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    Automotive Variable Cam Timing System Market Report

    Automotive Variable Cam Timing System Market Report
    Report code - SRTI146 Published On : Aug,2020 No. of Pages: 217
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    Automotive Variable Cam Timing (VCT) System Market Size, Share, Trend, Forecast, & Com See more...

    Impact of COVID-19 on Automotive Variable Cam Timing System Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Automotive Variable Cam Timing System Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The variable cam timing (VCT) system is the simplest and the cheapest form of variable valve timing (VVT) systems. The system includes a phaser cavity (cam-phaser) which helps them in changing the orientation of the camshaft with respect to the crankshaft in order to obtain optimized fuel efficiency and reduced emissions. The VCT system plays an important role in the opening and closing of the cylinder valves and provides an optimum air-fuel ratio to reduce the quantum of unburnt hydrocarbons during the combustion cycle of the internal combustion engine. Thus, by affecting the intake, it reduces the amount of residual gas in the combustion and exhaust phases of the engine.     

    Over the past few eons, the VVT systems market has traveled remarkable miles concerning design, material, technology, etc. Continuous advancements in the systems, such as a shift from fixed variable cam-phasing systems to electrical fixed variable cam-phasing systems to recently developed continuously variable cam-phasing systems and camless technologies, undeniably increase the importance of the system, managing themselves in the list of automakers’ priority. Currently, VCT systems capture a lion’s share of the total VVT systems market; however, rapid advancements may affect its share in the VVT systems market. Key market stakeholders of the industry have heavily been investing in R&Ds in order to develop advanced products better addressing the market issues. The introduction of stringent regulations regarding carbon emissions and fuel efficiency targets further propels the innovations in the market.

    Impact of COVID-19 on the Automotive VCT Systems Market

    The auto industry had been witnessing a huge downturn for the past two years, encircled by several challenges including global economic slowdown led by the US-Sino trade war. The performance of VCT systems is highly proportional to the organic growth of vehicle production and any change in vehicle production usually has an analogous impact on their demand. However, a meteoric proliferation in the penetration of VCT systems in the past few years, especially in HEVs, proved to be a decisive factor, weakening the impact of industry challenges on the demand for VCT systems up to an extent.

    The auto industry was hoping to record a notable recovery in 2020 but the outbreak of pandemic has exacerbated the already deteriorating automotive industry, leaving an indelible dent on the growth trajectory of the market. VCT systems, a revolutionary technology improving the engine’s performance, could not escape from the pandemic and started dwindling its demand in 2020.  Nevertheless, the market participants are still an optimist about the market recovery citing the references of previous recessions/pandemics including the Great Recession (2008-2009). However, this time, the recovery may take a bit longer time than the Great Recession with huge short-term as well as long-term repercussions. Stratview Research’s estimates based on  15+ detailed primary interviews conducted with the leading market stakeholders as well as the trendlines of past industry trends reveal that the automotive VCT systems market is expected to reach an estimated value of US$ 3.1 billion in 2025, a landmark figure that the market never touched before.

    Segments' Analysis

    Automotive-Variable-Cam-Timing-(VCT)-System-Market-Dominant-Segments

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    Automotive Variable Cam Timing (VCT) System Market Share by Vehicle Type

    Firstly, the market is segregated by vehicle types as passenger car and commercial vehicle, the most crucial market segment. Passenger car is estimated to remain the biggest sailor of VCT systems in the coming five years. Large production of passenger cars coupled with high penetration of VCT systems is a key factor behind the dominance of the passenger car segment in the market. Furthermore, increasing the production of hybrid electric vehicles is further corroborating the market potentials of VCT systems in passenger cars.

    Automotive Variable Cam Timing (VCT) System Market Share by Powertrain Type

    The use of VCT systems also varies from engine to engine. Stratview’s study on the engine-based segment highlights the irrefutable dominance of the internal combustion engine (ICE) in the VCT systems market. ICE, the traditional technology, is still most prevalent across regions with a fair penetration of VCT systems. Hybrid engine, a relatively new technology, is subjected to record a higher growth post the pandemic. The high focus of automakers for the development of hybrid vehicles with the use of advanced technologies including VCT systems, aiming to curb the carbon emissions, may drive the segment’s market in years to come.

    Automotive Variable Cam Timing (VCT) System Market Share by Product Type

    VCT systems are primarily of two types: hydraulic VCT system and electric VCT system. The study based on the types of VCT systems identifies the Hydraulic VCT system as the most dominant product type in the market. However, the electric VCT System is likely to exhibit faster growth in the long run. Electric VCT system exhibits better phasing performance as compared to conventional hydraulic VCT systems.

    Regional Insights

    The assessment of the pandemic reveals a mammoth change in both short- as well as long-term regional business perspective. The outbreak of the pandemic plummeted vehicle production as well as undermined the VCT systems’ penetration rate. Despite several setbacks caused by maturing indigenous demand, fading export, and the pandemic’s impact, Asia-Pacific, the largest producer of automobile producer, is projected to maintain its dominance in the automotive VCT system market in the foreseen future in terms of both value and units.

    Automotive-Variable-Cam-Timing-(VCT)-System-Market-By-Region

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    China is estimated to maintain its leadership in the global market in the coming five years despite decreasing vehicle production in the past two years as well as a substantial plunge in the production in the year 2020 triggered by the pandemic. The country’s auto stakeholders have been meticulously investing in new automotive technologies with a high focus on HEVs comprised of VCT systems.

    Europe, the second-largest market, is also likely to exhibit a sizeable demand for VCT Systems during the forecast period. The region is estimated to be one of the two worst-impacted regions of the market. The region was already facing massive decline, engulfed by several industry-related challenges including declining demand from China since 2018, the uncertainty of the Brexit, delays in adopting EVs, and diesel-gate scandal with stringing emission norms, leading to a huge decline in diesel car sales. The pandemic has exacerbated the regional market conditions by taking the key economies into its grip.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Size in 2025

    US$ 3.1 billion

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, France, Germany, France, the UK, Russia, Italy, China, Japan, India, South Korea, Brazil, Argentina and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The automotive variable cam timing systems market is segmented into the following categories.

    Automotive VCT Systems Market Size, Share & Forecast, by Vehicle Type

    • Passenger Car (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive VCT Systems Market Size, Share & Forecast, by Powertrain Type

    • Internal Combustion Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hybrid Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive VCT Systems Market Size, Share & Forecast, by Product Type

    • Hydraulic VCT System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electric VCT System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive VCT Systems Market Size, Share & Forecast, By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)