The Global Torque Vectoring Market is Predict to reach $20.2 Billion by 2028, at a CAGR of 15%

Published Date: 28-Feb-2023

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Torque Vectoring Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Torque Vectoring Market size is expected to reach $20.2 billion by 2028, rising at a market growth of 15.0% CAGR during the forecast period.

The All-Wheel Drive/Four Wheel Drive (AWD/4WD) segment acquired maximum revenue share in the Global Torque Vectoring Market by Propulsion 2021 thereby, achieving a market value of $12.3 billion by 2028. This segment's expansion can be attributable to the AWD/4WD car industry's rapid technological advancement. The development of advanced automobiles is being aided by significant investments made in the automotive sector by foreign direct investors to advance drivelines as well as other controlling and braking technology. In addition, prominent torque vectoring OEMs actively prioritize investing in developing these vehicles, further supporting market expansion.

The Passenger Car segment is showcasing a CAGR of 14.6 % during (2022 - 2028). Increased consumer disposable income, faster urbanization, increased globalization, and increased sales of passenger vehicles are some of the key drivers of this segment. Also, the rise in migration from underdeveloped to developed countries is potentially opening up new markets for passenger cars. Consumers of passenger automobiles are more concerned with a vehicle's features and ride quality. As a result, consumers are prepared to pay more to be comfortable.

The Hydraulic Clutch segment is leading the Global Torque Vectoring Market by Clutch Actuation Type 2021 thereby, achieving a market value of $15.5 billion by 2028. Less force is needed to push the clutch pedal when using a hydraulic clutch. For commercial and passenger vehicles, a hydraulic clutch system is the best option for transmitting pedal movement. Major technological advancements are also seen in this type to enhance its smoothness while driving, efficiency, and life span. Moreover, greasing this sort of clutch requires the least amount of money. All these factors have expedited the growth of the segment.

The Active segment has shown the growth rate of 16.9% during (2022 - 2028). The growth of the segment is owed to the increasing implementation of ATVS in vehicles. To supply enough driving torque on the opposite wheel, active torque vectoring control shifts torque from the right wheel to the left wheel and vice versa. It is unaffected by driving as well as braking forces and can produce the yaw moment irrespective of engine torque.

The Europe market dominated the Global Torque Vectoring Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6.5 billion by 2028. The North America market is exhibiting a CAGR of 14.6% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 15.8% during (2022 – 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of GKN Automotive Limited (Melrose Industries PLC), Continental AG, ZF Friedrichshafen AG, JTEKT Corporation, American Axle & Manufacturing, Inc., Univance Corporation, Dana Incorporated, BorgWarner, Inc., Eaton Corporation PLC, and Robert Bosch GmbH.

Global Torque Vectoring Market Segmentation

By Propulsion

  • All Wheel Drive/Four Wheel Drive (AWD/4WD)
  • Rear Wheel Drive (RWD)
  • Front Wheel Drive (FWD)

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Clutch Actuation Type

  • Hydraulic Clutch
  • Electronic Clutch

By Technology

  • Passive
  • Active

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • GKN Automotive Limited (Melrose Industries PLC)
  • Continental AG
  • ZF Friedrichshafen AG
  • JTEKT Corporation
  • American Axle & Manufacturing, Inc.
  • Univance Corporation
  • Dana Incorporated
  • BorgWarner, Inc.
  • Eaton Corporation PLC
  • Robert Bosch GmbH

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Related Reports:

North America Torque Vectoring Market size & Opportunities 2022-2028

Europe Torque Vectoring Market & Growth Forecast 2022-2028

Asia Pacific Torque Vectoring Market Share & Industry Outlook to 2028

LAMEA Torque Vectoring Market Growth, Trends & Forecasts 2022-2028

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