower the engine's overall size. By reducing the number of cylinders, the amount of friction in the engine is reduced. Advancements in automobile technology, such as the use of turbocharged engines, have resulted in a decrease in total engine size while retaining or increasing power output. The rise in trend of engine downsizing due to the adoption of new technology limits the growth of the Automotive Transmission Valve Spool market.
By Vehicle Type
Heavy commercial vehicle is projected as the most lucrative segments
Numerous firms have made significant investments in engine reduction. For instance, Ford has stated that it would continue its efforts to reduce engine size without sacrificing performance or cost. Similarly, Volkswagen has committed to reducing engine size. Downsizing is used to cut fuel consumption by lowering engine displacement while boosting the power/displacement ratio. The increased implementation of engine downscaling by automobile manufacturers decreases the usage of spool valves even further, impeding Automotive Transmission Valve Spool market growth.
Advancement in spool valve technologies
Steel is the most frequent material for mass-produced automobile valves, however, stainless steel is gaining popularity since it has higher wear resistance and heat transmission than steel at roughly the same mass. Titanium valves are frequently utilised in racing applications since their mass is 60% that of steel valves. Titanium alloy valves are used in high-performance vehicles to enhance stiffness, decrease mass, and prevent brittle failure. The automotive valves industry has seen a substantial transformation as a result of technological advancements. Based on the success observed in the aerospace industries, composite materials now represent a significant potential for the automotive industry, signalling a development that can deliver improved advantages. Conventional valve construction materials, such as iron, stainless steel, and metal alloys, while still providing a strong alternative for the end-user, are no longer the favoured option for the automobile industry. Polymer technological advancements have resulted in the development of a variety of thermosetting polymers and thermoplastics with strong mechanical characteristics, allowing them to be designed as alternative components. The use of composite materials for components has an impact on design, performance, cost, and sustainability features, all of which influence flow control valve specification. Rising raw material costs for conventional valve materials have resulted in the progressive migration of noncritical manufacturing processes in recent years. Composite material technology has been chosen and implemented by automotive spool valve manufacturers as a result of testing with cutting-edge technologies and a better knowledge of their chemical and physical characteristics. The enhanced mechanical characteristics, as well as chemical and physical behaviour, of advanced materials based spool valves, provide performance similar to typical metal resilient spool valves, exhibiting substantial benefits for the automobile sector. Spool valve technology advancements present a growth opportunity for the automotive transmission valve spool industry.
By Region
Asia Pacific would exhibit the highest CAGR of 7.5% during 2021-2030.
COVID-19 Impact Analysis
- The impact of COVID-19 on the automotive transmission valve spool market is unclear and it is expected to remain restricted until the second quarter of 2021.
- To prevent spread of the COVID-19 virus, governments across the globe implemented strict lockdowns and made social distancing mandatory. Consequently, several organizations began work from home programs as precautionary measure. This led to a sudden fall in global demand for automobiles.
- Moreover, nationwide lockdowns disrupted the supply chain as several manufacturing facilities across the globe were forced to partially or completely shut down their operations.
- The adverse impacts of the COVID-19 pandemic resulted in massive supply-demand challenges across the globe.
Key Benefits For Stakeholders
- This study presents the analytical depiction of the global automotive transmission valve spool market analysis along with the current trends and future estimations to depict imminent investment pockets.
- The overall automotive transmission valve spool market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities of the Automotive Transmission Valve Spool market with a detailed impact analysis.
- The current Automotive Transmission Valve Spool market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Automotive Transmission Valve Spool Market Report Highlights
| Aspects | Details |
 By TRANSMISSION TYPE |
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 By Speed |
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 By Vehicle Type |
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 By Region |
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 Key Market Players | Eaton Corporation plc, HAWE Hydraulik SE, Bosch Rexroth AG, Dymax, HYDAC International GmbH, Eagle Industry Co., Ltd., Christian Bürkert Gmbh & Co. KG, GMB Corporation, Argo-Hytos Inc., Parker-Hannifin Corporation |
Analyst Review
The global automotive transmission valve spool market is expected to witness significant growth due to the rise in adoption of automotive automatic transmission systems around the world.
Automotive transmission valve spool manufacturers are concentrating on developing advanced transmission valve spool such as aluminum, and titanium alloy valves. Transmission valve spool is an integral part of the automotive transmission systems. Spool valves are the usual choice for directional control, since they can be manufactured to give complicated connections in a simple sliding mechanism. The global automotive transmission valve spool market is expected to grow at a remarkable rate in the future. The demand for automotive transmission valve spool is attributed to automotive production activities across the globe. However, automotive production across the globe has declined from the last two years, and the COVID-19 impact has slowed down the overall automotive production in 2020. In addition, automotive production activities are expected to be directly influenced by the demand for automotive transmission valve spool in the near future.
Market players are entering into contracts and agreements to gain long-term business opportunities to cope up with the changing demand scenario. Moreover, market participants are constantly focusing on product development activities to cater to the changing requirement of end users and attain operational efficiency of vehicles. Asia-Pacific is the leading automotive production hub, wherein production activities are gaining momentum, owing to raw material availability, cost-effective workforce, and government initiatives to boost the production activities. Therefore, Asia-Pacific is anticipated to become the most promising region across the globe for the automotive transmission valve spool market.
The global automotive transmission valve spool market was valued at $1,540.1 million in 2020.
Development of titanium and aluminium spool valves.
The report sample for global automotive transmission valve spool market report can be obtained on demand from the website.
Post COVID-19 scenario, the rising automobile production and sales is expected to uplift the growth of the automotive transmission valve spool market.
Acquisition, Business expansion, Contract, Launch, Partnership, Product development, and Product launch are the top most competitive developments which are adopted by the leading market players in the global small satellite market
The company profile section for automotive transmission valve spool market report can be obtained on demand from the website.
North American region is the largest market for automotive transmission valve spool market, and Asia-Pacific will provide generous business opportunities for automotive transmission valve spool market in future owing to the rapidly growing automobile industry in the region.
Heavy commercial vehicle is the most influencing segment growing in the transmission valve spool in automotive transmission valve spool market.
U.S., Germany, and Russia are key matured markets growing in the automotive transmission valve spool market.
Growing demand for automatic transmission systems, and increase in adoption of engine downscaling techniques by OEM are the known and unknown adjacencies impacting the transmission valve spool in automotive market.
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