Automotive Variable Cam Timing System Market

1. Presents a Research Report on Automotive Variable Cam Timing (VCT) System Market Automotive Variable Cam Timing (VCT) System Market by Powertrain Type (ICE and Hybrid Engine), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Product Type (Hydraulic VCT System and Electric VCT System), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. Automotive Variable Cam Timing (VCT) System Market Growth and Forecast Highlights & Drivers • The market for VCT systems in the automotive industry is projected to grow at a higher rate than the overall automotive industry growth rate over the next five years to reach US$ 3,419.2 million in 2024. • Organic growth in automobile production coupled with increasing penetration of VCT systems, stringent emission standards regarding by the governments of various countries, and a growing interest towards the development of more efficient engines are some major factors that are fueling the growth automotive VCT system market. • VCT System plays an important function of valve opening as it efficiently maintains the timing of the valve’s opening and closing. It cannot vary the valve lift, unlike cam changing VVT; however, VCT is the simplest and cheapest form of VVT because each camshaft needs only one VCT system, unlike other systems that employ an individual mechanism for every cylinder. • The penetration of VCT systems in gasoline engines has incessantly been increasing because of their several benefits. This corresponds to the generation of healthy growth opportunities for the market participants situated across the value chain. • Asia-Pacific is projected to remain the largest automotive VCT system market during the forecast period in terms of both value and units. The region is also likely to exhibit the highest growth over the next five years. China, Japan, and India are the growth engines for the region’s market.

3. Market Insights • By Powertrain Type • ICE is expected to remain the growth engine of the automotive VCT system market during the forecast period. • Large production units of ICE vehicles primarily drive the demand for VCT system in the ICE segment. Hybrid engine is likely to witness the highest growth over the next five years, driven by increasing demand for hybrid engines. • By Vehicle Type • Passenger car is expected to remain the larger segment of the market over the next five years. • The vehicle type is also likely to witness higher growth during the same period, driven by a greater adoption rate of VCT systems. • By Product Type • Hydraulic VCT System is expected to remain the dominant product type in the market during the forecast period. • Electric VCT System is likely to exhibit higher growth during the same period. • Electric VCT system exhibits better phasing performance as compared to conventional hydraulic VCT system.

4. Market Insights • By Region • Asia-Pacific is projected to remain the largest automotive VCT system market during the forecast period in terms of both value and units. • The region is also likely to exhibit the highest growth over the next five years. China, Japan, and India are the growth engines for the region’s market. • Europe is also likely to exhibit a sizeable demand for automotive VCT Systems during the forecast period.

5. Competitive Insights • Development of high-performance VCT systems and the formation of strategic alliances with OEMs or engine manufacturers, are the key strategies adopted by the key players to gain a competitive edge in the market. • Key Companies Analysed • BorgWarner Inc. • Schaeffler AG • Magna International Inc. • Denso Corporation • Delphi Technologies • Hilite International Inc. • Hitachi Ltd. • Zhejiang Auto Parts Co., Ltd.

6. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

7. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

8. Market Segmentation • By Vehicle Type • Passenger Car • Commercial Vehicles • By Powertrain Type • Internal Combustion Engine • Hybrid Engine • By Product Type • Hydraulic VCT System • Electric VCT System • By Region • North America (Country Analysis: The USA Canada and Mexico) • Europe (Country Analysis: France, Germany, The UK, Italy Russia and Rest of Europe) • Asia-Pacific (Country Analysis: China, Japan, South Korea, India and Rest of Asia-Pacific) • Rest of the World (Country Analysis: Brazil, Argentina, and Rest of the World)

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