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Continuous Variable Transmission Market Share

Report ID: GMI12566
Published Date: Dec 2024
Report Format: PDF

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Continuous Variable Transmission Market Share

Continuous Variable Transmission Company Market Share, 2024

Jatco and Toyota collectively held a substantial market share of over 15.5% in the continuous variable transmission industry in 2024. Jatco and Toyota command a significant share of the CVTs market due to their extensive expertise and strategic emphasis on fuel-efficient and hybrid vehicle technologies. Jatco, a leading CVT supplier, has established long-term partnerships with prominent automakers and is renowned for its innovation and high-quality CVT systems. Toyota, a pioneer in hybrid vehicle development, extensively utilizes CVTs in its hybrid models, capitalizing on the transmission's capability to optimize fuel efficiency and reduce emissions.

Honda and ZF Friedrichshafen are strategically innovating and forming partnerships to bolster their presence in the CVTs market, with a keen emphasis on hybrid and electric vehicle expansion. Honda, a long-time proponent of CVTs, seamlessly integrates them across a diverse array of models, hybrids included, ensuring competitiveness in the burgeoning fuel-efficient car market.

The company is also leveraging advanced technologies to boost CVT performance and efficiency, thereby enhancing driving experience and adhering to stringent emissions standards. Meanwhile, ZF Friedrichshafen, a prominent global player in automotive drivetrains, is carving out a niche in the CVT market by pioneering advanced transmission systems, particularly those tailored for electric and hybrid vehicles.

Continuous Variable Transmission Market Companies

Major players operating in the continuous variable transmission industry are:

Aisin
Bosch
CVTCorp
Daihatsu
Endurance Technologies Limited
Honda
Jatco
Kalyani Transmission
Maruti Suzuki
Nissan

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of continuous variable transmission reached USD 9.8 billion in 2024 and is set to grow at a 6.4% CAGR from 2025 to 2034, driven by consumer preference for a smoother driving experience.

The passenger cars segment accounted for around 64% of the continuous variable transmission market share in 2024, driven by the transmission's ability to provide a smoother and more fuel-efficient driving experience.

The Asia Pacific continuous variable transmission market accounted for 37% of the revenue share in 2024, driven by its vast automotive sector and increasing demand for fuel-efficient vehicles.

The key players in the industry include Aisin, Bosch, CVTCorp, Daihatsu, Endurance Technologies Limited, Honda, Jatco, Kalyani Transmission, Maruti Suzuki, and Nissan.