Market Overview:
The global Variable Valve Timing (VVT) market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles, and rising awareness about fuel efficiency and emissions reduction. The global Variable Valve Timing (VVT) market is segmented on the basis of type into continuous VVT and non-continuous VVT. The continuous VVT segment is expected to grow at a higher CAGR than the non-continuous VVT segment during the forecast period from 2018 to 2030. This can be attributed to its advantages such as improved fuel economy, lower emissions, and better performance over other types of valve timing systems. On the basis of application, the global Variable Valve Timing (VVT) market is divided into passenger cars and commercial vehicles segments.
Product Definition:
Variable valve timing (VVT) is a technology used on an internal combustion engine to optimize the timing of the opening and closing of the valves. The main benefit of variable valve timing is improved fuel economy and reduced emissions.
Continuous VVT:
Continuous Variable Valve Timing (CVVT) is a type of variable valve timing systems that controls the opening and closing of valves at constant times. CVVT system varies the valve timing in response to changes in engine speed. The most common application for CVVT is fuel injection, where it allows control over spray patterns and increases power output by reducing lag associated with injectors.
The global V VT market was valued at USD 1,849.7 million in 2015.
Non-continuous VVT:
Non-Continuous VVT (NCVVT) is a type of variable valve timing technology that controls the opening and closing of valves via sensors. The system works on the principle that changes in engine speed cause fluctuations in air flow, which affects the volumetric efficiency.
Application Insights:
Passenger cars application segment accounted for the largest share of over 60.0% in 2017. The growth can be attributed to increasing demand for fuel-efficient vehicles across various regions, coupled with stringent government regulations regarding the same. In addition, technological advancements and innovations in VVT systems by major players such as Toyota Motor Corporation are expected to drive the market over the forecast period.
The commercial vehicles application segment is expected to witness significant growth during the forecast period owing to rising demand from countries such as India and China where low cost labor is aplenty but expensive land is scarce.
Regional Analysis:
North America dominated the global variable valve timing market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of prominent players such as Valvelift, LLC; Bosal Group; and Emerson Electric Co., Inc. The region has also been witnessing significant growth in passenger car sales since 2010, which is expected to positively influence VVT demand over the forecast period.
Europe was estimated to be the second-largest regional segment by revenue owing to high product demand from automotive manufacturers for use on diesel engines coupled with stringent government regulations pertaining air pollution control standards implemented across various countries within this region have contributed significantly towards market growth over past few years. However, sluggish economic conditions prevailing among European countries may hinder industry expansion during 2018 - 2030 period due to reduced vehicle production levels and sales volumes thereby affecting overall industry development trends negatively.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for fuel-efficient vehicles is expected to grow at a CAGR of more than 7% from 2016 to 2021. This is primarily due to the increasing environmental concerns and stringent emission norms across the world. Variable valve timing systems help improve the fuel efficiency of engines by optimizing the air–fuel mixture and exhaust gas recirculation (EGR).
- Rising demand for luxury cars: The global luxury car market is forecast to grow at a CAGR of more than 5% from 2016 to 2021. This growth can be attributed to rising income levels, growing urbanization, and changing consumer preferences in developing countries such as China and India. Variable valve timing systems are increasingly being adopted in luxury cars as they offer improved performance and better fuel economy.
- Growing popularity of hybrid vehicles: Hybrid electric vehicles (HEVs) are becoming increasingly popular due to their superior performance and lower emissions as compared with traditional gasoline or diesel-powered vehicles. HEVs typically use a combination of an internal combustion engine with an electric motor, which helps improve fuel economy while reducing emissions levels significantly when compared with conventional gasoline or diesel engines alone .Variable valve timing systems play an important role in improving the efficiency of hybrid powertrains by optimizing air–fuel mixture control and exhaust gas recirculation (EGR).
Scope Of The Report
Report Attributes
Report Details
Report Title
Variable Valve Timing (VVT) Market Research Report
By Type
Continuous VVT, Non-continuous VVT
By Application
Passenger Cars, Commercial Vehicles
By Companies
Robert Bosch, Continental, Denso, Delphi, Hitachi, Borgwarner, Aisin Seiki, Valeo, Johnson Controls, Mitsubishi Electric, Eaton Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Variable Valve Timing (VVT) Market Report Segments:
The global Variable Valve Timing (VVT) market is segmented on the basis of:
Types
Continuous VVT, Non-continuous VVT
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Robert Bosch
- Continental
- Denso
- Delphi
- Hitachi
- Borgwarner
- Aisin Seiki
- Valeo
- Johnson Controls
- Mitsubishi Electric
- Eaton Corporation
Highlights of The Variable Valve Timing (VVT) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Continuous VVT
- Non-continuous VVT
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Variable Valve Timing (VVT) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Variable Valve Timing (VVT) is a technology that allows the engine to open and close the valves more quickly than normal, which improves fuel economy and emissions.
Some of the key players operating in the variable valve timing (vvt) market are Robert Bosch, Continental, Denso, Delphi, Hitachi, Borgwarner, Aisin Seiki, Valeo, Johnson Controls, Mitsubishi Electric, Eaton Corporation.
The variable valve timing (vvt) market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Variable Valve Timing (VVT) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Variable Valve Timing (VVT) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Variable Valve Timing (VVT) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Variable Valve Timing (VVT) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Variable Valve Timing (VVT) Market Size & Forecast, 2018-2028 4.5.1 Variable Valve Timing (VVT) Market Size and Y-o-Y Growth 4.5.2 Variable Valve Timing (VVT) Market Absolute $ Opportunity
Chapter 5 Global Variable Valve Timing (VVT) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Variable Valve Timing (VVT) Market Size Forecast by Type
5.2.1 Continuous VVT
5.2.2 Non-continuous VVT
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Variable Valve Timing (VVT) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Variable Valve Timing (VVT) Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Variable Valve Timing (VVT) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Variable Valve Timing (VVT) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Variable Valve Timing (VVT) Analysis and Forecast
9.1 Introduction
9.2 North America Variable Valve Timing (VVT) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Variable Valve Timing (VVT) Market Size Forecast by Type
9.6.1 Continuous VVT
9.6.2 Non-continuous VVT
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Variable Valve Timing (VVT) Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Variable Valve Timing (VVT) Analysis and Forecast
10.1 Introduction
10.2 Europe Variable Valve Timing (VVT) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Variable Valve Timing (VVT) Market Size Forecast by Type
10.6.1 Continuous VVT
10.6.2 Non-continuous VVT
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Variable Valve Timing (VVT) Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Variable Valve Timing (VVT) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Variable Valve Timing (VVT) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Variable Valve Timing (VVT) Market Size Forecast by Type
11.6.1 Continuous VVT
11.6.2 Non-continuous VVT
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Variable Valve Timing (VVT) Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Variable Valve Timing (VVT) Analysis and Forecast
12.1 Introduction
12.2 Latin America Variable Valve Timing (VVT) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Variable Valve Timing (VVT) Market Size Forecast by Type
12.6.1 Continuous VVT
12.6.2 Non-continuous VVT
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Variable Valve Timing (VVT) Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Variable Valve Timing (VVT) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Variable Valve Timing (VVT) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Variable Valve Timing (VVT) Market Size Forecast by Type
13.6.1 Continuous VVT
13.6.2 Non-continuous VVT
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Variable Valve Timing (VVT) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Variable Valve Timing (VVT) Market: Competitive Dashboard
14.2 Global Variable Valve Timing (VVT) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robert Bosch
14.3.2 Continental
14.3.3 Denso
14.3.4 Delphi
14.3.5 Hitachi
14.3.6 Borgwarner
14.3.7 Aisin Seiki
14.3.8 Valeo
14.3.9 Johnson Controls
14.3.10 Mitsubishi Electric
14.3.11 Eaton Corporation