Stringent emission regulations and growing demand for hybrid vehicles across the world to fuel the demand for VVT startstop system.
The automotive VVT startstop system market is projected to grow at a CAGR of 5.7% reaching USD 85.2 billion by 2027 from USD 54.7 billion from 2019. The major factors responsible for the growth of this market include the stringent emission regulations and fuelefficiency standards enforced by different legislative bodies across the globe. Also, increased production of hybrid vehicles would drive the startstop system market.
Dual Overhead Cam DOHC for VVT and Integrated Starter Generator ISG for startstop technology are estimated to grow at a higher CAGR during the forecast period
In case of VVT, Dual Overhead Cam DOHC technology is expected to grow at a faster rate in passenger cars, LCVs, and HCVs. DOHC has dedicated valves for inlet and outlet. This leads to smooth transmission, enhanced control of valves, efficient use of fuel, and a noisefree ride. In case of startstop systems, integrated starter generator ISG is expected to have the highest growth as it allows greater electrical generation capacity and better emissions benefits.
Asia Pacific shows high growth potential for VVT startstop system market
The Asia Pacific region comprises rapidly emerging economies such as China and India, along with developed nations such as Japan, and is the largest market for automotive. In recent years, the region has emerged as a hub for automobile production. As the governments of these countries have imposed stringent emission standards and fuel efficiency levels, upcoming vehicles must go through strict new car assessment programs. The major factors responsible for this region's growth include increasing demand for fuel saving technologies like turbocharging and VVT startstop system. In addition, improving socioeconomic conditions in countries such as India, Thailand, and Indonesia have resulted in the growth of the demand for premium passenger cars. This, in turn, has accelerated the market for VVT startstop system in these countries.
Direct starter segment by technology will hold the largest market for startstop system
The function such as automatic startstop system can save up to fuel and reduce of CO2 emissions. This technology is used in a direct injected internal combustion engine to enable its instant restart. The technology keeps the piston in an optimal position when the vehicle stops, so that instant restart of the engine is possible by injecting fuel into the cylinder.Measurements taken in the New European Driving Cycle NEDC proved engine efficiency and fuel savings of up to 58%. The direct starter technology holds the largest market in the startstop systems due to its presence in conventional engines.
Indepth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the VVT startstop system market.
By Respondent Type: OEMs29%, TierI65%, and TierII III6%
By Designation: CXOs23%, Manager43%, and Executives 34%
By Region: North America31%, Europe39%, Asia Pacific24%, LATAM4%, and RoW 2%
The VVT startstop system market comprises major manufacturers such as such as Continental AG Germany, Denso Corporation Japan, Delphi Technologies UK, BorwWarner Inc. US, Robert Bosch GmbH Germany, and Hitachi Ltd. Japan.
Research Coverage:
The study covers the VVT startstop system market across various segments. It aims at estimating the market size and future growth potential of this market across different segments such as camera type, component, vehicle type, and region. The study also includes an indepth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and acquisitions.
Key Benefits of Buying the Report:
The report will help leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall VVT startstop system market. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and devise suitable gotomarket strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.