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Market research analysts at Technavio have predicted that in terms of units shipped, the global automotive hydro mechanical variable transmission systems market will grow impressively at a CAGR of almost 67% by 2020. HVT (Hydro-mechanical variable transmission) systems combine hydrostatic and mechanical transmission systems and are controlled by a single electronic control. HVT systems offer more fuel efficiency than the other transmission systems without compromising the efficiency of the vehicle and also offer sharp focus on energy efficiency and lower emissions. This system uses a pump motor instead of a variator, which makes it suitable for machines that work with high loads. Moreover, HVT produces equal speed in both forward and reverse gears, thereby maximizing transmission efficiency.
Advancements in technology have led to the replacement of mechanical components with electronic components and this electrification of vehicles has helped to reduce the weight of the vehicle and ensure higher accuracy in operations. Owing to this, there will be an increased adoption of electrification of the powertrain systems in the automotive industry. This advancement in powertrain technology will subsequently lead to lower CO2 emissions and high fuel efficiency, which in turn will attract significant interest from consumers and original equipment manufacturers (OEMs).
During 2015, the Americas dominated the automotive HVT systems market and accounted for about 45% of the total market share. Factors such as higher fuel economy, the growing demand for low emission technologies, enhanced driving experience, and increased productivity will propel the growth of the market in this region in the coming years.
Though the market is currently consolidated with a few major players, the growing need for cost-effective and efficient transmission systems will provide new vendors the opportunity to enter the market. Existing players are constantly increasing their R&D expenditures to develop new transmission systems. This will further intensify vendor competition in the market in the next four years.
The leading vendors in the market are -
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market drivers
PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Geographical segmentation
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
PART 15: Explore Technavio
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