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The automotive dual variable valve timing market size is forecast to increase by USD 13.38 billion at a CAGR of 6.69% between 2023 and 2028. The market's growth hinges on several factors, including the rising demand for fuel-efficient vehicles, the global adoption of stringent emission regulations, and the increasing market demand for performance-oriented vehicles. As consumers become more environmentally conscious, there is a growing preference for vehicles that offer superior fuel efficiency, driving innovation and adoption of advanced technologies. Stringent emission regulations worldwide compel manufacturers to produce cleaner and more efficient vehicles, further boosting market growth. Additionally, the demand for performance-oriented vehicles remains strong, with consumers seeking enhanced driving experiences. These factors collectively drive the market, emphasizing the importance of efficiency, regulatory compliance, and performance in the automotive industry.
It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018-2022.
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The market is propelled by the rising demand for fuel-efficient and environmentally friendly vehicles. As regulatory bodies emphasize emission reductions, gasoline, diesel, and battery-powered vehicles adopt advanced VVT systems. Engine efficiency is enhanced through technologies like Cam-phasing and Cam-phasing plus changing, affecting passenger and commercial vehicles positively. Start-stop systems, idling, and light acceleration see improvements, reducing emissions of greenhouse gases like methane and carbon dioxide. The market witnesses a shift towards electric vehicles, marking a notable trend. Challenges include adapting Heavy Commercial Vehicle types to integrate efficient VVT systems. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the market growth is the increasing demand for fuel-efficient vehicles. There is an increasing preference for more efficient transportation options among consumers and regulatory bodies due to the growing concern for environmental issues and increasing fuel prices. Additionally, the rising demand for fuel efficiency has significantly contributed to the adoption of dual VVT systems in the automotive industry. Furthermore, there is a significant effect of greenhouse gas emissions on climate change over the years. One of the main causes of CO2 emissions is from the transportation industry.
As a result, there is an increase in demand for fuel-efficient cars due to the rising environmental concerns among the public. Manufacturers are developing new cars equipped with advanced technologies such as dual VVT systems. It enables precise control over valve timing, optimizing engine performance, and fuel efficiency. Hence, such factors, including VVT systems, gasoline, petrol, battery-powered vehicles, regulatory bodies, Internal Combustion (IC) engine, Double Over Head Cam (DOHC) valve train design, Start-stop systems, Emissions, Diesel VVT systems, Efficiency, Passenger cars, Light commercial vehicles, and Cam-phasing, are expected to drive market growth during the forecast period.
A key factor shaping the market growth is the evolving aftermarket e-commerce. There has been a significant shift in terms of production, distribution, and sales of automobiles and auto components in the automotive industry. Additionally, there is a drastic change in traditional ways of sales and advertising with the advent of new technologies and the accessibility of product/component-related information through digital platforms.
Furthermore, several auto component and accessory manufacturers are providing innovative offerings by leveraging online channels to reach the aftermarket customer segment. For example, In March 2019, Schaeffler, an auto component manufacturer, launched an aftermarket application for its customers under the name Parts4U. This application was specifically designed for mechanics and retailers to ensure access to information containing different part numbers as well as repair, training, and solutions. Hence, such factors are expected to drive market growth during the forecast period.
Increasing focus on the adoption of EVs globally is one of the key challenges hindering market growth. There is an increasing adoption of the concept of EVs among automotive manufacturers due to the growing focus on controlling emissions and reducing air pollution. Additionally, factors such as improvements in battery technology and charging infrastructure and support from the government through subsidies have fuelled its adoption further.
Thus, there is an increasing shift in preference among consumers towards EVs from ICE vehicles which is negatively impacting the market. Due to this significant adoption of EVs, there is a decline in demand for engines and their components which is expected to hinder market growth during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AISIN CORP: The company offers automotive dual variable valve timing, such as vane-type VVT, which uses a variable-length intake manifold in conjunction with VVT to improve engine performance and fuel economy.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The passenger cars segment is estimated to witness significant growth during the forecast period. There is increasing adoption of dual VVT technology across the modern passenger car segment due to its ability to optimize engines enhance fuel efficiency, and minimize emissions. Additionally, there is a rising volume of sales of passenger cars, especially in developing countries like China, India, and Southeast Asian nations which is significantly contributing to the growth of this segment.
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The passenger cars segment was the largest and was valued at USD 15.91 billion in 2018. Automotive manufacturers continually integrate innovative technologies, such as automotive dual variable valve timing, to enhance engine performance, improve fuel efficiency, and minimize emissions, thereby offering a more satisfying and sustainable driving experience for passengers across the world. Furthermore, the stringent emission norms enforced by the regulatory authorities are significantly fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Additionally, there is a growing concern regarding increasing environmental concerns and the requirement for reduced emissions which is also positively impacting the market growth in the region. Furthermore, some of the countries in APAC, including China and India, are enforcing stringent emission regulations to combat pollution. Additionally, in Japan, passenger vehicles must have evaporative emission tests. Thus, the increasing uptake of advanced emission control devices in vehicles is driving the market growth in the region during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is witnessing dynamic developments in engine technology and design, addressing factors like fuel efficiency and environmental concerns. From traditional Internal Combustion (IC) engines to modern Double Over Head Cam (DOHC) and Single Over Head Cam (SOHC) valve train designs, advancements cater to varied preferences. Variable Valve Timing (VVT) systems, both for petrol and diesel engines, contribute to efficiency. Innovations by major players like Analog Devices and Maxim Integrated drive technological breakthroughs. The market embraces eco-friendly vehicles, urbanization, electrification, and autonomous driving trends, with a focus on safety and security requirements. Integration of start-stop technology and the lightweight, high-performance material marks emerging revenue pockets. Challenges include the high cost and associated risks of start-stop systems, necessitating adaptability to changes in market regulations.
The market undergoes significant transformations with the integration of cutting-edge technologies. From Double Over Head Cam (DOHC) to Over Head Valve (OHV) designs, the industry experiences innovations in valve train engineering. The International Organization of Motor Vehicle Manufacturers (OICA) plays a pivotal role, emphasizing global standards. Merger & acquisition strategies reshape the competitive landscape. Valve lift events, the heart of engine performance, are refined through diesel and gasoline VVT systems. The sector addresses the diverse needs of automotive production, international trade, and the evolving landscape of electrification and autonomous vehicles. Synergies in electrification and technologies like cylinder deactivation, intelligent start-stop, and lightweight materials respond to the demands of fuel efficiency, high-performance models, and sustainability in developing regions.
Market Scope |
|
Report Coverage |
Details |
Page number |
189 |
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 13.38 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
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 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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 dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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