The Automotive Variable Valve Timing (VVT) and Start-Stop System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Variable Valve Timing (VVT) and Start-Stop System Global Market Report 2024, The automotive variable valve timing (vvt) and start-stop system market size has grown rapidly in recent years. It will grow from $49.25 billion in 2023 to $58.82 billion in 2024 at a compound annual growth rate (CAGR) of 19.4%. The growth in the historic period can be attributed to rise in demand for fuel-efficient and eco-friendly vehicles, increase in automotive production and sales, enhanced safety and security requirements, rise in international trade.
The automotive variable valve timing (vvt) and start-stop system market size is expected to see rapid growth in the next few years. It will grow to $109.33 billion in 2028 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to electrification of vehicles, rising autonomous vehicles, economic market growth, rising urbanization, rising disposable income. Major trends in the forecast period include electrification synergy, dual vvt systems, cylinder deactivation, intelligent start-stop, use of lightweight and high-performance material.
Rising demand for fuel-efficient vehicles is expected to propel the growth of the automotive variable valve timing (VVT) and start-stop system markets going forward. Fuel-efficient vehicles are vehicles or engines that give better mileage per gallon of fuel than other less efficient models. A technology called valve-timing, which regulates the timing of a valve lift event, is frequently applied to increase performance, fuel efficiency, or pollution. For instance, in February 2021, According to KAPSARC, a Saudi Arabia-based advisory in the Saudi energy sector, consumer adoption of electric vehicles (EVs)—including hybrids, plug-in hybrids, and pure battery electric vehicles—is a critical step toward improving energy use and lowering emissions in the transportation industry. Electric car sales reached a record of 3 million in 2020, up 40% from the previous year. Further, according to the Net Zero Emissions, United Nations, by 2050 Scenario, 300 million electric vehicles will be on the road by 2030, making up more than 60% of all new automobile sales, up from just 4.6 percent in 2020. Therefore, rising demand for fuel-efficient vehicles is driving the growth of the automotive variable valve timing (VVT) and start-stop system market.
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The 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
Technological innovations and advancements have emerged as key trends in the automotive variable valve timing (VVT) and start-stop system market. Major companies operating in the automotive variable valve timing (VVT) and start-stop system markets are developing new technologies to strengthen their position in the market. For instance, in December 2021, Eaton Corporation plc, an Ireland-based multinational power management company, introduced a complete portfolio of variable valve actuation (VVA) technologies in order to assist Chinese commercial vehicle manufacturers in meeting emissions regulations. Eaton’s VVA solutions consist of two building blocks including a rocker with a switchable capsule and a split rocker for full deactivation. VVA strategies can be implemented using these two building blocks in virtually any engine architecture, including single overhead cams, dual overhead cams, and cam-in-block engines with engine displacements ranging from 2.0 liters to 15.0 liters.
The automotive variable valve timing (vvt) and start-stop system market report table of contents includes:
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Top Major Players
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