Global variable valve timing (VVT) and a start stop system is a fuel supply arrangement developed to increase the vehicle’s fuel consumption efficiency and enrich its operation. As per the current status of motion and speed of the vehicle, the VVT system alters the standard time for which intake and exhaust manifold valves of the engine remain open. This operation helps the automobiles to achieve better operational mileage.
In the past few years, automotive vehicle manufacturers have emphasized developing hybrid vehicles to achieve better mileage. The positive approach of the vehicle manufacturers towards auto start-stop technology and VVT integration in their engines is bolstering the sales of VVT technologies.
The global VVT & start-stop system market is expected to register a market share of USD 51.9 billion in the year 2019 at a compound annual growth rate (CAGR) of 5.1% in the forecast period.
Several governments worldwide have imposed stringent emission regulations on the currently manufactured vehicles to curb the population and reduce AQI concentration in the environment. The manufacturers are looking to make fundamental changes in their engines and intake and exhaust manifolds to cope with the current norms and regulations. VVT & start-stop system effectively addresses these issues and provides lesser emission without compromising the operational efficiency of the vehicles.
For instance, in India, after the implementation of BS-6 norms, vehicle manufacturers targeting Indian audiences are required to manufacture vehicles compliant with non-methane hydrocarbons (NMHC) emission limits and strict reduction in nitrogen oxides (NOx) emissions. The manufacturers are using VVT technologies to meet these standards.
The implementation of the VVT & start-stop system has provided multiple benefits for vehicle users globally. The substantial advantages delivered by the systems include improved prolonged effective engine operation and lesser vehicle maintenance cost. For instance, Toyota, one of the leading automotive manufacturers, has developed a new and effective VVT & start-stop system to enhance its engine operation by reducing emission standards.
The use of VVT & start-stop system provided better torque and vehicle output. According to the test results, the installation of VVT technology helped achieve 6% fuel efficiency and 10% increment in low and medium torque of the engine.
The effective operation of the automotive vehicle under intense load and uneven driving terrain can be obtained by VVT technology. After implementing the VVT in the vehicle engine, intake inertia increased and was utilized completely to enhance the torque and engine output of the vehicle. The substantial reduction in the NOX standards also helps control emissions from the exhaust manifold, increasing the practical application benefits of the VVT technology.
The variable valve timing has managed optimization of the operations by leveraging on making changes in intake valve closing timings as per the speed ranges, retardation of intake valve when the engine is operating at a higher speed. This optimization has helped them to elevate actual output by almost 10%. The possibility of achieving swifter and smoother engine run by altering intake and outlet valve timings are expected to promote the rapid development of VVT & start-stop system market across the globe.
The pandemic led to a complete disruption in the supply chain operations and hindered operations of the automotive industry value chain. The substantial decrement in the manufacturing operations created a pessimistic approach for the VVT & start-stop system market. Furthermore, the volatility in the market and reduced cash liquidity curbed the spending on the new vehicle purchase within the sections of the society. This scenario hampered the automotive manufacturers’ revenue generation, forcing them to restrain investment in R&D activities, limiting the market growth.
Many manufacturers also made strategic exits from different manufacturing facilities, which resulted in lesser revenue returns than the expected overall operational cost, creating manufacturing capacity imbalance across the regions. The negative impact on the import-export trades has also forced the automotive markets to plunge record low statistics. These negative factors are expected to account for great distress and negative growth of the market.
Based on solutions, the global VVT & start-stop system market is divided into passenger cars and commercial vehicles. The passenger car segment is projected to account for a commendable share in the market. The substantial sales of passenger cars and the keen interest of the buyers in the vehicle mileage are anticipated to bolster significant sales prospects for the segment.
Based on phaser type, the electric segment is projected to hold the lion’s share in the global VVT & start-stop system market. The increasing integration of electrically driven parts in automotive vehicles and increasing spending on R&D activities are expected to provide a prominent share for the electric segment. Additionally, simple build structure and easy integration with the existing vehicles are estimated to boost the global VVT & start-stop system market.
With the milestone developments made towards unfolding possibilities of VVT & start-stop system, North America is set to dominate the market. The U.S. is one of the pioneers in the adoption of advanced and powerful automotive technologies. The established business of vehicle manufacturing in states like Michigan, Ohio, and Indiana in the U.S. can provide prominent opportunities for market development. The strong presence of global market players in the region is expected to help the region hold a significant market share.
Many VVT technology providers operating across the U.S. region provide cost-effective VVT solutions, increasing its adoption in a wide range of automotive vehicles. Additionally, an increasing trend towards electromobility solutions is anticipated to drive market growth.
Asia-Pacific is projected to emerge as the most lucrative market spearheaded by the countries like China and India. Development of the automotive sales in the countries such as India, Indonesia, and China can provide a significant upsurge for the market in the APAC. India is currently attracting multiple automobile manufacturers from across the globe.
This scenario has created a favorable atmosphere for the development of the betting business in the region. Thus, the manufacturing cluster development is expected to promote VVT & start-stop system applications in the APAC market. Furthermore, many market players are looking to solidify their presence across the region as the increasing competition in the market is expected to pave the way for developing innovative solutions.
The market for VVT & start-stop system is identified as a decently fragmented market. The increasing number of new entrants in the sector is expected to capitalize on the optimistic growth scenario to elevate the market fragmentation element.
According to Straits Research analysis, the major key players in the global VVT & start-stop system market are Denso Corporation, Hitachi Ltd., Robert Bosch GmbH, Aisin Seiki Co. Ltd., Valeo, Continental AG, Johnson Controls International Plc, Aptiv PLC (Delphi Automotive PLC), Mitsubishi Electric Corporation, BorgWarner Inc., Schaeffler Technologies AG & Co. KG, Hilite International, and Tenneco Inc., among others.