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    Automotive Variable Cam Timing (VCT) System Market Size, Share & Forecast (2019-2024)

    Automotive Variable Cam Timing (VCT) System Market Size, Share & Forecast (2019-2024)
    Report code - SRTI146 Published On : May,2019 No. of Pages: 190

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    Automotive Variable Cam Timing (VCT) System Market Insights

    VCT System plays an important function of valve opening as it efficiently maintains the timing of the valve’s opening and closing. It cannot vary the valve lift, unlike cam changing VVT; however, VCT is the simplest and cheapest form of VVT because each camshaft needs only one VCT system, unlike other systems that employ an individual mechanism for every cylinder. Another noteworthy feature of the VCT system is that it increases internal residual gas by affecting the intake, combustion, and exhaust phases of the engine cycle. An increase in internal residual gas reduces the combustion temperature, which, in turn, decreases the nitrogen oxide (NOx) formation. The internally recirculated exhaust gas is rich in unburned hydrocarbons (HC), which can be burned in the next cycle.

    The penetration of VCT systems in gasoline engines has incessantly been increasing because of their several benefits. This corresponds to the generation of healthy growth opportunities for the market participants situated across the value chain. The market for VCT systems in the automotive industry is projected to grow at a higher rate than the overall automotive industry growth rate over the next five years to reach US$ 3,419.2 million in 2024. Organic growth in automobile production coupled with increasing penetration of VCT systems, stringent emission standards regarding by the governments of various countries, and a growing interest towards the development of more efficient engines are some major factors that are fueling the growth automotive VCT system market.

    Automotive Variable Cam Timing System Market Forecast

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    Automotive Variable Cam Timing (VCT) System Market Share Analysis

    Insights by Powertrain Type

    The automotive VCT System market is segmented based on the powertrain type as Internal Combustion Engine (ICE) and Hybrid Engine. ICE is expected to remain the growth engine of the automotive VCT system market during the forecast period.  Large production units of ICE vehicles primarily drive the demand for VCT system in the ICE segment. Hybrid engine is likely to witness the highest growth over the next five years, driven by increasing demand for hybrid engines.

    Insights by Vehicle Type

    Based on the vehicle type, automotive VCT system market is segmented as Passenger Cars and Commercial Vehicles. Passenger car is expected to remain the larger segment of the market over the next five years. The vehicle type is also likely to witness higher growth during the same period, driven by a greater adoption rate of VCT systems.

    Insights by Product Type

    Based on the product type, the market is segmented as Hydraulic VCT System and Electric VCT System. Hydraulic VCT System is expected to remain the dominant product type in the market during the forecast period. However, electric VCT System is likely to exhibit higher growth during the same period. Electric VCT system exhibits better phasing performance as compared to conventional hydraulic VCT system.

    Regional Insights

    In terms of regions, Asia-Pacific is projected to remain the largest automotive VCT system market during the forecast period in terms of both value and units. The region is also likely to exhibit the highest growth over the next five years. China, Japan, and India are the growth engines for the region’s market. Europe is also likely to exhibit a sizeable demand for automotive VCT Systems during the forecast period.

    Automotive Variable Cam Timing System Market Forecast

    Key Players

    The supply chain of this market comprises raw material suppliers, component manufacturers, VCT system manufacturers, automotive OEMs, and dealers. The key automotive VCT System manufacturers are BorgWarner Inc., Schaeffler AG, Magna International Inc., Denso Corporation, Delphi Technologies, Hilite International Inc., Hitachi Ltd., and Zhejiang Auto Parts Co., Ltd. Development of high-performance VCT systems and the formation of strategic alliances with OEMs or engine  manufacturers, are the key strategies adopted by the key players to gain a competitive edge in the market.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Market Scope & Segmentation

    Variable Cam Timing System is a technology of valve timing that offers better fuel efficiency, increased engine performance, and reduced emissions. One of the major benefits of this technology is that it optimizes the exhaust opening and intake closing of the throttle position.

    Variable Cam Timing System is known to be a technology that offers great performance at a much efficient cost. Hence, it is a perfect one for passenger vehicles.

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 3,419.2 million

    Forecast

    3.4% CAGR during 2019-2024

    Regions Covered

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

    Countries/Subregions Covered

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

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Automotive Variable Cam Timing (VCT) System Market Size, Share & Forecast by Powertrain Type:

    • Internal Combustion Engine
    • Hybrid Engine

    Automotive Variable Cam Timing (VCT) System Market Size, Share & Forecast by Vehicle Type:

    • Passenger Cars
    • Commercial Vehicles

    Automotive Variable Cam Timing (VCT) System Market Size, Share & Forecast by Product Type:

    • Hydraulic VCT System
    • Electric VCT System

    Automotive Variable Cam Timing (VCT) System Market Size, Share & Forecast by Region:

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

    Report Features

    This report, from Stratview Research, provides a comprehensive analysis that reflects the current automotive variable cam timing (VCT) system market realities and future market possibilities based on the study of current penetration of VCT in different vehicle types as well as forecast its expected penetration by 2024. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.


    A birds eye view of the Automotive Variable Cam Timing System Market

    What will be the size of the Automotive VCT System Market in the foreseeable years?

    Driven by a number of factors like stringent emission standards regarding by the governments of various countries, the automotive variable cam timing system market is projected to reach an estimated value of US$ 3,419.2 million in 2024.

    Which country/region is expected to remain the largest Automotive Variable Cam Timing System Market?

    In terms of regions, Asia-Pacific is projected to remain the largest automotive VCT system market during the forecast period in terms of both value and units.

    Which type of vehicle is expected to remain dominant?

    Passenger car is expected to remain the larger segment of the market over the next five years.

    Who are the key players in the automotive variable cam timing system market?

    BorgWarner Inc., Schaeffler AG, Magna International Inc., Denso Corporation, Delphi Technologies, Hilite International Inc., Hitachi Ltd., and Zhejiang Auto Parts Co., Ltd.are among the key players in the automotive variable cam timing system market.

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