London, 21 July 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Variable Cam Timing Market, which is expected to grow at a CAGR of 13.26 percent from 2013-2018.
A variable cam is a technology with integrated electronic and mechanical systems, which allows a vehicle engine to have multiple camshafts. The variable cam plays an important role in improving the performance of the engine by improving the engine’s flexibility under diverse conditions, leading to better fuel efficiency and engine performance.
Key Market Drivers
- Improved Electronic Monitoring
- Improved Performance
- Growing Focus on Fuel Efficiency
- Focus on Reduced Emissions
Key Market Trends
- Focus on Reducing Global Oil Consumption
- High Growth in the APAC Region
- Increase in Government Initiatives
- Focus on R&D
“Governments worldwide are playing a very important role in the growth of the Global Low-Emission Vehicle Market. US government agencies, such as the US Environmental Protection Agency, are providing incentives to automobile manufacturers to develop low-emission vehicles, which, in turn is increasing demand for variable cam engines”, says Faisal Ghaus, Vice President of TechNavio.
To define the market circumstances 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%…
