The torque vectoring market report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Torque vectoring refers to the force that is produced in the car’s engine, which is evenly distributed among the wheels or axle to provide efficient control to the driver as well as to improve the driving experience of a car. This improves the car tire grip on the road, which prevents skidding and provides better control over the car at sharp corners. Moreover, there are different types of torque vectoring available that have very distinct characteristics and are highly dependent on the type of the vehicle.
Leading Key Players:
The key market players analyzed in the global torque vectoring market report include, Friedrichshafen AG, Univance Corporation, Eaton Corporation, American Axle & Manufacturing, Inc., ZF BorgWarner, Dana Incorporated, Bosch Ltd, GKN Automotive Limited, jtekt corporation, Continental AG. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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One of the factors driving global torque vectoring market is the technological advancement by OEMs and other players operating in the value chain ecosystem. These OEMs players are major components/hardware providers, solutions, and services players. They rigorously emphasize on achieving optimal handling and independent left/right power distribution & torque to satisfy different driving environments. For instance, , Hyundai engineers are currently developing their in-house torque vectoring control software that works like a virtual limited slip differential.
Regional Analysis:
By region, North America held the major share in 2021, garnering nearly two-fifths of the global torque vectoring market revenue. However, the Asia-Pacific region would showcase the fastest CAGR of 17.4% throughout the forecast period. The other provinces studied through the report include Europe, and LAMEA.
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.
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.
