The global automotive VVT system market size is expected to reach over US$ 53 Bn by 2027 expanding at a CAGR of nearly 4% during the forecast period 2020 to 2027.
The global market is expected to be influenced by a range of economic, technical, political, social, and industry-specific factors. Latin America is likely to witness an increase in demand for VVT systems, with the market in the region anticipated to expand at a CAGR of 5% during the forecast period. The primary reason for the same is the recent rise in production of passenger and commercial vehicles in counties of Latin America. Latin America is likely to be less hampered by battery electric vehicles, as the adoption of BEVs is not prominent in the region.
Around 28% of the total global emission of greenhouse gas is contributed by the transportation industry. This emission leads to the increase of respiratory disorders among individuals. Global bodies have enacted stringent carbon emission norms on vehicle emission to avoid such cases of deteriorating human health, lower the carbon emitted by vehicles, and enhance IC engine life. VVT systems help vehicles comply with such norms and hence, is expected to propel the overall automotive VVT system market. Development of battery electric vehicles is a cause of rising global carbon footprint, which is expected to hamper the IC engine vehicles market during the forecast period. Thus, it is likely to impact the demand for VVT systems. China 5 and Euro 5 standards are similar in context of the norms to moderate vehicle emission. New vehicles sold through January 2017 were implemented with China 5 standard for gasoline engine, and it is expected to apply to diesel engines since January 2018. China certified real-driving emissions inspection model based on the EU RDE guidelines with a few improvements. The VVT system helps an engine to incorporate such alterations in order to fulfil the norms.
An automotive VVT system helps prolong engine life, as it adeptly improves performance, fuel economy, or emissions. Automotive VVT systems enhance combustion, enrich engine process, improve engine power, reduce fuel consumption, and reduce emissions. They help improve the emission regulator system and minimize ignition glitches in the spark plug, which are likely to lead to serious drivability issues. The VVT system also allows the usage of a smaller engine to achieve the same performance. These factors are expected to drive the demand for automotive VVT systems considerably during the forecast period. The components used in an automotive VVT system include timing solenoid, timing belt, timing idler/pulley, ECU, CAM, and actuators.
Emission from automobiles accounts for 28% of the overall greenhouse gases produced including carbon dioxide and methane, which hamper the environment. This hampered environment affects the health of human beings by propagating respiratory disorders. Regulatory bodies are enacting stringent norms on carbon emissions of automotive to reduce curb such situations and carbon emission. The VVT system helps change the valve timing according to the IC engine cycle. This lead to lowered carbon emission. This, in turn, is anticipated to boost the automotive VVT system market. Engine life is likely to improve due to a VVT system, as it helps maintain the proper cycle of the engine. Expansion of the global automotive VVT system market can be attributable toward the rapid expansion of the automotive industry, rise sales of passenger and commercial vehicles as well as increase in purchasing power of consumers.
Rise in the emission of polluted gases, such as methane, increases the carbon footprint from the transportation sector, which has led to the development of battery electric vehicles. This in turn is estimated to restrain the IC engine vehicles market during forecast period. The function of the VVT system is directly related to the IC engine of the vehicle and any impact on the IC engine is likely to hamper the automotive VVT system market. The automotive VVT system market in some regions is expanding at a moderate pace, owing to minimal usage of VVT system in battery electrical vehicles. This, in turn is expected to hamper the demand for VVT systems.
However, maintenance of components of the VVT system, as it is incorporated in the heat affected zone, and introduction of battery electric vehicles in certain regions are restraining factors that are anticipated to hamper the automotive VVT system market during the forecast period. The global automotive VVT system market is anticipated to expand at a CAGR of more than 4% between 2018 and 2026.
Double Over Head Cam (DOHC) valve train design for the VVT system enables a wider angle between intake valve and exhaust valve as compared to the Single Over Head Cam (SOHC), and Over Head Valve (OHV). Consequently, the DOHC VVT system holds a larger share as compared to other valve train designs. This provides a limited airflow at higher engine speeds. The gasoline fuel segment is anticipated to dominate the market by the end of forecast period. This is primarily due to its major application in the passenger and light duty vehicles. The continuous VVT system is anticipated to dominate the market, as the system offers continuous modification of the valve timing. Rising pollution levels, increasing concerns about human health, and impending necessity for efficient cars to curb carbon footprint are projected to boost the demand for these VVT systems.
In 2017, Asia Pacific held a noticeable share of the global automotive VVT systems market. Recent increase in production and demand of vehicles in counties of Latin America is anticipated to boost the market in the region at a significant growth rate in the near future. Latin America is expected to witness lower penetration of battery electric vehicles, as adoption of BEVs is not prominent in the region. The economic dynamos in Asia Pacific such as China, Japan, and South Korea are focusing more on the adoption of battery electric vehicles and are expected to witness restrained growth of VVT system, as battery electrical vehicles are expected to hamper the market of automotive VVT systems. However, Asia Pacific witnesses a considerable demand for VVT systems from the developing countries in South Asia and ASEAN. Decline in car loan interest rates, availability of customized financial schemes, and increase in per capita income of consumers are some factors that are boosting the production of passenger vehicles, which in turn is anticipated to drive the automotive VVT systems market in the region during forecast period.
The Automotive VVT System market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive VVT System market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive VVT System market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive VVT System market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive VVT System market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive VVT System capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive VVT System by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive VVT System market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive VVT System market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive VVT System market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive VVT System industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Automotive VVT System market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive VVT System market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive VVT System market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive VVT System market. These factors have benefited the growth of the global market for Automotive VVT System. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive VVT System. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Major players operating in the global automotive VVT system market include Johnson Controls, Inc., Mikuni American Corporation, Aisin Seiki Co. Ltd., Camcraft, Inc., Federal-Mogul LLC, Eaton Corporation, Hitachi Automotive Systems, Mitsubishi Electric Corporation, Robert Bosch GmbH, DENSO Corporation, Schaeffler AG, Honda Motor Co., Ltd., BorgWarner Inc., and Toyota Motor Corporation. Strategic players are focusing more on mergers and acquisitions with regional players, which provide different components required to fabricate the VVT system in order to develop their businesses. Several key players emphasize more on R&D in order to improve functionality and efficiency of the VVT system.
Automotive VVT System Market, by Fuel Type
Automotive VVT System Market, by System
Automotive VVT System Market, by Methods
Automotive VVT System Market, by Number of Valves
Automotive VVT System Market, by Technology
Automotive VVT System Market, by Valve Train
Automotive VVT System Market, by Actuation Type
Automotive VVT System Market, by Vehicle Type
Automotive VVT System Market, by End-use
Automotive VVT System Market, by Geography:
In this study, the years considered to estimate the market size of Automotive VVT System are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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