Global Automotive Continuously Variable Transmission System Market 2017-2021

Overview of the global automotive continuously variable transmission system market

According to Technavio’s research analysis, the improvements in powertrain systems will be one of the major factors that will have a positive impact on the growth of the global automotive continuously variable transmission (CVT) system market till 2021. The automotive powertrain consists of the engine, transmission, and the drivetrain of the vehicle. With better systems in place, mechanical components of a powertrain system are being substituted with electronic components that raises the overall efficiency of the transmission systems. The utilization of enhanced hydraulic systems, high-speed sensors, microprocessors, and high-strength steel metal belts to raise the engine's torque handling capacity is the main factor for growth in the modern CVT system market present in the powertrain systems. In addition to CVT systems, other electronic gearshift control technologies like electronic continuously variable transmissions (ECVT), advanced DCTs, 8-speed AT, 9-speed AT, and 10-speed AT systems are also being developed in the market. Our market research analysts predict that in terms of units, this market will grow at a CAGR of more than 6% by 2021.

The introduction of new CVT designs and models is one of the key trends that will contribute to the growth of this automotive transmission system market in the forthcoming years. The modernization of technology has led to improvements in the automotive CVT systems in terms of refinement and efficiency. Modern CVTs currently utilize better electronic systems in terms of software or components present in an ECU that is also referred as transmission control module (TCM). One of the popular manufacturers, Varibox has also introduced new CVT products that offer an alternative CVT design with numerous benefits to overcome the higher cost and increased complexities of CVT systems.

Competitive landscape and key vendors  

The automotive CVT market consists of few key vendors and is characterized by the presence of well-diversified international and regional players. Key vendors in the market are presently expanding their customer base and raising their investments in R&D activities. The competitive environment in the market will increase with the advancements in technology and government regulations.

The leading vendors in the market are –

• Aisin Seiki
• JATCO
• Punch Power Train
• IAV Automotive Engineering

The other prominent vendors in the market are Efficient Drivetrains, LuK, TEAM, and Varibox.

Segmentation by vehicle type and analysis of the automotive CVT system market

• Entry-level segment
• Mid-level segment
• Luxury segment

During 2016, the entry-level vehicle type segment accounted for the major shares of the automotive CVT system market. Factors such as the rising preferance for the entry-level vehicles and increasing purchasing power of consumers will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the automotive CVT system market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive CVT system market throughout the forecast period. Technological progressions in the automotive industry, especially in powertrain technologies and innovations in the transmission system, will contribute to the growth of this automotive transmission system market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive continuously variable transmission system market?
• What are the key market trends impacting the growth of the global automotive continuously variable transmission system market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive continuously variable transmission system market?
• What are the market opportunities and threats faced by the vendors in the global automotive continuously variable transmission system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive continuously variable transmission system market?

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