The global automotive VVT & start-stop system market is projected to grow at a CAGR of 5.6 %, reaching USD 85.5 billion by 2027 from an estimated USD 58.5 billion in 2020. Increase in demand for fuel-efficient vehicle and stringent government rules for emission are expected to boost the growth of the market. In addition, rise in demand for hybrid vehicle fuels the market growth. However, high cost of start-stop system and wear of engine due to increase in start-stop cycle are the critical factors that are expected to restrict the growth of the global market.
Presently, prices of fuels such as gasoline, diesel, and others are rising exponentially, which makes it difficult for majority of consumers to afford fuels for automobiles. Due to such petrol price hike, demand for fuel-efficient vehicle is increasing, which in turn forces the automobile manufacturers to manufacture vehicle with high fuel efficiency. VVT and start-stop system in automobile stops the engine when the vehicle comes to a stop such as red light and others, and the engine restarts when driver take foot off the brake to press gas pedal. This functioning of VVT and start-stop system reduces the unnecessary consumption of fuel when the vehicle is idling, which in turn increases the fuel efficiency and mileage of the vehicle. Thus, increase in demand for fuel-efficient vehicle is driving the growth of the VVT and start-stop system market.
An operating automobile emits number of gases such as hydrocarbons, nitrogen oxides, and others from its tailpipe in atmosphere which contributes to the smog, and climate change. Government of various countries established stringent emission rules for vehicle. For instance, Euro 6 is the latest emission regulation by European Union directive to reduce harmful gases such as carbon monoxide (CO), nitrogen oxide (NOx), hydrocarbons, and others from exhaust system of the vehicle. When the vehicle is in the idling condition, vehicles main propulsion engine is operating when the vehicle is stopped, which results in increase in the emission of harmful emission pollutants. VVT and start-stop system kills the working of engine when the vehicle is in idling condition and thus stops the emission of greenhouse gases into the atmosphere. Therefore, stringent government rules for emission of harmful gases from vehicles exhaust is driving the growth of the VVT and start-stop system market.
The global VVT & start-stop system market is dominated by key manufacturers such as Continental AG (Germany), Denso Corporation (Japan), Delphi Technologies (UK), BorgWarner Inc. (US), Robert Bosch GmbH (Germany), and Hitachi Ltd. (Japan). These companies have been focusing on developing new products and are entering into partnerships with key organizations to expand their presence in the global VVT & start-stop system market.
The Asia Pacific region is estimated to be the largest market for VVT & start-stop system during the forecast period. This is due to the presence of emerging markets such as India and China, the two most populated countries in the world. In the case of start-stop systems, the North American and the European regions are expected to have a faster growth rate. In the case of VVT, the Asia Pacific region is expected to witness the fastest growth from 2020 to 2027. The stringent vehicle emission regulations around the world would further boost the market for VVT and start-stop systems.
Presently, prices of fuels such as gasoline, diesel, and others are rising exponentially, which makes it difficult for majority of consumers to afford fuels for automobiles. Due to such petrol price hike, demand for fuel-efficient vehicle is increasing, which in turn forces the automobile manufacturers to manufacture vehicle with high fuel efficiency. VVT and start-stop system in automobile stops the engine when the vehicle comes to a stop such as red light and others, and the engine restarts when driver take foot off the brake to press gas pedal. This functioning of VVT and start-stop system reduces the unnecessary consumption of fuel when the vehicle is idling, which in turn increases the fuel efficiency and mileage of the vehicle. Thus, increase in demand for fuel-efficient vehicle is driving the growth of the VVT and start-stop system market.
An operating automobile emits number of gases such as hydrocarbons, nitrogen oxides, and others from its tailpipe in atmosphere which contributes to the smog, and climate change. Government of various countries established stringent emission rules for vehicle. For instance, Euro 6 is the latest emission regulation by European Union directive to reduce harmful gases such as carbon monoxide (CO), nitrogen oxide (NOx), hydrocarbons, and others from exhaust system of the vehicle. When the vehicle is in the idling condition, vehicles main propulsion engine is operating when the vehicle is stopped, which results in increase in the emission of harmful emission pollutants. VVT and start-stop system kills the working of engine when the vehicle is in idling condition and thus stops the emission of greenhouse gases into the atmosphere. Therefore, stringent government rules for emission of harmful gases from vehicles exhaust is driving the growth of the VVT and start-stop system market.
The global VVT & start-stop system market is dominated by key manufacturers such as Continental AG (Germany), Denso Corporation (Japan), Delphi Technologies (UK), BorgWarner Inc. (US), Robert Bosch GmbH (Germany), and Hitachi Ltd. (Japan). These companies have been focusing on developing new products and are entering into partnerships with key organizations to expand their presence in the global VVT & start-stop system market.
The Asia Pacific region is estimated to be the largest market for VVT & start-stop system during the forecast period. This is due to the presence of emerging markets such as India and China, the two most populated countries in the world. In the case of start-stop systems, the North American and the European regions are expected to have a faster growth rate. In the case of VVT, the Asia Pacific region is expected to witness the fastest growth from 2020 to 2027. The stringent vehicle emission regulations around the world would further boost the market for VVT and start-stop systems.
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