Published on : Jun 20, 2018
Albany, New York, June 20, 2018: An insightful study, titled “Automotive VVT System Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has been announced to the vast archive of Market Research Hub (MRH). This precise 750-page study offers broad analysis of the market and estimated market size of automotive VVT system for 2017 and forecast for the next nine years. The market size of automotive VVT system has been provided in terms of revenue and volume. According to the research evaluations, the global automotive VVT system market is expected to expand at a CAGR of nearly 4% between 2018 and 2026 and is expected to reach US$ 52 Bn by 2026.
To elaborate further on this rapidly growing market, the report offers in-depth information on the crucial aspects of the automotive VVT market and provides data on the factors propelling the growth of the global market, competition landscape, important segments and growth patterns. In terms of geography, the study offers a holistic outlook on the market’s growth in terms of revenue in US$ Million and in terms of volume in thousand units across different geographical regions. Regions highlighted in this study are Asia Pacific, Europe, Japan, North America, Middle East & Africa, and Latin America.
Market Snapshot and Growth Dynamics
• Initially, the readers will infer the details of automotive VVT system. An automotive VVT system mainly helps prolong engine life, as it adeptly improves performance, fuel economy, or emissions. Emission from automobiles accounts for 28% of the overall greenhouse gases produced including carbon dioxide and methane, which hamper the environment. Therefore, the demand has been increased steadily. Also, the VVT system allows the usage of a smaller engine to achieve the same performance. These factors are expected to drive the demand for automotive VVT systems considerably during the forecast period.
• Considering various facets of the market, the research study also found that expansion of the global automotive VVT system market can be attributable toward the rapid expansion of the automotive industry, rise sales of passenger and commercial vehicles as well as the increase in purchasing power of consumers. Also, the market for automotive VVT system is primarily driven by the rising demand for eco-friendly vehicles.
• Moving further in the study, analyst provides a decisive view of the global automotive VVT system market by segmenting it in terms of the valve train, fuel type, system, valve actuation type, technology, sales channel, vehicle type and geography. In terms of geography, the study analyzes that major share of the global automotive VVT system market was held by the Asia Pacific. By the end of 2026, increase in demand and production of vehicles is likely to propel the automotive VVT system market in the region.
At last, the report provides a competitive landscape of the automotive VVT market, thereby listing out all the major players according to their geographic presence, market attractiveness and recent key developments. Major players functioning in the market include Johnson Controls, Inc., BorgWarner Inc., Mikuni American Corporation, Eaton Corporation, Honda Motor Co., Ltd., Aisin Seiki Co. Ltd., Camcraft, Inc., Robert Bosch GmbH, Federal-Mogul LLC, Hitachi Automotive Systems, Mitsubishi Electric Corporation, DENSO Corporation, Schaeffler AG, and Toyota Motor Corporation.
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