TechNavio recognizes the following companies as the key players in the Global Continuously Variable Transmission market: BorgWarner Inc., Fuji Heavy Industries Ltd., JATCO Ltd., and ZF Friedrichshafen AG.
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Global Continuously Variable Transmission market is the increasing demand for electric vehicles. The Continuously Variable Transmission for electric vehicles is used for extending the lives of the cars’ expensive and heavy batteries.”
According to the report, one of the main factors driving the market is the development of lightweight automotive materials. Automobile and auto component manufacturers continually work on reducing the total weight of vehicles. To this end, they continually experiment with various lightweight automotive materials that can be used to manufacture vehicles or vehicle components.
Further, the report states that one of the main challenges is the high cost of alternative fuel vehicles. Hybrid vehicles, electric vehicles, and fuel cell vehicles cost more than oil-driven vehicles, which makes them unaffordable for a majority of consumers. The high cost of these vehicles curtails the adoption of alternative fuel powertrains, which in turn has a negative effect on the Global CVT market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are IAV Automotive Engineering Inc., LuK GmbH and Co. KG, and Ricardo plc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-continuously-variable-transmissio…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Continuously Variable Transmission Market 2012-2016
