Global Automotive Torque Vectoring Systems
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Automotive Torque Vectoring System Market is expected to grow from USD 9.33 Billion in 2022 to USD 21.68 Billion by 2030, at a CAGR of 14.9%.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Automotive Torque Vectoring Systems Market Sales Revenue 2022 | $ 9.33 Billion |
Global Automotive Torque Vectoring Systems Market Sales Revenue 2030 | $ 21.68 Billion |
Global Automotive Torque Vectoring Systems Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14.9% |
Market Split by Vehicle Type |
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Market Split by Propulsion |
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Market Split by Clutch Actuation Type |
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Market Split by Technology |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Automotive Torque Vectoring Systems Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Torque vectoring is a computer-controlled technology that regulates the amount of power sent to each individual wheel by your car's engine or motors. Torque vectoring allows an automobile to have better grip on slippery surfaces and accelerate faster by more efficiently regulating power. Various torque vectoring systems do this function in various ways. Despite the fact that they all share the same end aim.
Nowadays, consumer requests are changing the business with the digitization of innovation. The car business is offering answers for greener vehicles, public transportation, driving help and self-sufficient driving, savvy framework, and numerous imaginative approaches to fulfill the requests of clients. The vehicle and car parts producing segment specifically is popular for new representatives. Indeed, producing drives the remainder of the car business as far as hours worked and compensation. According to the survey, it is projected that the global automotive industry will grow to nine trillion U.S. dollars by 2030. This increasing growth in the automotive industry drives market growth. Torque vectoring is an electronically controlled technology that increases vehicle traction, cornering capability, and overall stability by directing power to specific wheels.
The high cost associated with the automotive torque vectoring system can hamper the growth of the automotive torque vectoring system market.
Electric vehicles (EVs) can be outfitted with a variety of powertrain designs based on the number of motors and the number of driving axles. With EVs, the notion of torque vectoring is considerably simpler. The software can regulate two (or more) motors independently to adjust the vehicle's performance to the circumstances and the driver's goals. Each motor generates its own torque for the wheel to which it is linked. This will result in improved driving stability, agility, and safety in a variety of situations. For ICE cars, there are two forms of torque vectoring. The first is termed brake-based torque vectoring, and it occurs when the system briefly applies brakes to one of the wheels. Differential-based torque vectoring is more sophisticated, with clutch packs electronically activated to adjust to improve performance and conditions.
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In October 2019, BorgWarner has developed a novel torque vectoring technique for electric cars that permits the use of a single electric motor rather than the usual two. This approach is economical and tiny in size, reducing the amount of vehicle space required along with the system's weight. BorgWarner formed the Torque-Vectoring Dual-Clutch unit, that consists of two clutches - one inner and one outer - that substitute the conservative differential in an electric driveline by utilizing its all-wheel drive (AWD) and connection experience and group. BorgWarner's technology reduces heaviness and space in the driveline, boosting total vehicle efficiency unlike traditional torque-vectoring systems, which require the use of two e-machines in the rearmost, which are both expensive and heavy.
Top Companies Market Share in Automotive Torque Vectoring Systems Industry: (In no particular order of Rank)
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Global Automotive Torque Vectoring Systems Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Torque Vectoring Systems Industry growth. Automotive Torque Vectoring Systems market has been segmented with the help of its Vehicle Type, Propulsion Clutch Actuation Type, and others. Automotive Torque Vectoring Systems market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on vehicle types, the passenger segment dominates the growth of the market due to the rising demand for passenger cars. According to the study, more than 57 million passenger automobiles were produced worldwide in 2021, up from roughly 55 million in 2020.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Torque Vectoring Systems Industry. Request a Free Sample PDF!
Based on propulsion, the all-wheel drive/Four-wheel drive (4WD) segment holds a high market share for the automotive torque vectoring system market. A four-wheel drive vehicle has a two-axled drivetrain that can transmit torque to all four wheels at the same time. It can be on-demand or full-time, and it is commonly attached via a transfer case, which offers an extra output drive shaft and, in many cases, additional gear ranges.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Torque Vectoring Systems market report 2024 Edition by contacting our team.
Based on the clutch actuation type, the electronic segment leads the automotive torque vectoring system market. This is due to the rising demand for the product. The electronic clutch actuator is utilized in commercial vehicles with fully automatic or automated manual transmissions. Its job is to automatically engage and disengage the clutch, thereby eliminating any jolting or surges and allowing for smooth clutch functioning when pulling away, stopping, and changing gears. Thus, the electronic clutch actuator has been installed in numerous commercial vehicles, adding significantly to efficiency, safety, and comfort
Active torque vectoring transmits engine torque to the vehicle's wheels. The mechanical differential in automobiles distributes the torque from the ICE to the vehicle's left and right wheels. Active differentials are new sorts of differentials that contain extra clutches and gears to transfer driving torque to the left and right wheels. Active torque vectoring influences vehicle movement and performance by utilizing driving torques.
The passive torque vector system leads the market in terms of technology. Passive torque vectoring systems generate the vehicle yaw moment by distributing individual brake torque. Passive torque vectoring is frequently referred to as differential braking since it produces a braking difference. The benefit of passive torque vectoring (TV) is that it is simple to implement because only the control software has to be altered if the vehicle has ESC.
Geographically, the global automotive torque vectoring system market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. A growing automotive sector, improved infrastructure, technical breakthroughs, and increasing investment in R&D are all reasons why North America dominates the market for vehicle torque vectoring systems.
The current report Scope analyzes Automotive Torque Vectoring Systems Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Torque Vectoring Systems Market is witnessing significant growth in the near future.
In 2023, the Light Commercial Vehicle segment accounted for noticeable share of global Automotive Torque Vectoring Systems Market and is projected to experience significant growth in the near future.
The Front-wheel drive (FWD) segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Borg Warner, GKN and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Vehicle Type | Light Commercial Vehicle, Passenger Car |
Propulsion | Front-wheel drive (FWD), All-wheel drive/Four-wheel drive (4WD), Rear-wheel drive (RWD) |
Clutch Actuation Type | Hydraulic, Electronic |
Technology | Active Torque Vectoring System, Passive Torque Vectoring System |
List of Competitors | Borg Warner, JTEKT, GKN, ZF, Rimac, Mitsubishi, Ricardo, The Timken Company, Prodrive, Ford |
This chapter will help you gain GLOBAL Market Analysis of Automotive Torque Vectoring Systems. Further deep in this chapter, you will be able to review Global Automotive Torque Vectoring Systems Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Automotive Torque Vectoring Systems Market Trends North America Automotive Torque Vectoring Systems Technological Road Map North America Automotive Torque Vectoring Systems Market Drivers North America Automotive Torque Vectoring Systems Market Restraints North America Automotive Torque Vectoring Systems Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Vehicle Type Analysis 2019 -2031, will provide market size split by Vehicle Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Vehicle Type Analysis 2019 -2031
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Chapter 11 Market Split by Propulsion Analysis 2019 -2031
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Chapter 12 Market Split by Clutch Actuation Type Analysis 2019 -2031
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Chapter 13 Market Split by Technology Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Torque Vectoring Systems market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Light Commercial Vehicle have a significant impact on Automotive Torque Vectoring Systems market? |
What are the key factors affecting the Light Commercial Vehicle and Passenger Car of Automotive Torque Vectoring Systems Market? |
What is the CAGR/Growth Rate of Front-wheel drive (FWD) during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Torque Vectoring Systems Market? |
Which region is expected to dominate the global Automotive Torque Vectoring Systems Market within the forecast period? |
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