PUBLISHER: IMARC | PRODUCT CODE: 1423224
PUBLISHER: IMARC | PRODUCT CODE: 1423224
Continuously Variable Transmission Systems Market Report by Vehicle Type, Type, Fuel, Capacity, End User, and Region 2024-2032
Abstract
The global continuously variable transmission systems market size reached US$ 22.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global continuously variable transmission systems market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on type, vehicle type, fuel, capacity, and end user.
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:
Gasoline
Diesel
Hybrid
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
Aftermarket
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 2023?
- 2. What is the expected growth rate of the global continuously variable transmission systems market during 2024-2032?
- 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?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Continuously Variable Transmission Systems Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Vehicle Type
- 5.5 Market Breakup by Type
- 5.6 Market Breakup by Fuel
- 5.7 Market Breakup by Capacity
- 5.8 Market Breakup by End-User
- 5.9 Market Breakup by Region
- 5.10 Market Forecast
6 Market Breakup by Vehicle Type
- 6.1 Passenger Cars
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Light Commercial Vehicles
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Heavy Commercial Vehicles
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Type
- 7.1 Hydrostatic
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Toroidal
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Cone
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Variable Geometry
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Variable Diameter
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Fuel
- 8.1 Gasoline
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Diesel
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Hybrid
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Capacity
- 9.1 Upto 1.5 L
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 1.5 L to 3.0 L
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Above 3.0 L
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by End-User
- 10.1 OEM
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Aftermarket
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
11 Market Breakup by Region
- 11.1 Asia Pacific
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 North America
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 Europe
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
- 11.4 Middle East and Africa
- 11.4.1 Market Trends
- 11.4.2 Market Forecast
- 11.5 Latin America
- 11.5.1 Market Trends
- 11.5.2 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 TEAM Industries, Inc.
- 16.3.2 Schaeffler AG
- 16.3.3 Endurance Technologies Limited
- 16.3.4 NIDEC-SHIMPO
- 16.3.5 ZF Friedrichshafen AG
- 16.3.6 STEYR
- 16.3.7 Toyota Motor Corporation
- 16.3.8 Gaokin Industry Co.,Ltd
- 16.3.9 General Transmissions
- 16.3.10 Fallbrook Intellectual Property Company LLC
List of Figures
- Figure 1: Global: Continuously Variable Transmission Systems Market: Major Drivers and Challenges
- Figure 2: Global: Continuously Variable Transmission Systems Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Continuously Variable Transmission Systems Market: Breakup by Vehicle Type (in %), 2023
- Figure 4: Global: Continuously Variable Transmission Systems Market: Breakup by Type (in %), 2023
- Figure 5: Global: Continuously Variable Transmission Systems Market: Breakup by Fuel (in %), 2023
- Figure 6: Global: Continuously Variable Transmission Systems Market: Breakup by Capacity (in %), 2023
- Figure 7: Global: Continuously Variable Transmission Systems Market: Breakup by End-User (in %), 2023
- Figure 8: Global: Continuously Variable Transmission Systems Market: Breakup by Region (in %), 2023
- Figure 9: Global: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 10: Global: Continuously Variable Transmission Systems Industry: SWOT Analysis
- Figure 11: Global: Continuously Variable Transmission Systems Industry: Value Chain Analysis
- Figure 12: Global: Continuously Variable Transmission Systems Industry: Porter's Five Forces Analysis
- Figure 13: Global: Continuously Variable Transmission Systems (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Continuously Variable Transmission Systems (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Continuously Variable Transmission Systems (Light Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Continuously Variable Transmission Systems (Light Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Continuously Variable Transmission Systems (Heavy Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Continuously Variable Transmission Systems (Heavy Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Continuously Variable Transmission Systems (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Continuously Variable Transmission Systems (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Continuously Variable Transmission Systems (Hydrostatic) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Continuously Variable Transmission Systems (Hydrostatic) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Continuously Variable Transmission Systems (Toroidal) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Continuously Variable Transmission Systems (Toroidal) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Continuously Variable Transmission Systems (Cone) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Continuously Variable Transmission Systems (Cone) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Continuously Variable Transmission Systems (Variable Geometry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Continuously Variable Transmission Systems (Variable Geometry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Continuously Variable Transmission Systems (Variable Diameter) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Continuously Variable Transmission Systems (Variable Diameter) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Continuously Variable Transmission Systems (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Continuously Variable Transmission Systems (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Continuously Variable Transmission Systems (Gasoline) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Continuously Variable Transmission Systems (Gasoline) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: Continuously Variable Transmission Systems (Diesel) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: Continuously Variable Transmission Systems (Diesel) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Global: Continuously Variable Transmission Systems (Hybrid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Global: Continuously Variable Transmission Systems (Hybrid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Global: Continuously Variable Transmission Systems (Upto 1.5 L) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Global: Continuously Variable Transmission Systems (Upto 1.5 L) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Global: Continuously Variable Transmission Systems (1.5 L to 3.0 L) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Global: Continuously Variable Transmission Systems (1.5 L to 3.0 L) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Global: Continuously Variable Transmission Systems (Above 3.0 L) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Global: Continuously Variable Transmission Systems (Above 3.0 L) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Global: Continuously Variable Transmission Systems (OEM) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Global: Continuously Variable Transmission Systems (OEM) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Global: Continuously Variable Transmission Systems (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Global: Continuously Variable Transmission Systems (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Asia Pacific: Continuously Variable Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Asia Pacific: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: North America: Continuously Variable Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: North America: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Europe: Continuously Variable Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Europe: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Middle East and Africa: Continuously Variable Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Middle East and Africa: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Latin America: Continuously Variable Transmission Systems Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Latin America: Continuously Variable Transmission Systems Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
- Table 1: Global: Continuously Variable Transmission Systems Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
- Table 3: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 4: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by Fuel (in Million US$), 2024-2032
- Table 5: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by Capacity (in Million US$), 2024-2032
- Table 6: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by End-User (in Million US$), 2024-2032
- Table 7: Global: Continuously Variable Transmission Systems Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 8: Global: Continuously Variable Transmission Systems Market Structure
- Table 9: Global: Continuously Variable Transmission Systems Market: Key Players
