According to Stratistics MRC, the Global Variable Valve Timing (VVT) market is expected to grow from $27.3 billion in 2015 to reach $45.59 billion by 2022 with a CAGR of 7.06%. Improved inclination for diesel cars is primarily favouring the global variable valve timing (VVT) market. Increasing concern over fuel economy, rigorous administration laws towards controlling vehicular emissions and rising vehicle manufactures are some of the major drivers in the global market. However approval of latest technology is growing which can create a most important challenge towards the development of the global variable valve timing market.
The Cam Phasing plus Changing System segment is leading the global variable valve timing (VVT) technology market as cam-driven engines are the most familiar type of engines used in the current day automotive manufacturing and valve timing is one of the most essential parameters in engine composition. Asia Pacific is the leading automobile producing region in the world, where the technology’s diffusion is low but due to larger size of target industry. VVTs are also gaining popularity in other regions like Europe and North America.
The key players in the VVT systems market are identified as Denso Corp. (Japan), Schaeffler AG (Germany), Hitachi Automotive Systems (Japan), Hilite International (Germany), and Aisin Seiki Co. Ltd (Japan).
The major suppliers of Start-Stop systems are
identified to be Robert Bosch GmbH (Germany), Valeo SA (France), Denso Corp. (Japan), Delphi Automotive plc (U.S.), and Continental AG (Germany). Other companies profiled in this report include: Borgwarner Inc., Cloyes Gear & Products Inc., Controlled Power Technologies Ltd, Eaton Corporation PLC, Iskra Avtoelektrika Group, Johnson Controls Inc., Maxwell Technologies Inc., Mechadyne International Ltd, Metaldyne LLC, Mitsubishi Electric Corporation, Remy International Inc. and Schaeffler Technologies Ag & Co. Kg.
? CAM Phasing
? CAM Phasing plus Changing
Fuel Types Covered:
? North America
o Rest of Europe
? Asia Pacific
o New Zealand
o Rest of Asia Pacific
? Rest of the World
o Middle East
o South Africa
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This post was originally published on The Market Plan