Air Valve Stem Caps Market: Overview
Air valve stem caps are crucial parts of tube and tire assembly which prevents tires from dust and dirt as well as increase the overall life of tires as well plays an important role to maintain proficient vehicle performance. Generally, for passenger cars and light weight vehicle rubber & plastic combination are preferred which can sustain up to 65 psi to 70 psi pressure. While for heavy duty application, steel and other metal combination are used which can sustain up to 200 psi pressure.
The global market of air valve stem caps is highly fragmented owing a lots of players supplies air valve in wide categories of size and dimensions. However, the forthcoming growth in automotive industry is making more lucrative to the market.
Air Valve Stem Caps Market: Dynamics
Rising awareness pertaining to road safety regulation coupled with substantial demand in fuel efficient vehicles is expected to drive the air valve stem caps market across the globe. Moreover, increase in existing vehicle fleet on road and new vehicle sales are also said to drive the growth of air valve stem caps market over the slated time period. Furthermore, addressable growth in electric vehicles, solar powered vehicle, and hydrogen vehicle are expected to fillip the sales of air valve stem caps over the coming decades.
Increasing number of technology in automotive vehicles pertaining to tire pressure such as Tire-pressure Monitoring System (TPMS) are promising vigorous growth of the air valve stem caps market over the forecast years owing to intake of dust particle or any other stuff may hinder the overall life of the tire.
On the flip side, counterfeit product coming from other countries may hamper the market growth with erosion of market presence and share of the global air valve stem caps manufacturers.
OEM players are focused to designed light weight and high strength air vale stem caps for entire category of vehicles. Premium automotive brands such as BMW, Audi, and Bentley among others are designing their logo on the air valve steam caps to provide aesthetically attractive look to vehicles.
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Air Valve Stem Caps Market: Segmentation
By Tire type, air valve steam caps market can be segmented as:
- Tube Tire
- Tubeless Tire
By Material Type, Air valve stem caps market can be segmented as:
- Steel & other metal
- Alloy Material
By Valve Diameter, Air valve stem caps market can be segmented as:
- Less than 0.4 inch
- 4 inch-0.5 inch
- 5 inch-0.6 inch
- More than 0.6 inch
By Sales Channel, Air value stem caps market can be segmented as:
- OEM (Original Equipment Manufacturer)
- OES( Original Equipment Supplier)
- IAS (Independent Automotive Supplier)
By Distribution Channel, Air valve stem caps market can be segmented as:
Air Valve Stem Caps Market: Regional Outlook
Asia Pacific is expected to dominate in the Air Valve Stem Caps market for original equipment manufacturer along with aftermarket segment because of the region account significant share in the global automotive vehicle’s production. Moreover, increasing on road vehicles population are also expected to boom the air valve stem caps market over the forecast period. Europe is estimated to second largest market for Air Valve Stem Caps owing to increasing awareness pertaining to safety of vehicle coupled with substantial growth in the sales of passenger cars are projected to drive the air valve steam caps market over the slated time period. Middle East & Africa is expected to grow with moderate growth rate rates in the global Air Valve Stem Caps market however changing lifestyle as well as growth in the sales of luxury vehicles is expected to fillip the demand of air valve stem market over the coming years.
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Air Valve Stem Caps Market: Key Participant
In the global air valve stem caps market manufacturer have limited which are below listed:
- Schrader-Bridgeport International, Inc.
- Haltec Corporation
- Ningbo Yiluda Automotive Products Co.,Ltd.
- White Horse Industrial Company, Ltd.
Some of the online seller of air valve stem caps identified across the value chain:
- Advance Auto Parts
- JEGS High Performance
- AutoZone, Inc.
- Coker Tire
- J&P Cycles
- MOONEYES USA INC.
- Gempler’s Inc.
- BMW of North America, LLC.
- Gempler’s Inc.