Report Feature
Torque Vectoring Trends and Forecast
The future of the global torque vectoring market looks promising with opportunities in the passenger car and light commercial vehicle markets. The global torque vectoring market is expected to reach an estimated $100 billion by 2030 with a CAGR of 9.2% from 2024 to 2030. The major drivers for this market are growing demand for luxury and performance vehicles, rising consumer demand for high-performance vehicles, and expanding need for enhanced vehicle handling and stability.
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Torque Vectoring by Segment
The study includes a forecast for the global torque vectoring by vehicle type, propulsion, clutch actuation type, technology, and region.Torque Vectoring Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Car
• Light Commercial Vehicle
Torque Vectoring Market by Propulsion [Shipment Analysis by Value from 2018 to 2030]:
• Front Wheel Drive
• Rear Wheel Drive
• All Wheel Drive/Four Wheel Drive
Torque Vectoring Market by Clutch Actuation Type [Shipment Analysis by Value from 2018 to 2030]:
• Hydraulic
• Electronic
Torque Vectoring Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Active Torque Vectoring System
• Passive Torque Vectoring System
Torque Vectoring Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Torque Vectoring Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies torque vectoring companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the torque vectoring companies profiled in this report include-• GKN
• American Axle
• Dana
• BorgWarner
• Eaton
• ZF
• JTEKT
Torque Vectoring Market Insights
Lucintel forecasts that all wheel drive/four wheel drive will remain the largest segment over the forecast period. Within this market, passenger car is expected to witness the higher growth over the forecast period. Europe is expected to witness highest growth over the forecast period.Features of the Global Torque Vectoring Market
Market Size Estimates: Torque vectoring market size estimation in terms of value ($B). Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions. Segmentation Analysis: Torque vectoring market size by various segments, such as by vehicle type, propulsion, clutch actuation type, technology, and region in terms of value ($B). Regional Analysis: Torque vectoring market breakdown by North America, Europe, Asia Pacific, and Rest of the World. Growth Opportunities: Analysis of growth opportunities in different vehicle types, propulsions, clutch actuation types, technologies, and regions for the torque vectoring market. Strategic Analysis: This includes M&A, new product development, and competitive landscape of the torque vectoring market. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.FAQ
Q1. What is the growth forecast for torque vectoring market? Answer: The global torque vectoring market is expected to grow with a CAGR of 9.2% from 2024 to 2030. Q2. What are the major drivers influencing the growth of the torque vectoring market? Answer: The major drivers for this market are growing demand for luxury and performance vehicles, rising consumer demand for high-performance vehicles, and expanding need for enhanced vehicle handling and stability. Q4. What are the major segments for torque vectoring market? Answer: The future of the torque vectoring market looks promising with opportunities in the passenger car and light commercial vehicle markets. Q4. Who are the key torque vectoring market companies? Answer: Some of the key torque vectoring companies are as follows:• GKN
• American Axle
• Dana
• BorgWarner
• Eaton
• ZF
• JTEKT Q5. Which torque vectoring market segment will be the largest in future? Answer: Lucintel forecasts that all wheel drive/four wheel drive will remain the largest segment over the forecast period. Q7. In torque vectoring market, which region is expected to be the largest in next 5 years? Answer: Europe is expected to witness highest growth over the forecast period. Q.7 Do we receive customization in this report? Answer: Yes, Lucintel provides 10% customization without any additional cost.
Table of Contents
1. Executive Summary
6.2 Emerging Trends in the Global Torque Vectoring Market
6.1.1 Growth Opportunities for the Global Torque Vectoring Market by Vehicle Type
6.1.2 Growth Opportunities for the Global Torque Vectoring Market by Propulsion
6.1.3 Growth Opportunities for the Global Torque Vectoring Market by Clutch Actuation Type
6.1.4 Growth Opportunities for the Global Torque Vectoring Market by Technology
6.1.5 Growth Opportunities for the Global Torque Vectoring Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the torque vectoring market by vehicle type (passenger car and light commercial vehicle), propulsion (front wheel drive, rear wheel drive, and all wheel drive/four wheel drive), clutch actuation type (hydraulic and electronic), technology (active torque vectoring system and passive torque vectoring system), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity has occurred in the last 5 years and what has its impact been on the industry? For any questions related to Torque Vectoring Market, Torque Vectoring Market Size, Torque Vectoring Market Growth, Torque Vectoring Market Analysis, Torque Vectoring Market Report, Torque Vectoring Market Share, Torque Vectoring Market Trends, Torque Vectoring Market Forecast, Torque Vectoring Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
