About Automotive CVT Parts
Continuously Variable Transmission (CVT) is a type of automatic transmission that provides an uninterrupted range of speed ratios, unlike a normal transmission that provides only a few discrete ratios. The improved materials, which includes great density belts, hydraulics and high speed sensors and microprocessors, the stage was set for CVT’s rise in the automobile industry. CVT is a technology with advanced fuel efficiency, infinite gear ratios, lower manufacturing costs, steady cruising speeds & better acceleration abilities.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global Automotive CVT Parts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sussex Auto Parts Ltd (United Kingdom), Magna International (Canada), Schaeffler (Germany), JTEKT (Japan), Continental AG (Germany), NSK (Japan), Endurance Technologies Limited. (India), Hyundai WIA (Korea), CIE Automotive (Spain), BorgWarner (United States) and ZF Friedrichshafen AG (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Punch Powertrain (Belgium), NTN (Japan), EXEDY (Japan) and Aisin (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Automotive CVT Parts market by Type (Frictional/Pulley Based, Toroidal CVT, Hydrostatic CVT and Others), Application (Passenger Cars, Commercial Vehicles and Electric Vehicles) and Region.
On the basis of geography, the market of Automotive CVT Parts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Power/Density Belt will boost the Automotive CVT Parts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Automotive CVT Parts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Exploration of Alternative Raw Materials with an Aim to Reduce the Weight and Innovative Technologies in Automobile Components Manufacturers
Market Growth Drivers:
Increasing Demand for Automobile in Developing Countries
Challenges:
Dominance of Local Players
Restraints:
Rising Raw Materials Prices and Low Replacement Rate Owing to Longer Life-span
Opportunities:
Infrastructure Development in Developing Countries
Market Leaders and their expansionary development strategies
In September 2021, ZF developed an The Modular eDrive Kit was once displayed at worldwide debut at IAA 2021, in accordance to ZF. It combines ZF's e-mobility team's entire know-how into structures solutions, components, and software program manipulate in a versatile platform. It improves strength density, weight, and effectivity by means of a massive amount. Mechanical losses can be decreased by way of up to 70% the use of optimized transmissions, as nicely as especially environment friendly cooling and lubrication methods. To do so, ZF relies upon on its big ride in the subject of transmissions.
Key Target Audience
Manufacturers of Automotive CVT, Suppliers of Automotive CVT, Wholesalers, Distributors and Retailers of Automotive CVT, Automobile Industry, Components Providers and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.