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The global continuously variable transmission systems market reached a value of US$ 18.6 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A continuously variable transmission (CVT) system refers to an automatic transmission system that changes through an uninterrupted range of different gear ratios. It has a two-pulley mechanism with variable diameters connected on either end of the engine and the wheels by a belt or chain. Also known as stepless transmission, pulley transmission and single-speed transmission, the CVT system effectively replaces gears with two variable-diameter pulleys. As a result, it offers useable power and driving convenience as compared to automatic transmission systems. Moreover, the CVT system is extremely fuel-efficient and provides maximum speed at low engine speed. They are also light-weighted, compact-sized, and consist of fewer moving parts, making them suitable for diverse automotive applications.
Continuously Variable Transmission Systems Market Trends:
The global CVT system market is driven by various advantages, such as a smooth driving experience and quick acceleration for users. It also offers more useable power and consumes less fuel than conventional and manual transmission systems. As a result, the CVT system finds applications in tractors, snowmobiles, motor scooters, go-carts, and mix harvesters. Nowadays, consumers are shifting toward eco-friendly vehicles, which utilize CVT systems. It also consists of enhanced hydraulic systems, microprocessors, high-strength steel metal belts, and high-speed sensors, which help boost the handling capacity of the engine. Furthermore, several manufacturers, like Toyota, are producing hybrid, electric mid-sized hatchback models, which are equipped with power-split CVT technology. It offers a fixed gear ratio and higher torque handling capability, which are expected to escalate the demand for CVT systems.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global continuously variable transmission market, along with forecasts for growth at the global and regional levels from 2021-2026. Our report has categorized the market based on region, type, vehicle type, fuel, capacity, and end user.
Breakup by Vehicle Type:
Amongst these, passenger cars represent the most preferred vehicle type.
Breakup by Type:
On the basis of the type, hydrostatic systems are the most popular type of CVT systems.
Breakup by Fuel:
At present, gasoline accounts for the majority of the global market share.
Breakup by Capacity:
Based on the capacity, the report finds that CVT systems with up to 1.5L capacity hold the biggest market share.
Breakup by End User:
OEM currently exhibits a clear dominance in the market.
Region-wise, Asia Pacific holds the leading position in the market.
The competitive landscape of the market has been analyzed, with some of the leading players being TEAM Industries Inc., Schaeffler AG, Endurance Technologies Limited, NIDEC-SHIMPO, ZF Friedrichshafen AG, STEYR, Toyota Motor Corporation, Gaokin Industry Co. Ltd., General Transmissions, and Fallbrook Intellectual Property Company LLC.
|Base Year of the Analysis||2020|
|Segment Coverage||Vehicle Type, Type, Fuel, Capacity, End-User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||TEAM Industries, Inc., Schaeffler AG, Endurance Technologies Limited, NIDEC-SHIMPO, ZF Friedrichshafen AG, STEYR, Toyota Motor Corporation, Gaokin Industry Co., Ltd, General Transmissions and Fallbrook Intellectual Property Company LLC|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 1999
Five User License: US$ 2999
Corporate License: US$ 3999
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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