India Engine Valves and Parts Market Future Outlook to 2022: Ken Research

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India Engine Valves and Parts Market Future
Outlook to 2022 Ken Research
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India Engine Valves and Parts Market
Segmentation By OEMs and Aftermarket Original
Equipment Manufacturers (OEMs) dominate the
purchase volumes of engine valves and parts with
revenue share worth in FY2017. The
aftermarket parts in India are usually less
expensive in comparison with OEM parts. The
aftermarket companies reverse engineer the
particular part in order to handle its weaknesses.
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• By Market Structure
• Market structure can be broadly classified into
  organized and unorganized sector. Primarily, the
  organized sector caters to the need of OEMs, thus
  dominating the India engine valves and parts
  market with revenue share worth in FY2017. On
  the other hand, the unorganized sector made its
  presence felt in the market by capturing revenue
  share worth in FY2017 by fulfilling the needs
  of aftermarket coupled with increasing
  replacement demand of valves and spare parts in
  the sector.
• By Type of Engine Valves and Parts
• Based on type, engine valves and parts are
  classified into valves, guides and tappets.
  Valves have mammoth share worth in revenue
  generated from sale of engine valves and parts in
  FY2017. On the other hand, valve guides was
  ranked second in

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market with revenue share worth majorly due to
high demand for motorcycle engine valves in India
engine valves and parts market in FY2017. At
last, tappets were able to capture minimum
revenue share of in FY2017. By
Deployment Based on deployment, engine valves and
parts are classified on the basis of automotive
and non automotive segment. The automotive
segment majorly comprises of passenger and
commercial vehicles, two wheelers, three wheelers
and other LCV, HCV and MUVs collectively
generating revenue share worth in FY2017.
Whereas, the non automotive segment comprises of
power generating engines such as electric
generators and others, gaining the remaining
share of in FY2017.
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By Type of Vehicles Based on type of vehicles,
engine valves and parts market can be classified
into two wheelers, passenger and commercial
vehicles, LCV and HCV and others. The passenger
and commercial vehicles segment dominated with
revenue share worth in FY2017 owning to
development of valve actuation technologies to
optimize control of engine air flow. Two wheelers
segment was witnessed to generate revenue
share in FY2017 majorly due to increasing demand
of mobility in India. The remaining share of
was collectively captured by LCV, HCV and other
vehicles. By Type of Valves Based on type of
valves engine valves and parts market can be
classified into rotary, sleeve and poppet valves.
The rotary valve segment dominated the India
engine valve and parts market by capturing
revenue share of in FY2017.
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• Trade Scenario of India Engine Valves and Parts
  Market
• The total export value of engine valves and parts
  to India was evaluated at INR million in
  FY2011 which increased to INR million in
  FY2016. Some of the major engine valves exported
  in FY2016 included inlets and exhaust parts for
  both spark ignition engine and compression engine
  to major countries such as US, Italy, UK, Spain
  and Germany. In India, spark ignition engine
  valves, inlets and exhaust make up of total
  exports and compression engine valves, inlets and
  exhaust accounted for remaining of total
  exports for the year ending FY2016. The
  technologies used in India to produce light
  weight valves are gaining importance in foreign
  countries which is leading to growing number of
  exports to foreign countries.
• On the contrary, of the demand of engine
  valves and parts is fully met, while the left
  is imported in India. In India, spark ignition
  engine valves, inlets and exhaust make up of
  total imports and

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compression engine valves, inlets and exhaust
accounted for remaining of total imports for
the year ending FY2016. The rise for demand of
foreign goods such as good quality engine valves,
valve seat insert and valve guides, backed by
reduction in import duty led to increase in
imports of engine valves and parts in India.
Reduction in import duty led to increase in
imports of engine valves and parts in
India. Trends and Developments of India Engine
Valves and Parts Market The major trend to be
witnessed in India engine valves and parts market
is the replacement or conversion of solid valves
into hollow ones majorly to maintain strength
among the valve, add horse power and reduce fuel
emissions.
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• India is gaining attraction in terms of quality
  valve manufacturing with the production of
  titanium valves in India engine valve market.
  Titanium offers the highest strength-to-weight
  ratio of any known metal.
• Rising demand of engine valves for CNG based
  vehicles because of increasing availability of
  natural gas in India.
• Issues and Challenges of India Engine Valves and
  Parts Market
• Major problem associated with India engine valves
  and parts market is the fierce competition faced
  in India, lack of skilled workers, poor supply
  chain management and increasing raw material cost
  which restricts the production of engine valves
  and parts in India.
• Usage of obsolete machinery and equipment has
  also been responsible for high defects in India
  engine valves market.

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• Material cost accounts around of the total
  cost of valve. Fluctuating prices of metals such
  as carbon steel, stainless steel, ductile iron
  and aluminum in cast/forge form are affecting the
  margins of the manufacturers.
• India Engine Valves and Parts Market Major
  Players
• REVL dominated the India engine valves and parts
  market by maintaining revenue share worth in
  both FY2016 and FY2017 majorly due to rise in
  sales of its high end engine valves, valve guides
  and tappets accompanied by its wide distribution
  network, targeting various segments such as
  passenger cars (PC, MUV and MPV), light
  commercial vehicles, two wheelers and three
  wheelers in the country.
• Shriram Pistons followed REVL with revenue share
  of in India engine valves and parts market in
  FY2017. Custom designed engine

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valves matching the exact specifications of
vehicle manufacturers were driving the market for
Shriram Pistons in India engine valves and parts
market. Future Outlook Future outlook and
projections were forecasted on the basis of
revenues and type of vehicles including passenger
and commercial vehicles, two wheelers, LCV and
HCV and others. Over the forecast period, India
engine valves and parts market will prepare
itself to meet the future demand expected from
the substantial investment proposed in key
segments such as automotives and industrial
sector. Initiatives are taken by the Ministry of
Petroleum Natural Gas to introduce CNG as a
fuel source for two wheelers to curb rising air
pollution in India, thus leading to increase in
demand for fuel emission control valves for two
wheelers.
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• The passenger cars segment in India is expected
  to dominate more than half of the India engine
  valves and parts market with revenue share worth
  by FY2022. The two wheelers segment followed
  passenger cars with an expectation to attain
  revenue share of by FY2022. Several
  automobile manufacturers from global players such
  as Audi to domestic manufacturers such as Maruti
  Suzuki, Mahindra Mahindra are trying to
  discover the chances of introducing driverless
  self-driven cars in India. LCV and HCV segment
  are expected to capture minimal share of in
  India engine valves and parts market by FY2022.
• Key Factors Considered in the Report
• Auto Parts Industry In India
• Future Engine Valve Market
• Industrial Valve Market in India
• Tappet Engine Valve Component

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• India Engine Valve Manufacturers
• Automotive Valves Market Trends
• Auto Components Market in India
• Valve Guides and Tappets Manufacturers India
• To know more about the research report
• https//www.kenresearch.com/automotive-transportat
  ion-and-warehousing/automotive-and-automotive-comp
  onents/india-engine-valve-parts-market/126974-100.
  html
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• https//www.kenresearch.com/automotive-transportat
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