NEW
YORK, July 4, 2024 /PRNewswire/ -- The
global automotive dual variable valve timing market size
is estimated to grow by USD
13.38 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 6.69%
during the forecast period. Increasing demand for fuel-efficient
vehicles is driving market growth, with a trend
towards development of electric dual vvt technology.
However, increasing focus on adoption of evs globally
poses a challenge. Key market players include AISIN CORP.,
BorgWarner Inc., Cummins Inc., DENSO Corp., Eaton Corp. Plc, Ford
Motor Co., General Motors Co., Hitachi Ltd., Honda Motor Co. Ltd.,
Hyundai Motor Co., MAHLE GmbH, Mitsubishi Electric Corp., Precision
Camshaft Ltd., Renault SAS, Schaeffler AG, Stellantis NV, Tenneco
Inc., Toyota Motor Corp., Volkswagen AG, and Zhejiang Geely Holding
Group Co. Ltd..
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
snapshot of this report
Automotive Dual
Variable Valve Timing Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.69%
|
Market growth
2024-2028
|
USD 13383
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
6.15
|
Regional
analysis
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 58%
|
Key
countries
|
China, US, Japan,
Germany, and France
|
Key companies
profiled
|
AISIN CORP., BorgWarner
Inc., Cummins Inc., DENSO Corp., Eaton Corp. Plc, Ford Motor Co.,
General Motors Co., Hitachi Ltd., Honda Motor Co. Ltd., Hyundai
Motor Co., MAHLE GmbH, Mitsubishi Electric Corp., Precision
Camshaft Ltd., Renault SAS, Schaeffler AG, Stellantis NV, Tenneco
Inc., Toyota Motor Corp., Volkswagen AG, and Zhejiang Geely Holding
Group Co. Ltd.
|
Market Driver
The global automotive dual variable valve timing (VVT) market is
witnessing significant growth due to the emergence of electric DVVT
(eDVVT) technology. EDVVT offers advantages such as precise and
dynamic control over valve timing, faster and more accurate
adjustments, and improved engine performance and fuel efficiency.
Automakers prefer eDVVT systems due to their potential to enhance
engine power, torque, and overall efficiency. BrogWarner's P2Drive
eDVVT system is an example of this innovation. As the automotive
industry shifts toward electrification and hybridization, eDVVT
technology becomes increasingly important for optimizing internal
combustion engines (ICEs) in hybrid vehicles, reducing emissions,
and enhancing efficiency. This trend is expected to drive the
growth of the global automotive dual VVT market during the forecast
period.
The Automotive Dual Variable Valve Timing (VVT) market is
experiencing significant growth due to the increasing demand for
improved engine performance and fuel efficiency. VVT technology
allows for optimal engine performance at various RPM levels,
resulting in reduced emissions and enhanced power output. Fuel
economy is a key trend in the automotive industry, and VVT
technology plays a crucial role in achieving this goal.
Additionally, the cost-effective nature of VVT systems makes them
an attractive option for automakers seeking to meet stringent
emissions regulations. The future of the Automotive VVT market
looks promising, with continued advancements in technology and
increasing adoption rates.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• The automotive
dual variable valve timing market faces challenges due to the
growing trend towards electric vehicles (EVs). Governments and
consumers have significantly increased spending on EVs, surpassing
USD 400 billion in 2022. The Indian
Government's Faster Adoption and Manufacturing of Electric Vehicles
(FAME) program offers incentives for charging infrastructure and
encourages EV adoption. This shift from internal combustion engine
(ICE) vehicles to EVs has reduced the demand for engines and their
components, including dual variable valve timing systems. Thus, the
market growth may be impeded due to the increasing adoption of
EVs.
• The Automotive
Dual Variable Valve Timing (VVT) market faces several challenges.
One challenge is the complexity of implementing VVT technology in
various vehicle models and engines. Another challenge is the cost
of developing and manufacturing VVT systems that offer significant
fuel efficiency and power improvements. Additionally, stringent
emissions regulations require continuous advancements in VVT
technology to meet these standards. Furthermore, the increasing
popularity of electric and hybrid vehicles may impact the demand
for VVT technology in traditional internal combustion engines.
Lastly, the competition among automotive suppliers and OEMs to
offer the most advanced and cost-effective VVT solutions adds to
the market's challenges.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This automotive dual variable valve timing market report
extensively covers market segmentation by
- Application
- 1.1 Passenger cars
- 1.2 Commercial vehicles
- Type
- 2.1 Hydraulic cam phaser
- 2.2 Electric cam phaser
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Passenger cars- The passenger cars segment
dominates the global automotive dual variable valve timing market
due to the integration of this technology in modern vehicles. Dual
VVT optimizes engines, enhances fuel efficiency, and reduces
emissions, driving sales in developing economies like China, where electric passenger cars accounted
for 22% of total sales in 2022. Stringent emission norms and the
demand for fuel-efficient vehicles further fuel market growth.
Innovative systems like Toyota's VVT-i and Honda's i-VTEC improve
performance and efficiency. Regulations on passenger vehicle
emissions will continue to push market expansion.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Automotive Dual Variable Valve Timing (VVT) Market
encompasses the development, production, and implementation of
advanced VVT systems in various vehicle types, including passenger
vehicles and commercial vehicles. These systems, which can be
gasoline or diesel-powered, optimize engine performance and reduce
emissions by adjusting the timing of valve opening and closing
during the intake and exhaust strokes. Gasoline VVT systems, such
as Cam-phasing and Cam-phasing plus changing, improve fuel
efficiency and reduce greenhouse gas emissions, including carbon
dioxide and methane, in passenger cars and light commercial
vehicles. Similarly, Diesel VVT systems enhance efficiency and
lower emissions in diesel-powered vehicles. Regulatory bodies play
a crucial role in setting emission standards and promoting the
adoption of these advanced technologies. Start-stop systems, which
are often integrated with VVT systems, help reduce idling and
improve fuel economy during light acceleration. Overall, the
Automotive Dual Variable Valve Timing Market is a significant
contributor to the reduction of emissions from the transportation
sector.
Market Research Overview
The Automotive Dual Variable Valve Timing (VVT) market refers to
the technology that optimizes engine performance by adjusting the
timing of intake and exhaust valves. This system improves fuel
efficiency, reduces emissions, and enhances engine power. VVT
systems are essential in modern engines, particularly in
turbocharged and supercharged engines. The technology is widely
used in various vehicle types, including passenger cars and
commercial vehicles. The market for Automotive DVTT is expected to
grow due to increasing demand for fuel-efficient and eco-friendly
vehicles. Additionally, stringent emission regulations and
advancements in engine technology are driving the market's growth.
The system's components include camshafts, crankshafts, timing
belts or chains, and actuators. The market's key drivers are the
increasing demand for downsizing engines, the need for improved
engine performance, and the growing trend towards electrification
in the automotive industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Passenger Cars
- Commercial Vehicles
- Type
-
- Hydraulic Cam Phaser
- Electric Cam Phaser
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/automotive-dual-variable-valve-timing-market-size-is-set-to-grow-by-usd-13-38-billion-from-2024-2028--increasing-demand-for-fuel-efficient-vehicles-boost-the-market-technavio-302188818.html
SOURCE Technavio