Automotive Continuously Variable Transmission Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Type (Hydrostatic, Belt-Chain Drive, Planetary, Toroidal, Cone, and Others); and Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle); Engine Capacity (Up to 1.5L, 1.5L to 3.0L, and Above 3.0L) and Region/Country
Automotive Continuously Variable Transmission Market was valued at USD 65,577.6 million in 2021 & is expected to grow at a CAGR of 26.0% from 2022-2028. Additionally, advancements in materials and manufacturing processes are leading to the development of lighter and more durable CVT components, further boosting their adoption. The emergence of electric and hybrid vehicles is also driving the demand for CVT systems, as they provide efficient and seamless power transfer. The global automotive CVT system market is highly competitive, with a few large players dominating the market. However, there are also several small and medium-sized enterprises (SMEs) that are emerging and offering innovative solutions in the market. In conclusion, the global automotive CVT system market is expected to grow significantly in the coming years, driven by the increasing demand for fuel-efficient vehicles and the need to reduce carbon emissions. For Instance, in 2021, General Motors announced that it would expand its production of CVT systems in North America, in response to growing demand for these systems in the region.
Some of the major players operating in the market include ZF Friedrichshafen AG, Schaeffler AG, Aisin Seiki, JATCO, AV Automotive Engineering, Robert Bosch GmbH, Endurance Technologies Limited, NIDEC-SHIMPO, Toyota Motor Corporation, and Gaokin Industry Co. Ltd. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, the planetary segment held a significant share of the market in 2021.”
Based on type, the market is segmented into hydrostatic, belt-chain drive, planetary, toroidal, cone, and others. Amongst these, the planetary segment of the Automotive Continuously Variable Transmission (CVT) Market has a significant share of the market because it is a cost-effective and efficient solution for vehicle manufacturers. The planetary CVT system has fewer moving parts compared to other types of CVT systems, which reduces the overall weight of the system and improves its efficiency. Additionally, the use of a planetary gear set in a planetary CVT provides a smooth and constant transmission ratio, which provides a smooth and comfortable driving experience for the driver.
“Amongst vehicle type, the heavy commercial vehicle held significant growth of the market in 2021.”
By vehicle type, the market is segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Among these, the heavy commercial vehicle (HCV) segment of the Automotive Continuously Variable Transmission (CVT) Market held significant growth in recent years due to several factors. Firstly, the increasing demand for fuel-efficient and low-emission vehicles in the HCV segment has driven the adoption of CVT systems. CVT systems provide better fuel efficiency and lower emissions compared to traditional manual or automatic transmissions, making them an attractive option for HCV manufacturers. Secondly, the use of CVT systems in HCVs can improve the driving experience for the driver. CVTs provide smooth and constant acceleration, which can reduce driver fatigue and improve vehicle stability on long-haul trips.
“Asia-Pacific is expected to grow at the highest CAGR during the forecasted period”
The Asia-Pacific region is expected to grow at the highest CAGR during the forecasted period for the Automotive Continuously Variable Transmission (CVT) Market due to several factors Firstly, the increasing demand for vehicles in the region, particularly in countries such as China and India, has driven the adoption of CVT systems in passenger cars and commercial vehicles. The growing middle class in these countries has increased disposable income, leading to an increase in demand for vehicles. Secondly, the increasing focus on fuel efficiency and low emissions in the region has led to the adoption of CVT systems in vehicles. CVTs provide better fuel efficiency and lower emissions compared to traditional manual or automatic transmissions, making them an attractive option for vehicle manufacturers in the region. Thirdly, the government in the region has implemented various policies and incentives to promote the adoption of electric vehicles (EVs) and hybrid vehicles, which use CVT systems. For example, the Chinese government has set a target of achieving 20% electric vehicle sales by 2025, which is expected to drive the adoption of CVT systems in EVs. Finally, the advancements in materials and manufacturing processes have led to the development of lighter and more durable CVT components, which has made CVT systems more suitable for use in vehicles in the region. This has reduced the weight of the vehicle and improved its fuel efficiency.
Automotive Continuously Variable Transmission (CVT) Market Report Coverage
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Automotive Continuously Variable Transmission (CVT) Market|
|2.2.||Research Methodology of the Automotive Continuously Variable Transmission (CVT) Market|
|5||GLOBAL AUTOMOTIVE CONTINUOUSLY VARIABLE TRANSMISSION (CVT) MARKET COVID-19 IMPACT|
|6||GLOBAL AUTOMOTIVE CONTINUOUSLY VARIABLE TRANSMISSION (CVT) MARKET REVENUE, 2020-2028F|
|8.2.||Light Commercial Vehicle|
|8.3.||Heavy Commercial Vehicle|
|9.1.||Up to 1.5L|
|9.2.||1.5L to 3.0L|
|10.1.3.||Rest of North America|
|10.2.5.||Rest of Europe|
|10.3.4.||Rest of APAC|
|10.4.||Rest of the World|
|12||AUTOMOTIVE CONTINUOUSLY VARIABLE TRANSMISSION (CVT) MARKET MARKET OPPORTUNITIES|
|13||AUTOMOTIVE CONTINUOUSLY VARIABLE TRANSMISSION (CVT) MARKET MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|18.1.1.||Porters Fiver Forces Analysis|
|19.1.||ZF Friedrichshafen AG|
|19.5.||AV Automotive Engineering|
|19.6.||Robert Bosch GmbH|
|19.7.||Endurance Technologies Limited|
|19.9.||Toyota Motor Corporation|
|19.10.||Gaokin Industry Co. Ltd.|
Research Methodology for the Automotive Continuously Variable Transmission (CVT) Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automotive continuously variable transmission (CVT) market were the three major steps undertaken to create and analyze the adoption of automotive continuously variable transmission (CVT) in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automotive continuously variable transmission (CVT) market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the automotive continuously variable transmission (CVT) market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automotive continuously variable transmission (CVT) market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, vehicle type, and engine capacity. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automotive continuously variable transmission (CVT) market. Further, we conducted factor analysis using dependent and independent variables such as product, technology, and end-users of the automotive continuously variable transmission (CVT) market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automotive continuously variable transmission (CVT) market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automotive continuously variable transmission (CVT) market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the automotive continuously variable transmission (CVT) market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global automotive continuously variable transmission (CVT) market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automotive continuously variable transmission (CVT) market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product, technology, and end-users in the global automotive continuously variable transmission (CVT) market.
The main objective of the Global Automotive Continuously Variable Transmission (CVT) Market Study
The current & future market trends of the global automotive continuously variable transmission (CVT) market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the automotive continuously variable transmission (CVT) market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the product, technology, and end-users.
- Define and analysis of the regulatory framework for the automotive continuously variable transmission (CVT)
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the automotive continuously variable transmission (CVT) market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the automotive continuously variable transmission (CVT) market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry.