Continuous Variable Transmission System Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
For the purpose of this market researchreport, Continuous Variable Transmission System is defined as the gear ratio system that provides seamless transformation among an unending range of gear ratios unlike a fixed number of gear ratio transformations in traditional gear systems. The Continuous Variable Transmission Systemis more flexible as it maintains a constant angular velocity with increasing speed. It also provides smoother acceleration and saves the fuel costs more than the traditional systems. The Continuous Variable Transmission System immediately finds the right gear ratios in unusual circumstances like travelling uphill. The gear shifts are not hard so they allow a comfortable driving experience.
Continuously Variable Transmissions System Market Growth and Trends
Continuously Variable Transmissions System Market Regional Analysis
Increasing anticipation of a smoother driving experience and better fuel economy is estimated to grow the CVT system market globally. North America is expected to register the largest growth in the market with rising demand for eco-friendly vehicles across the globe and rising demand for CVT systems that are relatively durable and require low maintenance.
Asia Pacific region is projected to witness a linear growth in the market owing to major manufacturers like Toyota in the region producing a hybrid, electric mid-sized hatchback models equipped with power-split CVT technology.
Europe is also presumed to grow innumerably in the market owing to major players design and focusing on development and implementation of advanced CVT technology in the region, while the Middle Eastern region is expected to witness an upsurge in the market with increasing adoption of power-split CVT technology.
Continuously Variable Transmissions System Market Share and Competition
Key companies operating in this industry are: BorgWarner, Jatco, Punch Powertrain, Toyota Motors, ZF, Aisin Seiki, Efficient Drivetrains, Folsom Technologies International, Hunan Jianglu & Rongda, Hyundai Motor, IAV, Kohler Engines, Oerliokon Grazino and Subaru.
Continuously Variable Transmissions System Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Metal Belt
• Metal Chain
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Commercial Vehicles
• Passenger Cars
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Continuously Variable Transmissions System Market Companies
• Punch Powertrain
• Toyota Motors
• Aisin Seiki
• Efficient Drivetrains
• Folsom Technologies International
• Hunan Jianglu & Rongda
• Hyundai Motor
• Kohler Engines
• Oerliokon Grazino
United States Continuously Variable Transmissions System Market Research Report
Europe Continuously Variable Transmissions System Market Research Report
Asia Pacific Continuously Variable Transmissions System Market Research Report
India Continuously Variable Transmissions System Market Research Report