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OTTAWA, Dec 01, 2020 (GLOBE NEWSWIRE via COMTEX) —
OTTAWA, Dec. 01, 2020 (GLOBE NEWSWIRE) — Precedence Research, Recently Published Report on “Automotive VVT System Market (By Fuel Type: Diesel and Gasoline; By Methods: Cam Changing, Cam Phasing, Variable Valve, and Cam Phasing & Changing; By System: Continuous and Discrete, By Number of Valves, By Valve Train, By Technology, By Vehicle Type, By Actuation Type, By End-use) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027″.
An automotive Variable Valve Timing (VVT) system helps in prolonged engine life as it improves the fuel economy, performance, and emission. The VVT system enriches engine process, enhances combustion, improves engine power, reduces emission, and also reduces fuel consumption. They help to improve the emission regulator system; additionally it minimizes ignition glitches in the spark plug that are likely to stimulate some serious drivability issues. Automotive VVT system also allows the application of smaller engines for achieving the same performance. The aforementioned factors expected to propel the demand for automotive VVT systems magnificently during the forecast period. Some of the components used in the VVT system include timing belt, CAM, timing solenoid, ECU, timing idler/pulley, and actuators.
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Rising emission of harmful gases such as methane and carbon dioxide has degraded the environment, thus government of various regions has regulated the emission standard for vehicles. In the wake of same, VVT system experience lucrative growth in the coming years. The VVT system helps in changing the timing of the valve for Internal Combustion Engine (ICE) and reduces the overall carbon emission from the vehicle. However, a shift in consumer trend for adoption of battery-powered and other environment-friendly mode of transportation directly impact the market for ICE, thereby restricts the growth of VVT system. Meanwhile, integration of IC and battery for enhancing the vehicle performance create new opportunities for the VVT system during the forecast period.
The Asia Pacific encountered promising growth in the global automotive VVT system market and held considerable market value share in the year 2019. The region has many developing and developed countries with huge population, thereby evoking the need for advanced transportation facility. In the wake of same, passenger vehicle sale experience exponential sale and therefore fuelling the growth of VVT system in the region. In addition, stringent norms issued by regulatory bodies for emission of harmful gases from a vehicle again propel the growth of automotive VVT system in the coming years.
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- In 2019, the Asia Pacific held substantial revenue share in the global automotive VVT system market and predicted to grow at a considerable rate over the forecast period. Increasing demand for fuel-efficient vehicles especially in China, India, Japan, Australia, South Korea, and other Asian countries contribute as the prime factor for the regional growth.
- Europe and