Variable Valve Timing Market is expected healthy 7% CAGR during the forecast period of 2019-2023. Diesel Operated Cars to Note Massive Demand in Variable Valve Timing Market. Global Variable Valve Timing Industry categorized By Technology type (Cam-Phasing System, Variable Valve Actuation Systems and Others), fuel type (Gasoline Variable Valve Timing System and Diesel Variable Valve Timing System), engine size (compact size, full-size and mid-size), application (Passenger Cars, Commercial Vehicles and Others) and Region Forecast to 2023. —
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Key Players Analysis in This Report:
Top players in the variable valve timing market are Hilite International, Inc. (U.S.), Robert Bosch GmbH (Germany), Eaton Corporation Plc (Republic of Ireland), Delphi Automotive System Inc (U.S.), Hitachi (Japan), Denso Corporation (Japan), Continental AG (Germany), Mitsubishi Electric Corporation (Japan), Perodua (Malaysia), Metaldyne Performance Group Inc. (U.S.), Aisin Seiki Co. Ltd (Japan), Johnson Controls, Inc. (Ireland), HUSCO International (U.S.), to name a few.
Global Variable Valve Timing Market Overview:
Market Research Future (MRFR) notes that the global variable valve timing (VVT) market has observed significant growth in recent years and can achieve a CAGR of 7% during the forecast period (2017-2023).
Top Drivers and Primary Challenges
The global VVT market demand is continuously rising, mainly owing to the soaring demand for fuel economy of engines, along with power and torque. Several regulations about emissions also boost demand for advanced VVT technology as it helps bring down emissions.
Several law enforcement authorities now ensure that the automakers create engines that generate the lowest possible emissions, which is resulting in developments in the VVT technology. Moreover, the worldwide surge in automobile sales also works in favor of the VVT market.
Having said that, competing technologies like start-stop system give tough competition to the VVT technology in the market. However, rising inclination towards diesel operated passenger cars will ensure smooth progress of the market in the coming years. It is also believed that increasing household income and infrastructural developments can have a positive impact on the variable valve timing market in the forthcoming years.
Variable Valve Timing Market Segmentation Analysis
The Variable Valve Timing market has been segmented on the basis of technology type, fuel type, engine size, and application.
The primary segments with respect to which the global variable valve timing (VVT) market has been described in the report include technology type, fuel type, engine size, and application.
The market, considering the technology, includes cam-phasing system, variable valve actuation systems, and others. Between these, cam phasing systems had been the leading segment in the market in 2016, revenue-wise. The segment’s top position in the market is the result of the simplicity and the ability to modify the timing of closing and opening in cam phasing systems.
Depending on the fuel type, the market caters to Diesel Variable Valve Timing Systems and Gasoline Variable Valve Timing Systems. The Gasoline Variable Valve Timing System segment can have significant growth over the assessment period, on account of the high demand for gasoline engines, given the rising production of passenger cars. In addition, boosted demand for luxury and semi-luxury vehicles in emerging countries like India, Brazil and China also propels the position of the segment.
In terms of the engine size, the variable valve timing (VVT) market includes compact size, full-size and mid-size.
Application-based segments in the variable valve timing (VVT) market are passenger cars, commercial vehicles, and others.
Variable Valve Timing Market Detailed Regional Analysis:
The regional study of the global variable valve timing (VVT) market includes North America, Europe, Asia Pacific (APAC), and also the Rest of the World (RoW).
The VVT market in North America is expected to gain the highest traction during the evaluation period. High sales of special utility vehicles as well as cross-over models, primarily in the passenger cars segment is one of the main drivers of the market growth in the region. The hike in the demand for fuel economy coupled with growing advancement of in-vehicle technologies also favors the regional market. Some additional factors that promote market growth in the region include depletion of oil reserves and rising need for fuel-efficient technologies.
Europe exhibits a host of attractive opportunities for growth and can have a remarkable growth during the projection period. The thriving automotive sector in the region has given way to numerous technological advancements. These advancements are most likely to have a profound effect on the growth trajectory of the variable valve timing (VVT) market in Europe. Over and above that, stringent regulations implemented by the European Union to maintain air quality will result in further market expansion in the years ahead.
APAC is touted to demonstrate the fastest growth in the global market, with backing from factors like emission norms levied by governments in India and China. Also, considerable investments by original equipment manufacturers in the manufacturing process of bigger cars that have advanced emission control equipment are believed to be a deciding factor in the fate of the market during the review period.
Table of Contents
2.Scope of The Report
2.1. Market Definition
2.2. Scope of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3.1. Porter's Five Forces Analysis
3.1.1. Threat of New Entrants
3.1.2. Bargaining Power of Buyers
3.1.3. Threat of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power of Buyers
3.2. Value Chain/Supply Chain Analysis
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