The global continuously variable transmission systems market size reached USD 23.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 35.8 Billion by 2033, exhibiting a growth rate (CAGR) of 4.69% during 2025-2033.
A continuously variable transmission (CVT) system refers to an automatic transmission system that changes through an uninterrupted range of different gear ratios. It has a two-pulley mechanism with variable diameters connected on either end of the engine and the wheels by a belt or chain. Also known as stepless transmission, pulley transmission and single-speed transmission, the CVT system effectively replaces gears with two variable-diameter pulleys. As a result, it offers useable power and driving convenience as compared to automatic transmission systems. Moreover, the CVT system is extremely fuel-efficient and provides maximum speed at low engine speed. They are also light-weighted, compact-sized, and consist of fewer moving parts, making them suitable for diverse automotive applications.
Continuously Variable Transmission Systems Market Trends:
The global CVT system market is driven by various advantages, such as a smooth driving experience and quick acceleration for users. It also offers more useable power and consumes less fuel than conventional and manual transmission systems. As a result, the CVT system finds applications in tractors, snowmobiles, motor scooters, go-carts, and mix harvesters. Nowadays, consumers are shifting toward eco-friendly vehicles, which utilize CVT systems. It also consists of enhanced hydraulic systems, microprocessors, high-strength steel metal belts, and high-speed sensors, which help boost the handling capacity of the engine. Furthermore, several manufacturers, like Toyota, are producing hybrid, electric mid-sized hatchback models, which are equipped with power-split CVT technology. It offers a fixed gear ratio and higher torque handling capability, which are expected to escalate the demand for CVT systems.
Key Market Segmentation:
Breakup by Vehicle Type:
- Passenger cars
- Light commercial vehicles
- Heavy commercial vehicles
- Others
Amongst these, passenger cars represent the most preferred vehicle type.
Breakup by Type:
- Hydrostatic
- Toroidal
- Cone
- Variable geometry
- Variable diameter
- Others
On the basis of the type, hydrostatic systems are the most popular type of CVT systems.
Breakup by Fuel:
At present, gasoline accounts for majority of the total global market.
Breakup by Capacity:
- Up to 1.5 L
- 1.5 L to 3.0 L
- Above 3.0 L
Based on the capacity, the report finds that CVT systems with 1.5 L to 3.0 L capacity hold the biggest market share.
Breakup by End User:
OEM currently exhibits a clear dominance in the market.
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
- Region-wise, Asia Pacific holds the leading position in the market.
Competitive Landscape:
- The competitive landscape of the market has been analyzed, with some of the leading players being TEAM Industries Inc., Schaeffler AG, Endurance Technologies Limited, NIDEC-SHIMPO, ZF Friedrichshafen AG, STEYR, Toyota Motor Corporation, Gaokin Industry Co. Ltd., General Transmissions, and Fallbrook Intellectual Property Company LLC.
Key Questions Answered in This Report
- 1.What was the size of the global continuously variable transmission systems market in 2024?
- 2.What is the expected growth rate of the global continuously variable transmission systems market during 2025-2033?
- 3.What are the key factors driving the global continuously variable transmission systems market?
- 4.What has been the impact of COVID-19 on the global continuously variable transmission systems market?
- 5.What is the breakup of the global continuously variable transmission systems market based on the vehicle type?
- 6.What is the breakup of the global continuously variable transmission systems market based on the type?
- 7.What is the breakup of the global continuously variable transmission systems market based on the fuel?
- 8.What is the breakup of the global continuously variable transmission systems market based on the capacity?
- 9.What is the breakup of the global continuously variable transmission systems market based on the end user?
- 10.What are the key regions in the global continuously variable transmission systems market?
- 11.Who are the key players/companies in the global continuously variable transmission systems market?