DUBLIN, Dec. 1, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/b6lmsz/global) has announced the addition of the "Global Continuously Variable Transmission Systems 2015-2019" report to their offering.
The global continuously variable transmission system market to grow at a CAGR of 7.39% over the period 2014-2019.
CVT is a form of automatic transmission that helps change gears perfectly through an infinite number of effective gear ratios. CVT replaces the planetary gear set of a standard automatic transmission with two variable-diameter pulleys, each shaped like a pair of opposing cones, with a metal belt or chain running between them. CVT systems provide more power, better fuel economy, and a convenient driving experience compared to traditional automatic transmission systems.
This report covers the present scenario and the growth prospects of global continuously variable transmission system market for the period 2015-2019. The market size has been calculated based on the unit production of CVT for light vehicles globally. The report presents five key vendors and a detailed analysis of these vendors. We have geographically segmented the market into APAC, EMEA, and the Americas. We also discuss market growth drivers, the challenges faced by vendors and the industry as a whole, as well as key trends emerging in the market.
According to the report, the demand for electric vehicles (EV) and hybrid vehicles has been high in the automotive industry during the past few years. Some of the factors contributing to this increase are growing environmental concerns, need to reduce CO² emissions, and increased efforts to make vehicles more fuel efficient. Additionally, this segment is expected to grow at significantly as newer models are likely to be launched during the forecast period owing to increased demand for hybrid and electric vehicles.
For instance, Nissan and Toyota have a range of hybrid vehicles in the market, which include a broad range of CVT offerings. We envisage the demand for CVT to complement the growth in the global hybrid vehicles market during the forecast period.
Further, the report states that some operational issues have cropped up in CVT systems, which have led to its reduced adoption among end-users. This has had a negative impact on its market share as well.
- Punch Powertrain
- Toyota Motors
Other prominent vendors
- Aisin Seiki
- Efficient Drivetrains
- Folsom Technologies International
- Hunan Jianglu & Rongda
- Hyundai Motor
- Kohler Engines
- Oerliokon Grazino
For more information visit http://www.researchandmarkets.com/research/b6lmsz/global
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets