Pune, 27, April 2023: Over the forecast period, Maximize Market Research expects the Torque Vectoring Market growth from USD 8.65 Bn in 2022 to USD 30.12 Bn in 2029 at a CAGR of 16.88 percent. The report analyzed by Maximize Market Research, on the Torque Vectoring market, covers an extensive regional analysis and competitive landscape.
Torque Vectoring Market Report Scope and Research Methodology
The Torque Vectoring Market report includes current trends and market highlights, assisting clients in exploring lucrative opportunities in the market. The report covers insights into the major drivers, challenges, and major restraints of the Torque Vectoring Market. During the forecast period, the report covers market size with estimations and growth rates. To understand market penetration, competitive structure, pricing, and demand analysis, regional market analysis is carried out at the local, regional, and global levels.
For a competitive landscape of the Torque Vectoring Market, Key players are collected based on several parameters that involve the products and services offered, revenue generated, technological advancements adopted and mergers and acquisitions. The bottom-up approach was used for Torque Vectoring market estimation. 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 annual reports, financial reports, government organizations’ sites and white papers.
SWOT, PESTLE and Porter were used for the Torque Vectoring Market analysis for the Micro and macro factors affecting the Torque Vectoring Market presented. Thus the report act as a guide for investors, stakeholders, and market followers of the market.
Torque Vectoring Market Dynamics
Torque Vectoring has been improve vehicle handling, stability and safety and thus it becoming more popular among consumers. As a result, the increasing awareness about the benefits of ADAS technologies such as Torque Vectoring and the growing adoption of electric as well as hybrid vehicles fuels the market demand.
The market is driven by the growing trend of autonomous driving, increasing government regulations and safety standards, rising adoption of the torque vectoring systems in off-road vehicles, increase in the use of commercial and passenger vehicles, the introduction of mobility as a service (MaaS) technologies, growing automation and rising awareness of the highest safety and dynamics of the vehicles. The increasing focus on the development of lightweight and compact torque vectoring systems by the manufacturers is also the key factor for market growth.
The market is expected to be restrained by the complexity of the system, increasing challenges in the integration of existing vehicle systems and the lack of the essential components to integrate in controlling and braking systems.
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Torque Vectoring Market Regional Insights
In 2022, North America dominated the Torque Vectoring Market with the largest market share and is expected to have significant growth over the forecast period. The regional market is driven by the increasing demand for high-performance and luxury vehicles, presence of the key automotive manufacturers, rapid urbanization and an increase in the spending capacity of individuals. The increasing investments to create a sustainable and clean environment by the government of the United States help to fuel the regional market growth.
In 2022, Asia Pacific held the second-largest position in the Torque Vectoring Market. The increasing use of advanced automotive technology, the growing focus on vehicle safety, the increasing demand for advanced driver assistance systems (ADAS) and the growing automotive industry in developing economies such as India, China and Japan and are the influencing factors for the regional market growth.
Torque Vectoring Market Segmentation
By Vehicle Type
Passenger Car
Light Commercial Vehicle
By Propulsion
Front wheel drive (FWD)
Rear wheel drive (RWD)
All wheel drive/Four wheel drive (4WD)
By Clutch Actuation Type
Hydraulic
Electronic
By EV Type
BEV
HEV
Torque Vectoring Market Key Competitors include:
JTEKT Corporation
Continental AG
GKN plc
BorgWarner Inc.
Schaeffler AG
ZF Friedrichshafen AG
Eaton Corporation
Magna International Inc.
Mitsubishi Electric Corporation
Dana Incorporated
American Axle & Manufacturing Holdings, Inc.
Robert Bosch GmbH
AVL List GmbH
Ricardo plc
Oerlikon Graziano
Infineon Technologies AG
Timken
Table of Content for Global Torque Vectoring Market:
Global Torque Vectoring Market: Research Methodology
Global Torque Vectoring Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Torque Vectoring Market: Competitive Analysis
MMR Competition Matrix
Market Structure by Region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Torque Vectoring Market Segmentation(2022-2029)
Global Market, by Vehicle Type (2022-2029)
Global Market, by Propulsion (2022-2029)
Global Market, by Clutch Actuation Type (2022-2029)
Global Market, by EV Type (2022-2029)
Regional Torque Vectoring Market (2022-2029)
Regional Market, by Vehicle Type (2022-2029)
Regional Market, by Propulsion (2022-2029)
Regional Market, by Clutch Actuation Type (2022-2029)
Regional Market, by EV Type (2022-2029)
Regional Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key questions answered in the Torque Vectoring Market are:
What is Torque Vectoring?
What is the CAGR of the Torque Vectoring Market?
What was the Torque Vectoring Market Size in 2022?
What is the expected Torque Vectoring market size during the forecast period?
What is the scope of the Torque Vectoring Market?
What are the Key driving factors for the growth of the Torque Vectoring Market?
What are the different segments of the Torque Vectoring Market?
What are the factors restraining the growth of the Torque Vectoring Market?
What is the demand pattern of the Torque Vectoring Market?
What are the major challenges that the Torque Vectoring Market could face in the future?
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 Torque Vectoring Market?
What are the top players operating in the Torque Vectoring Market?
Which region accounted for the largest market share 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 Vehicle Type, Propulsion, Clutch Actuation Type 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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