The latest report on Automotive VVT System Market by Infinium Global Research gives complete coverage of the Automotive VVT System Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Automotive VVT System such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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The Stringent Emission Regulations are the Major Factor that Contributes to the Growth of the Automotive VVT System Industry
Variable valve timing (VVT) system helps the vehicle to improve performance, fuel economy, and control emission. Many of the car manufacturers including Toyota, Renault, Proton, and Hyundai have integrated VVT systems into the engines of their recently launched cars. The VVT system is evolving as the technology is advancing. Cloyes Gear & Products, one of the leading automobile component supplier launched timing chain kits with VVT actuators. The adoption of the VVT system in cars has increased as the cars became more fuel-efficient.
The emission from IC engines produce greenhouse gasses including carbon dioxide, carbon monoxide, and methane, which pollutes the air. A rise in the level of pollution has led the regulatory bodies to enforce strict norms on vehicle emissions. The stringent emission regulations are the major factor that contributes to the growth of the automotive VVT system market. Moreover, the booming automobile industry is another factor that boosts the growth of the automotive VVT system market. Around 86 million cars were sold in the top 54 world markets in 2018 alone, while SUVs were popular worldwide.
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Advantages of VVT System Such as Improved Performance, Fuel Economy and Lower Emission of the Engine of Vehicle
Advantages of VVT system such as improved performance, fuel economy and lower emission of the engine of vehicle contributed to the increasing demand for automotive VVT system. However, the sale of IC engine vehicle is declining due to the growing demand for electric vehicles, which is expected to hamper the growth of automotive VVT system. Additionally, as technology advances, new and innovative products are being launched in the market. This is expected to offer lucrative growth opportunities for the players in the automotive VVT system market.
Among the geographies, Asia-Pacific generated the highest revenue in the automotive VVT system market. The domination of the Asia-Pacific automotive VVT system market attributes to growing production and demand for vehicles, an increased in the per capita income and low-interest rates of the car loan. Along with Asia-Pacific, Europe accounts for the second-largest share in the market owing to stringent emission norms.
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- Comprehensive analysis of global as well as regional markets of the Automotive VVT System.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.