Variable Valve Timing VVT Market

The variable valve timing (VVT) is used to enhance the movement of opening and closing of the valves at multiple engine speeds. It is used to improve vehicle performance and reduce emissions. Moreover, it offers smooth idling at low RPM and maximum power at high RPM. The growth of the global variable valve timing (VVT) market is driven by various factors such as the stringent engine emission regulations in developed countries and the growing demand for enhanced fuel economy and vehicle performance. However, the growth of the market is expected to be hindered by increased sales of electric vehicles.

The global variable valve timing (VVT) market is expected to grow at approximately 6.35% CAGR during the forecast and reach USD 50,793.2 million by 2025. In 2018, the market was led by Asia-Pacific with a 44.4% share, followed by North America and Europe with shares of 28.0% and 22.5%, respectively.

The global variable valve timing (VVT) market has been segmented based technology, valve train, vehicle type, fuel type, and region. Based on technology, the cam-phasing segment dominated the global market with a share of 66.14%, having accounted for USD 21,985.9 million in 2018 and is projected to grow at the CAGR of 5.82%. Based on valve train, the DOHC segment dominated the global market with a share of 81.58%, having accounted for USD 27,116.6 million in 2018 and is projected to grow at the CAGR of 6.11%. Based on vehicle type, the passenger vehicle segment dominated the global market with a share of 72.02%, having accounted for USD 23,937.9 million in 2018 and is projected to grow at the CAGR of 5.93%. Based on fuel type, the gasoline segment dominated the global market with a share of 72.64%, having accounted for USD 24,144.1 million in 2018 and is projected to grow at the CAGR of 6.42%.