Automotive VVT System Market Size, Share, Growth, and Industry Analysis, By Type (Gasoline and Diesel), By Downstream Industry (OEMs and Aftermarket) and Regional Forecast to 2032

Updated On: 04 November 2024

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AUTOMOTIVE VVT SYSTEM MARKET REPORT OVERVIEW

The Automotive VVT System Market Size is Projected to be worth US$ 56952 Million in 2023, Market is likely to Surpass US$ 115673.98 Million by 2032 at a CAGR of 7.34% During the Forecast period [2024-2032].

The Automotive VVT represents one of the most used high-technology engine management systems within internal combustion engines in contemporary vehicles. VVT functions based on the variation of the times that the intake and exhaust valves take to open and this brings efficiency in the use of the engine at various speeds and load conditions of the vehicle. This continuous adjustment helps an appropriate air-fuel mixture to be taken in at high RPMs and thus more power output is achieved. On the other hand, at lower RPMs, VVT decreases the amount of pumping losses that occur which improves the fuel economy. Another part of the valve timing contributes to a reduction in the emissions of pollutants such as nitrogen oxides (NOx) by providing finer control of combustion.

The VVT system of a typical automobile involves components such as the ECU, sensors, camshaft adjusters and solenoid valves. The ECU takes a central place since it actively maintains the evaluation of the engine state and performs valve timing adjustments in response to the current conditions by adjusting the hydraulic or electric camshaft phasers. Such precise management not only enhances the performance and productivity but also the engines’ durability and longevity since many parts wearing out is prevented. As it enabled the construction of motors to have a nice balance between power output and fuel consumption, with characteristics that didn't also have negative effects on emissions, VVT is quite an essential technology that plays an important role in the development of modern engines and the automotive field as a whole.

COVID-19 Impact: Market decrease during the pandemic was caused by supply disruption and lower automobile demand

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic shook the market as low sales and low production followed on from the lockdown took down manufacturers and disrupted the supply chain for the automotive sector. Manufacturing plants were closed and the supply chain was affected which led to the constraints and delay in manufacturing and availability of the VVT system in automobiles. This was compounded by lower consumer patronage and increased economic instability which cut across market growth. However, the industry has continued to stand tall and face new and unique challenges such as the incorporation of new safety measures and the development of new strategies that would meet future market needs.

LATEST TRENDS

"Development of advanced control algorithms and software solutions to drive market growth"

The Automotive VVT System market showcases certain significant trends that define its growth and potential, which include the creation of advanced control algorithms in automotive VVT systems and advanced software for the same. These innovations are important since they directly correlate with valve timing control thus maximizing the positive impact of the VVT systems. Computer controls over the valve timings can be made instantaneously, thus achieving optimum performance at various modes of operation. It not only increases the rated power and specific consumption, but also emissions and overall engine service life. The ability to connect with other refined software solutions also helps in making communication between the VVT system and the engine control unit (ECU), thus enabling wiser and more dynamic engine management. These technologies are projected to create considerable improvements in the performance of VVT systems and growth in the market, as these technologies advance further.

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AUTOMOTIVE VVT SYSTEM MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Gasoline and Diesel.

• Gasoline: In gasoline VVT systems, typical in modern internal combustion engines intake and exhaust valve timing is varied continuously for maximum performance and fuel efficiency in the entire speed range at all loads. They enhance power output, improve fuel economy and lower emissions since these allow a higher degree of electronic control over air-fuel mixture and combustion. Frequently applied in passenger vehicles, these systems enable achieving the maximum power and efficiency of the engines used.

• Diesel: Diesel VVT systems are available for compression-ignition diesel engines, in which valve timing is continuously variable to improve these capabilities. These systems manage combustion, enhance torque output, revamp fuel efficiency and decrease particulate emissions. Common in light and heavy commercial vehicles, diesel VVT systems prioritize towing capacity, payload and overall operational efficiency, benefiting vehicles demanding robust performance.

By Downstream Industry

Based on downstream industry the global market can be categorized into OEMs and Aftermarket.

• OEMs: The OEMs industry holds the largest share in the automotive VVT system market as vehicle manufacturers integrate VVT system technology striving to offer the best performance, efficiency and emissions standards. Some OEMs continue to explore the development of modern VVT systems with enhanced features to enable compliance with the existing environmental standards and customer needs. This segment will also remain dominant in the coming years as VVT is increasingly integrated into advanced internal combustion engines across vehicles of all classes.

• Aftermarket: The aftermarket segment in the automotive VVT system market caters to the need arising from the replacement, repair or gradation of the VVT system in vehicles which are old and still in use. It enables owners to enhance performance and fuel economy with advanced VVT technologies. Suppliers offer diverse products compatible with various engines and models, driven by the need for maintenance, repair and customization of VVT systems in existing vehicles.

DRIVING FACTORS

"Need for improved engine performance and power output to boost the Market"

Rising requirements for higher power output and engine performance also play a critical role in boosting the global automotive VVT system market growth. These systems contain more efficient and precise timing of the valves so that engines can perform efficiently. VVT systems, which control the timing of the intake and exhaust valves in a cyclical manner, afford engines ideal air-fuel mixture intake and optimal expulsion of exhaust gases to improve the combustion process. This leads to higher power output and improved acceleration since engines tend to run at peak efficiency at various speeds and loads. Furthermore, VVT systems enhance engine smoothness and better throttle precision, ideal for maximizing the performance of any car. The improved efficiency also leads to higher fuel economy and minimum emissions, conforming to environmental standards and consumers’ expectations of energy-efficient high-performance vehicles.

"Growing emphasis on fuel efficiency and environmental concerns to expand the market"

There is a growing concern towards the development of fuel-efficient vehicles and consequently the use of automotive VVT systems. These systems have a significant function of controlling the valve timing to provide the best combustion efficiency. VVT systems control the time at which the intake and exhaust valves open and close to optimize the performance of the engine for various driving conditions. This optimization makes the fuel consumption to be minimal because more energy can be obtained from the fuel without much loss. Moreover, the application of VVT technology reduces emissions of gases including CO2, NOx, gaseous pollutants and particulate matter since it optimizes the combustion process. Since corporations around the world are tightening their emission standards, car manufacturers are incorporating VVT systems to conform to policies and cater to the demands of environmentally conscious buyers but not switching off power.

RESTRAINING FACTORS

"Limited awareness among consumers about the benefits of the systems hinders the market"

A lack of consumer awareness regarding the benefits of automotive VVT systems can be viewed as a possible challenge for market development. Several consumers might not comprehend the advantages that come with owning a car with VVT technology as it increases the engine power, improves fuel efficiency and lowers exhaust emissions. This lack of awareness can lead to consumers excluding VVT systems from their decisions due to other features that are more conspicuous to car buyers. Overcoming this challenge therefore requires high levels of education and communication, where automakers and the suppliers in the aftermarket need to explain various aspects of how VVT systems help to control engine operations across various driving conditions. When consumers focus on the tangible outcome, then they will be able to understand the value proposition of the VVT systems through fluid acceleration, improved throttle response and environmental impacts. This barrier could be eliminated through the launching of special advertising campaigns to reach out to automakers and customers, organizing seminars for dealerships to inform and persuade them on the efficacy of incorporating VVT and undertaking additional consumer outreach programs to ensure that more consumers are made aware of VVT technology to enable them to make an informed decision in their purchase of cars.

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AUTOMOTIVE VVT SYSTEM MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America is a prominent market due to the presence of established automotive manufacturers"

North America became one of the most significant markets within the global automotive VVT system market share due to the significant development of vehicle production facilities in the region. The industry has benefited from established automobile manufacturers with adequate investment in research and development hence the integration of improved technologies such as the VVT across different classes of car models. These manufacturers have continued to apply innovative technologies to reduce emissions to meet government requirements and the asked-for vehicle performance by consumers. Moreover, established aftermarkets in the region also contribute to the constant supply of VVT system products since many automotive owners deal with the modification and enhancement of existing engines in North America. The automotive industry, specifically within the region, trends toward advanced technologies and customers’ demand for technologically enhanced systems, which significantly contributes to the VVTs’ demand. The utilization and advancement in automotive technologies persist, North America continues to serve as a leading market and manufacturing ground for efficient VVT systems that push the capabilities of modern automotive functionality.

KEY INDUSTRY PLAYERS

"Key industry players are developing innovative systems to propel the market"

New and advanced automotive VVT systems provide key players in the industry with relevant solutions to address the increased demand for advanced engine technologies. When these companies dedicate their resources to the research and development of VVT systems, they can develop ways to improve the engine’s performance and add fuel efficiency as well as decrease emissions. Technological enhancements such as enhanced control algorithms, dual-independent VVT systems and combined electronics control enhance the adjustment of timing in the valves depending on the driving conditions. This in turn enhances the power control and acceleration controls and above all addresses environmental reforms across the world. However, innovative VVT technologies can be satisfying for automobile makers looking for viable ways in which they can enjoy competitive edges in the market through the manufacturing of ecological cars that still exhibit high performances. With growing consumer trends towards fuel efficiency and reduction of environmental impact, continuous improvement in advanced VVT systems is crucial in defining the automotive industry and its ability to cater for the new ever-changing dynamic market conditions.

LIST OF MARKET PLAYERS PROFILED

• Federal-Mogul (U.S.)
• Camcraft (U.S.)
• BorgWarner (U.S.)
• Mikuni American Corporation (U.S.)
• DENSO Corporation (Japan)
• Toyota Motor Corporation (Japan)
• Mitsubishi Electric Corporation (Japan)
• Honda Motor (Japan)
• Hitachi Automotive Systems (Japan)
• Aisin Seiki (Japan)
• Robert Bosch GmbH (Germany)
• Schaeffler (Germany)
• Johnson Controls (Ireland)
• Eaton Corporation (Ireland)

INDUSTRIAL DEVELOPMENT

March 2024: Suzuki is also working on new variable valve timing for motorcycle engines, covering performance and emission efficiency. This involves developing an innovative twin-cylinder engine with a displacement of less than 500cc with VVT adopting ShiftCam technology such as some motorcycles including the Yamaha YZF-R15 and BMW’s motorcycles. Suzuki states that its new tech will improve engine aspiration and combustion systems, suggesting top-end power and torque advantages that could be good for models such as the GSX250R or Gixxer 250 in the future.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.