Global VVT and Start-Stop Systems Industry Expected to Reach $ 58.8 Billion by 2027
DUBLIN, December 17, 2021– (BUSINESS WIRE) – The market for VVT and Start-Stop systems by technology (Cam-phasing, Cam-phasing Plus Changing, BAS, Enhanced Starter, Direct Starter, ISG), Type of phaser (hydraulic, electronic), Valvetrain (SOHC and DOHC), Fuel Type, Vehicle and Region – The Global Forecast to 2027 report “has been added to ResearchAndMarkets.com offer.
The automotive VVT and start-stop system market is expected to grow at a CAGR of 5.7% to reach USD 58.8 billion by 2027, compared to USD 42.3 billion as of 2021.
The main factors responsible for the growth of this market include the strict emission regulations and energy efficiency standards enforced by different legislative bodies across the world. In addition, increased production of hybrid vehicles would stimulate the market for start-stop systems.
However, the COVID-19 pandemic had an impact on the market in the first few months. Demand and supply of automotive vehicles and components had stalled in the first months of 2020 across the globe as the entire ecosystem was disrupted. However, over the next two quarters, demand increased. In addition, vehicle sales and production grew at a rapid pace this year, but due to the chip shortage, vehicle production was again affected from the third quarter. Moreover, according to industry experts, this situation is expected to continue until the third quarter of 2022, after which time things will get back on track.
Dual Overhead Cam (DOHC) for VVT and Integrated Starting Generator (ISG) for on-off technology are expected to grow at a higher CAGR during the forecast period
In the case of VVT, double overhead camshaft (DOHC) technology is expected to develop at a faster rate in passenger cars, light commercial vehicles and heavy commercial vehicles. DOHC has dedicated valves for inlet and outlet. This leads to a smooth transmission, improved valve control, efficient fuel usage and a quiet ride. In the case of start-stop systems, the Integrated Starter Generator (ISG) is expected to have the highest growth as it allows for greater power generation capacity and better emissions benefits.
Asia-Pacific has high growth potential for VVT and start-stop systems market
The Asia-Pacific region includes fast emerging economies such as China and India, as well as developed countries such as Japan, and is the largest automotive market. In recent years, the region has become a hub for automobile production. As the governments of these countries have imposed strict emission standards and fuel efficiency levels, future vehicles must go through strict new car rating programs. The main factors responsible for the growth of this region include the increasing demand for fuel saving technologies such as turbocharging and VVT and start-stop system. In addition, improving socio-economic conditions in countries like India, Thailand and Indonesia have resulted in a growth in demand for premium passenger cars. This, in turn, has accelerated the market for VVT and start-stop systems in these countries.
The segment of direct starters by technology will hold the largest market for the start-stop system
Function such as automatic start-stop system can save up to fuel and reduce CO2 emissions. This technology is used in a direct injection internal combustion engine to allow it to be restarted instantly. The technology keeps the piston in an optimal position when the vehicle comes to a stop, so that an instant restart of the engine is possible by injecting fuel into the cylinder. The measures taken as part of the New European Driving Cycle (NEDC) have proven engine efficiency and fuel savings of up to 5-8%. Direct start technology holds the largest market in start-stop systems due to its presence in conventional motors.
Demand for fuel efficient vehicles
Increase in vehicle hybridization
Steadily growing demand for ice vehicles
Strict emission standards
Growing demand for electric cam phasers
Increased inclusion of Start-Stop technology in vehicles
Growing use of VVT systems in high-end motorcycles
Aisin Seiki Co. Ltd.
Cloyes Gear & Products, Inc.
Eaton Corporation plc
Honda Motor Co. Ltd.
Hyundai Motor Company
Magna International Inc.
Mitsubishi electric corporation
PMG Holding GmbH
Robert Bosch GmbH
Toyota Motor Corporation
Zf Friedrichshafen AG
For more information on this report, visit https://www.researchandmarkets.com/r/s2dw7y
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211217005512/en/
Laura Wood, Senior Press Director
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