Press release
Automotive VVT System Market Set to Witness Explosive Growth by 2030
Automotive VVT System Market size was valued at USD 42.93 Billion in 2022 and is projected to reach USD 67.15 Billion by 2030, growing at a CAGR of 4.68% from 2023 to 2030.Most current cars now include VVT systems, which turn off the engine when the vehicle is stopped or idling in order to save fuel and minimise greenhouse gas emissions. When the clutch is engaged or the brake is released, the engine restarts. This mechanism stops the spark and fuel delivery to the engine when it senses that the car is stopped or out of gear. When the driver is prepared to move again, the ignition starts up once more. The start-stop operation is automatic, however the driver has the option to turn the system on or off by pressing the start-stop button. However, if proper precautions are not taken to prevent it, an increase in the number of start-stop cycles results in an increase in engine wear.
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Automotive VVT System market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.
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An automotive variable valve timing system is an engine management system that controls the intake and exhaust valves by changing the amount of delay between the opening and closing of the valves. The main purpose of this system is to optimize engine performance, fuel economy, emissions, and other parameters such as torque and horsepower.
The act of changing the timing of a valve lift event is known as variable valve timing (VVT), and it is frequently applied to increase performance, fuel efficiency, or emissions. It is increasingly combined with systems that have variable valve lift. Government pollution regulations that are stricter than before, a growing automotive sector, and longer engine lives are all factors driving the growth of the global Automotive VVT System market.
In addition, the market is anticipated to rise as a result of rising demand for fuel-efficient vehicles and strict government emission regulations. Additionally, the industry is growing due to the increase in demand for hybrid vehicles. The essential variables that are anticipated to restrain the expansion of the global market, however, are the high cost of start-stop systems and engine wear brought on by an increase in start-stop cycles.
Global Automotive VVT System Market: Segmentations
Global Automotive VVT System Market: By Key Players
• Johnson Controls
• Mikuni American Corporation
• Aisin Seiki
• Camcraft
• Tenneco(Federal-Mogul)
• Eaton Corporation
• Hitachi Automotive Systems
• Mitsubishi Electric Corporation
• Robert Bosch
• DENSO Corporation
• Schaeffler
• Honda Motor
• BorgWarner
• Toyota Motor Corporation
Global Automotive VVT System Market: By Types
• Gasoline
• Diesel
Global Automotive VVT System Market: By Applications
• OEMs
• Aftermarket
Global Automotive VVT System Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive VVT System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Automotive VVT System market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive VVT System would help in identifying future applications in this market.
Reasons to Purchase the Automotive VVT System Market Report:
1. The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
2. Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
3. Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
4. The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
5. Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
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