AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Continuously Variable Transmission Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 - ResearchAndMarkets.com

May 2, 2019

DUBLIN--(BUSINESS WIRE)--May 2, 2019--The “Continuously Variable Transmission Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The global continuously variable transmission systems market is currently growing at a CAGR of 6%. A continuously variable transmission is a type of automatic transmission that seamlessly changes through a continuous range of different gear ratios. It is also known as stepless transmission, pulley transmission, single-speed transmission, and in case of motorcycles, a twist and go transmission. A CVT system replaces the gears with two variable-diameter pulleys, shaped like a pair of opposing cones along with a metal belt or chain running between them. It offers more useable power and driving convenience as compared to traditional automatic transmission systems. Moreover, it provides maximum speed at low engine speed and, therefore, is extremely fuel-efficient. Since CVT systems are low-weight, compact in size and have fewer moving parts, they are gaining popularity amongst automotive manufacturers worldwide.

Global Continuously Variable Transmission Systems Market Drivers:

The various advantages offered by CVT systems have led to an increase in their sales. For instance, these systems provide quicker acceleration than conventional automatic or manual transmission systems and help in changing the engine speed to access maximum power.

The rising demand for eco-friendly vehicles across the globe has created a positive outlook for the CVT systems market. These systems are not only fuel efficient but also represent a competent transmission option which produces lower emissions.

CVT systems are relatively durable and require lower maintenance than their counterparts. They have enhanced hydraulic systems, microprocessors, high-strength steel metal belts and high-speed sensors that boost the engine’s handling capacity.

Several manufacturers like Toyota are producing hybrid, electric mid-sized hatchback models which are equipped with power-split CVT technology. These systems offer several advantages, like fixed gear ratio and higher torque handling capability, which are expected to boost their demand.

Key Questions Answered in This Report:

  • How has the global continuously variable transmission systems market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global continuously variable transmission systems industry?
  • What is the breakup of the global continuously variable transmission systems market on the basis of vehicle type?
  • What is the breakup of the global continuously variable transmission systems market on the basis of type?
  • What is the breakup of the global continuously variable transmission systems market on the basis of fuel?
  • What is the breakup of the global continuously variable transmission systems market on the basis of capacity?
  • What is the breakup of the global continuously variable transmission systems market on the basis of end-user?
  • What are the various stages in the value chain of the global continuously variable transmission systems market?
  • What are the key driving factors and challenges in the global continuously variable transmission systems market?
  • What is the structure of the global continuously variable transmission systems market and who are the key players?
  • What is the degree of competition in the global continuously variable transmission systems market?

Companies Mentioned

  • TEAM Industries Inc.
  • Schaeffler AG
  • Endurance Technologies Limited
  • NIDEC-SHIMPO
  • ZF Friedrichshafen AG
  • STEYR
  • Toyota Motor Corporation
  • Gaokin Industry Co.,Ltd
  • General Transmissions
  • Fallbrook Intellectual Property Company LLC

For more information about this report visit https://www.researchandmarkets.com/r/yvag9x

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190502005775/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T. Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Automotive Drivetrain and Transmission Components

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 05/02/2019 02:15 PM/DISC: 05/02/2019 02:15 PM

http://www.businesswire.com/news/home/20190502005775/en