Continuous Variable Transmission Market: Worldwide Industry Analysis and New Market Opportunities Explored

The continuous variable transmission (CVT) is an automatic transmission and is also known as step less transmission system. The continuous variable transmission has three basic components, namely, rubber belt, variable input driving pulley, and an out driven pulley. It also consists of components such as microprocessor and various sensors. The continuous variable transmission is a fast shifting transmission in which the torque converter is utilized for transmitting torque. Different types of CVT are available for various applications such as frictional type, electric type, and hydraulic type.

The continuous variable transmission offers different gear ratios, which offer maximum fuel efficiency. The continuous variable transmission market for automotive is likely to expand during the forecast period due to the cost effectiveness, compact size, better efficiency, and optimized performance of the CVT system. However, the high cost transmission fluids and a lack of power offered during off road conditions are likely to restrain the continuous variable transmission market during forecast period.

The global continuous variable transmission market for automotive can be segmented based on type, component, sales channel, vehicle, and region. Based on component, the market can be divided into rubber belt, pulley, and others. The others transmission type contains gears, clutches, and other governing devices; however, it also contains the basic components of the continuous variable transmission for power transmission.

Based on type, the continuous variable transmission market for automotive can be segregated into different segments. Among them, the frictional type of CVT is most common type. In the friction type of CVT, two bodies are brought together with varying distance from axes of rotation and allowing to friction to transfer the motion from one part to other part.

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In terms of vehicle, the continuous variable transmission market can be segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment is further sub-segmented into SUVs, MUVs, sedans, and hatchbacks. SUVs and sedans contain continuous variable transmission features that provide better driving comfort and fuel efficiency. Sedans and SUVs sub-segments are estimated to dominate the continuous variable transmission market during the forecast period owing to the rise in sales of sedans and SUVs across the globe.

Based on sales channel, the continuous variable transmission market for automotive can be classified into OEMs and aftermarket. The OEMs segment is likely to dominate the continuous variable transmission market for automotive during the forecast period owing to the benefits of the continuous variable transmission system such as highly reliability, low maintenance, greater lifespan, and continuous investment in research and development activities for better fuel efficiency.

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Based on region, the continuous variable transmission market for automotive can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Countries in Asia Pacific such as Japan and China have been adopting continuous variable transmission for the last few years due to simple structure and better torque transferring capacity. Furthermore, consistent expansion of the automotive industry in China and India is likely to register substantial growth of CVT during forecast period.

Key players operating in the automotive damping control unit include, ZF Friedrichshafen AG, Schaeffler AG, Aisin Seiki, JATCO, AV Automotive Engineering, Punch Power Train, and IAV Automotive Engineering.