Automotive Crankcase Ventilation System Market to grow at a CAGR of 7.37% during 2024-2028
The Automotive Crankcase Ventilation System Market is expected to grow at a CAGR of 7.37% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 569.2 million. In response to stringent emission norms, automotive component manufacturers are prioritizing the development of advanced, cost-effective, and lightweight products. To achieve this, they are increasingly adopting additive manufacturing technology, also known as 3D printing. This method, which uses computer-aided design to produce final projects by adding layers of raw materials, reduces material waste and lowers costs. Additionally, it enables the creation of intricate components with advanced design and material compositions, making it an attractive option for producing lightweight and high-strength automotive parts.
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Technavio analysts predict that the OEM subsegment will lead the Channel segment during 2024 and 2028 The OEM segment of the automotive crankcase ventilation system market involves the supply of these systems to automobile manufacturers. Tier-1 suppliers, including crankcase ventilation system manufacturers, play a crucial role in the automotive supply chain by providing their products directly to OEMs. Notable OEMs, such as Ford Motor Company (Ford Motors) and General Motors Company (General Motors), sell their branded crankcase ventilation systems through channels like Ford Motors' Motorcraft and General Motors' GMPartsDirect. Market expansion in the OEM segment is anticipated to be primarily fueled by the expansion of the automotive industry, as crankcase ventilation systems are essential vehicle components.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish growing demand for suvs and pick-up trucks
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The Automotive Crankcase Ventilation System Market is a critical component of the Internal Combustion Engine (ICE) industry, playing a significant role in ensuring the efficient operation of engines. The market's economic landscape is driven by consumer behavior, with a growing emphasis on fuel efficiency and emissions reduction. Winning imperatives for market players include offering cost-effective, reliable, and eco-friendly solutions. Social scenarios, such as increasing urbanization and the shift towards electric vehicles, pose challenges to the market. Political factors, including emissions regulations and trade policies, also impact the market's growth. Key components of the Automotive Crankcase Ventilation System include filters, hoses, and ventilation valves. These parts help in the removal of blow by gases from the crankcase, preventing engine oil contamination and ensuring proper engine performance. Piston rings also play a role in sealing the crankcase and reducing blow by gases. The use of advanced materials and technologies, such as electronically controlled valves and regenerative blow by gas systems, is expected to drive market growth. However, the high cost of these technologies and the availability of low-cost alternatives may limit market penetration. In conclusion, the Automotive Crankcase Ventilation System Market is subject to various economic, social, and political factors. Market players must stay abreast of these trends and adapt to changing consumer preferences and regulatory requirements to remain competitive.
The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by automotive components and equipment manufacturers. Key growth drivers in this sector include the escalating demand for electronic control units (ECUs) and other electronic components due to the increasing sales of EVs, motorcycles, and PCs over the past decade.
The Automotive Crankcase Ventilation System Market is experiencing significant growth, fueled by the growing demand for suvs and pick-up trucks. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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