DUBLIN, Dec 9, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Variable Valve Timing System Market in Marine Engines 2016-2020" report to their offering.
The report forecasts the global variable valve timing system market in marine engines to grow at a CAGR of 17.55% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global variable valve timing system market in marine engines for 2016-2020. To calculate the market size, the report discusses the major drivers that influence the growth of the global market.
One of latest trends in the market is rise in number of VVT-equipped mid-output power marine engines. USEPA and CARB emission standards followed by the US mandates marine engine OEMs to use technologies like VVT systems and direct injection in their engines to control emissions. The cost of adding direct injection and VVT systems to high-power output engines justifies prices of high-power output engines. VVT systems have a penetration of 14% in the mid-power output marine engines segment of the US as it is not feasible for OEMs to add the transmission system in the mid power range. This will increase the operating cost of the engine in a market that already has a preference for high-power output engines. High-power output marine engines have a VVT systems penetration of 86% in the US.
According to the report, one of the primary drivers in the market is growth of boating industry. Sales of powerboats in the US has increased about 80% in 2014. Wakeboard/ski boats, personal watercraft, aluminum fishing boats, pontoon boats, and fiberglass runabouts consisted the majority of the powerboat sales in the US. One of the main drivers for the same is the increase in the number of boat shows in the US and the rise in the number of American participants for the same. About 90 million American participants registered for water sports and events in the US in 2013. The boating industry in the US has been positively affected by the recovery of the US economy, stronger job market, and decrease in fuel prices.
- Hitachi Automotive Systems
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by engine power output
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/wx6rpr/global_variable
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SOURCE Research and Markets