Automotive Variable Cam Timing System Market is Forecasted to Reach US$3.1 Billion in 2025, Says Stratview Research

The global Automotive Variable Cam Timing System Market size was valued at US$2.9 billion in 2019, and is projected to reach US$3.1 billion by 2025, witnessing a market growth CAGR of 6.3% from 2025 to 2025, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Automotive Variable Cam Timing System Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics

Segment Insights & Market Share Analysis of the Automotive Variable Cam Timing System Market:

The global Automotive Variable Cam Timing System Market is segmented based on Vehicle type, Powertrain type, and region.

Based on Vehicle type –

Passenger car is estimated to remain the biggest sailor of variable cam timing systems in the coming five years. The large production of passenger cars coupled with the high penetration of variable cam timing 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 variable cam timing systems in passenger cars.

Based on the Powertrain type –

Stratview’s study on the engine-based segment highlights the irrefutable dominance of the internal combustion engine (ICE) in the market. ICE, the traditional technology, is still most prevalent across regions with a fair penetration of variable cam timing systems.

Hybrid engines, a relatively new technology, is subjected to record higher growth post-pandemic. The high focus of automakers on 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.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that the Asia-Pacific is expected to remain the largest market for Automotive Variable Cam Timing System Market during the forecast period. This growth outlook is majorly attributed to the following–

• Asia-Pacific, the largest producer of automobile producer, is projected to maintain its dominance in the automotive variable cam timing system market in the foreseen future in terms of both value and units.
• 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 production in the year 2020 triggered by the pandemic.
• Europe, the second-largest market, is also likely to exhibit a sizeable demand for VCT systems during the forecast period. 

Automotive Variable Cam Timing System Market Drivers:

Some of the key drivers listed in the report are given below.

• Growing demand for fuel-efficient vehicles: Consumers are increasingly looking for fuel-efficient vehicles. VCT systems are proven to help improve fuel efficiency of any vehicle by adjusting the valve timing and improving the engine’s performance.
• Government regulations on emissions: Carbon dioxide concentrations are rising mostly because of the fossil fuels that people are burning for energy. ?Greenhouse gas (GHG) emissions from transportation accounts for ~29% of total U.S. greenhouse gas emissions, making it the largest contributor of U.S. GHG emissions, states the United States Environmental Protection Agency (US EPA). To reduce this emission level, several governments are passing regulations to reduce the emissions caused by transportation. VCT systems are a suitable solution to reduce emissions generated by vehicles.

Competitive Landscape: Top Companies in the Automotive Variable Cam Timing System Market:

The global market for Automotive Variable Cam Timing System Market is highly concentrated, with the top four companies capturing a lion’s share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. Stratview Research has identified the following companies as the top market players:

The supply chain of this market comprises raw material suppliers, component manufacturers, VCT system manufacturers, automotive OEMs, and tier players.

The key automotive variable cam timing system manufacturers are:

• Aisin Seiki Co., Ltd.
• BorgWarner Inc.
• Schaeffler AG
• Denso Corporation
• Hitachi Ltd.
• Mikuni Corporation.

Note: The above list does not necessarily include all the top players in the market.

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