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Continuously Variable Transmission Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global continuously variable transmission systems market size reached US$ 21.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.47% during 2023-2028. 

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.

 

 
 

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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 systems market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, vehicle type, fuel, capacity, and end user.

Breakup by Vehicle Type:

 

 
 

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  • Passenger cars
  • Light commercial vehicles
  • Heavy commercial vehicles
  • Others
     

 Amongst these, passenger cars represent the most preferred vehicle type.

Breakup by Type:

  • Hydrostatic
  • Toroidal
  • Cone
  • Variable geometry
  • Variable diameter
  • Others
     

On the basis of the type, hydrostatic systems are the most popular type of CVT systems.

Breakup by Fuel:

  • Gasoline
  • Diesel
  • Hybrid
     

At present, gasoline accounts for majority of the total global market.

Breakup by Capacity:

  • Up to 1.5 L
  • 1.5 L to 3.0 L
  • Above 3.0 L
     

Based on the capacity, the report finds that CVT systems with 1.5 L to 3.0 L capacity hold the biggest market share.

Breakup by End User:

  • OEM
  • Aftermarket
     

OEM currently exhibits a clear dominance in the market.

Regional Insights:

 

 
 

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  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
     

Region-wise, Asia Pacific holds the leading position in the market.

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Continuously Variable Transmission Systems Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Vehicle Type
    5.5    Market Breakup by Type
    5.6    Market Breakup by Fuel 
    5.7    Market Breakup by Capacity 
    5.8    Market Breakup by End-User 
    5.9    Market Breakup by Region 
    5.10    Market Forecast 
6   Market Breakup by Vehicle Type 
    6.1    Passenger Cars 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Light Commercial Vehicles
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Heavy Commercial Vehicles 
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Others 
        6.4.1    Market Trends
        6.4.2    Market Forecast
7   Market Breakup by Type 
    7.1    Hydrostatic 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Toroidal
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Cone
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Variable Geometry 
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Variable Diameter 
        7.5.1    Market Trends
        7.5.2    Market Forecast
    7.6    Others 
        7.6.1    Market Trends
        7.6.2    Market Forecast
8   Market Breakup by Fuel 
    8.1    Gasoline 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Diesel
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Hybrid
        8.3.1    Market Trends
        8.3.2    Market Forecast
9   Market Breakup by Capacity 
    9.1    Upto 1.5 L 
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    1.5 L to 3.0 L
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Above 3.0 L
        9.3.1    Market Trends
        9.3.2    Market Forecast
10  Market Breakup by End-User 
    10.1    OEM 
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Aftermarket
        10.2.1    Market Trends
        10.2.2    Market Forecast
11  Market Breakup by Region 
    11.1    Asia Pacific 
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    North America 
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Europe 
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12  SWOT Analysis 
    12.1    Overview 
    12.2    Strengths
    12.3    Weaknesses 
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis 
14  Porters Five Forces Analysis 

    14.1     Overview 
    14.2     Bargaining Power of Buyers
    14.3     Bargaining Power of Suppliers 
    14.4     Degree of Competition
    14.5     Threat of New Entrants
    14.6     Threat of Substitutes
15  Price Analysis 
16  Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    TEAM Industries, Inc.
        16.3.2    Schaeffler AG 
        16.3.3    Endurance Technologies Limited
        16.3.4    NIDEC-SHIMPO 
        16.3.5    ZF Friedrichshafen AG 
        16.3.6    STEYR 
        16.3.7    Toyota Motor Corporation 
        16.3.8    Gaokin Industry Co.,Ltd 
        16.3.9    General Transmissions 
        16.3.10      Fallbrook Intellectual Property Company LLC 

List of Figures

Figure 1: Global: Continuously Variable Transmission Systems Market: Major Drivers and Challenges
Figure 2: Global: Continuously Variable Transmission Systems Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Continuously Variable Transmission Systems Market: Breakup by Vehicle Type (in %), 2022
Figure 4: Global: Continuously Variable Transmission Systems Market: Breakup by Type (in %), 2022
Figure 5: Global: Continuously Variable Transmission Systems Market: Breakup by Fuel (in %), 2022
Figure 6: Global: Continuously Variable Transmission Systems Market: Breakup by Capacity (in %), 2022
Figure 7: Global: Continuously Variable Transmission Systems Market: Breakup by End-User (in %), 2022
Figure 8: Global: Continuously Variable Transmission Systems Market: Breakup by Region (in %), 2022
Figure 9: Global: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Continuously Variable Transmission Systems Industry: SWOT Analysis
Figure 11: Global: Continuously Variable Transmission Systems Industry: Value Chain Analysis
Figure 12: Global: Continuously Variable Transmission Systems Industry: Porter’s Five Forces Analysis
Figure 13: Global: Continuously Variable Transmission Systems (Passenger Cars) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Continuously Variable Transmission Systems (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Continuously Variable Transmission Systems (Light Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Continuously Variable Transmission Systems (Light Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Continuously Variable Transmission Systems (Heavy Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Continuously Variable Transmission Systems (Heavy Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Continuously Variable Transmission Systems (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Continuously Variable Transmission Systems (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Continuously Variable Transmission Systems (Hydrostatic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Continuously Variable Transmission Systems (Hydrostatic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Continuously Variable Transmission Systems (Toroidal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Continuously Variable Transmission Systems (Toroidal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Continuously Variable Transmission Systems (Cone) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Continuously Variable Transmission Systems (Cone) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Continuously Variable Transmission Systems (Variable Geometry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Continuously Variable Transmission Systems (Variable Geometry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Continuously Variable Transmission Systems (Variable Diameter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Continuously Variable Transmission Systems (Variable Diameter) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Continuously Variable Transmission Systems (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Continuously Variable Transmission Systems (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Continuously Variable Transmission Systems (Gasoline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Continuously Variable Transmission Systems (Gasoline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Continuously Variable Transmission Systems (Diesel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Continuously Variable Transmission Systems (Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Continuously Variable Transmission Systems (Hybrid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Continuously Variable Transmission Systems (Hybrid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Continuously Variable Transmission Systems (Upto 1.5 L) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Continuously Variable Transmission Systems (Upto 1.5 L) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Continuously Variable Transmission Systems (1.5 L to 3.0 L) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Continuously Variable Transmission Systems (1.5 L to 3.0 L) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Continuously Variable Transmission Systems (Above 3.0 L) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Continuously Variable Transmission Systems (Above 3.0 L) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Continuously Variable Transmission Systems (OEM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Continuously Variable Transmission Systems (OEM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Continuously Variable Transmission Systems (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Continuously Variable Transmission Systems (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Asia Pacific: Continuously Variable Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Asia Pacific: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: North America: Continuously Variable Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: North America: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Continuously Variable Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Middle East and Africa: Continuously Variable Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Middle East and Africa: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Latin America: Continuously Variable Transmission Systems Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Latin America: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Million US$), 2023-2028

List of Tables

Table 1: Global: Continuously Variable Transmission Systems Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 3: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by Fuel (in Million US$), 2023-2028
Table 5: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by Capacity (in Million US$), 2023-2028
Table 6: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 7: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Continuously Variable Transmission Systems Market Structure
Table 9: Global: Continuously Variable Transmission Systems Market: Key Players


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Key Questions Answered in This Report

The global continuously variable transmission systems market was valued at US$ 21.0 Billion in 2022.

We expect the global continuously variable transmission systems market to exhibit a CAGR of 5.47%
during 2023-2028.

The rising usage of continuously variable transmission systems in various automotive applications, owing
to their fuel-efficiency, lightness in weight, and maximum speed at low engine speeds, is primarily
driving the global continuously variable transmission systems market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary closure of various manufacturing units for
continuously variable transmission systems.

Based on the vehicle type, the global continuously variable transmission systems market can be
segmented into passenger cars, light commercial vehicles, heavy commercial vehicles, and others.
Currently, passenger cars hold the majority of the total market share.

Based on the type, the global continuously variable transmission systems market has been divided into
hydrostatic, toroidal, cone, variable geometry, variable diameter, and others. Among these, hydrostatic
systems exhibit a clear dominance in the market.

Based on the fuel, the global continuously variable transmission systems market can be categorized into
gasoline, diesel, and hybrid. Currently, gasoline accounts for the majority of the global market share.

Based on the capacity, the global continuously variable transmission systems market has been
segregated into up to 1.5 L, 1.5 L to 3.0 L, and above 3.0 L. Among these, 1.5 L to 3.0 L capacity holds
largest market share.

Based on the end user, the global continuously variable transmission systems market can be bifurcated
into OEM and aftermarket. Currently, OEM exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global continuously variable transmission systems market include
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.

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