COVID-19 Impact Analysis on Torque Vectoring Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2022-2030. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country markets in detail.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Torque Vectoring market include GKN (UK) American Axle (US), Dana (US) BorgWarnm (US), Eaton (lreland), ZF (Germany), JTEKT (Japan), Getrag (Canada), Bosch (Germany) Univance (Germany), Schaeffler (Germany) Timken (US), Ricardo (UK), and Oerlikon Graziano (Italy). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The Torque vectoring market is on the rise due to a convergence of factors that cater to both performance and safety in the automotive industry. This technology, which optimizes torque distribution to individual wheels, significantly enhances vehicle performance by improving acceleration, cornering capabilities, and overall driving dynamics. It is particularly popular in high-performance vehicles, all-wheel-drive (AWD) systems, and electric or hybrid vehicles, where precise control of torque delivery is crucial. In addition to performance gains, torque vectoring enhances vehicle safety by reducing the risk of understeer and oversteer, making it easier for drivers to maintain control in challenging driving conditions. This aspect is particularly important in promoting road safety and meeting regulatory requirements. As consumers become more performance-conscious and technologically savvy, the demand for vehicles equipped with torque vectoring technology has surged, prompting automakers to incorporate it as a competitive advantage and differentiation factor. Furthermore, technological advancements in sensors, control algorithms, and vehicle electronics continue to make torque vectoring systems more effective and cost-efficient.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of torque vectoring. The growth and trends of torque vectoring industry provide a holistic approach to this study.
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Market Segmentation
This section of the torque vectoring market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
By Propulsion
- Front Wheel Drive (FWD)
- Rear Wheel Drive (RWD)
- All Wheel Drive/Four Wheel Drive (4WD)
By Clutch Actuation Type
- Hydraulic
- Electronic
Ву EV Type
- BEV
- HEV
By Techology
- Active Torque Vectoring System
- Passive Torque Vectoring System
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Torque Vectoring market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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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.
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.
The torque vectoring market size would also benefit from the inclusion of better technologies and investment in research facilities.
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.
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.
