Press release
Continuously Variable Transmission Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Continuously Variable Transmission Market
What Is the Expected Continuously Variable Transmission Market Size During the Forecast Period?
The continuously variable transmission market will grow from $21.2 billion in 2024 to $22.4 billion in 2025, with a CAGR of 5.7%. The growth is due to the rise in luxury vehicle sales, the demand for better fuel efficiency, the popularity of utility vehicles, and the growing importance of comfort and safety.
The continuously variable transmission market is expected to grow to $27.72 billion by 2029, with a CAGR of 5.5%. This growth is driven by rising automobile production, demand for eco-friendly vehicles, the growth of local manufacturers, environmental awareness, and increasing sales of commercial and passenger vehicles. Key trends include technological advancements, integration with assistance systems, luxury vehicle adoption, hybrid and electric vehicle integration, and transmission device innovations.
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What Are the High-Growth Segments in the Continuously Variable Transmission Market?
The continuously variable transmission market covered in this report is segmented -
1) By Type: Belt-Chain Drive Continuously Variable Transmission, Planetary Continuously Variable Transmission
2) By Capacity: Up To 1.5 L, 1.5 L To 3.0 L, Above 3.0 L
3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Other Vehicles
4) By End-Use: Original Equipment Manufacturer, Aftermarket
Subsegments:
1) By Belt-Chain Drive Continuously Variable Transmission: Rubber Belt-Based CVT, Steel Belt-Based CVT, Hybrid Belt-Chain Drive Systems
2) By Planetary Continuously Variable Transmission: Hydraulically Controlled Planetary CVT, Mechanically Controlled Planetary CVT
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What Key Drivers Are Expected to Influence Future Continuously Variable Transmission Market Growth?
The increasing production of automobiles is expected to drive the continuously variable transmission (CVT) market. Technological advancements in manufacturing, automation, and robotics, alongside growing demand for electric vehicles, are increasing automobile production. CVTs enhance fuel efficiency and driving comfort, playing a crucial role in modern vehicles. The International Organization of Automobile Manufacturers reported an increase in global motor vehicle production from 84.83 million in 2022 to 93.55 million in 2023. Therefore, the growth in automobile production is fueling the CVT market.
Which Companies Hold the Largest Share Across Different Continuously Variable Transmission Market Segments?
Major companies operating in the continuously variable transmission market are Toyota Motor Corporation, Honda Motor Co. Ltd., Hyundai Motor Company, Robert Bosch GmbH, Kia Motors, Renault S.A., ZF Friedrichshafen AG, Aisin Corporation, Mazda Motor Corporation, Subaru Corporation, Geely Automobile, Nidec-Shimpo Corporation, Chery Automobile Co. Ltd., BorgWarner Inc., Peugeot S.A., Endurance Technologies Limited, Team Industries Inc., IAV GmbH, JATCO Ltd., Steyr Motors GmbH, Gaokin Industry Co. Ltd., Wanliyang Co. Ltd.
What Trends Are Expected to Dominate the Continuously Variable Transmission Market in the Next 5 Years?
Companies in the continuously variable transmission (CVT) market are focusing on creating efficient CVTs for small and medium-sized front-wheel-drive vehicles. These transmissions aim to improve fuel economy and vehicle performance in compact and mid-sized cars. In October 2023, Japan-based JATCO Ltd. launched the Jatco CVT-XS, designed for small to medium-sized front-wheel-drive vehicles. This CVT offers 90% efficiency and excellent responsiveness, addressing the demand for low-emission vehicles.
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What Are the Emerging Geographies for The Continuously Variable Transmission Market Growth?
Asia-Pacific was the largest region in the continuously variable transmission market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the continuously variable transmission market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Continuously Variable Transmission Market?
2. What is the CAGR expected in the Continuously Variable Transmission Market?
3. What Are the Key Innovations Transforming the Continuously Variable Transmission Industry?
4. Which Region Is Leading the Continuously Variable Transmission Market?
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