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Automotive Variable Cam Timing System Market Analysis | 2020-2025
Automotive Variable Cam Timing System Market Size, Share, Trend, Forecast, & Competitive Analysis: 2020-2025.
The variable cam timing (VCT) system is the simplest and cheapest form of variable valve timing (VVT) system. 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 seamless 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&D in order to develop advanced products better address the market issues. The introduction of stringent regulations regarding carbon emissions and fuel efficiency targets further propels 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 a 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 optimistic 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.
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Firstly, the market is segregated by vehicle types as passenger cars and commercial vehicles, the most crucial market segment. Passenger car is estimated to remain the biggest sailor of VCT systems in the coming five years. The large production of passenger cars coupled with the 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 potential of VCT systems in passenger cars.
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 higher growth post-pandemic. The high focus of automakers for the development of hybrid vehicles with the use of advanced technologies including VCT systems, aiming to curb carbon emissions, may drive the segment’s market in years to come.
VCT systems are primarily of two types: hydraulic VCT systems and electric VCT systems. 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.
The assessment of the pandemic reveals a mammoth change in both short- as well as long-term regional business perspectives. 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.
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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.
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Research Scope |
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Trend & Forecast Period |
2014-2025 |
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Size in 2025 |
US$ 3.1 billion |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Countries/Subregions Covered |
The USA, Canada, Mexico, France, Germany, France, the UK, Russia, Italy, China, Japan, India, South Korea, Brazil, Argentina and Others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The automotive variable cam timing systems market is segmented into the following categories.
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The supply chain of this market comprises raw material suppliers, component manufacturers, VCT system manufacturers, automotive OEMs, and tier players.
The key automotive VCT System manufacturers are-
The development of high-performance, lightweight, and compact 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.
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 a 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 the multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, 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.
This strategic assessment report on Automotive Variable Cam Timing (VCT) systems, from Stratview Research, studies the current penetration of the systems in different vehicle types in different regions as well as expected its future projections based on several market factors. The outcomes of the study are derived from 15+ primary interviews conducted across the value chain and 1,000+ authentic secondary data sources. The 217-page well-structured report comprises 150+ tables and figures covering all possible market angles with an aim to provide utmost benefits to the market stakeholders including VCT system manufacturers, tier players, OEMs, as well as raw material suppliers. The report also covers the detailed impact assessment of the pandemic in both, short- as well as long-term, estimating the possible loss incurred due to the pandemic on the automotive VCT systems market at the global, regional, and country levels.
The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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Driven by a number of factors like stringent emission standards by the governments of various countries, the automotive variable cam timing system market is projected to reach an estimated value of US$ 3.1 billion in 2025.
In terms of regions, Asia-Pacific is projected to remain the largest market during the forecast period in terms of both value and units.
Passenger car is expected to remain the larger segment of the market over the next five years.
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 market.
Hydraulic VCT system is expected to remain the dominant product type in the market in the coming years.
Electric VCT System is expected to witness the faster growth in the market during the next five years.
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