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VVT Market worth 37.9 Billion USD by 2020
The report "VVT Market (Cam Phasing and Cam Phasing plus Changing) & Start-Stop Systems (Direct Starter, Enhanced Starter, Belt-Driven Alternator Starter (BAS), and Integrated Starter Generator (ISG) Market - Global Trends & Forecast by Technology & Geography to 2020", defines and segments the automotive VVT and start-stop system market with analysis and projection of the market size in terms of volume and value.
Browse 76 tables and 63 figures spread through 180 Pages and in-depth TOC on "VVT Market (Cam Phasing and Cam Phasing plus Changing) & Start-Stop Systems (Direct Starter, Enhanced Starter, Belt-Driven Alternator Starter (BAS), and Integrated Starter Generator (ISG) Market - Global Trends & Forecast by Technology & Geography to 2020"
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Thus, the market for VVT systems is estimated to grow at a CAGR of 6.0% from 2015 to 2020, from USD 28.3 Billion in 2015 to USD 37.9 Billion by 2020.
Asia-Oceania: Biggest market for automotive VVT system
Asia-Oceania comprises countries such as China, Japan, India, and South Korea are witnessing huge growth of VVT systems mainly due to increasing demand for fuel-efficient vehicles and strict emission norms. The region has the largest share of VVT systems globally due increased manufacturing of vehicles equipped with VVT systems. The market India is growing at a very high pace due to increased preference for diesel-powered vehicles, which has resulted in the demand for VVT system for diesel engines. Many automotive manufacturers are focusing on Asia-Oceania region considering various benefits such as easy availability of economic labor, access to advanced machines, lenient regulations for environment and safety, increased FDI for automotive industry in countries such as India, South Korea, and China have resulted in growing demand for vehicles. With increased per capita income and increased preference towards premium cars, the key premium/luxury passenger car manufacturers, such as Jaguar (U.K.), Land Rover (U.K.), Porsche (Germany), Ford Motors (U.S.), FCA group (U.K.), BMW (Germany), Volkswagen Group (Germany), and Mercedes Benz (Germany) have already set up their manufacturing units in Southeast Asia. The used car market in India and China is gaining momentum rapidly, increasing the demand for lower price segment cars. The increasing demand for high-performance fuel-efficient vehicles and stringent emission norms have forced VVT system manufacturers to develop advanced systems, which would cater customer demand.
Cam Phasing plus Changing System: Adoption of VVT Expected to Increase in Developed Regions
Following an increase in performance-oriented fuel-efficient vehicles and stringent emissions regulations in developed regions, the penetration of advanced VVT systems comparatively cam-phasing plus changing systems is estimated to be higher in Asia-Pacific and Europe. The market for VVT systems is further estimated to increase with the rising production levels of automobiles incorporated with these advanced technologies. Considering customer preferences, the regional adoption of these technologies varies. Europe is projected to witness moderate growth for VVT systems due to saturation of VVT technology in Germany, France, and Spain. High rate of technological adoption in regions such as China, Japan, and South Korea is also a driving factor for the growth of these systems.
The report covers the global automotive VVT and Start-Stop system market in terms of volume (‘000 units) and value (USD Million) across the regions of Asia-Oceania, Europe, North America, and the rest of the world (RoW). It explains the qualitative and quantitative aspects of automotive VVT and start-stop system market on the basis of fuel type, region, technology, components, from 2015 to 2020.
It also provides an overview of technical and economic factors and other important aspects of the automotive VVT and start-stop system market. The report includes SWOT analysis, value chain analysis, competitive analysis, Porter’s five forces analysis, the competitive landscape, product life cycle of VVT and start stop system, statistics on who supplies to whom, and company profiles of 10 key players of the automotive VVT and start-stop systems.
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