Global Continuous Variable Transmission Market Information by Type (Hydrostatic, Torodial, Cone, Variable Geometry, and Variable Diameter), by Fuel (Gasoline, Diesel, and Hybrid) by Region – Forecast to 2022
BorgWarner, Jatco, Punch Powertrain, Toyota Motors, ZF Friedrichshafen AG, Aisin Seiki, Efficient Drivetrains, Folsom Technologies International, Hunan Jianglu & Rongda, and Hyundai Motor., and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Continuous variable transmission market.
Continuous Variable Transmission Global Market – Overview
Continuous variable transmission is a type of automatic transmission system that allows to change the gear ratio continuously. The other form of transmission system offers fixed gear ration which makes them lesser efficient then continues variable transmission. The continuously variable transmission do not have a specific number of fixed gear ratios, but provides an infinite number of gear ratio. They allow greatest efficiency when the vehicle is in Stop and Go condition. The CVT doesn’t not make the use of gear, instead uses two pulleys that are connected to a belt or a chain. One end of the chain is connected to the engine and other end is connected to the wheels when the power is delivered. When the car gathers gets the power and accelerates, the pulley continuously vary their diameter to provide smooth ride without any traction. There are different types of continuous variable transmission used in the vehicle that includes hydrostatic, torodial, cone, variable geometry, and variable diameter. According to a recent study report published by the Market Research Future, The global market of Continuous variable transmission is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).
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The automatic transmission has various benefits associated with it depending on the use. The automatic transmission helps to reduce the fuel consumption and CO2 emission. The Federal Motor Vehicle Safety Standard states that the engine starter should be not in the operation when the gear is in the forward or reverse drive position. This will prevent from an unexpected motion of the vehicle reducing accidents. The continuous variable transmission increases the fuel economy because it allows the vehicle to operate smoothly consuming lesser fuels. The continuous variable transmission allows the internal combustion vehicles to meet the fuel regulations while development of electric and fuel cell vehicles. The advancement in automotive industry have led the automotive manufacturers to innovate their products in order to sustain the market. This innovation in technology have led to the growth of the market during the forecast period. The increase concern for the comfort among the passenger have led to growing use of continuous variable transmission in the vehicles.
The CVT can increase the overall efficiency of driveline by operating the Internal Combustion Engine (ICE) at its Optimal Operation Line (OOL). The overall efficiency will provide smooth shifting of gears without the help of clutch which prevents the interruption of torque while driving the vehicle.
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global continuous variable transmission market are that of new product development.
In 2017, ZF Transmission technology has specialized in offering all technologies from synchromesh to continuously variable in the field of tractor transaxles. The new ZF modular transaxle supports the vehicle manufacturers in the development of tractors.
In Oct 2017, Aisin Group has strengthen its production system for automatic transmissions, mainly in China and Japan.
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Continuous Variable Transmission Market – Segmentation
The global continuous variable transmission market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises Hydrostatic, Torodial, Cone, Variable Geometry, and Variable Diameter.
Segmentation by Fuel : Comprises Gasoline, Diesel, and Hybrid.
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Continuous variable transmission Market: Regional Analysis
Asia Pacific is expected to dominate the continuous variable transmission market due to the increase in the production of passenger and commercial vehicles in emerging nation such as India, China, and Japan. In North America, there is stringent government regulation of emission and for increasing the fuel efficiency. Manufacturers in North America are developing transmission system to comply the emission norms. The increase in the development of standard transmission system is expected to drive the continuous variable transmission system.
In Europe, the vehicle manufacturer are taking initiative to develop new technologies such as automated manual transmission (AMT), continuous variable transmission (CVT), and others. This initiative will result in increased use of continuous variable transmission in the vehicles. The increased use of continuous variable transmission will drive the growth of the market in future.
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