According to Cognitive Market Research, the global Cartridge Valve market size is USD 1458.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 583.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 437.46 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 335.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 72.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 29.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The Material handling equipment represents the fastest-growing category in the cartridge valve market, spurred by the increasing automation and efficiency requirements in logistics and warehousing.
