The Continuously Variable Transmissions System Market in APAC to grow at a CAGR of 12.42% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the Continuously Variable Transmissions System Market in APAC for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of continuously variable transmissions systems globally. The report also includes a discussion of the key vendors operating in this market.
Market trends like recent powertrain advancements will lead to the growth of this market. The primary function of an automotive powertrain is to provide power to vehicles. The powertrain consists of the engine, transmission, and the drivetrain of an automobile. However, with technological advances, mechanical components have been replaced with electronic components, and the subsequent electrification of vehicles has helped to reduce the weight of the vehicle and ensure higher accuracy in operations.
According to the report, fuel efficiency benefits will also lead to the growth of the market. Fuel economy is one of the key factors that drive automotive OEMs to explore new technologies in every part of the vehicle. A focus on better fuel economy springs from reasons, such as reducing CO2 emissions, lower operating costs, and to reduce fuel consumption. With advances in technology, mechanical components of a powertrain are being replaced with electronic components. This boosts the overall efficiency of the transmission systems. Advances in powertrain technology have led to the development of transmission systems with higher internal pressures and greater instantaneous forces.
Further, the report states that operational issues in CVT technology will pose a significant challenge for this market during the forecast period. Although CVT systems allow the engine to operate at variable speeds, the noises generated are unfamiliar to the driver. Changes in engine speed sound like slipping transmissions, which is normal for a CVT system. The CVT system keeps the engine turning at a constant revolution per minute (RPM) for a wide range of vehicle speeds. Therefore, when the accelerator pedal is activated, the sound emitted by the engine does not change, which is in stark contrast to a conventional automatic or manual transmission gearshift.