Torque Vectoring Market Segmentation, Analysis, Trends, Growth, and Report 2024-2032

The latest report by IMARC Group, titled “Torque Vectoring Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the torque vectoring market segmentation. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global torque vectoring market size reached USD 10.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 31.8 Billion by 2032, exhibiting a growth rate (CAGR) of 13.66% during 2024-2032.

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Torque Vectoring Market Trends:

The global market is primarily driven by the increasing demand for improved vehicle safety and stability, which enhances traction control in various driving conditions. In line with this, the rise in consumer preference for high-performance vehicles, especially in the sports and luxury segments, is further propelling the market growth. Furthermore, continual advancements in automotive technology, such as the integration of advanced driver-assistance systems (ADAS) and electric powertrains, is also increasing the adoption of the product.

Additionally, the ongoing trend of electrification and hybridization in the automotive industry is pushing manufacturers to incorporate these systems to optimize power distribution and battery management, thereby providing an impetus to the market. Moreover, increased investments in research and development for advanced automotive technologies are fostering innovation in torque vectoring solutions and creating a positive outlook in the market.

Torque Vectoring Market Scope and Growth Analysis:

The scope of the market is expanding rapidly due to its critical role in enhancing vehicle dynamics and performance across various automotive segments. The market scope is expected to witness significant growth, driven by the increasing adoption of electric and hybrid vehicles, where torque vectoring is essential for efficient power management. The growth is further bolstered by the rising penetration of all-wheel-drive systems in passenger vehicles, which rely on these systems for improved handling and safety.

The market's development is also influenced by the growing popularity of autonomous and semi-autonomous vehicles, where precise torque control is vital for navigating diverse driving environments. As per market analysis, the push towards vehicle electrification and the development of connected car technologies are creating new avenues for market scope growth. The continuous evolution of automotive electronics and software is enhancing the capabilities and affordability of torque vectoring systems, making them more accessible across different vehicle segments.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• American Axle & Manufacturing Inc.

• Borgwarner Inc.

• Eaton Corporation Plc

• GKN Ltd. (Melrose Industries PLC)

• Magna International Inc.

Torque Vectoring Market Segmentation:

Our report has categorized the market based on region, technology, actuation type, vehicle type, and propulsion.

Technology Insights:

• Active Torque Vectoring System (ATVS)

• Passive Torque Vectoring System (PTVS)

Clutch Actuation Type Insights:

• Hydraulic Clutch

• Electronic Clutch

Vehicle Type Insights:

• Passenger Car

• Light Commercial Vehicles

• Heavy Commercial Vehicles

Propulsion Insights:

• Front Wheel Drive (FWD)

• Rear Wheel Drive (RWD)

• All Wheel Drive/Four Wheel Drive (AWD/4WD)

Regional Insights:

• North America (USA, Canada)

• Europe (Germany, France, UK, Italy, Spain, Russia, others)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)

• Middle East/Africa

• Latin America (Brazil, Mexico, others)

Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

About US:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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