VVT & Start-Stop Systems Market worth 46.36 Billion USD by 2022
Technology is creating advanced opportunities in the automotive VVT &start-stop system market, and companies are striving hard to take maximum advantage of the new technology. Technologies such a scam-phasing plus changing, which incorporate the valve lift mechanism along with valve timing, are being adopted by various manufacturers in their vehicles. Thus, the market for VVT systems is estimated to grow at a CAGR of5.28% from 2017 to 2022, from USD 35.85 Billion in 2017 to USD 46.36 Billion by2022. Similarly, the market for start-stop systems is estimated to grow at aCAGR of 18.86% from 2017 to 2022, from USD 4.68 Billion in 2017 to USD 11.10Billion by 2022.
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CamPhasing plus Changing System: Adoption of VVT Expected to Increase in developed regions
Owing to increase in performance-oriented fuel-efficient vehicles and stringent emissions regulations in developed regions, the penetration of advanced VVTsystems such as Cam-Phasing plus changing systems is estimated to be higher Asia-Pacific and North America. The market for VVT systems is further estimated increase with the increasing production of automobiles incorporated with these advanced technologies. Owing to customer’s preferences, the regional adoption of these technologies is varied.
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Plug-in hybrid and Hybrid Electric Vehicle (BEV): Promising Electric Vehicle segment start-stop system
Electric vehicles are mainly divided into three major types on the basis of propulsion technology: battery electric vehicle (BEV), plug-in hybrid electric vehicle(PHEV), and hybrid electric vehicle (HEV). BEVs are totally powered by batteries, whereas HEVs and PHEVs also have the internal combustion engine. As of 2017, PHEV and HEV segments hold the largest share and are projected to grow at higher CAGR compared to other battery electric vehicle segments. The growth in PHEV and HEV segment is mainly driven by government initiatives for promoting emission-free technology.
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Asia-Pacific: The largest market for VVT & start-stop system
Asia-Pacific was estimated to be the largest market for VVT & start-stop system in 2017. This is due to the increasing vehicle production in countries such as Japan, China, and India and stringent emission regulations in these countries. The region has the largest share of VVT systems globally because of increased manufacturing of vehicles equipped with these systems.
VVT& Start-Stop Systems Market Key Players
The global VVT & start-stop system market is dominated by key manufacturers such as Continental AG(Germany), Denso Corporation (Japan), Delphi Automotive, PLC (U.K.), RobertBosch GmbH (Germany), and Magna International Inc. (Canada)
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