Global Automotive Engine Valve Spring Market Size, Share, and Trends Analysis Report, By Product Type (Isometric Spring and Not Equidistant Spring) and By End-User (Commercial Vehicle and Passenger Car), Forecast (2022-2028)

The automotive engine valve spring market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). A retainer secures an engine valve spring coiled around the valve stem. Its major job is to keep the valvetrain under control by ensuring that the right amount of spring pressure is maintained regularly to keep the valve bounce at bay. Valve bounce can result in full engine failure, loss of power, and even valve damage, hence these springs are crucial. An engine valve spring also helps to avoid valve float, which happens when the engine’s speed surpasses the valve springs, causing the camshaft and valvetrain to separate. Engine valve springs also safeguard the axle, cylinder walls, pistons, and bearings of the engine by pushing the valves to shut fully, guaranteeing appropriate compression. By acting against the internal piston’s oil pressure and preventing lifters from going up, these also help to prevent hydraulic lifter difficulties. Some of the primary forces driving the growth of the global automotive engine valve spring market include the need to minimize the effect of vehicle’s carbon emissions and enhance fuel economy.

The global automotive engine valve spring market is segmented based on product type and end-user. Based on the product type, the market is sub-segmented into isometric springs and non-equidistant springs. Among these product types, the isometric springs segment is expected to propel the growth of the market due to the increasing usage of isometric springs in commercial vehicles. Based on the end-user, the market is sub-segmented into commercial vehicles and passenger cars.

The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2021, MW Industries acquired Duer Carolina Coil Inc. and is set to add to the company’s existing portfolio of engineered spring solutions for the automotive, heavy truck, defense, valve, and agricultural markets. Customers in over 75 countries will benefit from the combined company’s expanded hot and cold wound spring manufacturing capabilities.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product Type
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Associated Spring, Mubea, NHK Spring Co., GAC Component, Meili High Technology, Zhonghu Spring, and Spring Factory of Wuxi Weifu, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive Engine Valve Spring Market Report by Segment

By Product Type

• Isometric Spring
• Non-Equidistant Spring

By End-User

• Commercial Vehicle
• Passenger Cars