Torque Vectoring Market Overview
According to the research analyst's insights from the report, the Asia Pacific region holds tremendous potential as a lucrative opportunity for the Torque Vectoring market and its component manufacturers over the next decade. Remarkably, the market has exhibited resilience and an upward trend even in the face of an economic slowdown, as analyzed post the Covid lockdown period. Maximize Market Research, a prominent international business consultancy firm catering to large and medium-sized enterprises worldwide has recently released its highly anticipated "Torque Vectoring Market" Report. With a global presence, the company serves clients in over 34 countries.
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Torque Vectoring Market Scope
Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Torque Vectoring market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Torque Vectoring market are examined in the report.
Torque Vectoring Market Segmentation
According to vehicle type, the passenger vehicle market is anticipated to expand throughout the projection period at a CAGR of 17.34%. Passenger cars frequently have more sophisticated features and systems than light commercial cars, which is what is driving this expansion. The demand for high-performance vehicles is also likely to increase, and the integration of torque vectoring systems with ADAS technologies is anticipated to boost growth in the passenger car market.
Based on propulsion, the market for torque vectoring is anticipated to be dominated by the AWD/4WD category due to the rising popularity of SUVs and other off-road vehicles. However, growth in the RWD market is also anticipated, especially in the high-performance vehicle segment. It is anticipated that the FWD segment will hold a reduced market share.
Men, Women, and Children make up the three consumer group segments of the torque vectoring market. In 2022, the Men category accounted for the greatest market share. The rising rate of male participation in sports and outdoor activities is fueling the segment's expansion. The expansion of the women's consumer group segment is anticipated to be aided by the rising popularity of outdoor recreation and the fashion trend of wearing outdoor clothing among women throughout the projected period.
According to Technology, the segment for passive torque vectoring systems dominated the worldwide torque vectoring market in 2022, and the segment for active torque vectoring systems is predicted to develop at the highest rate between 2023 and 2029. On the other hand, passive torque vectoring systems use mechanical or hydraulic components to transmit torque among the wheels. Though they might not
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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
Table of content for the Torque Vectoring Market includes:
1.Global Torque Vectoring Market: Research Methodology
2. Global Torque Vectoring Market: Executive Summary
3. Global Torque Vectoring Market: Competitive Landscape
• MMR Competition Matrix
• Competitive Landscape
• Key Players Benchmarking
• Global Market Key Player Ranking Analysis
• Market Structure
o Market Leaders
o Market Followers
o Emerging Players
• Consolidation of the Market
4. Global Torque Vectoring Market: Dynamics
• Market Trends by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• Market Drivers by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• Market Restraints
• Market Opportunities
• Market Challenges
• PORTER’s Five Forces Analysis
• PESTLE
• Value Chain Analysis
• Regulatory Landscape by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact on the Market
5. Global Torque Vectoring Market: Segmentation (by Value)
• Global Torque Vectoring Market, By Vehicle Type (2022-2029)
• Passenger Car
• Light Commercial Vehicle
• Global Torque Vectoring Market, By Propulsion (2022-2029)
• Front wheel drive (FWD)
• Rear wheel drive (RWD)
• All wheel drive/Four wheel drive (4WD)
• Global Torque Vectoring Market, By Clutch Actuation Type (2022-2029)
• Hydraulic
• Electronic
• Global Torque Vectoring Market, By EV Type (2022-2029)
• BEV
• HEV
Regional Analysis
The Torque Vectoring market report comprises an extensive analysis of the Torque Vectoring industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.
Key Questions answered in the Torque Vectoring Market Report are:
- What is Torque Vectoring Market?
- What is the forecast period of the Torque Vectoring Market?
- What is the competitive scenario of the Torque Vectoring market?
- Which region held the largest market share in the Torque Vectoring Market?
- What are the opportunities for the Torque Vectoring Market?
- What are the restraining factors in the Torque Vectoring market?
- Who are the key players of the Torque Vectoring market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Torque Vectoring
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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