Market Overview:
The global variable valve timing (VVT) systems market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the global VVT systems market can be attributed to the increasing demand for fuel-efficient vehicles and rising awareness about vehicle emissions. The vane-type VVT segment is expected to account for a major share of the global VVT systems market during the forecast period. This segment is anticipated to grow at a CAGR of X.X% from 2018 to 2030. The gear-type VVT segment is projected to grow at a CAGR of X.
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Product Definition:
Variable Valve Timing (VVT) Systems are a technology used on automobile engines that allow the timing of the opening and closing of the valves to be controlled more precisely than a traditional camshaft. This allows for more efficient operation across a wider range of engine speeds, improving fuel economy and performance.
Vane-type VVT:
Vane-type VVT (Variable Valve Timing) Systems are a series of valves that open and close according to the demands of the combustion process. These systems have gained popularity in recent years, mainly due to their ability to deliver increased performance by altering valve timing. This alteration can be done on a cylinder-by-cylinder basis, allowing for better fuel economy at low speeds while still delivering maximum power output at high engine speeds.
Gear-type VVT:
Gear-type VVT (GTVVT) is a system used in automotive engines to change the valve timing. It can be described as an intermediate between the fixed valve timing and variable valve timing systems. In this system, two gears are placed in between; these gears have different speeds which create different times for opening and closing of valves.
Application Insights:
OEMs held the largest market share of over 70% in 2017. The high OEM penetration is attributable to the fact that most of the automotive manufacturers prefer to use OE-developed technologies, components and systems instead of developing them from scratch or adopting third-party developed products. Furthermore, many OEMs have their own development centers where custom VVT systems are designed and developed in-house. These factors have led to a higher adoption rate among various automakers globally.
The aftermarket segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to rising product demand for replacing faulty stock units or upgrading existing vehicles with more efficient engines with improved fuel economy and reduced emissions levels across several vehicle types including passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs).
Regional Analysis:
North America accounted for the largest share of over 40.0% in 2017, owing to the presence of a large number of manufacturers and OEMs in this region. The U.S., being one of the most developed countries, has been home to many automotive manufacturers who have adopted variable valve timing systems (VVT) as an option for their vehicles. Moreover, stringent government regulations regarding fuel economy and emissions are expected to drive demand from aftermarket applications over the forecast period.
Asia Pacific is expected to be one of the fastest-growing markets with a CAGR exceeding 6% during the forecast period owing to rapid urbanization resulting in increased automobile sales across emerging economies such as India and China.
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 a vehicle by optimizing the engine performance.
- Rising demand for luxury cars: The global luxury car market is expected to grow at a CAGR of more than 5% from 2016 to 2021. This growth can be attributed to the increasing disposable income and changing lifestyle preferences of consumers in developed countries. Variable valve timing systems are increasingly being adopted in luxury cars as they offer improved performance and better fuel economy.
- Growing popularity of hybrid and electric vehicles: The global market for hybrid and electric vehicles is expected to grow at a CAGR of more than 15% from 2016 to 2021, owingto rising environmental awareness among consumersand government initiatives towards promoting green mobility solutions .Variable valve timing systems play an important role in improvingthe efficiencyof these typesofvehicles .
Scope Of The Report
Report Attributes
Report Details
Report Title
Variable Valve Timing (VVT) Systems Market Research Report
By Type
Vane-type VVT, Gear-type VVT
By Application
OEMs, Aftermarket
By Companies
Aisin Seiki, Denso, Hilite International, Hitachi Automotive Systems, Johnson Controls, Inc., Mitsubishi Electric, Robert Bosch, Schaeffler, Valeo
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Variable Valve Timing (VVT) Systems Market Report Segments:
The global Variable Valve Timing (VVT) Systems market is segmented on the basis of:
Types
Vane-type VVT, Gear-type 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
OEMs, Aftermarket
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:
- Aisin Seiki
- Denso
- Hilite International
- Hitachi Automotive Systems
- Johnson Controls, Inc.
- Mitsubishi Electric
- Robert Bosch
- Schaeffler
- Valeo
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Highlights of The Variable Valve Timing (VVT) Systems 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:
- Vane-type VVT
- Gear-type VVT
- By Application:
- OEMs
- Aftermarket
- 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) Systems 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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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) systems are a type of engine control system that allows the valves to open and close more quickly or slowly than normal, depending on the RPMs. This allows the engine to run at a higher or lower RPM range, which can improve fuel economy and performance.
Some of the key players operating in the variable valve timing (vvt) systems market are Aisin Seiki, Denso, Hilite International, Hitachi Automotive Systems, Johnson Controls, Inc., Mitsubishi Electric, Robert Bosch, Schaeffler, Valeo.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Variable Valve Timing (VVT) Systems 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) Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Variable Valve Timing (VVT) Systems 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) Systems 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) Systems Market Size & Forecast, 2018-2028
4.5.1 Variable Valve Timing (VVT) Systems Market Size and Y-o-Y Growth
4.5.2 Variable Valve Timing (VVT) Systems Market Absolute $ Opportunity
Chapter 5 Global Variable Valve Timing (VVT) Systems 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) Systems Market Size Forecast by Type
5.2.1 Vane-type VVT
5.2.2 Gear-type VVT
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Variable Valve Timing (VVT) Systems 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) Systems Market Size Forecast by Applications
6.2.1 OEMs
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Variable Valve Timing (VVT) Systems 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) Systems 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) Systems Analysis and Forecast
9.1 Introduction
9.2 North America Variable Valve Timing (VVT) Systems 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) Systems Market Size Forecast by Type
9.6.1 Vane-type VVT
9.6.2 Gear-type 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) Systems Market Size Forecast by Applications
9.10.1 OEMs
9.10.2 Aftermarket
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) Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Variable Valve Timing (VVT) Systems 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) Systems Market Size Forecast by Type
10.6.1 Vane-type VVT
10.6.2 Gear-type 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) Systems Market Size Forecast by Applications
10.10.1 OEMs
10.10.2 Aftermarket
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) Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Variable Valve Timing (VVT) Systems 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) Systems Market Size Forecast by Type
11.6.1 Vane-type VVT
11.6.2 Gear-type 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) Systems Market Size Forecast by Applications
11.10.1 OEMs
11.10.2 Aftermarket
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) Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Variable Valve Timing (VVT) Systems 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) Systems Market Size Forecast by Type
12.6.1 Vane-type VVT
12.6.2 Gear-type 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) Systems Market Size Forecast by Applications
12.10.1 OEMs
12.10.2 Aftermarket
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) Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Variable Valve Timing (VVT) Systems 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) Systems Market Size Forecast by Type
13.6.1 Vane-type VVT
13.6.2 Gear-type 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) Systems Market Size Forecast by Applications
13.10.1 OEMs
13.10.2 Aftermarket
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) Systems Market: Competitive Dashboard
14.2 Global Variable Valve Timing (VVT) Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aisin Seiki
14.3.2 Denso
14.3.3 Hilite International
14.3.4 Hitachi Automotive Systems
14.3.5 Johnson Controls, Inc.
14.3.6 Mitsubishi Electric
14.3.7 Robert Bosch
14.3.8 Schaeffler
14.3.9 Valeo
