Market Research Report
Variable Valve Timing (VVT) Systems in Marine Engines
|Variable Valve Timing (VVT) Systems in Marine Engines|
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 160 Pages
Delivery time: 1-2 business days
Global Variable Valve Timing (VVT) Systems in Marine Engines Market to Reach 271.3 Thousand Units by 2027
Amid the COVID-19 crisis, the global market for Variable Valve Timing (VVT) Systems in Marine Engines estimated at 90.9 Thousand Units in the year 2020, is projected to reach a revised size of 271.3 Thousand Units by 2027, growing at aCAGR of 16.9% over the period 2020-2027. Mid-Power Output Marine Engines, one of the segments analyzed in the report, is projected to record 15.5% CAGR and reach 109.7 Thousand Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the High-Power Output Marine Engines segment is readjusted to a revised 17.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at 24.5 Thousand Units, While China is Forecast to Grow at 21.6% CAGR
The Variable Valve Timing (VVT) Systems in Marine Engines market in the U.S. is estimated at 24.5 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 62.5 Thousand Units by the year 2027 trailing a CAGR of 21.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 14.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR.
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