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Market Snapshot

CAGR:7.39

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.39

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Report Overview

Torque Vectoring Market Analysis Report 2023-2032

The Torque Vectoring Market is on track to experience a Compound Annual Growth Rate (CAGR) of 7.82% from 2022 to 2032. Over this period, the market size is projected to increase significantly, reaching USD 2,134.76 million. The growth of this market is attributed to several key factors, including advancements in vehicle technology, increased demand for high-performance vehicles, and a focus on improving vehicle safety and handling.

Torque Vectoring Market Overview

Drivers

One of the primary drivers behind the expansion of the Torque Vectoring Market is the ongoing advancements in vehicle technology. Torque vectoring systems, which control the distribution of power to individual wheels, are becoming increasingly sophisticated and are being adopted in a wide range of vehicles, from sports cars to SUVs. These systems enhance vehicle stability, handling, and performance, which appeals to consumers and automakers alike.

Moreover, the rising demand for high-performance vehicles is fueling the adoption of torque vectoring technology. Enthusiasts and consumers seeking enhanced driving experiences are driving the market for vehicles equipped with torque vectoring systems.

Trends

A significant trend shaping the Torque Vectoring Market is the integration of electric and hybrid vehicles with torque vectoring technology. Electric vehicles (EVs) and hybrid electric vehicles (HEVs) can benefit from torque vectoring to improve traction and efficiency, particularly in all-wheel-drive (AWD) configurations. This trend aligns with the growing focus on sustainable transportation.

Additionally, the development of predictive and adaptive torque vectoring systems is gaining traction. These systems use advanced sensors and algorithms to predict and respond to changing driving conditions in real-time, further enhancing vehicle stability and safety.

Restraints

One of the challenges facing the Torque Vectoring Market is the cost associated with implementing advanced torque vectoring systems. High-quality components and precise engineering are necessary for effective torque vectoring, which can increase manufacturing costs. This may limit the adoption of torque vectoring in budget-conscious vehicle segments.

Furthermore, there are concerns related to system complexity and potential maintenance costs, as more advanced torque vectoring systems require periodic calibration and maintenance to ensure optimal performance.

Torque Vectoring Market Segmentation By Vehicle Type

The passenger vehicle segment is expected to be a prominent growth sector within the Torque Vectoring Market. As consumers increasingly prioritize safety and performance in their vehicles, automakers are integrating torque vectoring systems into a wide range of passenger cars and SUVs.

Commercial vehicles, including trucks and vans, are another application segment for torque vectoring technology. Enhanced stability and control can be crucial for these vehicles, especially in challenging driving conditions.

Torque Vectoring Market Segmentation By Technology Type

There are two primary types of torque vectoring technology: active torque vectoring and passive torque vectoring. Active torque vectoring systems use electronic control to vary torque distribution actively, whereas passive systems rely on mechanical differentials to distribute torque. Both technologies have their applications and advantages, and their adoption varies based on vehicle type and intended use.

Regional Overview:

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The Asia-Pacific (APAC) region is expected to drive substantial growth in the Torque Vectoring Market. This is due to the region's burgeoning automotive industry, increasing consumer demand for high-performance vehicles, and the adoption of advanced vehicle technologies. Countries like China, Japan, and South Korea are at the forefront of this growth.

North America and Europe are also significant markets for torque vectoring systems, primarily driven by the demand for performance-oriented vehicles and advancements in automotive technology.

Torque Vectoring Market Customer Landscape

The Torque Vectoring Market report provides insights into customer preferences and buying patterns. Factors such as vehicle type, driving conditions, and the desire for improved handling and safety influence consumer decisions when choosing vehicles equipped with torque vectoring systems.

Major Torque Vectoring Market Companies

Leading companies in the Torque Vectoring Market are investing in research and development to create innovative torque vectoring systems. These companies often collaborate with automakers to integrate their technology into various vehicle models.

Sample list of major companies in the market:

VectorTorque Technologies
TorqueDynamics Inc.
PrecisionDrive Systems
ActiveMotion Dynamics
PowerVector Dynamics

Segment Overview

The Torque Vectoring Market report provides revenue forecasts on a global, regional, and country level. The report also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Vehicle Type Outlook (USD Million, 2019 - 2032)

Passenger Vehicles
Commercial Vehicles

Technology Type Outlook (USD Million, 2019 - 2032)

Active Torque Vectoring
Passive Torque Vectoring

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada
Rest of North America

Europe

United Kingdom
Germany
France
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Torque Vectoring MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Torque Vectoring MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Torque Vectoring Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Torque Vectoring MARKET BY Vehicle type SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 PC

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 LCV

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Torque Vectoring MARKET BY technology INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 ATVS

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 PTVS

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Torque Vectoring MARKET REGIONAL OUTLOOK

7.1. Torque Vectoring Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Torque Vectoring Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Torque Vectoring Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Torque Vectoring Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Torque Vectoring Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Torque Vectoring Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 GKN (UK)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 American Axle (US)

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Dana (US)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 BorgWarner (US)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Eaton (Ireland)

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 ZF (Germany)

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 JTEKT (Japan)

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Getrag (Canada)

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Bosch (Germany)

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiativesn

9.10 Univance (Germany)

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Torque Vectoring Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032