VVT and Start-Stop System Market: Integrated Starter Generator Segment to Rise at 10.5% CAGR During 2020-2025
Pune, Maharashtra, India, August 27 2020 (Wiredrelease) Allied Analytics : The key players analyzed in the VVT and start-stop system market 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.
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.
Increased demand for fuel-efficient vehicles to cut down on greenhouse gas emission, rise in demand for hybrid vehicles, and strict government regulations for emissions are expected to propel the growth of the global VVT and start-stop system market. Based on camshaft type, the dual overhead camshaft (DOHC) is likely to be lucrative through 2025. Based on starter type, the integrated starter generator segment would hold more than half of the market share by 2025.
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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.
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.
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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.
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.
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