NEW YORK, Oct. 17, 2018 /PRNewswire/ -- Increased demand
for luxury and performance vehicles (including SUVs, crossovers,
and off-highway vehicles) to boost the growth of the torque
vectoring market for automotive.
Read the full report: https://www.reportlinker.com/p05593704
The torque vectoring market for automotive is primarily driven by
the increasing demand for luxury and performance vehicles
(including SUVs, crossovers, and off-highway vehicles). The torque
vectoring market for automotive is projected to grow at a CAGR of
20.01% from 2018 to 2025. From a market size of USD 4.48 billion in 2017, it is projected to
reach a market size of USD 18.70
billion by 2025. Major factors driving the growth of this
market include the increase in demand for technologically advanced
features that enhance vehicle safety and dynamics. However, a major
restraint for the torque vectoring market is the growing mobility
services in major countries.
AWD/4WD segment is estimated to be the fastest growing segment in
the torque vectoring market for automotive, by propulsion.
AWD/4WD is estimated to be the largest as well as the fastest
growing segment of the torque vectoring market during the forecast
period.The AWD/4WD segment is mainly driven by growing demand for
SUVs, increasing demand for improved vehicle safety, stability, and
enhanced driving dynamics.
The AWD/4WD systems find their application mostly in the premium
car segment and SUVs. Improving economic conditions, increasing
industrialization, and the improving living standards of consumers
around the world has increased the demand for premium segment cars
and SUVs.
Passenger car segment is estimated to be the largest segment in
the torque vectoring market for automotive
Passenger car segment is estimated to be the largest as well as the
fastest growing market for torque vectoring during the forecast
period.Thepassenger car torque vectoring system market is mainly
driven by continues growing demand for luxury passenger cars.
Also as the demand for passenger cars is significantly more than
the demand for other vehicles. Passenger cars constitute the
largest market for torque vectoring.
Europe to be the largest
growing market for torque vectoring market for automotive
Europe is projected to be the
largest torque vectoring market for automotive, owing to the
presence of many developed countries such as Germany, the UK, France, and Spain, which account for a considerable share
of the European automotive industry.The market is dominated by
established OEMs such as BMW AG (Germany), Daimler AG (Germany), Fiat (Italy), PSA/Peugeot-Citroen (France), and the Volkswagen Group
(Germany).
Asia Pacific is projected to be
the second fastest growing region in the torque vectoring
market.Asia Pacific is projected to lead owing to the large vehicle
production compared to other regions.
Asia Pacific contributed about
50–55% of the global vehicle production in 2017. As per
International Organization of Motor Vehicle Manufacturers (OICA),
vehicle production in Asia Pacific
grew from 45.6 million units in 2012 to 53.4 million units in 2017,
at a CAGR of 3.18% over that period. With the increase in vehicle
production, the demand for torque vectoring is projected to grow at
a significant rate.
The study contains insights provided by various industry
experts. The break-up of the primaries is as follows:
• By Company Type - Tier 1 – 60 %, Tier 2 – 13% and Tier 3 –
27%
• By Designation – C level – 30%, Director level – 35%, Others –
35%
• By Region – North America - 20%,
Europe – 40%, APAC – 30%, RoW –
10%
The report provides detailed profiles of the following
companies:
• GKN (UK)
• American Axle (US)
• Dana (US)
• BorgWarner (US)
• Eaton (Ireland)
• ZF (Germany)
• JTEKT (Japan)
• Magna (Canada)
• Bosch (Germany)
• Univance (Japan)
• Schaeffler (Germany)
• Timken (US)
• Ricardo (UK)
• Oerlikon Graziano (Italy)
• Mitsubishi Heavy Industries (Japan)
• HALDEX (Sweden)
• Continental (Germany)
Research Coverage
The torque vectoring market for automotive has been segmented on
the basis of vehicle type (Passenger Cars and Light Commercial
Vehicle), Technology (Active Torque Vectoring System and Passive
Torque Vectoring System), Propulsion (AWD/4WD, Front Wheel Drive,
Rear Wheel Drive), EV Type (Battery Electric Vehicle and Hybrid
Electric Vehicle), Clutch Actuation Type (Hydraulic and Electronic)
and Region (Asia Pacific,
Europe, North America, and RoW). - Global Forecast to
2025
Reasons to Buy the Report:
The report provides insights with reference to the following
points:
• Market Development: The report provides comprehensive information
about lucrative emerging markets. The report analyzes the torque
vectoring market for automotive across regions.
• Product Development/Innovation: The report offers detailed
insights into R&D activities, upcoming technologies, and new
product launches in the torque vectoring market for automotive.
• Market Diversification: The report provides detailed information
about untapped markets, investments, new products, and recent
developments in the torque vectoring market for automotive.
• Competitive Assessment: The report provides an in-depth
assessment of strategies, products, and manufacturing capabilities
of leading players in the torque vectoring market for
automotive.
Read the full report: https://www.reportlinker.com/p05593704
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