Torque Vectoring Market Comprehensive Study Of Market Evolution Technological Advancements And Strategic Developments From 2024 To 2030

Published: 2024-07-27
Views: 47
Author: nandini123
Published in: General

The Torque Vectoring Market size was valued at USD 10.11 Billion in 2023 and the global Torque Vectoring Market is expected to grow at a CAGR of 16.88% from 2024 to 2030, reaching nearly USD 30.12 Billion.

Torque Vectoring Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Torque Vectoring Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Torque Vectoring Market, with forecasts outspreading to the year 2030.

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Torque Vectoring Market Scope and Methodology:

The main objective of the study is to provide a comprehensive examination of the global Torque Vectoring market, focusing on a market-oriented approach. This involves understanding the market's dynamics, significant trends, growth drivers, obstacles, and potential opportunities. Data is gathered from primary and secondary research techniques. Primary data collection includes interacting with essential stakeholders in the Torque Vectoring market, including manufacturers, suppliers, distributors, retailers, end-users, and industry experts, via interviews and surveys. Information obtained from sources such as industry reports, market analyses, company websites, annual reports, trade journals, government publications, and databases constitutes secondary data.

Torque Vectoring Market segmentation is carried out using various factors such as product, component, size and installation location, and geographical regions like North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Additionally, a prediction model is developed by using past data, current market trends, and future estimates to estimate the market's size and potential growth during the expected timeframe. An in-depth analysis of the competitive environment is carried out, exploring the market strategies, product portfolios, technological advancements, and market positioning of key players. This in-depth examination aims to offer practical insights and support informed decision-making for stakeholders in the Torque Vectoring industry.

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Torque Vectoring Market Segmentation:

by Vehicle Type

1. Passenger Car
2. Light Commercial Vehicle

Over the projection period, the passenger car segment is anticipated to develop at a CAGR of 17.34%. Passenger cars often have more sophisticated features and systems than light commercial vehicles, which is what is driving this rise. The passenger car market is also anticipated to expand as a result of the rising demand for high-performance automobiles and the incorporation of torque vectoring systems with ADAS technology.

by Propulsion

1. Front wheel drive (FWD)
2. Rear wheel drive (RWD)
3. All wheel drive/Four wheel drive (4WD)

The growing demand for SUVs and other off-road vehicles is likely to propel the AWD/4WD sector to hold the greatest proportion of the torque vectoring market. But growth is also anticipated in the RWD market, especially in the high-performance vehicle segment. Although a lower market share is anticipated for the FWD segment, growth in this segment is possible if automakers keep coming up with improved torque vectoring technologies for these cars.

by Clutch Actuation Type

1. Hydraulic
2. Electronic

by EV Type

1. BEV
2. HEV

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Torque Vectoring Market Key Players:

1. JTEKT Corporation
2. Continental AG
3. GKN plc
4. BorgWarner Inc.
5. Schaeffler AG
6. ZF Friedrichshafen AG
7. Eaton Corporation
8. Magna International Inc.
9. Mitsubishi Electric Corporation
10. Dana Incorporated
11. American Axle & Manufacturing Holdings, Inc.
12. Robert Bosch GmbH
13. AVL List GmbH
14. Ricardo plc
15. Oerlikon Graziano
16. Infineon Technologies AG
17. Timken

Torque Vectoring Market Regional Insights:

The Torque Vectoring Market report is segmented into numerous key countries. Countries like North America, United States, Canada, Mexico, Europe, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN countries, other APAC countries, South America, Brazil, and the Middle East and Africa.

For an in-depth analysis, click the provided link:https://www.maximizemarketresearch.com/market-report/torque-vectoring-market/185108/

Key questions answered in the Torque Vectoring Market are:

• What is Torque Vectoring?
• What was the Torque Vectoring Market size in 2023?
• What is the growth rate of the Torque Vectoring Market?
• Which are the factors expected to drive the Torque Vectoring Market growth?
• What are the upcoming opportunities and trends for the Torque Vectoring Market?
• What segments are covered in the Torque Vectoring Market?
• Who are the key players in the Torque Vectoring Market?
• What are the different segments of the Torque Vectoring Market?
• Who are the leading companies and what are their portfolios in Torque Vectoring Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Torque Vectoring Market?
• What growth strategies are the players considering to increase their presence in Torque Vectoring?
• What is the CAGR at which the Torque Vectoring Market will grow during the forecast period?
• Which is the fastest growing region 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 | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments 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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About Maximize Market Research:

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