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    Automotive Variable Cam Timing System Market

    Automotive Variable Cam Timing System Market
    Report code - SRTI146 Published On : May,2019 No. of Pages: 190

    Automotive Variable Cam Timing (VCT) System Market by Powe See more...

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    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.

    Automotive VCT System Market: Highlights

    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.

    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.

    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.

    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.

    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.

    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

    This report offers high-quality insights and is 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. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. About 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter 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

    The global automotive VCT system market is segmented into the following categories. 

    Automotive VCT System Market, 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 System Market, By Vehicle Type

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

    Automotive VCT System Market, 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 System Market, 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 Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Market Segmentation

    • Current market segmentation of any one of the vehicle types by powertrain type

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.


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