- The key vendors in the global continuously variable transmission systems 2015-2019 are BorgWarner, Jatco, Punch Powertrain, Toyota and ZF Friedrichshafen.
London, 11 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global continuously variable transmission systems 2015-2019. Increased usage of power-split continuously variable transmission (CVT) is one of the key trends upcoming in the market. Power-split CVT systems do not have the belt-and-pulley arrangement, but employ a planetary gear set with a diesel engine and electric motor providing inputs. The global CVT systems market 2015-2019 is expected to grow at a CAGR of 7.39% during 2014-2019.
CVT systems provide the convenience of automatic transmission systems, and the fuel efficiency of a manual transmission systems. As it provides better fuel efficiency and convenience than standard automatic transmission systems, the demand for CVT systems will increase over the forecast period. Also, CVT systems have a low maintenance cost, which will boost its demand in emerging markets like India and China, which are price-sensitive markets.
“The rise in demand for hybrid powertrains required for electric and hybrid vehicles will increase the demand for CVT systems during the forecast period,” says Faisal Ghaus, Vice President of Technavio Research.
“Also, increased customer preference toward eco-friendly products and services, the need to reduce the exploitation of natural resources, especially fossil fuels, also boosts the demand for CVTs.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
