About Continuously Variable Transmissions Systems
Transmission is a key function of powertrains in automotive vehicles. A vehicle's transmission is a type of gearbox that directs the power generated from an internal combustion engine to the wheel axle. Typically, an automotive transmission system includes the entire drivetrain, which comprises components such as a gearbox, clutch, prop shaft, drive shafts, and differentials. Currently, different types of transmissions like manual transmission (MT), AT, CVT, and DCT are used in vehicles.
Technavio’s analysts forecast the Continuously Variable Transmissions System Market in APAC to grow at a CAGR of 12.42% during the period 2016-2020.
Covered in this report
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.
Technavio's report, Continuously Variable Transmissions System Market in APAC 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Continuously Variable Transmissions (CVT) System Market in APAC 2016-2020
Technavio recognizes the following companies as the key players in the continuously variable transmissions (CVT) system market in APAC: Aisin AW, Punch Powertrain, IAV, and JATCO.
Other Prominent Vendors in the market are: BorgWarner, Chery Automobile, LuK, and TEAM.
Commenting on the report, an analyst from Technavio’s team said: “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.
Aisin AW, Punch Powertrain, IAV, JATCO, BorgWarner, Chery Automobile, LuK, and TEAM.
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