▶ 調査レポート

大型車用バルブの世界市場見通し2023年-2029年

• 英文タイトル:Heavy Duty Vehicle Valve Market, Global Outlook and Forecast 2023-2029

Market Monitor Globalが調査・発行した産業分析レポートです。大型車用バルブの世界市場見通し2023年-2029年 / Heavy Duty Vehicle Valve Market, Global Outlook and Forecast 2023-2029 / MRC2312MG11878資料のイメージです。• レポートコード:MRC2312MG11878
• 出版社/出版日:Market Monitor Global / 2023年12月
• レポート形態:英文、PDF、103ページ
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• 産業分類:自動車&輸送
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レポート概要
当調査レポートは次の情報を含め、世界の大型車用バルブ市場規模と予測を収録しています。・世界の大型車用バルブ市場:売上、2018年-2023年、2024年-2029年
・世界の大型車用バルブ市場:販売量、2018年-2023年、2024年-2029年
・世界のトップ5企業、2022年

世界の大型車用バルブ市場は2022年に000Mドルと評価され、予測期間中に000%のCAGRで2029年までに000Mドルに達すると予測されています。米国市場は2022年に000Mドルと推定されており、中国は2029年までに000Mドルに達すると予測されています。「フラットトップバルブ」セグメントは今後6年間、000%のCAGRで2029年までに000Mドルに成長すると予測されています。

大型車用バルブのグローバル主要企業は、Eaton、 Federal-Mogul Motorparts、 Hunan Tyen Machinery Co., Ltd.、 Mahle Group、 Delphi Technologies、 ElringKlinger AG、 Huaiji Dengyun Auto-Parts(Holding)Co.,Ltd.、 Caterpillar Inc.、 Chongqing Delin Valve Co., Ltd.などです。2022年にトップ5企業がグローバル売上シェアの約000%を占めています。

MARKET MONITOR GLOBAL(MMG)は、大型車用バルブのメーカー、サプライヤー、流通業者、および業界の専門家を調査しました。これには、販売量、売上、需要、価格変動、製品タイプ、最近の動向と計画、産業トレンド、成長要因、課題、阻害要因、潜在的なリスクなどが含まれます。

【セグメント別市場分析】

世界の大型車用バルブ市場:タイプ別、2018年-2023年、2024年-2029年
世界の大型車用バルブ市場:タイプ別市場シェア、2022年
・フラットトップバルブ、コンケーブトップバルブ、コンベックスクラウンバルブ、その他

世界の大型車用バルブ市場:用途別、2018年-2023年、2024年-2029年
世界の大型車用バルブ市場:用途別市場シェア、2022年
・トラック、ダンプトラック、トラクター、その他

世界の大型車用バルブ市場:地域・国別、2018年-2023年、2024年-2029年
世界の大型車用バルブ市場:地域別市場シェア、2022年
・北米:アメリカ、カナダ、メキシコ
・ヨーロッパ:ドイツ、フランス、イギリス、イタリア、ロシア
・アジア:中国、日本、韓国、東南アジア、インド
・南米:ブラジル、アルゼンチン
・中東・アフリカ:トルコ、イスラエル、サウジアラビア、UAE

【競合分析】

また、当レポートは主要な市場参加者の分析を提供します。
・主要企業における大型車用バルブのグローバル売上、2018年-2023年
・主要企業における大型車用バルブのグローバル売上シェア、2022年
・主要企業における大型車用バルブのグローバル販売量、2018年-2023年
・主要企業における大型車用バルブのグローバル販売量シェア、2022年

さらに、当レポートは主要企業のプロファイルを提示します。
Eaton、 Federal-Mogul Motorparts、 Hunan Tyen Machinery Co., Ltd.、 Mahle Group、 Delphi Technologies、 ElringKlinger AG、 Huaiji Dengyun Auto-Parts(Holding)Co.,Ltd.、 Caterpillar Inc.、 Chongqing Delin Valve Co., Ltd.

*************************************************************

・調査・分析レポートの概要
大型車用バルブ市場の定義
市場セグメント
世界の大型車用バルブ市場概要
当レポートの特徴・ベネフィット
調査手法と情報源

・世界の大型車用バルブ市場規模
世界の大型車用バルブ市場規模:2022年 VS 2029年
世界の大型車用バルブ市場規模と予測 2018年-2029年

・競争状況
グローバルトップ企業
売上ベースでのグローバルトップ企業
企業別グローバルでの大型車用バルブの売上
グローバルトップ3およびトップ5企業、2022年売上ベース
グローバル企業の大型車用バルブ製品タイプ
グローバルにおけるティア1、ティア2、ティア3企業

・タイプ別市場分析
タイプ区分:フラットトップバルブ、コンケーブトップバルブ、コンベックスクラウンバルブ、その他
大型車用バルブのタイプ別グローバル売上・予測

・用途別市場分析
用途区分:トラック、ダンプトラック、トラクター、その他
大型車用バルブの用途別グローバル売上・予測

・地域別市場分析
地域別大型車用バルブ市場規模 2022年と2029年
地域別大型車用バルブ売上・予測
北米市場:アメリカ、カナダ、メキシコ
ヨーロッパ市場:ドイツ、フランス、イギリス、イタリア、ロシア
アジア市場:中国、日本、韓国、東南アジア、インド
南米市場:ブラジル、アルゼンチン
中東・アフリカ市場:トルコ、イスラエル、サウジアラビア、UAE

・主要企業のプロファイル(企業概要、事業概要、主要製品、売上、ニュースなど)
Eaton、 Federal-Mogul Motorparts、 Hunan Tyen Machinery Co., Ltd.、 Mahle Group、 Delphi Technologies、 ElringKlinger AG、 Huaiji Dengyun Auto-Parts(Holding)Co.,Ltd.、 Caterpillar Inc.、 Chongqing Delin Valve Co., Ltd.
...

This research report provides a comprehensive analysis of the Heavy Duty Vehicle Valve market, focusing on the current trends, market dynamics, and future prospects. The report explores the global Heavy Duty Vehicle Valve market, including major regions such as North America, Europe, Asia-Pacific, and emerging markets. It also examines key factors driving the growth of Heavy Duty Vehicle Valve, challenges faced by the industry, and potential opportunities for market players.
The global Heavy Duty Vehicle Valve market has witnessed rapid growth in recent years, driven by increasing environmental concerns, government incentives, and advancements in technology. The Heavy Duty Vehicle Valve market presents opportunities for various stakeholders, including Truck, Dump Truck. Collaboration between the private sector and governments can accelerate the development of supportive policies, research and development efforts, and investment in Heavy Duty Vehicle Valve market. Additionally, the growing consumer demand present avenues for market expansion.
The global Heavy Duty Vehicle Valve market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period.
Key Features:
The research report on the Heavy Duty Vehicle Valve market includes several key features to provide comprehensive insights and facilitate decision-making for stakeholders.
Executive Summary: The report provides overview of the key findings, market trends, and major insights of the Heavy Duty Vehicle Valve market.
Market Overview: The report provides a comprehensive overview of the Heavy Duty Vehicle Valve market, including its definition, historical development, and current market size. It covers market segmentation by Type (e.g., Flat Top Valve, Concave Top Valve), region, and application, highlighting the key drivers, challenges, and opportunities within each segment.
Market Dynamics: The report analyses the market dynamics driving the growth and development of the Heavy Duty Vehicle Valve market. The report includes an assessment of government policies and regulations, technological advancements, consumer trends and preferences, infrastructure development, and industry collaborations. This analysis helps stakeholders understand the factors influencing the Heavy Duty Vehicle Valve market’s trajectory.
Competitive Landscape: The report provides an in-depth analysis of the competitive landscape within the Heavy Duty Vehicle Valve market. It includes profiles of major market players, their market share, strategies, product portfolios, and recent developments.
Market Segmentation and Forecast: The report segment the Heavy Duty Vehicle Valve market based on various parameters, such as by Type, region, and by Application. It provides market size and growth forecasts for each segment, supported by quantitative data and analysis. This helps stakeholders identify growth opportunities and make informed investment decisions.
Technological Trends: The report should highlight the key technological trends shaping the Heavy Duty Vehicle Valve market, such as advancements in Type One technology and emerging substitutes. It analyses the impact of these trends on market growth, adoption rates, and consumer preferences.
Market Challenges and Opportunities: The report identify and analyses the major challenges faced by the Heavy Duty Vehicle Valve market, such as technical bottleneck, cost limitations, and high entry barrier. It also highlights the opportunities for market growth, such as government incentives, emerging markets, and collaborations between stakeholders.
Regulatory and Policy Analysis: The report should assess the regulatory and policy landscape for Heavy Duty Vehicle Valve, including government incentives, emission standards, and infrastructure development plans. It should analyse the impact of these policies on market growth and provide insights into future regulatory developments.
Recommendations and Conclusion: The report conclude with actionable recommendations for stakeholders, such as Application One Consumer, policymakers, investors, and infrastructure providers. These recommendations should be based on the research findings and address key challenges and opportunities within the Heavy Duty Vehicle Valve market.
Supporting Data and Appendices: The report include supporting data, charts, and graphs to substantiate the analysis and findings. It also includes appendices with additional detailed information, such as data sources, survey questionnaires, and detailed market forecasts.
Market Segmentation
Heavy Duty Vehicle Valve market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Flat Top Valve
Concave Top Valve
Convex Crown Valve
Others
Market segment by Application
Truck
Dump Truck
Tractor
Others
Global Heavy Duty Vehicle Valve Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Major players covered
Eaton
Federal-Mogul Motorparts
Hunan Tyen Machinery Co., Ltd.
Mahle Group
Delphi Technologies
ElringKlinger AG
Huaiji Dengyun Auto-Parts(Holding)Co.,Ltd.
Caterpillar Inc.
Chongqing Delin Valve Co., Ltd.
Outline of Major Chapters:
Chapter 1: Introduces the definition of Heavy Duty Vehicle Valve, market overview.
Chapter 2: Global Heavy Duty Vehicle Valve market size in revenue and volume.
Chapter 3: Detailed analysis of Heavy Duty Vehicle Valve manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Heavy Duty Vehicle Valve in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Heavy Duty Vehicle Valve capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.

レポート目次

1 Introduction to Research & Analysis Reports
1.1 Heavy Duty Vehicle Valve Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Heavy Duty Vehicle Valve Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Heavy Duty Vehicle Valve Overall Market Size
2.1 Global Heavy Duty Vehicle Valve Market Size: 2022 VS 2029
2.2 Global Heavy Duty Vehicle Valve Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Heavy Duty Vehicle Valve Sales: 2018-2029
3 Company Landscape
3.1 Top Heavy Duty Vehicle Valve Players in Global Market
3.2 Top Global Heavy Duty Vehicle Valve Companies Ranked by Revenue
3.3 Global Heavy Duty Vehicle Valve Revenue by Companies
3.4 Global Heavy Duty Vehicle Valve Sales by Companies
3.5 Global Heavy Duty Vehicle Valve Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Heavy Duty Vehicle Valve Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Heavy Duty Vehicle Valve Product Type
3.8 Tier 1, Tier 2 and Tier 3 Heavy Duty Vehicle Valve Players in Global Market
3.8.1 List of Global Tier 1 Heavy Duty Vehicle Valve Companies
3.8.2 List of Global Tier 2 and Tier 3 Heavy Duty Vehicle Valve Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type – Global Heavy Duty Vehicle Valve Market Size Markets, 2022 & 2029
4.1.2 Flat Top Valve
4.1.3 Concave Top Valve
4.1.4 Convex Crown Valve
4.1.5 Others
4.2 By Type – Global Heavy Duty Vehicle Valve Revenue & Forecasts
4.2.1 By Type – Global Heavy Duty Vehicle Valve Revenue, 2018-2023
4.2.2 By Type – Global Heavy Duty Vehicle Valve Revenue, 2024-2029
4.2.3 By Type – Global Heavy Duty Vehicle Valve Revenue Market Share, 2018-2029
4.3 By Type – Global Heavy Duty Vehicle Valve Sales & Forecasts
4.3.1 By Type – Global Heavy Duty Vehicle Valve Sales, 2018-2023
4.3.2 By Type – Global Heavy Duty Vehicle Valve Sales, 2024-2029
4.3.3 By Type – Global Heavy Duty Vehicle Valve Sales Market Share, 2018-2029
4.4 By Type – Global Heavy Duty Vehicle Valve Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application – Global Heavy Duty Vehicle Valve Market Size, 2022 & 2029
5.1.2 Truck
5.1.3 Dump Truck
5.1.4 Tractor
5.1.5 Others
5.2 By Application – Global Heavy Duty Vehicle Valve Revenue & Forecasts
5.2.1 By Application – Global Heavy Duty Vehicle Valve Revenue, 2018-2023
5.2.2 By Application – Global Heavy Duty Vehicle Valve Revenue, 2024-2029
5.2.3 By Application – Global Heavy Duty Vehicle Valve Revenue Market Share, 2018-2029
5.3 By Application – Global Heavy Duty Vehicle Valve Sales & Forecasts
5.3.1 By Application – Global Heavy Duty Vehicle Valve Sales, 2018-2023
5.3.2 By Application – Global Heavy Duty Vehicle Valve Sales, 2024-2029
5.3.3 By Application – Global Heavy Duty Vehicle Valve Sales Market Share, 2018-2029
5.4 By Application – Global Heavy Duty Vehicle Valve Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region – Global Heavy Duty Vehicle Valve Market Size, 2022 & 2029
6.2 By Region – Global Heavy Duty Vehicle Valve Revenue & Forecasts
6.2.1 By Region – Global Heavy Duty Vehicle Valve Revenue, 2018-2023
6.2.2 By Region – Global Heavy Duty Vehicle Valve Revenue, 2024-2029
6.2.3 By Region – Global Heavy Duty Vehicle Valve Revenue Market Share, 2018-2029
6.3 By Region – Global Heavy Duty Vehicle Valve Sales & Forecasts
6.3.1 By Region – Global Heavy Duty Vehicle Valve Sales, 2018-2023
6.3.2 By Region – Global Heavy Duty Vehicle Valve Sales, 2024-2029
6.3.3 By Region – Global Heavy Duty Vehicle Valve Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country – North America Heavy Duty Vehicle Valve Revenue, 2018-2029
6.4.2 By Country – North America Heavy Duty Vehicle Valve Sales, 2018-2029
6.4.3 US Heavy Duty Vehicle Valve Market Size, 2018-2029
6.4.4 Canada Heavy Duty Vehicle Valve Market Size, 2018-2029
6.4.5 Mexico Heavy Duty Vehicle Valve Market Size, 2018-2029
6.5 Europe
6.5.1 By Country – Europe Heavy Duty Vehicle Valve Revenue, 2018-2029
6.5.2 By Country – Europe Heavy Duty Vehicle Valve Sales, 2018-2029
6.5.3 Germany Heavy Duty Vehicle Valve Market Size, 2018-2029
6.5.4 France Heavy Duty Vehicle Valve Market Size, 2018-2029
6.5.5 U.K. Heavy Duty Vehicle Valve Market Size, 2018-2029
6.5.6 Italy Heavy Duty Vehicle Valve Market Size, 2018-2029
6.5.7 Russia Heavy Duty Vehicle Valve Market Size, 2018-2029
6.5.8 Nordic Countries Heavy Duty Vehicle Valve Market Size, 2018-2029
6.5.9 Benelux Heavy Duty Vehicle Valve Market Size, 2018-2029
6.6 Asia
6.6.1 By Region – Asia Heavy Duty Vehicle Valve Revenue, 2018-2029
6.6.2 By Region – Asia Heavy Duty Vehicle Valve Sales, 2018-2029
6.6.3 China Heavy Duty Vehicle Valve Market Size, 2018-2029
6.6.4 Japan Heavy Duty Vehicle Valve Market Size, 2018-2029
6.6.5 South Korea Heavy Duty Vehicle Valve Market Size, 2018-2029
6.6.6 Southeast Asia Heavy Duty Vehicle Valve Market Size, 2018-2029
6.6.7 India Heavy Duty Vehicle Valve Market Size, 2018-2029
6.7 South America
6.7.1 By Country – South America Heavy Duty Vehicle Valve Revenue, 2018-2029
6.7.2 By Country – South America Heavy Duty Vehicle Valve Sales, 2018-2029
6.7.3 Brazil Heavy Duty Vehicle Valve Market Size, 2018-2029
6.7.4 Argentina Heavy Duty Vehicle Valve Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country – Middle East & Africa Heavy Duty Vehicle Valve Revenue, 2018-2029
6.8.2 By Country – Middle East & Africa Heavy Duty Vehicle Valve Sales, 2018-2029
6.8.3 Turkey Heavy Duty Vehicle Valve Market Size, 2018-2029
6.8.4 Israel Heavy Duty Vehicle Valve Market Size, 2018-2029
6.8.5 Saudi Arabia Heavy Duty Vehicle Valve Market Size, 2018-2029
6.8.6 UAE Heavy Duty Vehicle Valve Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 Eaton
7.1.1 Eaton Company Summary
7.1.2 Eaton Business Overview
7.1.3 Eaton Heavy Duty Vehicle Valve Major Product Offerings
7.1.4 Eaton Heavy Duty Vehicle Valve Sales and Revenue in Global (2018-2023)
7.1.5 Eaton Key News & Latest Developments
7.2 Federal-Mogul Motorparts
7.2.1 Federal-Mogul Motorparts Company Summary
7.2.2 Federal-Mogul Motorparts Business Overview
7.2.3 Federal-Mogul Motorparts Heavy Duty Vehicle Valve Major Product Offerings
7.2.4 Federal-Mogul Motorparts Heavy Duty Vehicle Valve Sales and Revenue in Global (2018-2023)
7.2.5 Federal-Mogul Motorparts Key News & Latest Developments
7.3 Hunan Tyen Machinery Co., Ltd.
7.3.1 Hunan Tyen Machinery Co., Ltd. Company Summary
7.3.2 Hunan Tyen Machinery Co., Ltd. Business Overview
7.3.3 Hunan Tyen Machinery Co., Ltd. Heavy Duty Vehicle Valve Major Product Offerings
7.3.4 Hunan Tyen Machinery Co., Ltd. Heavy Duty Vehicle Valve Sales and Revenue in Global (2018-2023)
7.3.5 Hunan Tyen Machinery Co., Ltd. Key News & Latest Developments
7.4 Mahle Group
7.4.1 Mahle Group Company Summary
7.4.2 Mahle Group Business Overview
7.4.3 Mahle Group Heavy Duty Vehicle Valve Major Product Offerings
7.4.4 Mahle Group Heavy Duty Vehicle Valve Sales and Revenue in Global (2018-2023)
7.4.5 Mahle Group Key News & Latest Developments
7.5 Delphi Technologies
7.5.1 Delphi Technologies Company Summary
7.5.2 Delphi Technologies Business Overview
7.5.3 Delphi Technologies Heavy Duty Vehicle Valve Major Product Offerings
7.5.4 Delphi Technologies Heavy Duty Vehicle Valve Sales and Revenue in Global (2018-2023)
7.5.5 Delphi Technologies Key News & Latest Developments
7.6 ElringKlinger AG
7.6.1 ElringKlinger AG Company Summary
7.6.2 ElringKlinger AG Business Overview
7.6.3 ElringKlinger AG Heavy Duty Vehicle Valve Major Product Offerings
7.6.4 ElringKlinger AG Heavy Duty Vehicle Valve Sales and Revenue in Global (2018-2023)
7.6.5 ElringKlinger AG Key News & Latest Developments
7.7 Huaiji Dengyun Auto-Parts(Holding)Co.,Ltd.
7.7.1 Huaiji Dengyun Auto-Parts(Holding)Co.,Ltd. Company Summary
7.7.2 Huaiji Dengyun Auto-Parts(Holding)Co.,Ltd. Business Overview
7.7.3 Huaiji Dengyun Auto-Parts(Holding)Co.,Ltd. Heavy Duty Vehicle Valve Major Product Offerings
7.7.4 Huaiji Dengyun Auto-Parts(Holding)Co.,Ltd. Heavy Duty Vehicle Valve Sales and Revenue in Global (2018-2023)
7.7.5 Huaiji Dengyun Auto-Parts(Holding)Co.,Ltd. Key News & Latest Developments
7.8 Caterpillar Inc.
7.8.1 Caterpillar Inc. Company Summary
7.8.2 Caterpillar Inc. Business Overview
7.8.3 Caterpillar Inc. Heavy Duty Vehicle Valve Major Product Offerings
7.8.4 Caterpillar Inc. Heavy Duty Vehicle Valve Sales and Revenue in Global (2018-2023)
7.8.5 Caterpillar Inc. Key News & Latest Developments
7.9 Chongqing Delin Valve Co., Ltd.
7.9.1 Chongqing Delin Valve Co., Ltd. Company Summary
7.9.2 Chongqing Delin Valve Co., Ltd. Business Overview
7.9.3 Chongqing Delin Valve Co., Ltd. Heavy Duty Vehicle Valve Major Product Offerings
7.9.4 Chongqing Delin Valve Co., Ltd. Heavy Duty Vehicle Valve Sales and Revenue in Global (2018-2023)
7.9.5 Chongqing Delin Valve Co., Ltd. Key News & Latest Developments
8 Global Heavy Duty Vehicle Valve Production Capacity, Analysis
8.1 Global Heavy Duty Vehicle Valve Production Capacity, 2018-2029
8.2 Heavy Duty Vehicle Valve Production Capacity of Key Manufacturers in Global Market
8.3 Global Heavy Duty Vehicle Valve Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Heavy Duty Vehicle Valve Supply Chain Analysis
10.1 Heavy Duty Vehicle Valve Industry Value Chain
10.2 Heavy Duty Vehicle Valve Upstream Market
10.3 Heavy Duty Vehicle Valve Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Heavy Duty Vehicle Valve Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer