Automotive proportional valves are used in the braking system of vehicles to reduce the brake fluid pressure applied to each set of axles of the braking system. Automotive proportional valves are a necessary component of the braking system that connects the master cylinder to the rest of the braking system. Automotive proportional valve is a spring loaded device. Automotive proportional valves help adjust the braking force distribution between the rear and front wheels, and subsequently prevent the rear tires from locking. Due to the increasing automobile sales and vehicle fleet, the demand for automotive proportional valve is also expected to grow significantly in the coming years. This, in turn, is expected to contribute to the growing automotive proportional valve market globally during the forecast period.
The globe Market for proportional valves for the automotive industry Size is expected to be estimated $285.4 million in 2032.
According to the report, revenue in the global automotive proportional valve market is expected to reach $195.1 million in 2022 and showing steady growth at a CAGR of 11.8% in the forecast period (2022-2032).
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Automotive Metering Valves Market: Dynamics
Sales of automotive proportional valves are directly proportional to automobile production and the fleet of vehicles on the road. Increasing demand for passenger cars is leading to growing automobile production and sales, particularly in the developing regions. It is estimated that the growing automotive production is the key factor behind the global demand for automotive metering valves. Increasing automobile sales are continuously expanding the entire fleet of vehicles around the world. This, in turn, is expected to create significant opportunities in the aftermarket sales segment for the automotive proportional valve market during the forecast period.
Growing popularity of…