Driven by the Organic growth in automobile production, Automotive Variable Cam Timing (VCT) System Market is expected to grow beyond US$ 3,419.2 million

Market & Growth Prognosis: Analyzing the market over a period of 2013-18, Stratview Research goes to the crux of the issues shaping the market and estimates the most probable future growth rate for the Automotive Variable Cam Timing (VCT) System Market during the period 2019-24.

Stratview Research triangulates the market to grow at a healthy CAGR over the next five years and expects the market to breach the barrier of US$ 3,419.2 million by 2024.

The Diverse Stand Points
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives better understanding of the market. The market of Automotive Variable Cam Timing (VCT) System has been viewing from various perspectives such as:

Dissection By (Segments)

1. Powertrain Type (Internal Combustion Engine, Hybrid Engine)
2. Vehicle Type (Passenger Cars, Commercial Vehicles)
3. Product Type (Hydraulic VCT Systems, Electric VCT Systems)
4. By Region (North America, Europe, Asia-Pacific and Rest of the World)

Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.

The answers to the prominent questions which are evinced out of above slicing of the market are:
● Which are the best performing segments of the market?
● Which is the most dominant region?
● Which material is the most promising?
● Who are the movers and shakers of the market?
● What are the regional growth hotspots?
● What are the segmental growth forecasts?

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The Factors Driving the market

VCT System plays an important function of valve opening as it efficiently maintains the timing of the valve’s opening and closing. It cannot vary the valve lift, unlike cam changing VVT; however, VCT is the simplest and cheapest form of VVT because each camshaft needs only one VCT system, unlike other systems that employ an individual mechanism for every cylinder. Another noteworthy feature of the VCT system is that it increases internal residual gas by affecting the intake, combustion, and exhaust phases of the engine cycle. An increase in internal residual gas reduces the combustion temperature, which, in turn, decreases the nitrogen oxide (NOx) formation. The internally recirculated exhaust gas is rich in unburned hydrocarbons (HC), which can be burned in the next cycle.

The penetration of VCT systems in gasoline engines has incessantly been increasing because of their several benefits. This corresponds to the generation of healthy growth opportunities for the market participants situated across the value chain. The market for VCT systems in the automotive industry is projected to grow at a higher rate than the overall automotive industry growth rate over the next five years to reach US$ 3,419.2 million in 2024. Organic growth in automobile production coupled with increasing penetration of VCT systems, stringent emission standards regarding by the governments of various countries, and a growing interest towards the development of more efficient engines are some major factors that are fueling the growth automotive VCT system market.

The rise of ICE & Hydraulic VCT System

The automotive VCT System market is segmented based on the powertrain type as Internal Combustion Engine (ICE) and Hybrid Engine. ICE is expected to remain the growth engine of the automotive VCT system market during the forecast period. Large production units of ICE vehicles primarily drive the demand for VCT system in the ICE segment. Hybrid engine is likely to witness the highest growth over the next five years, driven by increasing demand for hybrid engines.

Based on the vehicle type, automotive VCT system market is segmented as Passenger Cars and Commercial Vehicles. Passenger car is expected to remain the larger segment of the market over the next five years. The vehicle type is also likely to witness higher growth during the same period, driven by a greater adoption rate of VCT systems.

Based on the product type, the market is segmented as Hydraulic VCT System and Electric VCT System. Hydraulic VCT System is expected to remain the dominant product type in the market during the forecast period. However, electric VCT System is likely to exhibit higher growth during the same period. Electric VCT system exhibits better phasing performance as compared to conventional hydraulic VCT system.

Driven by demand, Asia-Pacific has the hegemony over the market

In terms of regions, Asia-Pacific is projected to remain the largest automotive VCT system market during the forecast period in terms of both value and units. The region is also likely to exhibit the highest growth over the next five years. China, Japan, and India are the growth engines for the region’s market. Europe is also likely to exhibit a sizeable demand for automotive VCT Systems during the forecast period.

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