Variable Valve Timing Market

Variable Valve Timing Market Snapshot

The Variable Valve Timing market value is projected to reach US$ 74,335.6 Mn in 2032. The market for variable valve timing is primarily driven by the growing automotive sector as well as rising demand for enhanced and cutting-edge technology in terms of fuel-efficient engines around the globe.

According to FMI, the Variable Valve Timing Market is estimated to be valued at US$ 44,753.4 Mn in 2022 and is projected to increase at a CAGR of 5.8% in the forecast period from 2022 to 2032.

Attributes	Details
Market Size (2021)	US$ 42,325.1 Million
Market Size 2022	US$ 44,753.4 Million
Market Size 2032	US$ 74,335.6 Million
Value CAGR (2022 to 2032)	5.8%

The global market for variable valve timing has experienced significant growth in recent years as a result of rising demand for more efficient and advanced technology in terms of fuel and vehicle performance, respectively.

Vehicle emissions are rising due to the increased use of passenger and commercial vehicles worldwide, which is a major challange for automakers working to develop vehicles with fuel-efficient technologies. To prevent these circumstances, regulatory agencies are establishing strict regulations for the emission of hazardous and harmfull gases from vehicles.

The OEMs are concentrating on developing new engine technology that can improve performance in order to meet the pollution limits and sustainability challenges. Increasing customer preference for fuel-efficient vehicles, which would likely lead to significant market growth.

One of the primary goals of using variable valve timing systems is to manage the timing of the valves within the engine control unit. An essential component of the engine control unit is the variable valve timing system, which combines mechanical and electrical components to regulate the lift and duration of the valve.

A vehicle's overall carbon output is decreased using a variable valve timing system. This is predicted to accelerate market expansion throughout the forecast period. Increased sales of crossover and special utility vehicles, particularly in the passenger car category, are another factor driving the industry.

Historic Market Outlook For Variable Valve Timing

Analysis of the market for variable valve timing from 2017 to 2021 revealed a historical growth rate of less than 5.1% CAGR, with the market expansion being driven by the general expansion of the automotive industry as customers increased spending due to rising disposable incomes.

Initial recessionary downturns brought on by the COVID-19 pandemic resulted in dilation in the supply chain, reduced demand and sales, and production stops or delayed deliveries, shattering growth expectations in the automotive sector. All these are the factors that hampered the automotive market, and also the variable valve market in the pandemic.

However, after the reduced percentage of COVID spread and flattening of infection curves in 2022, the production activities and supply chain resumed with strong demand. As a result of this, FMI’s variable valve timing market demand projection predicts a CAGR of 5.8% by 2032.

What Are The Various Factors Driving The Variable Valve Timing Market?

The market is growing as a result of a number of factors, including rising hybridization rates, stricter pollution standards in developed and developing nations, and consumer demand for better fuel economy and vehicle performance. A vehicle's variable valve timing system prolongs the life of the engine while advancely enhancing discharges, efficacy, or execution.

Customers want vehicles that are more fuel efficient and have higher overall performance. The engine is the primary factor that affects a vehicle's performance, and the VVT system is utilised to improve this aspect. It has better motor force, a better burn, uses less fuel, emits less pollution, and optimises the motor cycle. Due to these factors, the market is driven by increased demand for VVT systems in the automotive industry.

Additionally, the variable valve timing system aids in adjusting the valve timing in accordance with the IC engine cycle, consequently reducing carbon emissions and ultimately promoting the expansion of the global variable valve timing (VVT) market.

Which Factors May Hinder The Variable Valve Timing Market Growth?

However, it will be harder for a traditional VVT system to provide the necessary level of performance and economy on a stand-alone basis as the fuel economy standards and pollution laws are expected to get substantially stricter. When examining the future of variable valve timing in automobiles, a great desire for new and advanced technology is noticeable.

Although innovative and new technologies have been developed, they must first undergo extensive testing before being used in the regular market. For instance, cam-less Variable Valve Actuation (VVA) systems give the engine's valve train flexibility by providing variable valve event timing, duration, and lift. The market for traditional VVT systems may become constrained in the future due to the emergence of such cutting-edge technologies.

In addition, the increasing use of electric vehicles (EVs) might be seen as the biggest hindrance to the expansion of the global market. Government officials have been particularly concerned about the rising vehicle emissions produced by conventional fuel-based vehicles. Governments are providing financial rewards in the form of subsidies or tax exemptions to individuals buying EVs due to rising global pollution levels.

What Is The Regional Analysis Of Variable Valve Timing Market Share?

The market for variable valves is expected to rise due to China's and India's developing automotive industries. Due to the maturity of the automotive sector in Japan and South Korea, the market for VVT is anticipated to expand at a moderate rate.

The Asia Pacific market will rule the sector and experience the highest growth over the coming years. This is because the region's automobile industry includes constantly growing markets including China, Japan, South Korea, and India.

Additionally, rising nations in South Asia and the ASEAN region have a significant demand for VVT systems. The global automotive VVT market in the region is anticipated to experience growth over the forecast period, as a result of rising consumer per capita income, customised financing plans, and decreasing vehicle loan interest rates.

Market Competition

Key players operating in the Variable Valve Timing market include Mitsubishi Electric Corporation, Schaeffler Technologies AG & Co. KG, DENSO CORPORATION, BorgWarner Inc., Hitachi Automotive Systems, Eaton, Hilite International, Mikuni American Corporation, TOYOTA MOTOR CORPORATION, Camcraft, Aisin Seiki Co. Ltd, Continental AG, HUSCO International, Robert Bosch GmbH, Delphi Automotive System Inc, Metaldyne Performance Group Inc., Johnson Controls Inc., Perodua.

The Variable Valve Timing market is highly consolidated as a result of the presence of OEM’s in automotive sector. Key market players are enhancing their regional and worldwide product networks through the introduction of new products, joint ventures, and partnerships with significant industry players.

• In 2021, The Roads and Transport Authority of the Dubai government revealed its ambitious intentions to replace half of the cabs in the Emirate with hybrid cars that provide tax incentives to the customer and speed up the sales of hybrid electric cars.

Scope Of The Report

Attribute	Details
Growth Rate	CAGR of 5.8% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2017 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million, Volume in Units and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Technology Phaser Type Valvetrain Fuel Type Vehicle Type Region
Regions Covered	North America Latin America Europe East Asia South Asia & Pacific Middle East and Africa
Key Countries Covered	USA Canada Mexico Brazil Germany Italy France UK Spain Benelux Russia China Japan South Korea India ASEAN ANZ GCC Countries Turkey South Africa North Africa
Key Companies Profiled	Mitsubishi Electric Corporation (Tokyo, Japan) Schaeffler Technologies AG & Co. KG (Herzogenaurach, Germany) DENSO CORPORATION (Aichi, Japan) BorgWarner Inc. (Michigan, USA) Hitachi Automotive Systems (Tokyo, Japan) Eaton (Dublin, Ireland) Hilite International (Texas, USA) Mikuni American Corporation (California, USA) TOYOTA MOTOR CORPORATION (Aichi, Japan) Camcraft (Illinois, USA) Aisin Seiki Co. Ltd (Japan) Continental AG (Germany) HUSCO International (USA) Robert Bosch GmbH (Germany) Delphi Automotive System Inc (USA) Metaldyne Performance Group Inc. (USA) Johnson Controls Inc. (Ireland) Perodua (Malaysia)
Customization & Pricing	Available upon Request

Key Segments Profiled In The Variable Valve Timing Market Report Variable Valve Timing Market

By Technology, Variable Valve Timing Market is segmented as:

• Cam-Phasing
• Cam-Phasing plus changing

By Phaser Type, Variable Valve Timing Market is segmented as:

• Hydraulic Cam Phaser
• Electric Cam Phaser

By Valvetrain, Variable Valve Timing Market is segmented as:

• Dual Overhead Camshaft (DOHC)
• Single Overhead Camshaft (SOHC)

By Fuel Type, Variable Valve Timing Market is segmented as:

• Gasoline
• Diesel

By Vehicle Type, Variable Valve Timing Market is segmented as:

• Passenger Vehicle
  • Compact Car
  • Midsize Car
  • SUV
  • Luxury
• Commercial Vehicle

By Region, Variable Valve Timing Market is segmented as:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa

Frequently Asked Questions

What was the value of the Variable Valve Timing Market in 2021?

In 2021, the value of the Variable Valve Timing Market reached over US$ 42,325.1 Mn.

At what rate is the Variable Valve Timing Market projected to expand during the forecast period?

During the forecast period, the Variable Valve Timing Market is estimated to expand at a CAGR of 5.8% during 2022-2032.

By 2032, what will the value of the Variable Valve Timing Market?

The Variable Valve Timing Market is projected to reach US$ 74,335.6 Mn by the end of 2032.

Which region is set to lead the Variable Valve Timing Market?

Asia-Pacific region is projected to lead the variable valve timing market in the forecast period.

Which are the top players in the Variable Valve Timing Market?

The key players operating in the variable valve timing market are Denso Corp., Schaeffler AG, Hitachi Automotive Systems, Hilite International, and Aisin Seiki Co. Ltd.