5:31 AM Automotive Variable Cam Timing (VCT) System Market Size to reach US$ 3,419.2 million in 2024 |
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.
Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/482/automotive-variable-cam-timing-system-market.html https://www.stratviewresearch.com/482/automotive-variable-cam-timing-system-market.html
By Powertrain Type: 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. By Vehicle Type: 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. By Product Type: 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. By Region: 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. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/482/automotive-variable-cam-timing-system-market.html Features of the Report 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. Based on the research, a proper report is crafted with the following key features:
Click here for other high value market reports from Stratview Research in the Automotive Industry: https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html About Stratview Research Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies. Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. For enquiries,
|
|
|
| Total comments: 0 | |