NEW YORK, Jan. 7, 2024 /PRNewswire/ — The automotive dual variable valve timing market is estimated to grow by USD 12.52 billion from 2022 to 2027, growing at a CAGR of 6.63%. The automotive dual variable valve timing market is fragmented owing to the presence of many global and regional companies.
Who are the key players in the Automotive Dual Variable Valve Timing Market?
A few prominent companies that offer automotive dual variable valve timing market are AISIN CORP., BorgWarner Inc., Cummins Inc., DENSO Corp., Eaton Corp. Plc, Ford Motor Co., General Motors Co., Hitachi Ltd., Honda Motor Co. Ltd., Hyundai Motor Co., MAHLE GmbH, Mitsubishi Electric Corp., Precision Camshaft Ltd., Renault SAS, Schaeffler AG, Stellantis NV, Tenneco Inc., Toyota Motor Corp., Volkswagen AG, and Zhejiang Geely Holding Group Co. Ltd. The report provides a full list of key companies, their strategies, and the latest developments. Download a Free Sample before buying
Company Offering:
- AISIN CORP. – The company offers automotive dual variable valve timing such as vane-type VVT, which uses a variable-length intake manifold in conjunction with VVT to improve engine performance and fuel economy.
- BorgWarner Inc. – The company offers automotive dual variable valve timing such as BorgWarner VCT Technology with mid-position lock.
- Cummins Inc. – The company offers automotive dual variable valve timing such as the Holset Variable-Geometry Turbocharger (VGT), that optimizes engine performance and fuel efficiency.
- For details on companies and their offerings – Buy the report!
Which region will be contributing significantly to the Automotive Dual Variable Valve Timing Market?
By Geography, the market is classified as APAC, Europe, North America, Middle East and Africa, and South America. APAC will have the largest share of the market. The region will contribute 57% to the growth of the global market during the forecast period. The extensive automotive industry and the increasing demand for fuel-efficient vehicles in the region lead to regional market growth. Factors such as the growing concern regarding increasing environmental concerns and the requirement for reduced emissions drive market growth in APAC. Download a free sample report to get more insights on the market share of various regions and the contribution of the segments.
Market Dynamics
What are the main growth drivers for the Automotive Dual Variable Valve Timing Market?
The thriving automotive dual variable valve timing market is primarily driven by increasing demand for fuel-efficient vehicles. This technology optimizes combustion by regulating valve lift and valve duration through camshaft phasers, hydraulic actuators, and timing chains. Adjusting intake valve and exhaust valve timing in response to engine load, sensor feedback, and oil pressure, enhances combustion efficiency and maximizes performance. Such advancements in cylinder head design significantly contribute to combustion optimization in modern engines.
What is the key trend of the Automotive Dual Variable Valve Timing Market?
An influential trend steering the automotive dual variable valve timing market is the evolving aftermarket e-commerce. This shift caters to torque improvement through Electronic Control Unit (ECU) modifications, optimizing Variable Valve Timing (VVT), RPM (Revolutions per minute), and engine mapping. Enhanced Overhead Camshaft (OHC) systems, coupled with direct injection and air-fuel mixture adjustments, facilitate Continuously Variable Valve Timing (CVVT), mitigating engine knock and refining the valvetrain for improved engine performance.
What are the challenges faced by the Automotive Dual Variable Valve Timing Market?
One of the significant challenges impeding the automotive dual variable valve timing market growth is the escalating global focus on Electric Vehicles (EVs). This shift diverts attention from enhancing fuel economy, emissions reduction, and engine efficiency via variable valve timing. It affects engine performance and high-speed power optimization, particularly in turbocharged engines. Moreover, as the industry leans towards EV technology, maintaining data security amidst this transition becomes an additional concern for traditional combustion engine advancements.
Which segment is majorly contributing to the Automotive Dual Variable Valve Timing Market?
The passenger cars segment will contribute the largest share of the market. The market witnesses a growing adoption of dual VVT technology across the modern passenger car segment. This is because of its ability to optimize engines enhance fuel efficiency, and minimize emissions. China, India, and Southeast Asian nations are major contributors to this segment.
Technavio Research experts have provided more insights on the market share of segments – View a Free Sample Report
Related Reports:
The automotive e-compressor market size is expected to increase by USD 7.45 billion from 2021 to 2026, at a CAGR of 25.65%.
The automotive steel wheels market size is estimated to grow at a CAGR of 3.68% between 2023 and 2028. The market size is forecast to increase by USD 1.91 billion.
|
Automotive Dual Variable Valve Timing Market Scope |
|
|
Report Coverage |
Details |
|
Historic period |
2017-2021 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.63% |
|
YoY growth 2022-2023 (%) |
5.93 |
|
Regional analysis |
APAC, Europe, North America, Middle East and Africa, |
|
Key countries |
US, China, Japan, Germany, and France |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact US:
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
