The global VVT actuators market size is anticipated to be valued at USD 2,134.3 Million in 2022 and is projected to surpass USD 3,630 Million by 2032. The demand for VVT actuators is projected to rise at a steady CAGR of 5.5% during the forecast period.
The VVT actuators market share is anticipated to grow as they enable mechanisms like advancing or retarding valve timings, changing or overlapping valves, and in some situations, even lifting valves. VVT solenoid actuator aids in many ways.
For example, it precisely changes the opening and closing timing of the intake and exhaust valves in accordance with the demands of driving conditions. Due to these factors, the sales of VVT actuators are rising rapidly over the forecast period.
VVT actuators regulate VVT actuator symptoms valve timing and greatly enhance fuel efficiency and reduce emissions. These actuators commonly use oil pressure and hydraulics to adjust the position of a phaser mechanism. As a result of the rising demand, VVT actuator replacement cost is anticipated to rise during 2022 to 2032.
| Attribute | Details |
|---|---|
| VVT Actuators Market Value (2022) | USD 2,134.3 Million |
| VVT Actuators Market Anticipated Value (2032) | USD 3,630.0 Million |
| VVT Actuators Projected Growth Rate (2022 to 2032) | 5.5% |
The VVT actuators market research suggests that Problems related to engine performance or valve timing-related fault codes are resolved with the help of VVT actuators. Without the necessary equipment, such conditions might be difficult to diagnose.
Variable valve timing (VVT) actuators help to improve the engine's volumetric efficiency and reduce the number of exhaust gases the car produces. Due to these factors, the demand for VVT actuators is projected to witness a sharp rise throughout the forecast period.
Manufacturers of VVT actuators are continuously trying to make their products long-lasting so that technicians can activate a variable valve timing actuator using an actuator test and then listen for changes in the engine's auditory note and/or speed.
Rising automation in the automotive industry is one of the primary factors driving the sales of VVT actuators. Over the projection period, it is anticipated that the global automotive market is poised to grow steadily due to increased disposable income.
As a result of this, it is projected that a sizable portion of demand for VVT actuators is anticipated to come from emerging economies.
The VVT actuators market size is anticipated to rise due to the growing emphasis on enhancing fuel efficiency and implementing automation for improved control. Furthermore, the demand is rising as a result of the increased use of VVT actuators by regional and local automakers.
The sales of VVT actuator is likely to witness swift growth as many nations are likely to make it mandatory for VVT actuators to be used in passenger cars due to rising fuel efficiency. This factor is likely to have a positive impact on the global VVT actuators market.
Additionally, the demand for VVT actuators has increased with the development of autonomous automobiles, and this factor is anticipated to drive the global VVT actuators market throughout the forecast period. The rising cost of VVT Actuators, however, keeps the technology limited to expensive cars.
During the Actuator Test, Normal Idle
The waveform can be used to verify the proper operation of the variable valve timing circuit mechanically, hydraulically, and electrically. VVT actuators are essential for testing the engine's dynamic valve timing, which is another factor anticipated to boost the demand during the forecast period.
Tests of In-Cylinder Pressure
With the engine running, the in-cylinder conditions can be examined using a pressure transducer. This test can check the valve timing and look for problems with cylinder sealing.
During the forecast period, North America is expected to hold the second largest share of 12.0% in the global VVT actuators market. The growth in the region is owing to the presence of some of the most cutting-edge automotive automation technology and the high rate of technological adoption.
Demand for VVT actuators in the USA is predicted to soar by the conclusion of the projection period as more businesses enter the autonomous vehicle market. Furthermore, it is anticipated that over the projection period, Latin America is projected to increase its demand for automobiles, which is likely to increase the region's sales of VVT actuators.
Europe is projected to hold the largest share of 22% in the VVT actuators market during the forecast period. Due to the presence of some of the most well-known manufacturers in this region, the demand for VVT actuators has increased. The majority of passenger buses and cars in the European areas have VVT actuators, which encourage fuel efficiency.
Furthermore, VVT Actuators are witnessing high demand in Eastern Europe, not just from the automotive and marine industries but also from the aerospace industry.
Startups Strengthening their Foothold in the Market by following Latest Trends
Installing twin VVT actuators in compact-size passenger car engines is one of the most recent innovations that are likely to take off in the global VVT actuators market. The startups in the VVT actuators market are concentrating on giving tiny-size cars dual VVT systems in order to increase their fuel efficiency and engine power output.
Furthermore, OEMs are increasingly working on downsizing engines to lower the overall curb weight and increase mileage numbers as customers are being compelled by fluctuating fuel prices to purchase fuel-efficient vehicles.
In the forecast period, the VVT actuators market is projected to expand as a result of consumer demand for fuel-efficient automobiles since dual VVT systems provide a lightweight, affordable solution for increasing fuel efficiency and controlling emissions.
What are the Growth Strategies followed by Key Players in the VVT Actuators Market?
Few well-known companies dominate the global VVT actuators market. The major players in the market are concentrating on expanding their clientele and boosting their R&D expenditures. The level of competition in the market is likely to increase due to advancements in technology and governmental laws.
The majority of market developments are a result of the increase in sales of mid and full-size passenger cars, and manufacturers are gradually adding cruise control and VVT systems with the help of VVT actuators to compact cars to boost their performance and fuel economy.
The key market players profiled in the report include Mikuni American Corporation, Autorun, Delphi Automotive LLP, Mitsubishi Electric Corporation, Metal Seal Precision, Ltd., and Zhejiang DiMa Vehicle Industry Company.
Recent Developments in the VVT Actuators Market:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.5% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Placement Side, Implementation Method, End Use Application, Region |
| Regions Covered |
North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled |
Mitsubishi Electric Corporation; Camcraft, Inc.; Metal Seal Precision, Ltd.; Mikuni American Corporation; Zhejiang DiMa Vehicle Industry Company; Autorun; GOGO Automatic Company Ltd; Delphi Automotive LLP |
| Customization | Available Upon Request |
The VVT actuators market is predicted to register a CAGR of 5.5% from 2022 to 2032.
Europe is anticipated to lead the VVT actuators market during the forecast period.
The VVT actuators market is likely to hold a valuation of USD 3,630.0 Milllion by 2032.
Intake side segment dominates VVT actuators market.
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VVT Actuators Market
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