Continuously Variable Transmission Market Expansion Continues, with Forecast Valuation of $27.72 Billion by 2029

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Continuously Variable Transmission Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for continuously variable transmission has witnessed a robust growth over the past few years. Projected to rise from a size of $21.2 billion in 2024 to $22.4 billion in 2025, it exhibits a compound annual growth rate (CAGR) of 5.7%. The historic period surge in growth was driven by factors such as the uptick in luxury vehicle sales, heightened demand for improved fuel efficiency, a rise in the preference for utility vehicles, an increased volume in luxury vehicle sales, and growing emphasis on comfort and safety.

Continuously Variable Transmission Market Size Forecast: What's the Projected Valuation by 2029?
The market size for continuously variable transmission is predicted to experience a robust expansion in the coming years. By 2029, it is estimated to reach a value of $27.72 billion, with a compound annual growth rate (CAGR) standing at 5.5%. Factors contributing to this growth within the forecast period include increased automobile production, a surge in demand for environmentally-friendly vehicles, the emergence of more local manufacturers, heightened awareness about environmental pollution, and an increase in the sales of commercial and passenger cars. Key trends during the forecast period comprise technological advancements, the merger of assistance systems, the implementation in luxury cars, start-stop systems, incorporation with hybrid and electric cars, and advancements in transmission device technologies.

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What Are the Drivers Transforming the Continuously Variable Transmission Market?
The continuous rise in the manufacture of automobiles is anticipated to boost the expansion of the continuously variable transmission market in the future. The term automobile production refers to the process of making vehicles, which includes design, engineering, assembly, and quality testing to develop finished automobiles ready for sale and distribution. This rising automobile production is linked to technological progress in manufacturing techniques and materials, growing demand for electric cars, advancements in automation and robotics, and globalization of supply chains. The continuously variable transmission is critical in automobile manufacturing due to its substantial benefits in fuel economy, driving comfort, and versatility in different vehicle types and driving scenarios. Its inclusion in modern vehicles signifies the continuous attempts to improve performance while still addressing environmental and consumer needs. For example, in 2023, as per the International Organization of Automobile Manufacturers, a France-based industry group, global motor vehicle production surged from 84.83 million in 2022 to 93.55 million in 2023. Thus, the rising automobile production is propelling the growth of the continuously variable transmission market.

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What Long-Term Trends Will Define the Future of the Continuously Variable Transmission Market?
Leading corporations in the continuously variable transmission market are concentrating on the development of advanced CVTs that can provide significant enhancements to efficiency for small and medium-sized front-wheel drive vehicles. These CVTs are developed with the aim of boosting fuel economy and enhancing the performance of compact and mid-sized cars that have front-wheel drives. As a case in point, JATCO Ltd., an automatic transmission firm based in Japan, unveiled the Jatco CVT-XS in October 2023. This new continuously variable transmission, oriented for small to medium front-wheel drive vehicles, boasts a transmission efficiency of 90% and increased drivability thanks to outstanding responsiveness and an acceleration that is tailored to the driver's needs. This introduction is a component of JATCO's strategy to augment vehicle performance and fuel efficiency, which neatly falls into step with the growing demand for vehicles that have low emissions.

Which Segments in the Continuously Variable Transmission Market Offer the Most Profit Potential?
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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Which Firms Dominate the Continuously Variable Transmission Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Continuously Variable Transmission Market?
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.

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