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Global VVT market: $6.3 billion industry by 2018

Press Release   •   Jul 16, 2013 15:34 BST

The global VVT systems market is forecast to grow to over $6.3 billion, and sell over 53.1 million units by the end of 2018, while the global start-stop systems market is expected to grow to 35.7 million units with revenue of $3.4 billion by the same year.

The Asia-Pacific region is the largest automobile producing region in the world with more than 34 million passenger cars produced in the region over the year 2012. This figure is expected to reach 56 million by the end of 2018. The region is constituted mainly of developing nations with demand for low-cost vehicles. Thus, the market for VVT systems in the region is dominated by the cam-phasing units. The start-stop systems market in the region is expected to be heavily dominated by the enhanced starter generator technology accounting for a majority share.

The VVT & start-stop systems market revenue in the Asia-Pacific region is estimated to grow at highest CAGR of 15.94% from 2013 to 2018. Asia-Pacific is a region where the technology's penetrations are low but due to the enormous size of the target industry in the region, Asia-Pacific emerges as the market driver. The Asia-Pacific market is driven majorly by the demand for small fuel-efficient cars that are not only easy on the pocket when purchased, but also come with low running costs and both VVT & start-stop systems can find application in these conditions and hence high volume and revenue growth is expected from the region.

European automobile companies have always adopted new technologies and advancements that help in meeting stringent environmental and performance requirements. VVTs popularity in the European market is at a high in gasoline engines, while the system's applications in diesel engines is set to grow at a fast pace. Car makers such as Ford and Toyota are emphasizing on the use of these technologies in their engines to keep up with the tightening emission norms.

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

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