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 of...