A recent report published by Infinium Global Research on automotive VVT system market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive VVT system market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive VVT system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive VVT system market. According to the report, the global automotive VVT system market is projected to grow at a CAGR of 4.26% over the forecast period of 2019-2025.
Variable valve timing (VVT) system helps the vehicle to improve performance, fuel economy, and control emission. Many of the car manufacturers including Toyota, Renault, Proton, and Hyundai have integrated VVT systems into the engines of their recently launched cars. The VVT system is evolving as the technology is advancing. Cloyes Gear & Products, one of the leading automobile component supplier launched timing chain kits with VVT actuators. The adoption of the VVT system in cars has increased as the cars became more fuel-efficient.
The emission from IC engines produce greenhouse gasses including carbon dioxide, carbon monoxide, and methane, which pollutes the air. A rise in the level of pollution has led the regulatory bodies to enforce strict norms on vehicle emissions. The stringent emission regulations are the major factor that contributes to the growth of the automotive VVT system market. Moreover, the booming automobile industry is another factor that boosts the growth of the automotive VVT system market. Around 86 million cars were sold in the top 54 world markets in 2018 alone, while SUVs were popular worldwide. Advantages of VVT system such as improved performance, fuel economy and lower emission of the engine of vehicle contributed to the increasing demand for automotive VVT system. However, the sale of IC engine vehicle is declining due to the growing demand for electric vehicles, which is expected to hamper the growth of automotive VVT system. Additionally, as technology advances, new and innovative products are being launched in the market. This is expected to offer lucrative growth opportunities for the players in the automotive VVT system market.
Among the geographies, Asia-Pacific generated the highest revenue in the automotive VVT system market. The domination of the Asia-Pacific automotive VVT system market attributes to growing production and demand for vehicles, an increased in the per capita income and low-interest rates of the car loan. Along with Asia-Pacific, Europe accounts for the second-largest share in the market owing to stringent emission norms.
The report on global automotive VVT system market covers segments such as technology, valve train, fuel, and vehicle type. On the basis of technology, the sub-markets include VVT-I, VVT-iE, and VVT-IW. On the basis of valve train, the sub-markets include single overhead cam (SOHC), and double overhead cam (DOHC). On the basis of fuel, the sub-markets include gasoline, and diesel. On the basis of vehicle type, the sub-markets include passenger vehicle, and commercial vehicle.
The report provides profiles of the companies in the market such as Aisin Seiki Co., Ltd., DENSO Corporation, Robert Bosch GmbH, BorgWarner Inc., Schaeffler Group, Continental AG, Eaton Corporation PLC, Hitachi, Ltd., Johnson Controls International Plc, Mitsubishi Electric Corporation, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive VVT system market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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