Continuously Variable Transmissions System Market in APAC 2016-2020

Overview of the continuously variable transmissions (CVT) system market in APAC

Technavio’s market research analyst predicts that the continuously variable transmissions (CVT) system market in APAC will grow impressively at a CAGR of just over 12% during the forecast period. Rising health and environmental concerns have led to the implementation of stringent emission norms, which in turn is expected to drive the prospects for growth in this market over the next few years. Besides this factor, the globalization of the auto industry will have a big impact on the APAC region.  Earlier, such regulations were mostly prevalent in developed countries such as US, Germany, UK and Canada. However, various countries from APAC have adopted emission regulations in a bid to control the harmful impact on the natural environment. Such legislations mandate the use of efficient technologies that help to reduce emissions and improve fuel economy. With more countries adopting emission norms, the OEMs are expected to drive the adoption of CVT system at a rapid pace until the end of 2020.

In this industry research report, the analysts have estimated factors such as advances in the powertrain technology to contribute to the growth of this market over the forecast period. Early transmission systems comprised of multiple mechanical components, which were replaced with electronic components. The incorporation of electronic components will not only help to reduce the weight of the vehicle but also ensure higher accuracy in operations.Recent advances in powertrain technology have also led to the introduction of transmission systems that have higher internal pressures and greater instantaneous forces. Such technological advances enable seamless gear shifts without the loss of tractive force. Since these advances have made quite an impression on manufacturers and consumers, it will lead to the extensive use of CVT technologies until the end of 2020.

Segmentation by vehicle type and analysis of the CVT system market in APAC

• Passenger cars
• Commercial vehicles

The passenger car segment dominated the market and accounted for a market share of more than 84% during 2015. The APAC region is the largest market for passenger cars in the world and is also the fastest technology adopter. With the introduction of strict regulations pertaining to safety, emissions, and fuel economy, many automakers have been compelled to introduce AT and CVT in many of their models. CVT technologies are also used in hybrid vehicles as they have the ability to use electrical and fuel power simultaneously.

Competitive landscape and key vendors

The CVT system market in APAC is highly consolidated and is dominated by the four leading vendors. The market is characterized by innovation and the development of advanced CVT systems. The complex nature of the automotive industry is having an impact on CVT system manufacturers as they face cost restrictions and pressure from OEM suppliers. The top four vendors account for over 80% of the total market share in APAC.

Key vendors in the market are -

• Aisin AW
• Punch Powertrain
• IAV
• JATCO

Other prominent vendors in the market include BorgWarner, Chery Automobile, LuK, and TEAM.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the CVT system market in APAC?
• What are the key market trends impacting the growth of the CVT system market in APAC?
• What are the challenges to market growth?
• Who are the key vendors in the CVT system market in APAC?
• What are the market opportunities and threats faced by the vendors in the CVT system market in APAC?
• Trending factors influencing the market shares in APAC.
• What are the key outcomes of the five forces analysis of the CVT system market in APAC?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Continuously Variable Transmission System 2015-2019
• Global Automotive Connectors Market 2015-2019
• Global Automotive MEMS Market 2015-2019
• Global Hybrid Commercial Vehicle Market 2016-2020

Continuously variable transmissions (CVT) is a form of automatic transmission which technically doesn't have gears, and hence, the driver doesn't feel gear shifts experienced in a standard mechanical transmission. Vehicles equipped with CVT systems have an above-average fuel economy and an efficient power delivery. Such vehicles reduce the effort on the gear shift and add to the convenience of the driver. These vehicles have a high demand in regions such as APAC, which experience massive traffic congestions.

The report, continuously variable transmissions system market in APAC, is part of Technavio’s automotive research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as auto accessories, automotive components, automotive electronics, automotive manufacturing, automotive services, powertrain, and wheels and tires. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.