The Infinium Global Research analyzes the Automotive VVT System Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global automotive vvt system market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of automotive vvt system. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the automotive vvt system market during the period. The global automotive VVT system market is projected to grow at a CAGR of 4.26% over the forecast period of 2019-2025.
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Variable valve timing (VVT) system helps 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. Close Gear & Products, one of the leading automobile component supplier launched timing chain kits with VVT actuators. Adoption of VVT system in cars have increased as the cars became more fuel efficient.
Stringent Emission Regulations is the Major Factor That Contributes in the Growth of the Automotive VVT System Market
The emission from IC engines produces greenhouse gasses including carbon dioxide, carbon monoxide and methane, which pollutes the air. Rise in the level of pollution have led the regulatory bodies to enforce strict norms on the vehicle emission. The stringent emission regulations is the major factor that contributes in the growth of the automotive VVT system market.
Moreover, booming automobile industry is another factor that boost the growth of 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 in the increase demand for Automotive VVT System. However, the sale of IC engine vehicle is declining due to growing demand for electric vehicles, which is expected to hamper the growth of Automotive VVT System. Additionally, as the 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.
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Asia-Pacific Generated Highest Revenue in the Automotive VVT System Market
Among the geographies, Asia-Pacific generated highest revenue in the Automotive VVT System market. The domination of Asia-Pacific Automotive VVT System market attributes to growing production and demand for vehicles, increased in the per capita income and low interest rates of car loan. Along with Asia-Pacific, Europe accounts for the second largest share in the market owing to stringent emission norms.
Segmentation of the Automotive VVT System Industry
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.
Key Players in the Automotive VVT System Industry
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.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive VVT system.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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