Global Torque Vectoring System
Market Report
2024
torque vectoring market size stood at USD 9.72 Billion in 2022 and will reach the mark of USD 27.56 Billion by 2030. The global market is expected to expand at a CAGR of 14.8 % during the forecast period (2023-2030).
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 torque vectoring market size stood at USD 9.72 Billion in 2022 and will reach the mark of USD 27.56 Billion by 2030. The global market is expected to expand at a CAGR of 14.8 % during the forecast period (2023-2030).
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Torque Vectoring System Market Sales Revenue 2022 | $ 9.72 Billion |
Global Torque Vectoring System Market Sales Revenue 2030 | $ 27.56 Billion |
Global Torque Vectoring System Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 14.8% |
Market Split by Propulsion |
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Market Split by Vehicle Type |
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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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Torque vectoring is a computer-controlled system, which is controls torque among the wheels. These systems mostly distribute and provide torque between the wheels allowing the vehicle to efficiently turn over a curve and bend. Torque vectoring solutions are two types used one is electric-based torque vectoring and another is brake-based torque vectoring. These systems provide a suitable supply of torque wheels at any point based on the driving conditions and the driver’s intentions.
Increasing the use of torque vectoring in passenger and commercial vehicles across industries and electric vehicles’ average share in vehicle sales is the key factor likely to drive the growth of the torque vectoring market. In addition, strict regulations and government alliances to decrease carbon emissions are likely to drive torque vectoring market demand.
Several subsidies and concessions are industrial levels to exchange fuel-based cars with hybrid and electric vehicles will present growth opportunities for the torque vectoring market. In addition, diverse sanctions are given in regulatory builds to create the infrastructure of EVs and other support for green energy and promote clean is projected to create growth opportunities for the torque vectoring market.
The increasing price of the vehicles and shortage of vital components to integrate with braking and control systems is a key factor anticipated to hamper the growth of the torque vectoring market.
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In May 2022, Eaton announced the company participated in Goldman Sachs Materials and Industrials Conference. This conference helps the company to get showcased on a large platform and attract customers by offering well power management services and products and accelerating revenue growth.
Top Companies Market Share in Torque Vectoring System Industry: (In no particular order of Rank)
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North America accounted for the largest share of the torque vectoring market
North America has the largest revenue share in the torque vectoring market. This is due to the presence of Key manufacturers operating in the region. Furthermore, increasing the spending capacity of individuals, the disposable income of consumers, and rapid urbanization in the region are anticipated to drive the global market in the region.
The current report Scope analyzes Torque Vectoring System 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
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Global Torque Vectoring System 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 Torque Vectoring System Industry growth. Torque Vectoring System market has been segmented with the help of its Propulsion, Vehicle Type Clutch Actuation Type, and others. Torque Vectoring System 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 propulsion, the all-wheel drive/four-wheel drive (AWD/4WD) has the leading segment in the torque vectoring market. This is owing to increasing AWD/4WD vehicle technology innovation. In addition, increasing investment foreign investors in the automotive sector to enhance driveline and other braking & controlling technology to develop innovative vehicles are propelling the growth of this segment.
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Based on vehicle type, the Passenger Car segment has the largest market share in the torque vectoring market. This is due to increasing EV passenger vehicles sale, rapid urbanization, globalization, and the disposable income of consumers, expected to fuel the growth of this segment.
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Based on the clutch actuation type, the hydraulic clutch segment has dominated the torque vectoring market. This is attributed to hydraulic clutches are operate via less energy required to press the clutch pedal. In addition, the hydraulic clutch mechanism is ideal for passenger and commercial vehicles this factor affects target market growth.
Based on technology, the passive torque vectoring system (PTVS) segment has the major share in the torque vectoring market. This is attributed to the passive torque vectoring system redirecting the improving stability and traction and force efficiently is projected to the growth of this segment in the target market.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
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 Torque Vectoring System Market is witnessing significant growth in the near future.
In 2023, the Rear Wheel Drive (RWD) segment accounted for noticeable share of global Torque Vectoring System Market and is projected to experience significant growth in the near future.
The Passenger Car segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies GKN, Dana and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Propulsion | Rear Wheel Drive (RWD), All Wheel Drive/Four Wheel Drive (AWD/4WD), Front Wheel Drive (FWD) |
Vehicle Type | Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles |
Clutch Actuation Type | Electronic Clutch, Hydraulic Clutch |
Technology | Active Torque Vectoring System (ATVS), Passive Torque Vectoring System (PTVS) |
List of Competitors | GKN, American Axle, Dana, BorgWarner, Eaton, ZF, JTEKT, Getrag, Bosch, Univance, Schaeffler, Timken, Ricardo, Oerlikon Graziano |
This chapter will help you gain GLOBAL Market Analysis of Torque Vectoring System. Further deep in this chapter, you will be able to review Global Torque Vectoring System Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market 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 (Only Available with Corporate User License)
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.
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 Propulsion Analysis 2019 -2031, will provide market size split by Propulsion. 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 Propulsion Analysis 2019 -2031
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 11 Market Split by Vehicle Type Analysis 2019 -2031
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 12 Market Split by Clutch Actuation Type Analysis 2019 -2031
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 13 Market Split by Technology Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Torque Vectoring System 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 Rear Wheel Drive (RWD) have a significant impact on Torque Vectoring System market? |
What are the key factors affecting the Rear Wheel Drive (RWD) and All Wheel Drive/Four Wheel Drive (AWD/4WD) of Torque Vectoring System Market? |
What is the CAGR/Growth Rate of Passenger Car during the forecast period? |
By type, which segment accounted for largest share of the global Torque Vectoring System Market? |
Which region is expected to dominate the global Torque Vectoring System Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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