Companiesandmarkets.com

Global CVT market: 8% CAGR growth forecast between 2012-2016

Press Release   •   Aug 08, 2013 14:12 BST

The Global CVT market (Continuously Variable Transmission) is to grow at a CAGR of 7.92 percent over the period 2012-2016. One of the key factors contributing to this market growth is the presence of stringent fuel efficiency standards. The Global Continuously Variable Transmission market has also been witnessing the emergence of next-generation CVT. However, the adoption of the ultra-quick shift concept could pose a challenge to the growth of this market.

One of the main trends witnessed in the Global Continuously Variable Transmission market is the increasing demand for electric vehicles. The Continuously Variable Transmission for electric vehicles is used for extending the lives of the cars' expensive and heavy batteries.

One of the main factors driving the market is the development of lightweight automotive materials. Automobile and auto component manufacturers continually work on reducing the total weight of vehicles. To this end, they continually experiment with various lightweight automotive materials that can be used to manufacture vehicles or vehicle components.

For more information on the Global CVT market, please click here: Global CVT market

Follow us on Twitter @CandMResearch

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.