The sleeve valve is a type of valve mechanism for piston engines, distinct from the usual poppet valve. Sleeve valve engines saw use in a number of pre–World War II luxury cars and in the United States in the Willys-Knight car and light truck. They subsequently fell from use due to advances in poppet-valve technology, including sodium cooling, and the Knight system double sleeve engine's tendency to burn a lot of lubricating oil or to seize due to lack of it. The Scottish Argyll company used its own, much simpler and more efficient, single sleeve system (Burt-McCollum) in its cars, a system which, after extensive development, saw substantial use in British aircraft engines of the 1940s, such as the Napier Sabre, Bristol Hercules, Centaurus, and the promising but never mass-produced Rolls-Royce Crecy, only to be supplanted by the jet engines.

A sleeve valve takes the form of one (or in the case of double sleeve valves, two) machined cylinders which fit concentrically between the piston and the cylinder block bore of an internal combustion engine having cross-flow induction/exhaust. These sleeves have inlet and exhaust ports machined in the periphery, analogous to a two-stroke motor. Ports (apertures) in the periphery of the sleeves come into alignment with the cylinder's inlet and exhaust ports at the appropriate stages in the engine's cycle.

The first successful sleeve valve was patented by Charles Yale Knight, and used twin reciprocating sleeves per cylinder. It was used in some luxury automobiles, notably Willys, Stearns, Daimler, Mercedes-Benz, Minerva, Panhard, Peugeot and Avions Voisin. Mors adopted double sleeve-valve engines made by Minerva. The higher oil consumption was heavily outweighed by the quietness of running and the very high mileages without servicing. Early poppet-valve systems required decarbonization at very low mileages and were prone to valve spring failure before the later advances in spring technology.

The Burt-McCollum sleeve valve was named for the two inventors who applied for similar patents within a few weeks of each other. The Burt system was an open sleeve type, driven from the crankshaft side, while the McCollum design had a sleeve in the head and upper part of the cylinder, and a more complex port arrangement (Source: 'Torque Meter' Magazine, AEHS). The design that entered production was more 'Burt' than 'McCollum.' It was used by the Scottish company Argyll for its cars, and was later adopted by Bristol for its radial aircraft engines and the Halford-designed Napier Sabre. It used a single sleeve driven by an eccentric from a timing axle set at 90 degrees to the cylinder axis. Mechanically simpler and more rugged, the Burt-McCollum valve had the additional advantage of reducing oil consumption (compared with other sleeve valve designs), while retaining the combustion chambers and big, uncluttered, porting area established in the Knight system.

A small number of designs used a "cuff" sleeve in the cylinder head instead of the cylinder proper, providing a more "classic" layout compared with traditional poppet valve engines. This design also had the advantage of not having the piston within the sleeve, although in practice this appears to have had little practical value. On the downside, this arrangement limited the size of the ports to that of the cylinder head, whereas in-cylinder sleeves could have much larger ports.

The main advantages of the sleeve-valve engine are:

Most of these advantages were evaluated and established during the 1920s by Roy Fedden, Niven, and Ricardo, possibly the sleeve valve engine's greatest advocate. He conceded that some of these advantages were significantly eroded as fuels improved up to and during World War II and as sodium-cooled exhaust valves were introduced in high-output aircraft engines.

A number of disadvantages plagued the single sleeve valve: