Continuous Variable Transmission Market Research Report - Forecast to 2030

Continuous Variable Transmission Market Research Report Information by Type (Hydrostatic, Toroidal, Cone, Variable Geometry, and Variable Diameter), by Fuel (Gasoline, Diesel, and Hybrid) by Region - Forecast to 2030

ID: MRFR/AM/1300-HCR | 100 Pages | Author: Swapnil Palwe | February 2024         

Global Continuous Variable Transmission Market Research (MRFR Insights)


The  continuous variable transmission market size is projected to register a market size of 28 Billion with a CAGR of 6.56% from 2022 to 2030. A continuously variable transmission (CVT) system is an automatic transmission system that shifts through a continuous range of gear ratios. It has a two-pulley system with varying diameters connected by a belt or chain on either end of the engine and the wheels. The CVT system, known as stepless transmission, pulley transmission, and single-speed transmission, substitutes gears with two variable-diameter pulleys. As a result, it provides more usable power and driving convenience than automated transmission systems. Furthermore, the CVT technology saves fuel and gives maximum speed at low engine speeds. They are also lightweight, small, and have fewer moving parts, making them appropriate for a wide range of automotive applications. According to the International Organization of Motor Vehicle Manufacturers (OICA) figures, the total number of automobiles built worldwide in 2016 was roughly 94.9 million, likely fuel market expansion during the forecast period. Thus, these factors are anticipated to drive the growth of the  continuous variable transmission market.


COVID-19 Impact Analysis


COVID-19 has had an impact on the manufacturing and sales of new automobiles all over the world because the initial outbreak disturbed the entire ecosystem. With the COVID-19 pandemic afflicting the automobile sector, the market share of continuous variable transmission (CVT) fell due to poor automotive sales or new requirements. Because of the second wave of the COVID-19 pandemic's deeper and wider penetration into rural regions, governments worldwide were obliged to enforce successive phases of lockdown to halt the virus's spread. OEMs had to wait until lockdowns were released before restarting production, and component manufacturing was also halted, causing liquidity concerns for tiny tier II and tier III businesses.


Continuous Variable Transmission Market Dynamics


The  CVT system market is propelled by various benefits, including a pleasant driving experience and quick acceleration for users. It also has more usable power and uses less fuel than standard and manual transmission systems. As a result, the CVT system is used in tractors, snowmobiles, motor scooters, go-carts, and combine harvesters. Consumers are increasingly favoring eco-friendly vehicles with CVT systems. It also includes improved hydraulic systems, microprocessors, high-strength steel metal belts, and high-speed sensors, all of which contribute to the engine's handling capabilities. Furthermore, numerous manufacturers, including Toyota, are developing hybrid, electric mid-sized hatchback cars with power split CVT technology. For instance, since June 2021, the "Jatco CVT-X" is a newly introduced continuously variable gearbox (CVT) designed by Jatco Ltd for medium to large front-wheel drive (FWD) cars that have improved environmental performance and drivability. CVT-major X's characteristics include extensive friction reduction, great acceleration, and excellent NVH performance. The CVT-X has been implemented in the Nissan Qashqai, which has been on sale in Europe.


 Continuous Variable Transmission Market Drivers


 Rising demand for improved fuel efficiency


Gasoline is a fossil fuel that is not a renewable energy source and will be depleted in the coming years. As a result of the recent increase in the price of diesel and gasoline, demand for fuel-efficient automobiles has surged. According to the U.S. Energy Information Administration (EIA), motor diesel and gasoline usage have been tightly limited in terms of million barrels per day. As a result, automakers are producing fuel-efficient automobiles to meet increased consumer demand, which is projected to boost the expansion of the continuously variable transmission market. For instance, In September 2019, Daihatsu Corporation introduced D-CVT, the world's first split-gear CVT technology (Dual mode CVT). D-CVT combines a belt drive with a high-efficiency gear drive to improve fuel efficiency, acceleration feel, and quietness. Unlike belt-type CVT, D-CVT allows the motive force to be split and transferred by belts and gears.


Market Restraints




  • The high price tag for this system




The high cost of transmission fluids largely constrains the market for automobile variable oil pumps. The cost of this product as a whole may increase due to technological developments. One of the primary issues limiting the growth of the continuously variable transmission market and further challenging the market growth rate is the high installation cost of this continuously variable transmission system. Furthermore, the lack of power handling compared to conventional transmission would function as a market restraint and could impede the growth of the continuously variable transmission market throughout the projection period.


Market Opportunities




  •   Technological advancement




The increasing technological advancement in the continuously variable transmission system will provide several market growth prospects in the approaching year. For example, Z.F. Friedrichshafen AG produced CVTs under the ECCOM series for off-highway vehicles with power ranging from 400 HP to 620 HP and under the TERRAMATIC series for 400HP tractors. As a result, automatic transmission saves gasoline, which is critical in offering enormous prospects for the continuously variable transmission system market. Furthermore, increased partnerships and the emergence of new worldwide markets will act as market drivers, increasing the positive chances for market growth. The rapid growth of technology will create new business opportunities for the market.


Segment Overview


By Product Type Insights


The  continuous variable transmission market segmentation, based on product type, is chain-driven transmission and belt-and-pulley transmission. The growth of the  continuous variable transmission market was prominently high under the chain-driven transmission segment in 2021. Chain drives are a particular mechanical power transmission device that moves power from one location to another using chain.


By Vehicle Type insights


The  continuous variable transmission market segmentation, based on vehicle type, is passenger cars, light commercial vehicles, heavy commercial vehicles, and others (tractors, etc.). The passenger car category will have the biggest revenue share in 2021. Fuel prices and road infrastructure have an impact on passenger vehicle demand. The improving economic outlook in developing countries is expected to boost market demand for passenger vehicles.


By Application Insights


The market is segmented into up to 1.5 L, 5 L to 3.0 L, and above 3.0 L. The upto 1.5 L category was the largest segment in 2021 and is expected to remain the dominant segment over the forecast period as well, owing to its low cost in comparison to other transmission technologies and rising fuel prices in various regions around the world, which has resulted in increased adoption of vehicles with smaller engine sizes in countries such as China, India, and Brazil.


 Continuous Variable Transmission  Market Share, by Region, 2021 (%)
Continuous Variable Transmission  Market Share, by Region, 2021


Continuous Variable Transmission Market Overview, by Region


 the  continuous variable transmission market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America accounted for the most extensive market share, and Asia-Pacific is anticipated to register the highest CAGR during the forecast period.


North America


North America dominated the market, with the highest market share in 2021. North America is the key industry for continuous variable transmission goods, owing to increased R&D activity and rising customer demand. North America's changing demographics have resulted in a rise in demand for healthcare facilities. This has been a significant element in medical developments and has contributed to the material's increased use in recent years.


Asia-Pacific


Asia-Pacific is anticipated to register the fastest CAGR in the forecast period. Pharmaceutical companies in the Asia-Pacific are also expanding their manufacturing capacity. This aspect and increased R&D spending are likely to create new opportunities in the Region. Continuous variable transmissions are frequently employed in designed bioreactors and extracorporeal circulation systems such as dialysis and dental and bone implants. This tendency is expected to boost the expansion of the Asia-Pacific market throughout the forecast period.


 Continuous Variable Transmission Market Competitive Landscape


The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have  reach with diverse product portfolios. Companies such as Z.F. Friedrichshafen AG (Germany), Robert Bosch GmbH (Germany), JATCO Ltd (Japan), IAV (Ireland), TEAM Industries (U.S.), Endurance Technologies Limited (India), NIDEC-SHIMPO CORPORATION (Japan), among others dominate the market due to product differentiation, financial stability, strategic developments, and diversified regional presence. Continuous variable transmission firms are focusing their efforts on developing new and inventive methods to make facility assets and services not only relevant but also necessary for improving customer experience, business administration, occupational physiology, and supporting their core business


Prominent players in the Continuous Variable Transmission Market Research Include 



  • JATCO Aisin AW, 

  • Honda, 

  • Fuji Heavy Industries, 

  • Company five, 

  • Punch

  • Wanliyang, 

  • Jiangsu & Rongda, 

  • Fallbrook, 

  • Torotrak, 

  • CVTCorp


Continuous Variable Transmission Market Segmantation


By Product Type Outlook



  • Chain-driven Transmission

  • Belt-and-pulley Transmission


By Vehicle Type Outlook



By Application Outlook



  • Upto 1.5 L

  • 5 L to 3.0 L

  • Above 3.0 L


By Region Outlook



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World

    • South America

    • Middle East

    • Africa




Objectives of the Study


The objectives of the study are summarized in 5 stages. They are as mentioned below:




  • Continuous Variable Transmission Market Forecast & Size




To identify and estimate the market size for the  continuous variable transmission market report segmented by product type, vehicle type, and application by value (in US dollars). Also, to understand the consumption/ demand created by consumers in the  continuous variable transmission market forecast between 2022 and 2030




  • Market Landscape and Trends




To identify and infer the drivers, restraints, opportunities, and challenges in the  continuous variable transmission market growth




  • Market Influencing Factors




To find out the factors which are affecting the  continuous variable transmission market size among consumers




  • Impact of COVID-19




To identify and understand the various factors involved in the market affected by the pandemic




  • Company Profiling




To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.


Intended Audience



  • Continuous variable transmission manufacturers

  • Continuous variable transmission dealers

  • Automotive companies

Report Scope:

Report Attribute/Metric Details
Market Size   2030: USD 28 billion
CAGR 6.56% CAGR (2022-2030)
Base year   2020
Forecast Period   2022-2030
Historical Data  2020
Forecast Units   Value (USD Billion)
Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered   Product Type, Application, Vehicle Type
Geographies Covered   North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
Key Vendors   JATCO Aisin AW, Honda, Fuji Heavy Industries, Company five, Punch, Wanliyang, Jiangsu & Rongda, Fallbrook, Torotrak, and CVTCorp, among others
Key Market Opportunities  Technological advancement
Key Market Drivers Rising demand for improved fuel efficiency




Frequently Asked Questions (FAQ) :

The  continuous variable transmission market forecast period is 2022 - 2030

The market is expected to register a CAGR of 6.56 % over the next 10 years, according to the  continuous variable transmission market research.

Asia-Pacific is expected to register the highest CAGR during 2022 - 2030

North America held the largest share in 2021

The market size is expected to be USD 28 Billion by 2030.

JATCO Aisin AW, Honda, Fuji Heavy Industries, Company five, Punch, Wanliyang, Jiangsu & Rongda, Fallbrook, Torotrak, and CVTCorp, among others, are the major companies operating in the market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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