The growing trend towards electric and hybrid vehicles is boosting the growth of the automotive continuously variable transmission (CVT) market in the Asia-Pacific region due to several factors. One of the major factors driving the adoption of CVTs in electric and hybrid vehicles is the increasing focus on fuel efficiency and low emissions. CVTs provide better fuel efficiency and lower emissions compared to traditional manual or automatic transmissions, making them an attractive option for vehicle manufacturers looking to meet these requirements. Another factor contributing to the growth of the CVT market in the region is the government’s push towards promoting the adoption of electric and hybrid vehicles. Many countries in the region, including China, Japan, and South Korea, have set ambitious targets to reduce carbon emissions and increase the use of electric vehicles. This has created a favourable environment for the adoption of CVTs in electric and hybrid vehicles.

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Recent developments in the region have also contributed to the growth of the CVT market. For example, in 2020, Toyota announced the development of a new CVT system for hybrid vehicles, which is expected to improve fuel efficiency and reduce emissions. Additionally, in 2021, General Motors announced the launch of a new electric vehicle (EV) with a CVT transmission, which is expected to increase the adoption of CVTs in EVs in the region.

Furthermore, the advancements in materials and manufacturing processes have led to the development of lighter and more durable CVT components, which has made CVTs more suitable for use in vehicles in the region. This has reduced the weight of the vehicle and improved its fuel efficiency.

In conclusion, the growing trend towards electric and hybrid vehicles in the Asia-Pacific region is boosting the growth of the automotive continuously variable transmission (CVT) Market due to the increasing focus on fuel efficiency and low emissions, the government’s push towards promoting the adoption of electric and hybrid vehicles, and the advancements in materials and manufacturing processes.

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Based on type, the market is segmented into hydrostatic, belt-chain drive, planetary, toroidal, cone, and others. Amongst these, the hydrostatic segment of the automotive continuously variable transmission (CVT) market dominates due to several factors. Firstly, hydrostatic CVTs are widely used in off-road vehicles, such as agricultural machinery, construction equipment, and recreational vehicles, due to their ability to provide smooth and efficient power transfer in challenging terrain. Secondly, hydrostatic CVTs are known for their reliability and durability, as they do not have any mechanical components that can wear out or break down. This makes them a popular choice for heavy-duty applications, where reliability and durability are critical.

By vehicle type, the market is segmented into passenger vehicles, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment of the automotive continuously variable transmission (CVT) market dominates due to several factors. Firstly, CVTs are well-suited to passenger vehicles due to their ability to provide smooth and efficient power transfer, as well as improved fuel efficiency. CVTs allow for continuous variable gear ratios, which means that the engine can operate at its most efficient speed, regardless of the vehicle’s speed. This results in reduced fuel consumption and improved performance. Secondly, CVTs have become increasingly popular in passenger vehicles due to their improved shift quality and driving experience. CVTs offer a smooth and seamless driving experience, with no shift shock or lag, which can be unpleasant in traditional automatic transmissions.

Global Automotive Continuously Variable Transmission (CVT) Market Segmentation

Market Insight, by Type

  • Hydrostatic
  • Belt-Chain Drive
  • Planetary
  • Toroidal
  • Cone
  • Others

Market Insights, by Vehicle Type

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Market Insights, by Engine Capacity

  • Up to 1.5L
  • 1.5L to 3.0L
  • Above 3.0L

Market Insight, by Region

  • North America U.S.
  •  Canada
  •  Rest of North America
  • EuropeGermany
  • UK
  • Italy
  • France
  • Rest of Europe
  • APACChina
  • Japan
  • India
  • Rest of APAC
  • Rest of the World