About Automotive Hydro-mechanical Variable Transmission System
Transmission represents 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, among others. Different types of transmission systems used in vehicles include manual transmission, HVT, automatic transmission, CVT, and DCT.
Technavio’s analysts forecast the global automotive hydro-mechanical variable transmission system market to grow at a CAGR of 66.95% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive hydro-mechanical variable transmission system market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of automotive hydro-mechanical variable transmission systems.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Hydromechanical Variable Transmission (HVT) System Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive hydromechanical variable transmission (HVT) system market: Kinetics Drive Solutions and Bosch Rexroth.
Commenting on the report, an analyst from Technavio’s team said: “Technological advancements in enhancing HVT systems will be a key trend for this market. HVT manufacturers are aggressively involved in enhancing the technology and making it more reliable and efficient. For instance, Dana Rexroth has pioneered the concept and is enhancing the product through innovations and development of new products.”
According to the report, one driver bolstering growth in this market is the potential use of HVT systems in other applications. HVT systems have been offered in tractors as a standard fit or as an option. Recently HVT has shown considerable demand from other applications, especially heavy-duty off-road vehicles. The growing need to reduce fossil fuel consumption and vehicular emissions has pushed manufacturers to develop advanced, sophisticated, and efficient propulsion systems. This has led to the development of several automatic transmission technologies, such as AMT and CVT, which help to improve drivability, comfort, and productivity.
Further, the report states that one challenge that will negatively impact market growth will be the high cost and design complexity of HVT systems. HVT systems account for approximately 20% of the entire vehicle's cost. OEMs face difficulties in maintaining profitability because the cost of installing such systems remains high. HVT replacement or repair is always associated with high component and labor costs. In addition, the cost of components used to manufacture HVT systems and the design and quality control costs of HVTs are expensive — these factors add to the overall cost of production.
Kinetics Drive Solutions and Bosch Rexroth.
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