iCrowdNewswire Jan 25, 2021 9:00 AM ET
Global Variable Valve Timing (VVT) Market is projected to grow at a whopping 6.35% CAGR during the forecast period of 2025. Through the process, it is expected to reach a worth of USD 50.79 Billion. Prime purpose of VVT or Variable Valve Timing is to improve the movement of the valves meant for opening and closing purposes at a different speed. This can encourage the performance of the vehicle and lower the rate of emission. It provides sleek idling at nominal RPMs. At higher RPM, it generates significant power.
Global Variable Valve Timing (VVT) Market is fuelled by numerous reasons, like strict norms for engine emission. Increasing demand for better fuel economy is also cited as one of the reasons. Greater emphasis on improving vehicle performance can also be cited as one of the major contributors to growing Variable Valve Timing or VVT market. The market is expected to remain noteworthy due to insignificant status of electric car market among prominent nations. Greater acceptance at end-user level is one of the prime reasons behind the established state of Global Variable Valve Timing (VVT) Market.
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There is a significant demand for multi-valve timing for improving the performance of the vehicles and improving the fuel economy as well. All these aspects contribute towards the growth of the global Variable Valve Timing (VVT) Market. Growing preference among the engine manufacturers is one of the prime reasons behind the established state of the global Variable Valve Timing (VVT) Market. Greater rate of adoption among developing and developed nations contribute towards the enrichment of the global Variable Valve Timing (VVT) Market.
Global Variable Valve Timing (VVT) Market can be segmented based on Technology, Valve Train, Vehicle Type, Fuel Type, and Region. Based on technology, the global variable valve timing (VVT) market can be further segmented into cam-phasing, cam-phasing plus changing, and others.
Based on valve train, the global variable valve timing (VVT) market can be segmented into DOHC and SOHC.
Based on vehicle type, the global variable valve timing (VVT) market can be segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
Based on fuel type, the global variable valve timing (VVT) market can be segmented further into gasoline and diesel.
Based on region, the global variable valve timing (VVT) market is segmented into North America, Asia-Pacific, Europe, and Rest of World
North American market can be further classified into US, Canada, and Mexico. North America is projected to be a prominent market due to growing demand for automobiles.
Asia-Pacific is forecasted to enjoy a significant share in the global variable valve timing market. The market in Asia-Pacific is mainly led by China, Japan, India, though the nations like South Korea, Australia, and the rest of Asia-Pacific are also contributors.
Europe market comes next after Asia Pacific, which can be segmented further into Germany, France, the UK, Italy, Spain, Austria, and Europe.
Global Variable Valve Timing (VVT) Market is forecasted to remain highly significant worldwide, powered by significant growth in automobile user base. Market in North America fuelled by the growing user base is forecasted as the prime reason contributing to the most noteworthy CAGR between 2016 and 2025.
Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2023?
- How are the key players in this market?
- What are the strategies adopted by key players?
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TABLE OF CONTENT
1.1 MARKET ATTRACTIVENESS ANALYSIS 19
1.2 GLOBAL VARIABLE VALVE TIMING (VVT) MARKET, BY Technology 20
1.3 GLOBAL VARIABLE VALVE TIMING (VVT) MARKET, BY Valve Train 21
1.4 GLOBAL VARIABLE VALVE TIMING (VVT) MARKET, BY Vehicle Type 22
1.5 GLOBAL VARIABLE VALVE TIMING (VVT) MARKET, BY Fuel Type 23
- Scope Of The Report
2.1 DEFINITION 24
2.2 SCOPE OF THE STUDY 24
2.3 LIST OF ASSUMPTIONS 25
2.4 MARKET STRUCTURE 25
- Market Landscape
3.1 RESEARCH PROCESS 26
3.2 PRIMARY RESEARCH 27
3.3 SECONDARY RESEARCH 28
3.4 MARKET SIZE ESTIMATION 28
3.5 TOP-DOWN And BOTTOM-Up APPROACH 29
3.6 FORECAST MODEL 30
3.7 Key Sources 31
- Market Dynamics
4.1 Introduction 32
4.2 Drivers 33
4.2.1 Stringent Engine Emission Regulations In Developed Countries 33
4.2.2 Growing Demand For Enhanced Fuel Economy And Vehicle Performance 33
4.2.3 Drivers Impact Analysis 35
4.3 Restraint 35
4.3.1 Increased Sales Of Electric Vehicles 35
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