Global Variable Valve Timing Market

The Global Variable Valve Timing Market Size is expected to reach USD 92.12 billion by 2030, at a CAGR of 6.49% during the forecast period 2022 to 2030. The rising adoption of passenger and commercial vehicles is increasing vehicular emissions around the world, making it a serious concern to produce automobiles with efficient fuel systems. The increasing hybridization of new vehicles, demands to improve fuel efficiency and vehicle performance, and rigorous emission requirements in both developed and emerging countries are some of the primary drivers driving the variable valve timing market expansion. The COVID-19 pandemic had a significant impact on manufacturing activities around the world. Since supply chain operations are disrupted, it has impacted variable valve timing system manufacturing and consumer demand, adversely affecting the market during the pandemic.