Torque
Vectoring Market Analysis
The torque
vectoring market will touch USD 9.20 billion at a healthy 12% CAGR
in the forecast period 2023- 2032, 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.
Get Free Sample
Report of Torque Vectoring Market
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.
Key
Players
Key contenders
profiled in the torque vectoring market report include Continental AG
(Germany), Oerlikon Graziano (Italy), Ricardo (UK), Timken (US), Schaeffler
(Germany), Univance (Germany), Bosch (Germany), Getrag (Canada), JTEKT (Japan),
ZF (Germany), Eaton (Ireland), BorgWarner (US), Dana (US), American Axle (US),
and GKN (UK), among others.
Industry
Updates
March 2021- The 2022
Infiniti QX60 will come with predictive AWD and torque vectoring.
Regional
Analysis
By region, the
global torque vectoring market 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.
Read more:
Light Commercial Vehicles Market
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