Global Variable Cam Timing Market 2023-2027: Navigating the Aftermarket - E-Commerce Transforms Variable Cam Timing Sales

Dublin, Sept. 14, 2023 (GLOBE NEWSWIRE) -- The "Global Variable Cam Timing Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.

The variable cam timing market is forecasted to grow by USD 13,478.85 million during the period of 2022-2027. The market is anticipated to accelerate at a CAGR of 6.58% during this period.

Market Drivers:

• Growing Demand for Fuel-Efficient Vehicles: The market is primarily driven by the increasing demand for fuel-efficient vehicles, leading to the adoption of variable cam timing technology.
• Growth of Automotive Industry in Emerging Economies: Emerging economies are witnessing the growth of their automotive industries, further fueling the demand for variable cam timing systems.
• Adoption of New or Improved Emission Standards: The adoption of new or improved emission standards promotes the use of variable cam timing technology for better engine performance and reduced emissions.

Market Segmentation:

• The variable cam timing market is segmented by type into hydraulic cam phaser and electric cam phaser.
• It is also segmented by vehicle type into passenger cars and commercial vehicles.
• Geographically, the market is segmented into North America, South America, Europe, APAC, and the Middle East & Africa.

Trends Driving Market Growth:

• Development of Electric Variable Cam Timing Technology: The market is witnessing the development of electric variable cam timing technology, offering more advanced solutions.
• Evolving Aftermarket E-Commerce: The aftermarket for variable cam timing systems is evolving through e-commerce channels.
• Growing Focus on Lightweight Compact Variable Cam Timing Systems: Manufacturers are focusing on developing lightweight and compact variable cam timing systems for improved efficiency.

Vendor Analysis:

• The report provides a detailed analysis of around 25 leading vendors in the variable cam timing market.
• These vendors play a crucial role in manufacturing and supplying variable cam timing systems to the automotive industry.

Key Attributes:

Vendor Analysis:

• Aichi Brand
• American Axle and Manufacturing Holdings Inc.
• BorgWarner Inc.
• Camcraft Inc.
• Cloyes Gear and Products Inc.
• Continental AG
• DENSO Corp.
• Eaton Corp. Plc
• Hilite Germany GmbH
• Hitachi Ltd.
• Honda Motor Co. Ltd.
• Hyundai Motor Co.
• Mechadyne International Ltd.
• Mikuni Corp.
• Mitsubishi Electric Corp.
• Robert Bosch GmbH
• Schaeffler AG
• Stellantis NV
• Suzuki Motor Corp.

For more information about this report visit https://www.researchandmarkets.com/r/m3r39o

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• Global Variable Cam Timing Market