The Torque Vectoring Market size was estimated at USD 5.98 billion in 2022 and expected to reach USD 6.58 billion in 2023, at a CAGR 11.15% to reach USD 13.94 billion by 2030.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Torque Vectoring Market.
Based on Propulsion, market is studied across All Wheel Drive/Four Wheel Drive, Front Wheel Drive, and Rear Wheel Drive. The Rear Wheel Drive is projected to witness significant market share during forecast period.
Based on Clutch Actuation, market is studied across Electronic and Hydraulic. The Hydraulic is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Active Torque Vectoring System and Passive Torque Vectoring System. The Active Torque Vectoring System is projected to witness significant market share during forecast period.
Based on Vehicle, market is studied across Light Commercial Vehicle and Passenger Car. The Light Commercial Vehicle is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Torque Vectoring Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Torque Vectoring Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Torque Vectoring Market, highlighting leading vendors and their innovative profiles. These include ATS Automation Tooling Systems Inc., AVL List GmbH, Borg Automotive, BorgWarner Inc., Cognex Corporation, Continental AG, Dana Incorporated, Eaton Corporation PLC, Elaphe Propulsion Technologies Ltd., Exro Technologies Inc., GKN Automotive Limited, Magna International Inc., Mando Corporation, Protean Electric, Robert Bosch GmbH, Schaeffler Group, and ZF Friedrichshafen AG.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players’ market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast for the Torque Vectoring Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Torque Vectoring Market?
- What is the competitive strategic window for identifying opportunities in the Torque Vectoring Market?
- What are the latest technology trends and regulatory frameworks in the Torque Vectoring Market?
- What is the market share of the leading vendors in the Torque Vectoring Market?
- Which modes and strategic moves are suitable for entering the Torque Vectoring Market?