New York, United States, March 20, 2023 (GLOBE NEWSWIRE) — Global Variable Valve Timing Market to Surpass $92.12 Billion by 2030
According to a research report published by Spherical Insights & Consulting, The Variable valve timing market size is to grow from USD 59.36 Billion in 2021 to USD 92.12 Billion in 2030, at a Compound Annual Growth Rate (CAGR) of 6.49% during the forecast period. Many of the key reasons driving the expansion of the variable valve timing market are the growing hybridization of new vehicles, demands for improved fuel efficiency and vehicle performance, and stringent pollution standards in both countries developed and emerging.
Global Variable Valve Timing Market Forecast to 2030
- Global Variable Valve Timing Market Size Valued at USD 59.36 Billion in 2021
- The global variable valve timing market share is growing at a CAGR of 6.49% from 2022 to 2030
- Global Variable Valve Timing Market Size is Expected to Reach USD 92.12 Billion by 2030
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Variable valve timing, or VVT, is a technique that varies the timing of a valve lift event in internal combustion engines to improve performance, fuel economy or carbon emissions. The growing use of passenger and commercial vehicles is increasing vehicle emissions worldwide, making it a critical concern to create automobiles with efficient fuel systems. Increasing global demand for fuel-efficient automobiles, which is likely to drive the market significantly during the forecast period, is significantly aiding the market expansion. However, higher maintenance costs are also a big issue for VVT users as the subsequent supply of variable valve timing systems is restricted.
Explore key industry statistics spread over 190 pages with 130 market data tables and figures and charts in the report at the “Global Variable Valve Timing Market Analysis of the size, share and impact of COVID-19, by phase type (hydraulic cam phaser, electric cam phasers), by technology (cam phaser, cam phasers and shift), by type of by Vehicle (Passenger Vehicle, Commercial Vehicle) and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021-2030″. Get a detailed description of the report here: https://www.sphericalinsights.com/reports/variable-valve-timing-market
The hydraulic cam phase segment dominated the market with the largest share during the forecast period.
Based on phaser type, the global variable valve timing market is segmented into hydraulic cam phaser and electric cam phaser. Among them, the hydraulic cam phaser segment dominated the market with the largest share during the forecast period. The hydraulic cam phaser is one of the most common types of phasers. On the other hand, the electric camera phaser type market is expected to grow rapidly during the forecast period.
The cam-phasing segment is experiencing significant CAGR growth during the forecast period.
On the basis of technology, the global variable valve timing market is segmented into phase cams and cam shifts and cam shifts. Among these, the cam phase segment is expected to grow at a significant CAGR during the forecast period. The variable cam phasing valve timing approach is the most common, least expensive and most widely used. Leg-phase VVT systems are also more affordable than other varieties, which contributes to their popularity in the Asia-Pacific area.
The passenger vehicle segment dominates the market with the largest market share of 53% during the forecast period.
According to the type of vehicle, the Global Growth of the variable valve timing market it is divided into passenger vehicles and commercial vehicles. Among these, the passenger vehicle category dominates the market with a market share of 53% during the forecast period, owing to the rapid adoption of variable valve timing in passenger vehicles, which is faster than in LCVs and HCV.
Scope of the Variable Valve Timing Market Report:-
| Report metric | Details |
| 2030 market size | 92.12 billion dollars |
| CAGR | 6.49% (2020-2030) |
| Historical data | 2019-2020 |
| base year | 2021 |
| Forecast period | 2022-2030 |
| Forecast units | Value (millions of dollars) |
| Segments covered | By phase type, by technology, by vehicle type, by region and impact analysis of COVID-19 |
| Coverage of the report | Drivers, revenue forecast, competitive landscape, growth factors and trends |
| Geographies covered | North America, Europe, Asia-Pacific, Latin America, Middle East, Africa and Rest of World |
| Key companies profiled/suppliers | Mitsubishi Electric Corporation, Hilite International, Camcraft, DENSO CORPORATION, Hitachi Ltd., Sumitomo Electric Industries, Ltd., Toyota Motor Corporation, BorgWarner Inc., Schaeffler Technologies AG & Co. KG, Eaton Corporation PLC, Maruti Suzuki, Maxwell Ultracapacitors, Perodua, Aisin Seiki Co. Ltd., |
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Asia Pacific dominates the market with the largest market share of 54%.
Asia Pacific is expected to remain the leading region for the industry during the forecast period, with a market share of 54%, owing to increased automobile production in Japan, China, and India. Major automotive companies are investing heavily in research and development in order to acquire OEMs with techniques that improve engine performance and fuel economy. The demand in India is increasing rapidly as a result of the growing demand for diesel engine vehicles, resulting in a substantial market for variable valve timing systems for diesel engines in the country.
Market sector
This study forecasts global, regional and country revenue from 2019 to 2030. Spherical Insights has segmented the global variable valve timing market based on the following segments:
Global Variable Valve Timing Market, by Phase Type
- Hydraulic cam phaser
- Electric camera phaser
Global Variable Valve Timing Market, by Technology
- Cam-Phasing
- Cam-Phasing and switching
Global variable valve timing market, by vehicle type
- Passenger vehicle
- Commercial Vehicle
List of the best players in the market
- Mitsubishi Electric Corporation
- Hilite International
- Camcraft
- DENSO CORPORATION
- Hitachi Ltd.
- Sumitomo Electric Industries, Ltd.
- Toyota Motor Corporation
- BorgWarner Inc.
- Schaeffler Technologies AG & Co. KG
- Eaton Corporation PLC
- Maruti Suzuki
- Maxwell ultracapacitors
- perodua
- Aisin Seiki Co. Ltd.
- Husco International
- Delphi Auto Parts
- Metaldyne sintered products
- Johnson Electric
- Valeo SA
- Honda Motor Co., Ltd.
- Continental AG
- Mikuni American Corporation
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Key market developments
- In May 2022, Toyota announced the launch of the 2023 Highlander which will receive a new turbocharged engine, with superior torque and high efficiency. Offered in both FWD and AWD, the 2023 Highlander Hybrid combines a highly efficient 2.5-liter DOHC four-cylinder engine with two electric motor generators. The gas engine uses an intelligent variable valve timing system using an electric motor (VVT-iE) on the intake camshaft and VVT-i on the exhaust camshaft.
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