Market Research Future (MRFR) predicted in the report that Torque Vectoring Market would cross USD 9.20 Billion at a CAGR of 12% by 2023. The global market was valued at USD 4.59 Billion in 2017, according to the report. The global torque vectoring market is showing huge growth potential as the automotive sector is getting remarkable traction from several countries.
The industry is expected to grow notably in the Asia Pacific region, where developing countries are investing more to bring in foreign companies and boost their own economies. Rising demand for luxury vehicles and high-performance cars are expected to ensure growth for the torque vectoring market. The torque vectoring market size would also benefit from the inclusion of better technologies and investment in research facilities.
Segmentation:
- By vehicle type, the study of the torque vectoring market gets segmented into passenger cars and light commercial vehicles. The passenger car segment has the maximum market share, whereas the light commercial vehicle is outpacing the former in terms of growth.
- By propulsion, the analysis of the torque vectoring market includes segments like rear-wheel drive, front-wheel drive, and all/four-wheel drive. The front-wheel-drive segment has the upper-hand in the market. However, the rear-wheel-drive has the potential to register the fastest CAGR during the forecast period.
- By clutch actuation type, the review of the torque vectoring market includes discussion on hydraulic and electronic. The hydraulic segment dominates the market at present, whereas the electronic segment is proceeding ahead with substantial speed.
- By EV, the global report on the torque vectoring market comprises hybrid electric vehicles (HEV)and battery electric vehicles (BEV). The BEV segment is the leading one but the HEV segment is showing a better growth rate.
- By technology, the global understanding of the torque vectoring market reveals an active torque vector system and passive torque vector system. The passive torque vector system segment would dominate the market, but the active torque vector system would surpass the other in terms of CAGR.
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Competitive Landscape:
GKN (UK), BorgWarner (US), American Axle (US), Dana (US), JTEKT (Japan), Getrag (Canada), Eaton (Ireland), ZF (Germany), Schaeffler (Germany), Timken (US), Univance (Germany), Bosch (Germany), Oerlikon Graziano (Italy), Continental AG (Germany), Ricardo (UK).
Regional Analysis:
Technological support, superior infrastructure, the influx of investment, and other favorable conditions are expected to put North America ahead of many other regions. The Americas leads the market, due to the region’s established infrastructure, and the presence of an unparalleled technological expertise. The importance of torque vectoring’s role in the region’s automotive industry continues to surge every year, driven by the increasing production of automotive. Europe is recording the fastest growth as prominent car makers are generating huge demand for the product.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Torque Vectoring Market Segmentation
- Torque Vectoring Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
More…
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Overview:The Global Torque Vectoring Market is showing huge growth potential as the automotive sector is getting remarkable traction from several countries.
The torque vectoring market size would also benefit from the inclusion of better technologies and investment in research facilities.Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/6654Segmentation:The Torque Vectoring Market Size has been analyzed on the basis of segments that include propulsion, electric vehicle (EV) type, clutch actuation type, vehicle type, and technology.
Fetched details from these segments would help in developing moves to increase the profit margin.By vehicle type, the study of the torque vectoring market gets segmented into passenger cars and light commercial vehicles.
The passenger car segment has the maximum market share, whereas the light commercial vehicle is outpacing the former in terms of growth.By propulsion, the analysis of the Torque Vectoring Market trends includes segments like rear-wheel drive, front-wheel drive, and all/four-wheel drive.
However, the rear-wheel-drive has the potential to register the fastest CAGR during the forecast period.By clutch actuation type, the review of the torque vectoring market includes discussion on hydraulic and electronic.
The hydraulic segment dominates the market at present, whereas the electronic segment is proceeding ahead with substantial speed.Browse complete report @ https://www.marketresearchfuture.com/reports/torque-vectoring-market-6654By EV, the global report on the torque vectoring market comprises hybrid electric vehicles (HEV)and battery electric vehicles (BEV).
The global torque vectoring market is anticipated to surpass a valuation of USD 9.20 billion, attaining an impactful CAGR of 12% during the forecast period (2018-2023), Market Research Future (MRFR) reveals in a detailed analysis.
By enhancing stability, handling, performance, and grip, torque vectoring provides more controlling access to a car’s driver.
It also includes speed controlling, which helps to shift the car weight to the desired wheel, thus allowing a better grip.Market Potential and PitfallsThe global torque vectoring market has witnessed a tectonic surge over the past few years.
Technological brilliance is opening new avenues to work on, which can spur the growth of the market in the coming years.
Moreover, electric cars and concept cars are predicted to launch in the coming years, thereby propelling the market growth across the globe.On the contrary, the production cycle of torque vectoring is quite lengthy, which can deter its growth across the globe.Torque Vectoring Market: Segmental AnalysisThe global torque vectoring market is segmented on the basis of propulsion, vehicle type, electric vehicle (EV) type, clutch actuation type, and technology.By vehicle type, the torque vectoring market is segmented into light commercial vehicle and passenger car.
Among these, the passive torque vector system shows greater control over the market.
