Automotive VVT System Market (By Fuel Type: Diesel and Gasoline; By Methods: Cam Changing, Cam Phasing, Variable Valve, and Cam Phasing & Changing; By System: Continuous and Discrete, By Number of Valves, By Valve Train, By Technology, By Vehicle Type, By Actuation Type, By End-use) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2023 - 2032


The global automotive VVT system market size was valued at USD 63.77 billion in 2022 and expected to reach USD 102.39 billion by 2032, with a compound annual growth rate (CAGR) of 4.9% during the forecast period 2023 to 2032.

Automotive VVT System Market Size 2023 to 2032

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Key Takeaways

  • Asia Pacific led the market with the biggest market share in 2022.
  • By Valve Train, the Double Overhead Cam(DOHC) segment has held the largest market share in 2022.
  • By Vehicle Type, the Passenger vehicle segment generated over 65% of revenue share in 2022.

Automotive VVT System Market in the Asia Pacific 2023 To 2032

The Asia Pacific automotive VVT system market size was valued at USD 25.51 billion in 2022 and is expected to reach USD 41.35 billion by 2032, poised to grow at a CAGR of 5% from 2023 to 2032.

Asia Pacific Automotive VVT System Market Size 2023 to 2032

In 2022, the Asia Pacific held a considerable market value share and expected to exhibit substantial growth over the forecast period. Rapid growth in sale of passenger vehicles is one of the prime factors that boost the market growth. Furthermore, rising price of gasoline and petrol evoke demand for fuel-efficient engine, thereby propelling the growth of VVT systems. Besides this, government encouragement to consumers for adopting battery-powered vehicles to curb the environment degradation analyzed to hamper the growth of VVT systems in the region.

On the other hand, Europe and North America are the other major regions for the automotive VVT system market as they encounter significant sale of passenger as well as commercial vehicles in the region. Moreover, the regions have adopted several measures to cut down the fuel consumption, thereby improving the fuel efficiency of the vehicle.

Automotive VVT System Market Share, By Region, 2020 (%)

Growth Factors

Emission from an automobile contributes for nearly 28% of the total greenhouse gases produced including methane and carbon dioxide. This hampers the environment, thereby affecting the health of human beings. Regulatory bodies are enacting stringent rules for the emission of harmful gases from vehicle to curb such situation. The automotive Variable Valve Timing (VVT) system helps in changing the timing of the valve as per the Internal Combustion (IC) engine cycle. This reduces the overall carbon emission from a vehicle. This sequentially, anticipated to boost the market growth for automotive VVT system. An automotive VVT system also improves the engine life by maintaining proper cycle of the engine. Furthermore, rising sale of passenger cars along with increasing purchasing power of consumers is likely to fuel the market growth.

Automotive VVT System Market Scope

Report Highlights Details
Market Size by 2032 USD 102.39 Billion
Growth Rate from 2023 to 2032 CAGR of 4.9%
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Fuel Type, Methods, System, Number of Valves, Valve Train, Technology, Vehicle Type, Actuation Type, End-use, Regional Outlook
Companies Mentioned Mikuni American Corporation, Johnson Controls, Inc., Camcraft, Inc., Aisin Seiki Co. Ltd., BorgWarner Inc., Eaton Corporation, Federal-Mogul LLC, Mitsubishi Electric Corporation, Hitachi Automotive Systems, DENSO Corporation, Robert Bosch GmbH

 

Valve Train Insights

Double Over Head Cam valve train design enables broader angle among exhaust valve and intake valve compared to Over Head Valve (OHV) and Single Over Head Cam (SOHC). In consequence to this, DOHC valve train design holds the maximum share in the automotive VVT system market and anticipated to grow at a significant rate over the analysis period. DOHC consists of two cam shafts located overhead for operating different intake and exhaust valves. The DOHC has double inlet and exhaust valves compared to SOHC that makes the engine cooler. This helps the engine to make less noise, run smoothly, and provide superior performance. Increasing demand for high fuel efficiency, on-going research & development in engine management systems, constant rise in sales of vehicles, and rise in demand for high power engines are further predicted to flourish the demand for DOHC in the global automotive variable valve timing (VVT) market during the analysis period.

Vehicle Type Insights

Based on vehicle type, the global automotive VVT system market is bifurcated into passenger vehicles, electric vehicles, and commercial vehicle. Passenger vehicle expected to dominate the global automotive VVT market and accounted to more than 65% value share. The continuous rise in demand for passenger vehicles along with their upgradation has prompted the international automobile manufacturers to extend their production capacities.

Automotive VVT System Market Share, By Vehicle, 2020 (%)

As specified by the International Organization of Motor Vehicle Manufacturers (OICA), in 2018, the overall production of passenger cars surpassed 70 Million units. Rising per capita income, increase in purchasing power of consumers, rising demand for comfort in travelling, and growth in economy of developing countries are some of the prominent factors that drives the market growth of passenger vehicles.

Key Companies & Market Share Insights

The global automotive VVT system market has few major players operating in the market due to expensive and complicated manufacturing process of VVT systems. Major market players are strategically adopting merger & acquisition strategy of regional players to extend their portfolio in the fabrication of different components of VVT system to develop their business. In addition, they also emphasize on R&D to improve their efficiency and functionality of the VVT systems.

Some of the prominent players in the automotive VVT system market include:

  • Mikuni American Corporation
  • Johnson Controls, Inc.
  • Federal-Mogul LLC
  • Camcraft, Inc.
  • Aisin Seiki Co. Ltd.
  • BorgWarner Inc.
  • Eaton Corporation
  • Mitsubishi Electric Corporation
  • DENSO Corporation
  • Robert Bosch GmbH
  • Schaeffler AG
  • Toyota Motor Corporation
  • Honda Motor Co., Ltd.

Segments Covered in the Report

This research study comprises comprehensive assessment of the marketplace revenue with the help of prevalent quantitative and qualitative acumens, and forecasts of the market. This report presents breakdown of market into major and niche segments. Furthermore, this research study gauges market revenue growth and its drift at global, regional, and country from 2023 to 2032. This report includes market division and its revenue assessment by categorizing it depending on fuel type, methods, system, number of valves, valve train, technology, vehicle type, actuation type, end-use, and region:

By Fuel Type

  • Diesel
  • Gasoline

By Methods

  • Cam Changing
  • Cam Phasing
  • Variable Valve
  • Cam Phasing & Changing

By System

  • Continuous
  • Discrete

By Number of Valves

  • More than 24
  • Between 17 to 23
  • 16
  • Less Than 12

By Valve Train

  • Over Head Valve(OHV)
  • Double Overhead Cam(DOHC)
  • Single Overhead Cam (SOHC)

By Technology

  • Dual VVT-I
  • VVT-I
  • VVT-iW
  • VVT-iE

By Vehicle Type

  • Passenger Vehicles
  • Electrical Vehicles
  • Commercial Vehicles

By Actuation Type

  • Type V
  • Type IV
  • Type III
  • Type II
  • Type I

By End-use

  • Aftermarket
  • OEMs

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Frequently Asked Questions

Why automotive variable valve timing (VVT) system?
An automotive Variable Valve Timing (VVT) system helps in prolonged engine life as it improves the fuel economy, performance, and emission. The VVT system enriches engine process, enhances combustion, improves engine power, reduces emission, and also reduces fuel consumption.
What was the market size of automotive VVT system in 2022?
In 2019, the global automotive VVT system market size was valued at USD 63.77 billion.
What will be the market value of automotive VVT system?
As Per Precedence Research, the global automotive VVT system market value is expected to reach USD 102.39 billion by 2032.
How much is the CAGR of automotive VVT system market?
The global automotive VVT system market is growing with a CAGR of 4.9% during the forecast period 2023 to 2032.
Which key players are operating in the automotive VVT system market?
Some of the key players operating in the automotive VVT system market are Mikuni American Corporation, Johnson Controls, Inc., Camcraft, Inc., Aisin Seiki Co. Ltd., BorgWarner Inc., Eaton Corporation, Federal-Mogul LLC, Mitsubishi Electric Corporation, Hitachi Automotive Systems, DENSO Corporation, Robert Bosch GmbH, Honda Motor Co., Ltd., Schaeffler AG, and Toyota Motor Corporation among others.
Which region held substantial revenue share in the global automotive VVT system market?
In 2019, the Asia Pacific held substantial revenue share in the global automotive VVT system market and predicted to grow at a considerable rate over the forecast period.
Why Europe and North America are the significant revenue contributors to the global automotive VVT system market?
Europe and North America are the other significant revenue contributors to the global automotive VVT system market. Increasing demand for advanced passenger vehicles with necessary changes related to safety and fuel economy is the major factors responsible for the significant growth of the regions.
How much is the market value of passenger vehicle in automotive VVT market?
By vehicle type, passenger vehicle expected to dominate the global automotive VVT market and accounted to more than 65% value share.

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