Press release
Continuous Variable Transmission Market Is Expected To Grow At A CAGR Of 8% By 2022
Continuous variable transmission Market
Continuous variable transmission is a type of transmission, changes gears perfectly through an infinite number of effective gear ratios. CVT has replaced planetary gear set in the automotive transmission with two variable pulleys and metal belt/chain running between them. Automotive industry is focusing on transmission systems to comply with the emission norms and to get fuel efficient system. And CVT system has emerged to provide fuel efficiency and enhanced driving experience with respect to auto gear shifting & improved acceleration. Moreover, CVT engines are demandable in automotive industry as it provides better fuel economy, more power, and convenient driving experience than traditional automotive transmission systems.
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North American and European region has stringent emissions and fuel efficiency regulations. Manufacturer and supplier are developing a transmission system to comply with the emission norms in the market. CVT systems are fuel efficient & provide more power is expected to drive the market in the North America. Also the higher technological development in the region is also a driving factor for the growth of continuous variable transmission market.
Key Players:
The key players of global Continuous variable transmission market report include BorgWarner, Jatco, Punch Powertrain, Toyota Motors, ZF, Aisin Seiki, Efficient Drivetrains, Folsom Technologies International, Hunan Jianglu & Rongda, and Hyundai Motor.
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Scope of the report
This study provides an overview of the global continuous variable transmission industry, tracking market segments across the categorized four geographic regions. The report provides a six-year forecast for the market size in terms of value for North America, Europe, Asia-Pacific, and Rest of the world. The scope of the study segments the global continuous variable transmission market based on type, and fuel.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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