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
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.
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 Automotive Continuously Variable Transmission System Market 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.
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.
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.
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