Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Variable Valve Timing Market
According to Market Research Future (MRFR), the global variable valve timing (VVT) market has been revealed to strike a CAGR of 7% during the forecast period 2017 to 2023. The market is poised to grow substantially owing to the achievement of better efficiency in setting valve timing. The technological advancements help in improving power bands and increasing outputs which are likely to attract a larger customer base in the forthcoming years.
VVT technology reduces friction and optimizes burning process, thus, enhancing fuel economy. The rising prices of fuel have created a large-scale demand for vehicles with upgraded VVT technologies. This, in turn, has been presumed to revolutionize the variable valve timing (VVT) market growth in the upcoming years.
The declining quality of air has encouraged the governing authorities to impose stricter vehicle emission norms. It has led to a drastic rise in the adoption rate of VVT systems. The ongoing trend is likely to gain momentum over the next couple of years, thus, augmenting the variable valve timing (VVT) market.
By Technology type, the global variable valve timing (VVT) market has been segmented into cam-phasing system, variable valve actuation systems and others.
By fuel type, the variable valve timing (VVT) market has been segmented into gasoline variable valve timing system and diesel variable valve timing system.
By engine size, the global variable valve timing (VVT) market has been segmented into compact size, full-size and mid-size.
By application, the variable valve timing (VVT) market has been segmented into passenger cars, commercial vehicles, and others.
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The regional assessment of the global variable valve timing (VVT) market spans across Asia Pacific, North America, Europe, and the Rest of the World. The automobile industry leaders in North America are pioneering the technology and introducing constant upgrades. It is likely to push the market on the forefront position over the assessment period.
Europe poses attractive opportunities for growth and is poised to exhibit significant growth through the projection period. The boom witnessed in the automotive sector of the region has paved the way for the technological advancements. These advancements are likely to dominate the growth trajectory of the variable valve timing (VVT) market in the region. Furthermore, strict regulations levied by the European Union for controlling the air quality is expected to propel the expansion of the market in the foreseeable future.
Asia Pacific has been projected to witness the most significant growth and adoption rate over the next couple of years. The emission norms being enforced by the governments in the fast-developing economies are presumed to drive the growth of the variable valve timing (VVT) market in the region over the forecast period.
Some of the key players profiled in this MRFR report are Aisin Seiki Co. Ltd (Japan), Denso Corporation (Japan), Eaton Corporation Plc (Republic of Ireland), Delphi Automotive System Inc (U.S.), Hitachi (Japan), Perodua (Malaysia), HUSCO International (U.S.), Continental AG (Germany), Metaldyne Performance Group Inc. (U.S.), Hilite International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Johnson Controls, Inc. (Ireland), and Robert Bosch GmbH (Germany).
In January 2019, Honda Motor Corp, a Japanese public multinational conglomerate corporation, has filed a patent for its new VVT system which is being worked on and leverages cam switching technology.
In January 2019, Suzuki Motor Corporation, a Japanese multinational corporation, has upgraded its Suzuki GSX-R1000 motorbike with variable valve timing technology.
In August 2018, MAHLE GmbH a German automotive parts manufacturer has announced the launch of its variable valve timing system for commercial vehicles.
In September 2018, BMW AG, a German multinational company which produces motorcycles and automobiles, has announced the introduction of a boxer engine with shift cam variable valve timing.