Torque Vectoring Market is expected to grow at a CAGR of 16.88% from 2023 to 2029

Bymahesh chavan

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.

Torque Vectoring Market Report Scope and Research Methodology

The Torque Vectoring Market report assists clients in exploring lucrative opportunities by including current trends and market highlights. It covers market size estimations and growth rates during the forecast period. Regional market analysis is conducted at the local, regional, and global levels to understand Torque Vectoring market penetration, competitive structure, pricing, and demand analysis.

Data is collected using primary and secondary collection methods with qualitative and quantitative approaches. Primary data include surveys, questionnaires and telephonic interviews with market experts, market leaders and business owners. Secondary data was taken from press releases, annual reports, financial reports, government organizations’ sites and white papers. The bottom-up approach was used for Torque Vectoring  market estimation. For a competitive landscape of the Torque Vectoring  Market, Key players are collected based on various parameters that involve the products and services offered, revenue generated, technological advancements adopted and mergers and acquisitions. Research tools such as SWOT, PESTLE and Porter’s Five forces were used for the Torque Vectoring  Market analysis for the Micro and macro factors affecting the Torque Vectoring  Market presented.
 
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Torque Vectoring  Market Regional Insights

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Torque Vectoring Market Segmentation : 

Based on Vehicle Type, Passenger vehicle segment is expected to grow at a CAGR of 17.34% over forecast period. This growth is driven by passenger vehicles are typically equipped with more advanced features and systems than light commercial vehicles. Additionally, the growing demand for high-performance vehicles and the integration of torque vectoring systems with ADAS technologies are expected to drive growth in the passenger car segment.

Based on Propulsion, The AWD/4WD segment is expected to account for the largest share of the torque vectoring market, driven by the increasing demand for SUVs and other off-road vehicles. However, the RWD segment is also expected to experience growth, particularly in the high-performance vehicle segment. The FWD segment is expected to have a smaller share of the market, but may still see some growth as manufacturers continue to innovate and develop new torque vectoring systems for these vehicles.

by Vehicle Type

1. Passenger Car
2. Light Commercial Vehicle

by Propulsion

1. Front wheel drive (FWD)
2. Rear wheel drive (RWD)
3. All wheel drive/Four wheel drive (4WD)

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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Key questions answered in the Torque Vectoring  Market are:

  • What is Torque Vectoring  ?
  • What was the Torque Vectoring market size in 2023?
  • What is the growth rate of the Torque Vectoring  Market?
  • Which are the factors expected to drive the Torque Vectoring  market growth?
  • 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?
  • What is the demand pattern of 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?
  • What segments are covered in the Torque Vectoring  Market?
  • Who are the key players in the Torque Vectoring  market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • 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

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