Middle East and Africa Torque Vectoring Market China Overview:
The Middle East and Africa Torque Vectoring Market China will
touch USD 9.20 billion at a healthy 12% CAGR in the forecast period 2018- 2023,
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 Middle East and Africa Torque Vectoring
Market China
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 Middle East and Africa Torque
Vectoring Market China growth over the forecast period.
Key Players
Key contenders profiled in the Middle East and Africa Torque
Vectoring Market China 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.
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sample report of Middle East and Africa Torque Vectoring Market China
Market Segmentation
The MRFR report throws light on an inclusive segmental analysis
of the global Middle East and Africa Torque Vectoring Market China based on
technology, electric vehicle (EV) type, clutch actuation type, propulsion, and
vehicle type.
By vehicle type, the global Middle East and Africa Torque
Vectoring Market China 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 Middle East and Africa Torque
Vectoring Market China 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 Middle East and Africa Torque
Vectoring Market China 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 Middle East and Africa Torque
Vectoring Market China 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 Middle East and Africa Torque Vectoring
Market China 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.
Regional Analysis
By region, the global Middle East and Africa Torque Vectoring
Market China 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 Middle East
and Africa Torque Vectoring Market China growth in the region.
In Europe, the Middle East and Africa Torque Vectoring Market
China 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 Middle
East and Africa Torque Vectoring Market China growth in the region.
In the APAC region, the Middle East and Africa Torque Vectoring
Market China 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 Middle East and Africa Torque
Vectoring Market China growth in the region.
In the MEA, the Middle
East and Africa Torque Vectoring Market China size
is predicted to have sound growth over the forecast period.
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