In the world economic growth, the Variable Valve industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Variable Valve market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Variable Valve market size will be further expanded, we expect that by 2024, The market size of the Variable Valve will reach XXX million $.
Variable valve systems are used in vehicles to maximize performance, economy, and emission control. These systems comprise of Variable Valve Timing (VVT) and Variable Valve Lift (VVL). Variable valves are classified into 4 Cylinder, 6 Cylinder, and others.
Increasing production of passenger vehicles is expected to propel growth of the global variable valve market over the forecast period. For instance, according to European Automobile Manufacturers Association (ACEA), in 2018, South Asia produced 7,046,807 passenger cars compared to 6,811,671 in 2017. Moreover, increasing demand for luxury and semi-luxury vehicles is also expected to boost growth of the market. For instance, Mercedes-Benz India sold 15,538 units in 2018, posting year on year growth of 1.4%.
Stringent emission norms, especially in Europe, are expected to fuel growth of the global variable valve market. For instance, in October 2014, the European Union set a binding economy-wide domestic emission reductions target of at least 40% by 2030 compared to 1990. Moreover, increasing demand for gasoline is also expected to aid in growth of the market. For instance, according to Wood Mackenzie, an energy, chemicals, renewables, metals and mining research and consultancy group, the global gasoline demand is expected to reach 25.89 million barrels per day (bpd) in 2021.
Major automobile manufacturers are focused on integrating variable valve lift systems in their vehicles, which is expected to boost growth of the global variable valve market. For instance, in December 2019, BMW launched its latest M2 variant, the M2 CS, which has a S55 3-liter inline six-cylinder engine with BMW TwinPower turbo technology and two valvetronic variable valve timing and double-vanos fully variable cam timing.
Key players in the market are focused on launching new products to enhance their market share. For instance, in April 2018, Schaeffler developed switchable roller finger followers for cylinder deactivation in three-cylinder engines. The prototype was equipped on the intake side with the UniAir fully variable valve train system and with switchable valve train components on the exhaust side, additionally allowing charge cycle losses to be reduced.
Key Takeaways:
• Increasing production of passenger vehicles is expected to augment growth of the global variable valve market over the forecast period
• Increasing demand for gasoline is also expected to aid in growth of the market
• Major players operating in the global variable valve market include Borgwarner, Schaeffler, Hilite, Aisin Seiki, Denso, Hitachi, Delphi, Eaton, Jiangsu Hailong, and Fulin P.M.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
* Borgwarner
* Schaeffler
* Hilite
* Aisin Seiki
* Denso
* Hitachi
* Delphi
* Eaton
* Jiangsu Hailong
* Fulin P.M.
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7): Type Segmentation
Product Type Segmentation:-
-- 4 Cylinder
-- 6 Cylinder
Industry Segmentation:-
-- Gasoline Engine
-- Diesel Engine
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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