Variable valve timing(VVT)system is used in marine engines to increase the efficiency of engines to produce more power at lower rates of rotations per minute (rpm) using optimum amounts of fuel. The VVT system in marine engines gives an increase of about 5% in fuel efficiency. VVT controls the timing of the intake valves so that sufficient amount of air is taken in to burn the fuel, enabling complete combustion and higher power output. Currently, VVT systems have more concentration among high-power output engines. High-power output engines in marine boats usually tend to have more power at high rates of rpm. Hence, OEMs have started adding VVT systems to efficiently bring power to low rates of rpm.
According to the report, one of the primary drivers in the market is growth of boating industry. Sales of powerboats in the US has increased about 80% in 2014. Wakeboard/ski boats, personal watercraft, aluminum fishing boats, pontoon boats, and fiberglass runabouts consisted the majority of the powerboat sales in the US. One of the main drivers for the same is the increase in the number of boat shows in the US and the rise in the number of American participants for the same. The boating industry in the US has been positively affected by the recovery of the US economy, stronger job market, and decrease in fuel prices.
The global Variable Valve Timing (VVT)System in Marine Engines market is valued at US$ xx million in 2020 is expected to reach US$ xx million by the end of 2026, growing at a CAGR of xx% during 2021-2026.
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The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
The major players in the market include Delphi, Denso, Aisin, Eaton, Hitachi Automotive Systems, etc.
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Global Variable Valve Timing (VVT)System in Marine Engines Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Variable Valve Timing (VVT)System in Marine Engines market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Variable Valve Timing (VVT)System in Marine Engines Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
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