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Continuous Variable Transmission Market Trends

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

Continuous Variable Transmission Market Trends

Technological advancements continue to influence the CVT industry, focusing on enhancing the efficiency, durability, and performance of these systems. Innovations in belt and pulley design, transmission fluid, and control systems have increased the reliability, enabling them to handle higher torque. Consequently, they are now applicable in a wider range of vehicles, including mid-sized cars, SUVs, and light commercial vehicles.
 

Manufacturers are also emphasizing the reduction of CVT weight and size, which improves fuel efficiency without compromising performance. This ongoing refinement in technology not only enhances versatility and efficiency but also makes these transmissions more cost-effective, thereby attracting both consumers and automakers.
 

CVTs are now increasingly being utilized in non-passenger segments, including LCVs, off-highway vehicles, and motorcycles. In LCVs, such as small vans and delivery trucks, they offer significant advantages such as improved fuel efficiency, reduced driver fatigue, and easier handling in urban environments. These vehicles often operate in stop-and-go traffic, where CVTs excel by maintaining smooth acceleration and reducing the need for frequent gear shifts.
 

Additionally, the adoption of CVTs in off-highway vehicles, such as tractors and all-terrain vehicles (ATVs), is rising due to their ability to provide smooth power delivery and enhanced fuel efficiency in rugged conditions. This trend highlights the growing versatility of CVTs beyond traditional passenger cars.
 

The high initial costs and complexity present substantial challenges to the growth of the market. Unlike traditional automatic or manual transmissions, CVTs require specialized components such as pulleys, belts, and intricate control systems, which increase their complexity. This complexity results in elevated manufacturing costs, leading to a higher purchase price for vehicles equipped with this transmission.
 

For consumers, particularly in price-sensitive markets or among those seeking affordable vehicles, the increased upfront cost of CVT-equipped cars can be a deterrent. Additionally, although CVTs generally require less maintenance than traditional transmissions, repairs tend to be more expensive due to the specialized parts and expertise required, adding to the expense in the longer run.
 

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.

Continuous Variable Transmission Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 15
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 180
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