Automotive VVT System Market - Snapshot
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 witnesses the presence of a few major players, as manufacturing of VVT systems is a complicated and expensive affair. Numerous regional players manufacture the components required for the VVT system. These players dominated the market for particular application and aftermarket segments. 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 - Overview
This report analyzes and forecasts the market for automotive VVT system at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (Million Units) from 2018 to 2026. The study includes drivers and restraints of the global automotive VVT system market. It also covers the impact of these drivers and restraints on the demand for automotive VVT system during the forecast period. The report also highlights opportunities in the automotive VVT system market at the global and regional level.
The report comprises a detailed price trend analysis, government regulatory scenarios, value chain analysis, which provides a comprehensive view of the global automotive VVT system market. The Porter’s Five Forces model for the automotive VVT system market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global automotive VVT system market for vehicles by segmenting it in terms of type, vehicle, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for automotive VVT system in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual application segments in all regions.
The study includes company profiles of major players operating in the global automotive VVT system market. Key players in the automotive VVT system market include Aisin Seiki Co. Ltd., BorgWarner Inc., Camcraft, Inc., DENSO Corporation, Eaton Corporation, Federal-Mogul LLC, Hitachi Automotive Systems, Honda Motor Co., Ltd., Johnson Controls, Inc., Mikuni American Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, Schaeffler AG, and Toyota Motor Corporation. Market players have been profiled in terms of attributes such as competitive landscape, manufacturing footprint, company overview, financial overview, business strategies, and recent developments. The market for automotive VVT system is primarily driven by the rising demand for eco-friendly vehicles.
The report provides the estimated market size of automotive VVT system for 2017 and forecast for the next nine years. The global market size of automotive VVT system has been provided in terms of revenue and volume. Market numbers have been estimated based on key valve train, fuel type, system, number of valves, valve actuation type, technology, methods, sales channel, vehicle type, and geography segments of the automotive VVT system market. Market size and forecast for each major type and vehicle have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, revenue share for particular business segment, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, American Automobile Association, European Automobile Manufacturers Association, Automotive Research Association of India, Organization International des Constructeurs d'Automobile (OICA), Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The global automotive VVT system market has been segmented into:
Automotive VVT System Market, by Fuel Type
Automotive VVT System Market, by System
Automotive VVT System Market, by Methods
- Cam Phasing
- Cam Changing
- Cam Phasing + Changing
- Variable Valve
Automotive VVT System Market, by Number of Valves
- Less Than 12
- Between 17 to 23
- More than 24
Automotive VVT System Market, by Technology
- Dual VVT-i
Automotive VVT System Market, by Valve Train
- Single Overhead Cam (SOHC)
- Double Overhead Cam(DOHC)
- Over Head Valve(OHV)
Automotive VVT System Market, by Actuation Type
- Type I
- Type II
- Type III
- Type IV
- Type V
Automotive VVT System Market, by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Electrical Vehicles
Automotive VVT System Market, by End-Use
Automotive VVT System Market, by Geography: The market is broadly segmented on the basis of geography into:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa