Portland, April 10, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global VVT and start-stop market garnered $25.33 billion in 2017 and is expected to reach $52.06 billion by 2025, growing at a CAGR of 9.2% during the forecast period.
The global VVT and start-stop market are propelled by factors such as the surge in demand for fuel-efficient vehicles, strict government regulations pertaining to emissions, and increased demand for hybrid vehicles. Moreover, the production of start-stop system for bikes and growth of government initiatives to reduce emission in emerging economies are bound to bring many opportunities for new market players in the coming years. However, the high cost of such systems, as well as wear of engine due to excessive start-stop cycles, impede the market growth.
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Among camshaft types, the dual overhead camshaft (DOHC) is likely to be the largest and fastest growing segment on account of its advantageous features, such as enhanced performance, increased power & efficiency, and improved durability over the single overhead camshaft (SOHC).
Among starter types, the integrated starter generator segment generated the highest revenue in 2017 and is projected to occupy over half of the market share by 2025. The segment is also poised to grow at the fastest CAGR of 10.5%, owing to its high fuel efficiency, low emission, and high-power generating capacity.
Among fuel types, the gasoline segment is expected to be dominant throughout the study period because of its low carbon emission and greater fuel economy. However, the electric segment would grow at the fastest CAGR of 11.2% from 2018 to 2025.
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Asia-Pacific is likely to grow at the fastest CAGR of 13.9% due to strict government regulations to mitigate greenhouse gas emissions and increased demand for fuel-efficient vehicles. On the other hand, Europe held half of the market share in 2017 due to the rise in demand for hybrid vehicles to reduce the consumption of fuel.
The key players analyzed in the report include Continental AG, Mitsubishi Electric Corporation, Robert Bosch Gmbh, Delphi Automotive PLC, Denso Corporation, Borgwarner Inc., Valeo S.A., Johnson Controls, Inc, Hitachi Ltd., and Aisin Seiki Co. Ltd. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.