Torque Vectoring Market Overview:
The Torque Vectoring Market 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 Torque Vectoring Market 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 Torque Vectoring Market
growth over the forecast period.
Key Players
Key contenders profiled in the Torque Vectoring
Market 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.
Get a free sample report of Torque
Vectoring Market
Market Segmentation
The MRFR report throws light on an inclusive
segmental analysis of the global Torque Vectoring Market based on technology,
electric vehicle (EV) type, clutch actuation type, propulsion, and vehicle
type.
By vehicle type, the global Torque Vectoring Market
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 Torque Vectoring Market 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 Torque Vectoring
Market 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 Torque Vectoring
Market 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 Torque Vectoring Market 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 Torque Vectoring Market 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 Torque
Vectoring Market growth in the region.
In Europe, the Torque Vectoring Market 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 Torque Vectoring Market
growth in the region.
In the APAC region, the Torque Vectoring Market 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 Torque Vectoring Market
growth in the region.
In the MEA, the Torque Vectoring Market size is predicted to have sound growth over the forecast
period.
Check our more
reports of automobile!
India Automotive Industry Market
Automotive Cyber Security Market
.png)
.png)
No comments:
Post a Comment