Torque Vectoring Market Analysis
The torque
vectoring market size will touch USD 17 billion
at a healthy 12% CAGR in the forecast period 2023- 2030, as per the new Market
Research Future (MRFR) report. Torque vectoring plays an imperative part to
source and harness wheel power.
By improving performance, grip, stability, and
handling, it gives more controlling access to the driver.
Various factors are fuelling the global torque
vectoring market growth. According to the recent MRFR market estimates, such
factors include the growing need for high-performance and luxury vehicles with
safety stipulations to abide by, technological brilliance, and concept and
electric cars predicted to launch innovation.
On the contrary, long production cycle time and
the impact of the COVID-19 impact may hamper the global torque vectoring market
growth over the forecast period.
Torque Vectoring Market Key Players
- Oerlikon
Graziano (Italy)
- Continental
AG (Germany)
- ZF (Germany)
- GKN (UK)
- JTEKT (Japan)
- Bosch
(Germany)
- American Axle
(US)
- Schaeffler
(Germany)
- BorgWarner
(US)
- Ricardo (UK)
- Timken (US)
- Univance
(Germany)
- Getrag
(Canada)
- Eaton
(Ireland)
- Dana (US)
Torque Vectoring Market Segmentation
The MRFR report throws light on an inclusive
segmental analysis of the global torque vectoring market based on technology,
electric vehicle (EV) type, clutch actuation type, propulsion, and vehicle
type.
By vehicle type, the global torque vectoring
market is segmented into light commercial vehicle and passenger car. Of these,
the passenger car will lead the market over the forecast period.
By propulsion, the global torque vectoring market
is segmented into all/four-wheel drive, rear wheel drive, and front wheel
drive. Of these, the front wheel drive segment will dominate the market over
the forecast period. The rear wheel drive segment will grow at the fastest pace
over the forecast period.
By clutch actuation type, the torque vectoring
market is segmented into electronic and hydraulic. Of these, the hydraulic
segment will spearhead the market over the forecast periods and the electronic
segment will develop at a high CAGR in the forecast period.
By electric vehicle type, the torque vectoring
market is segmented into hybrid electric vehicle (HEV) and battery electric
vehicle (BEV). Of these, the BEV segmented will have the lions share in the
market over the forecast period, and the HEV segment will grow at the fastest
pace over the forecast period.
By technology, the torque vectoring market is
segmented into passive torque vector system and active torque vector system. Of
these, the passive torque vector system will have the largest share in the
market over the forecast period and the active torque vector system will grow
at the fastest CAGR over the forecast period.
Torque Vectoring Market Regional
Analysis
By region, the global torque
vectoring market share covers the recent trends
and growth opportunity across Europe, the Asia Pacific (APAC), the Americas,
and the Middle East & Africa (MEA). Of these, the Americas will lead the
market over the forecast period. The presence of superior infrastructure,
unparalleled zonal technological brilliance, the presence of established
infrastructure, unparalleled technological expertise, significance of torque
vectoring in the automotive industry, increasing production of automotive,
people’s high disposable income, expansive urban population, emergence of the
latest technologies in the auto industry, and high demand for safety and
comfort in vehicles are adding to the global torque vectoring market growth in
the region.
In Europe, the torque vectoring market is
predicted to have the second-largest share over the forecast period. The
presence of several automobile behemoths, substantial investments in R&D,
and increasing business potentials are adding to the global torque vectoring
market growth in the region.
In the APAC region, the torque vectoring market is
predicted to have healthy growth over the forecast period. High business
potential, surge in R&D efforts by top vendors, increasing fleet and
traffic, increasing use of new production facilities, and rising automotive
sales in China and India are adding to the global torque vectoring market
growth in the region.
In the MEA, the torque vectoring market is
predicted to have sound growth over the forecast period.
Torque Vectoring Industry Updates
March 2021- The 2022 Infiniti QX60 will come with
predictive AWD and torque vectoring.
More Reports
Automotive Fog Lights Market Trends
Automotive Cooler Market Trends
No comments:
Post a Comment