The global VVT & start-stop system market accounted for a value of USD 51.9 billion in 2019 and is projected to register growth at a CAGR of 4.7% during forecast period.
COVID-19 has impacted the VVT & start-stop system market. The automotive industry is adversely impacted by pandemic situation. The vehicle production activities have to halt due to lockdown. The supply chain of raw materials and finished products got disrupted due to travel restriction. The import and export activities are suspended. The sales of vehicles are decline which affects the growth of VVT & start-stop system market.
For more details, visit: Global VVT & Start-Stop System Market By Technology (Cam-Phasing and Cam-Phasing Plus Changing), By Vehicle Type (LCV, HCV, Others), By Fuel Type, By Phaser Type, By Valvetrain, By Region, Forecast & Opportunities to 2026
The demand for fuel-efficient vehicle is increasing and the governments across various countries in the world are implementing stringent emission policies. This increases demand for electric vehicles in the market and the demand hybrid vehicles is also increasing in the market. This increases demand and adoption for VVT & start-stop systems and drives growth in this market during forecast period.
On the basis of VVT technology, the VVT & start-stop system market is segmented into cam-phasing and cam-phasing plus changing. The cam-phasing segment is estimated to hold largest market share during forecast period. The cam-phasing VVT technology is widely used in passenger cars. The cost of cam-phasing is low and demand for cam-phasing is increasing in various regions across the world. It needs one hydraulic phasing actuator and it has very easy and simple application which increases its adoption in the market. This drives growth in cam-phasing segment during forecast period.
On the basis of vehicle type, the VVT & start-stop system market is segmented into passenger car, light commercial vehicle and heavy commercial vehicle. The passenger car segment is estimated to dominate the market during forecast period. The adoption of VVT & start-stop system is increasing across the world. The sales of passenger cars are increasing across the world. The VVT & start-stop system initially incorporated into premium passenger car and mild-hybrid vehicles. The increasing competition among key market players has increased focus towards advanced technologies and fuel efficiency. The demand for advanced technologies is increasing in passenger car segment and this drives growth in passenger car segment during forecast period.
Asia-Pacific region is estimated to be fastest growing segment during forecast period. The China and India are the emerging markets for VVT & start-stop system. The stringent emission norms in this region are increasing the demand for VVT & start-stop system application. The demand for advanced technologies is increasing among population and the sales for electric vehicle is increasing in this region. This drives growth in VVT & start-stop system market during forecast period.
The key market players in VVT & start-stop system industry are Robert Bosch GmbH, Continental AG, Borgwarner Inc., Aisin Seiki Co., Valeo, Denso Corporation, Hitachi Ltd., Schaeffler AG, Delphi Technologies, Eaton Corporation, Mitsubishi Electric, Tenneco Inc., Hilite International, Toyota, Honda Motor Co., Hyundai Motor Company, BMW Group, FCA Group, Magna International Inc. and General Motors.
- What are the expected industry trends over the next three to five years?
- Which of the VVT & start-stop system technology is likely to lead by 2025?
- Which of the vehicle type segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?