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Global Variable Valve Timing (VVT) Systems in Marine Engines Market to Reach 271.3 Thousand Units by 2027
Dublin, March 05, 2021 (GLOBE NEWSWIRE) -- The "Variable Valve Timing (VVT) Systems in Marine Engines - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Variable Valve Timing (VVT) Systems in Marine Engines estimated at 90.9 Thousand Units in the year 2020, is projected to reach a revised size of 271.3 Thousand Units by 2027, growing at a CAGR of 16.9% over the period 2020-2027.
Mid-Power Output Marine Engines, one of the segments analyzed in the report, is projected to record 15.5% CAGR and reach 109.7 Thousand Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the High-Power Output Marine Engines segment is readjusted to a revised 17.9% CAGR for the next 7-year period.
The U. S. Market is Estimated at 24.5 Thousand Units, While China is Forecast to Grow at 21.6% CAGR
The Variable Valve Timing (VVT) Systems in Marine Engines market in the U. S. is estimated at 24.5 Thousand Units in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of 62.5 Thousand Units by the year 2027 trailing a CAGR of 21.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 14.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Denso Corporation
Eaton Corporation PLC
Delphi Automotive PLC
Hitachi Automotive Systems Ltd.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Variable Valve Timing System Market in Marine Engines Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 58
For more information about this report visit https://www.researchandmarkets.com/r/8kibp7
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