Global Automotive Variable Valve Timing (VVT) and Start-Stop System market data 2024, Forecast To 2033
25 Jan, 2024
The automotive variable valve timing (VVT) and start-stop system market has experienced rapid growth, increasing from $49.25 billion in 2023 to $58.82 billion in 2024 at a CAGR of 19.4%. The growth in the historic period is attributed to the rise in demand for fuel-efficient and eco-friendly vehicles, increase in automotive production and sales, enhanced safety and security requirements, and the rise in international trade. Projecting into 2028, the market is expected to reach $109.33 billion at a CAGR of 16.8%. The forecasted growth is fueled by electrification of vehicles, rising autonomous vehicles, economic market growth, urbanization, and rising disposable income. Major trends in this period include electrification synergy, dual VVT systems, cylinder deactivation, intelligent start-stop, and the use of lightweight and high-performance materials.
Global Automotive Variable Valve Timing (VVT) and Start-Stop System Market Key Driver
The automotive variable valve timing (VVT) and start-stop system markets witness growth due to rising demand for fuel-efficient vehicles. The global electric vehicle market reached a record 3 million sales in 2020, increasing fuel efficiency and lowering emissions. Consumer adoption of electric vehicles is crucial in achieving energy efficiency goals, with an expected 300 million electric vehicles on the road by 2030. The demand for fuel-efficient vehicles drives the growth of the automotive variable valve timing (VVT) and start-stop system markets.
Get A Free Sample Of The Global Automotive Variable Valve Timing (VVT) and Start-Stop System Market ReportGlobal Automotive Variable Valve Timing (VVT) and Start-Stop System Market Segments
The global automotive variable valve timing (vvt) and start-stop system market covered in this report is segmented –
1) By Fuel Type: Diesel VVT System, Gasoline VVT System
2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
3) By Technology: Cam-Phasing, Cam-Phasing Plus Changing
4) By Valvetrain: SOHC, DOHC
By Geography: The regions covered in the Automotive Variable Valve Timing (VVT) and Start-Stop System market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the automotive variable valve timing (VVT) and start-stop systems market in 2023. The regions covered in the automotive variable valve timing (vvt) and start-stop system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Automotive Variable Valve Timing (VVT) and Start-Stop System Industry Players
Bosch Sanayi Ve Ticaret A.S, Continental AG, BorgWarner Inc., Aisin Corporation, Valeo India Pvt. Ltd., DENSO CORPORATION, Hitachi Ltd., Robert Bosch GmbH, Schaeffler Group, Mitsubishi Electric Corporation, Tenneco Inc., EXEDY Corporation, Fiat Società per Azioni, Toyota Motor Corporation, Sensata Technologies, Eaton Corporation Plc, Delphi Technologies, Infineon Technologies AG, Panasonic Corporation, ZF Friedrichshafen AG, Siemens AG, Honeywell International Inc., Rockwell Collins Inc., General Electric Company, Wabtec Corporation, Alstom SA, Autoliv Inc., Magna International Inc., Hella KGaA Hueck & Co., Hyundai Mobis, NXP Semiconductor Inc.
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Automotive Variable Valve Timing (VVT) and Start-Stop System Market Overview
Variable valve timing (VVT) and start-stop systems refer to a process of altering the timing of a valve lift event. With variable valve timing, the valves are open for shorter periods during idling or light acceleration, so less air-fuel mixture goes into the engine and helps reduce emissions. The automotive variable valve timing (VVT) and start-stop systems are used to improve performance, fuel economy, or emissions and are widely used in combination with variable valve lift systems.
Automotive Variable Valve Timing (VVT) and Start-Stop System Global Market Report 2023 provides data on the global automotive variable valve timing (vvt) and start-stop system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive variable valve timing (vvt) and start-stop system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.