Automotive Continuously Variable Transmission System Market

Global Automotive Continuously Variable Transmission System Market by Types (Entry-level and Mid-level, Luxury), Applications (Passenger Cars, Commercial Vehicles) And by Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2028

  • Report ID: AL-220
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 148
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The global automotive continuously variable transmission system market is anticipated to expand at a CAGR of 5.2% during the forecast period, 2020-2028. The growth of the market is attributed to technological innovations.

A CVT or Continuous Variable Transmission seamlessly changes the gear ratios, which has an unending range, whereas other types of mechanical transmissions offer a fixed number of gear ratios and have hard shifts. CVT systems are also known as single-speed, shiftless, and stepless transmissions.

Automotive Continuously Variable Transmission System Market Key Takeaways

Technological advancements in the CVT systems helps the auto manufacturers to add value to the vehicles, reduce the costs, and improve the profit margins. The advancements help the manufacturers to meet the requirements of environmental legislation. It is through technology that manufacturers are able to address consumer demands such as safety and comfort.

A traditional transmission uses a wide variety of intricate parts to shift between a range of gears while most CVT systems work through a pulley system. In short, this system consists of cones at each pulley connected via a chain belt. The cones can move across the chain belt to increase or decrease the belt diameter.

Market Trends, Drivers, Restraints and Opportunities

  • Technology advancements is a key driver influencing the growth of the automotive continuously variable transmission system market.
  • Rising adoption of CVT systems in premium/luxury cars owing to stellar performance and comfort is speculated to spur the market growth.
  • Increasing purchasing power due to improving economic conditions is propelling the market growth
  • The Covid-19 pandemic had resulted in shutdown of manufacturing facilities while it has reduced the working hours, which is negatively impacting the market growth.
  • Industrial revolution 4.0 has impacted the advancement of the market and is proving lucrative opportunities in the manufacturing industry. This, in turn, is expected to stimulate the market growth.
  • Globalization and expansion of overseas manufacturing facilities in addition to mergers between automakers has resulted in opportunistic growth of the market.

Scope of the Report

The report on the global body shaping implants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

 

Global Automotive Continuously Variable Transmission System Market Segment Insights:

On the basis of types, the market is segregated into entry-level and mid-level, and luxury. The entry- level segment led the global automotive CVT system market with a share of more than 40% in 2019. This segment is anticipated to grow at a healthy rate during the forecast period.

Automotive Continuously Variable Transmission System Market By Type

Based on applications, the market is divided into passenger cars and commercial vehicles. The passenger cars segment comprised of cars, utility vehicles, and vans, which is witnessing substantial rise in demand across the globe. Incentives offered by the government for the adoption of electric vehicles, emission regulations, developments in the used-car market, and market shares of OEMs has led to the rising demand for passenger cars segment. The decreased interest rate offered by banks due to the COVID-19 pandemic has increased the demand for passenger vehicles.

Automotive Continuously Variable Transmission System Market By Application

On the basis of regions, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. In 2019, Asia Pacific accounted for more than 50% of the market share. The market in this region is anticipated to grow at a robust rate during the forecast period owing to rising disposable income and rapid industrialization in the emerging economies such as India and China. On the other hand, the market in Europe is anticipated to grow at a healthy rate owing to presence of major industry players and rapid technological advancements by the auto makers in the region.

Automotive Continuously Variable Transmission System Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Continuously Variable Transmission System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Continuously Variable Transmission System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Continuously Variable Transmission System Market - Supply Chain
  4.5. Global Automotive Continuously Variable Transmission System Market Forecast
     4.5.1. Automotive Continuously Variable Transmission System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Continuously Variable Transmission System Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Continuously Variable Transmission System Market Absolute $ Opportunity
5. Global Automotive Continuously Variable Transmission System Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Types
     5.3.1. Entry-level
     5.3.2. Mid-level
     5.3.3. Luxury
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automotive Continuously Variable Transmission System Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Applications
     6.3.1. Passenger Cars
     6.3.2. Commercial Vehicles
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Automotive Continuously Variable Transmission System Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Automotive Continuously Variable Transmission System Demand Share Forecast, 2019-2026
8. North America Automotive Continuously Variable Transmission System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Types
     8.4.1. Entry-level
     8.4.2. Mid-level
     8.4.3. Luxury
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Applications
     8.7.1. Passenger Cars
     8.7.2. Commercial Vehicles
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Automotive Continuously Variable Transmission System Demand Share Forecast, 2019-2026
9. Latin America Automotive Continuously Variable Transmission System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Types
     9.4.1. Entry-level
     9.4.2. Mid-level
     9.4.3. Luxury
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Applications
     9.7.1. Passenger Cars
     9.7.2. Commercial Vehicles
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Automotive Continuously Variable Transmission System Demand Share Forecast, 2019-2026
10. Europe Automotive Continuously Variable Transmission System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Types
     10.4.1. Entry-level
     10.4.2. Mid-level
     10.4.3. Luxury
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Applications
     10.7.1. Passenger Cars
     10.7.2. Commercial Vehicles
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Automotive Continuously Variable Transmission System Demand Share Forecast, 2019-2026
11. Asia Pacific Automotive Continuously Variable Transmission System Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Types
     11.4.1. Entry-level
     11.4.2. Mid-level
     11.4.3. Luxury
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Applications
     11.7.1. Passenger Cars
     11.7.2. Commercial Vehicles
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Automotive Continuously Variable Transmission System Demand Share Forecast, 2019-2026
12. Middle East & Africa Automotive Continuously Variable Transmission System Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Types
     12.4.1. Entry-level
     12.4.2. Mid-level
     12.4.3. Luxury
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Automotive Continuously Variable Transmission System Market Size and Volume Forecast by Applications
     12.7.1. Passenger Cars
     12.7.2. Commercial Vehicles
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Automotive Continuously Variable Transmission System Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Automotive Continuously Variable Transmission System Market: Market Share Analysis
  13.2. Automotive Continuously Variable Transmission System Distributors and Customers
  13.3. Automotive Continuously Variable Transmission System Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Aisin Seiki
     13.4.2. JATCO
     13.4.3. Punch Power Train
     13.4.4. IAV Automotive Engineering
     13.4.5. Efficient Drivetrains
     13.4.6. LuK
     13.4.7. TEAM
     13.4.8. Promens Deventer
Segments covered in the report
The global automotive continuously variable transmission system market has been segmented on the basis of

Types
  • Entry-level
  • Mid-level
  • Luxury

Applications
  • Passenger Cars
  • Commercial Vehicles

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

Key players competing in the global automotive continuously variable transmission system market are Aisin Seiki, JATCO, Punch Power Train, IAV Automotive Engineering, Efficient Drivetrains, LuK, TEAM, and Promens Deventer.

Aisin AW Co., Ltd. developed a Direct Shift-CVT (Continuously Variable Transmission) in a joint venture with Toyota. This type of CVT provides outstanding fuel efficiency and powerful driving performance. It is the world's first starting gear that enables direct and powerful starting and acceleration along with top-class gear ratio range. The CVT belt is narrowed and the diameter of the pulley is reduced, increasing the shift speed by 20% for a smooth shift and powerful and rhythmic driving performance.

Automotive Continuously Variable Transmission System Market By Key Players

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