According to a new market report by Lucintel, the future of the global continuously variable transmission market looks promising with passenger cars, light commercial vehicles, heavy commercial vehicles and other market. The global continuously variable transmission market is expected to grow with a CAGR of 5% to 7% from 2022 to 2027. The major driver for this market are increase in demand for eco-friendly vehicles, durability and requires lower maintenance than their counterparts, and offers more useable power and consumes less fuel than conventional and manual transmission systems.
In this market, gasoline, diesel, and hybrid are the major market segments of the continuously variable transmission market by fuel. On the basis of its comprehensive research, Lucintel forecasts that hybrid will remain the largest segment and it is expected to witness the highest growth over the forecast period due to the fixed gear ratio and higher torque handling capability, and is equipped with power-split CVT technology.
Within this market, passenger cars is expected to remain the largest segment due to the rise in the demand for utility vehicles in highly populated countries, rise in preference for private transport and buying power of consumers and high demand for e-class, crossovers, SUVs, and hatchbacks.
APAC will remain the largest region due to higher volume of vehicles produced in prominent countries, including China and Japan, and lower manufacturing and labour cost across the region.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing adoption of the power-split automotive continuously transmission systems, and smooth driving experience and quick acceleration for users. TEAM Industries Inc., Schaeffler AG, Endurance Technologies Limited, NIDEC-SHIMPO, ZF Friedrichshafen AG, STEYR, Toyota Motor Corporation, Gaokin Industry Co. Ltd., General Transmissions, and Fallbrook Intellectual Property Company LLC. are the major suppliers in the global continuously variable transmission market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global continuously variable transmission market by fuel, type, vehicle type, capacity, end user and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Continuously Variable Transmission Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global continuously variable transmission market by fuel, type, vehicle type, capacity, end user and region, as follows:
Continuously Variable Transmission Market by Fuel [Value ($B) shipment analysis for 2016-2027]:
· Gasoline
· Diesel
· Hybrid
Continuously Variable Transmission Market by Type [Value ($B) shipment analysis for 2016-2027]:
· Hydrostatic
· Toroidal
· Cone
· Variable geometry
· Variable diameter
Continuously Variable Transmission Market by Vehicle Type [Value ($B) shipment analysis for 2016-2027]:
· Passenger cars
· Light commercial vehicles
· Heavy commercial vehicles
· Others
Continuously Variable Transmission Market by Capacity [Value ($B) shipment analysis for 2016-2027]:
· Up to 1.5 L
· 1.5 L to 3.0 L
· Above 3.0 L
Continuously Variable Transmission Market by End User [Value ($B) shipment analysis for 2016-2027]:
· OEM
· Aftermarket
Continuously Variable Transmission Market by Region Type [Value ($B) shipment analysis for 2016-2027]:
·North America
o US
o Canada
o Mexico
·Europe
o Germany
o France
o Russia
o United Kingdom
·Asia Pacific
o China
o Japan
o South Korea
o India
o Indonesia
·The Rest of the World
o Brazil
o Argentina
A more than 150 pages and in-depth TOC on “Global Continuously Variable Transmission Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the continuously variable transmission market by fuel (gasoline, diesel and hybrid), type (hydrostatic, toroidal, cone, variable geometry, and variable diameter), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles, and others), capacity (up to 1.5 L, 1.5 L to 3.0 L, and above 3.0 L), end user (OEM and aftermarket) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?