Torque Vectoring Market Overview
As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Torque Vectoring Market” size was valued at USD 8.65 Billion in 2022 and the global Torque Vectoring Market is expected to grow at a CAGR of 16.88% from 2023 to 2029, reaching nearly USD 30.12 Billion. This growth is attributed to various factors such as technological advancements, increasing demand for the product/service, expanding market penetration, and favorable industry trends.
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Torque Vectoring Market Scope and Methodology
The Torque Vectoring Market report offers a detailed estimation of market size, analyzing current and future trends. It examines key developments, marketing strategies, supply-demand indicators, and company profiles. Utilizing a bottom-up approach with primary and secondary data sources, it covers local, regional, and global levels for enhanced insights. The report includes historical data, current trends, technological innovations, and assessments of market risks, drivers, opportunities, and challenges. Employing SWOT and PORTER analysis, it provides a comprehensive guide for investors and stakeholders in the Torque Vectoring market.
Torque Vectoring Market Regional Insights
The report presents a comprehensive Regional Analysis, covering the current status of the Torque Vectoring market in different countries. It includes a detailed examination of factors, market size, growth rate, and import-export dynamics within regions. The analysis is conducted at both local and country levels, encompassing North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa as the broad segments for the Torque Vectoring market.
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Torque Vectoring Market Segmentation
by Vehicle Type
1. Passenger Car
2. Light Commercial Vehicle
According to vehicle type, the passenger vehicle market is anticipated to expand throughout the projection period at a CAGR of 17.34%. Passenger cars frequently have more sophisticated features and systems than light commercial cars, which is what is driving this expansion. The demand for high-performance vehicles is also likely to increase, and the integration of torque vectoring systems with ADAS technologies is anticipated to boost growth in the passenger car market.
by Propulsion
1. Front wheel drive (FWD)
2. Rear wheel drive (RWD)
3. All wheel drive/Four wheel drive (4WD)
Based on propulsion, the market for torque vectoring is anticipated to be dominated by the AWD/4WD category due to the rising popularity of SUVs and other off-road vehicles. However, growth in the RWD market is also anticipated, especially in the high-performance vehicle segment. Although the FWD segment is anticipated to hold a lesser market share, manufacturers may still experience some growth as they create new torque vectoring systems for these cars.
Torque Vectoring Market Key Players
1. JTEKT Corporation
2. Continental AG
3. GKN plc
4. BorgWarner Inc.
5. Schaeffler AG
6. ZF Friedrichshafen AG
7. Eaton Corporation
8. Magna International Inc.
9. Mitsubishi Electric Corporation
10. Dana Incorporated
11. American Axle & Manufacturing Holdings, Inc.
12. Robert Bosch GmbH
13. AVL List GmbH
14. Ricardo plc
15. Oerlikon Graziano
16. Infineon Technologies AG
17. Timken
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Table Of Content:
1.Global Torque Vectoring Market: Research Methodology
2. Global Torque Vectoring Market: Executive Summary
3. Global Torque Vectoring Market: Competitive Landscape
• MMR Competition Matrix
• Competitive Landscape
• Key Players Benchmarking
• Global Market Key Player Ranking Analysis
• Market Structure
o Market Leaders
o Market Followers
o Emerging Players
• Consolidation of the Market
4. Global Torque Vectoring Market: Dynamics
• Market Trends by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• Market Drivers by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• Market Restraints
• Market Opportunities
• Market Challenges
• PORTER’s Five Forces Analysis
• PESTLE
• Value Chain Analysis
• Regulatory Landscape by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact on the Market
5. Global Torque Vectoring Market: Segmentation (by Value)
• Global Torque Vectoring Market, By Vehicle Type (2022-2029)
• Passenger Car
• Light Commercial Vehicle
• Global Torque Vectoring Market, By Propulsion (2022-2029)
• Front wheel drive (FWD)
• Rear wheel drive (RWD)
• All wheel drive/Four wheel drive (4WD)
• Global Torque Vectoring Market, By Clutch Actuation Type (2022-2029)
• Hydraulic
• Electronic
• Global Torque Vectoring Market, By EV Type (2022-2029)
• BEV
• HEV
Key questions answered in the Torque Vectoring Market are:
- What is Torque Vectoring?
- What was the Torque Vectoring market size in 2022?
- What are the different segments of the Torque Vectoring Market?
- What growth strategies are the players considering to increase their presence in Torque Vectoring?
- What are the upcoming industry applications and trends for the Torque Vectoring Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Torque Vectoring Market?
- Who are the key players in the Torque Vectoring market?
- What major challenges could the Torque Vectoring Market face in the future?
- What segments are covered in the Torque Vectoring Market?
- Who are the leading companies and what are their portfolios in Torque Vectoring Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Market Research Future (MRFR) predicted in the report that Torque Vectoring Market would cross USD 9.20 Billion at a CAGR of 12% by 2023.
The global market was valued at USD 4.59 Billion in 2017, according to the report.
The global torque vectoring market is showing huge growth potential as the automotive sector is getting remarkable traction from several countries.The industry is expected to grow notably in the Asia Pacific region, where developing countries are investing more to bring in foreign companies and boost their own economies.
The torque vectoring market size would also benefit from the inclusion of better technologies and investment in research facilities.
The passenger car segment has the maximum market share, whereas the light commercial vehicle is outpacing the former in terms of growth.By propulsion, the analysis of the torque vectoring market includes segments like rear-wheel drive, front-wheel drive, and all/four-wheel drive.
However, the rear-wheel-drive has the potential to register the fastest CAGR during the forecast period.By clutch actuation type, the review of the torque vectoring market includes discussion on hydraulic and electronic.
Overview:The Global Torque Vectoring Market is showing huge growth potential as the automotive sector is getting remarkable traction from several countries.
The torque vectoring market size would also benefit from the inclusion of better technologies and investment in research facilities.Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/6654Segmentation:The Torque Vectoring Market Size has been analyzed on the basis of segments that include propulsion, electric vehicle (EV) type, clutch actuation type, vehicle type, and technology.
Fetched details from these segments would help in developing moves to increase the profit margin.By vehicle type, the study of the torque vectoring market gets segmented into passenger cars and light commercial vehicles.
The passenger car segment has the maximum market share, whereas the light commercial vehicle is outpacing the former in terms of growth.By propulsion, the analysis of the Torque Vectoring Market trends includes segments like rear-wheel drive, front-wheel drive, and all/four-wheel drive.
However, the rear-wheel-drive has the potential to register the fastest CAGR during the forecast period.By clutch actuation type, the review of the torque vectoring market includes discussion on hydraulic and electronic.
The hydraulic segment dominates the market at present, whereas the electronic segment is proceeding ahead with substantial speed.Browse complete report @ https://www.marketresearchfuture.com/reports/torque-vectoring-market-6654By EV, the global report on the torque vectoring market comprises hybrid electric vehicles (HEV)and battery electric vehicles (BEV).
The global torque vectoring market is anticipated to surpass a valuation of USD 9.20 billion, attaining an impactful CAGR of 12% during the forecast period (2018-2023), Market Research Future (MRFR) reveals in a detailed analysis.
By enhancing stability, handling, performance, and grip, torque vectoring provides more controlling access to a car’s driver.
It also includes speed controlling, which helps to shift the car weight to the desired wheel, thus allowing a better grip.Market Potential and PitfallsThe global torque vectoring market has witnessed a tectonic surge over the past few years.
Technological brilliance is opening new avenues to work on, which can spur the growth of the market in the coming years.
Moreover, electric cars and concept cars are predicted to launch in the coming years, thereby propelling the market growth across the globe.On the contrary, the production cycle of torque vectoring is quite lengthy, which can deter its growth across the globe.Torque Vectoring Market: Segmental AnalysisThe global torque vectoring market is segmented on the basis of propulsion, vehicle type, electric vehicle (EV) type, clutch actuation type, and technology.By vehicle type, the torque vectoring market is segmented into light commercial vehicle and passenger car.
Among these, the passive torque vector system shows greater control over the market.
