Continuous Variable Transmission Market Size, Growth, Revenue Highlights On Future Development 2030 | GKN (U.K), SKF (Sweden), NTN Corporation (Japan)
Research Reports
Mar 30, 2022
Overview:
Continuously variable transmission systems are known for a smoother driving experience, better fuel economy, more useable power, quicker acceleration, and consume lesser fuel than conventional automatic or manual transmission system. With this, there is a wide variety of continuously variable transmission systems that are used in tractors, go-karts, snowmobiles, and motor scooters, and mix harvesters. Thus, the growing demand for these vehicles boosted the sales of continuously variable transmission systems across the globe, thus surged the market valuation to a great extent.
After this, MRFR also pays to focus on the fact that design and application engineers are also focusing on the development and implementation of advanced continuously variable transmission technologies. In the case of point, TEAM Industries, an engineering and manufacturing company, is designing and fabricating flyweights, springs, and helixes using the latest toroidal traction technology required in the CVT systems for optimum performance.
Compactness, optimized performance, cost-efficient design, and better driving dynamics owing to no interruptions to tractive power are some of the factors that are predictable to compel the global continuously variable transmission market during the forecast period. The growing demand for environmental-friendly technologies, low emissions along with fuel efficiency, and efficient transmission options are other motivating factors in the global continuously variable transmission market over the foretell period.
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Competitive Landscape
The key players Automotive constant velocity joint market size is located globally.
- GKN (U.K)
- IFA Rotorion (Germany)
- SKF (Sweden)
- Shandong Huifeng Auto Fittings Co Ltd (China)
- Taizhou Hongli Automobile & Cycle Group (China)
- Wanxiang Qianchao Co Ltd (China)
- Nanyang Automobile &Cycle Group (China)
- Nexteer Automotive (U.S.), N.K.N Co Ltd (Japan)
- NTN Corporation (Japan)
Segment Overview
Automotive constant velocity joint market share can be segmented into three types that is by joint type, vehicle type, and application.
- By joint type- Tracta Joints, Rzeppa Joints, Double Coupling, and Thompson Coupling.
- By vehicle type- PC, LCV, HCV
- By application – commercial, logistics, defence, and aviation.
Regional Analysis:
North America and Europe, with better rules to maintain the environmental norms, are expected to boost the continuous variable transmission market Size growth. These two regions also have several prominent automotive brands, which influence the market growth by spurring the intake of the product. In North America, better investment supports the easy incorporation of latest technologies, and enhance infrastructure is expected to provide thrust to the market. Asia Pacific will also register strong growth due to the burgeoning automotive sector.
Industry News:
In May 2020, Punch Powertrain announced that it had produced the 3 millionth Continuously Variable Transmission (CVT) in its production facility situated in Nanjing, China. The company had started operating in 1991 and since then, its top-notch CVT technology became a part of over 100 different car models across the world. These models are a part of 36 global car brands. At present, the company has a huge market in China and other Asian countries. Punch Powertrain’s CVT portfolio also indicates that the company has enjoyed a reputation for developing robust and cost-efficient transmission solutions. These can be tailored to fit the market needs.
In August 2020, Subaru of America, Inc. announced the pricing for the 2021 Forester compact SUV, one of the popular models the company has in its arsenal. The fifth-generation Forester is getting lauded for capability, most space, features, and safety technology and is by far the best among the lot. The 2021 Forester will come in five trim levels Premium, Sport, Base, Limited, and Touring. All Forester models have a 2.5-liter SUBARU BOXER® engine along with a Lineartronic® CVT and an excellent Subaru Symmetrical All-Wheel Drive.
During the COVID-19 pandemic, the global automotive sector witnessed a heavy slump in production due to various issues, which indirectly affected the global continuous variable transmission market Size. However, the market is gaining its foothold as countries have relaxed lockdowns and production has started.
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TABLE OF CONTENTS
REPORT PROLOGUE
INTRODUCTION
DEFINITION
SCOPE OF THE STUDY
RESEARCH OBJECTIVE
ASSUMPTIONS
LIMITATIONS
MARKET STRUCTURE
MARKET SEGMENTATION
RESEARCH METHODOLOGY
RESEARCH PROCESS
PRIMARY RESEARCH
SECONDARY RESEARCH
MARKET SIZE ESTIMATION
FORECAST MODEL
MARKET DYNAMICS
DRIVERS & OPPORTUNITIES
CHALLENGES & RESTRAINTS
VALUE CHAIN ANALYSIS
PORTER’S FIVE FORCES ANALYSIS
CONTINUOUS VARIABLE TRANSMISSION MARKET, BY TYPE
INTRODUCTION
HYDROSTATIC
TORODIAL
CONE
VARIABLE GEOMETRY
VARIABLE DIAMETER
CONTINUOUS VARIABLE TRANSMISSION MARKET, BY FUEL….
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United States of America
Website: https://www.marketresearchfuture.com
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