Belgium Torque Vectoring Market to 2032
Overview
The Belgium Torque Vectoring Market is expected to reach a 104.28 USD Million by 2032 and is projected to grow at a CAGR of 21.14% from 2025 to 2032.
Revenue, 2024 (USD Million)
34.54
Forecast, 2032 (USD Million)
104.28
CAGR, 2024 - 2032
21.14%
Report Coverage
Belgium
Belgium Torque Vectoring Market 2018-2032 USD Million
Belgium Torque Vectoring Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 34.54 USD Million
- Projected Market Size (2032): 104.28 USD Million
- CAGR (2025-2032): 21.14%
Key Findings of Belgium Torque Vectoring Market
- The Belgium Torque Vectoring Market was valued at 34.54 USD Million in 2024.
- The Belgium Torque Vectoring Market is likely to grow at a CAGR of 21.14% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Hardware in Component Segment accounted for the largest share of the market with a revenue of 25.14 USD Million
- The fastest growing segment Electric Vehicle in Propulsion Type Segment grew Fastest with a CAGR of 22.27% during the forecast period from 2024 to 2032.
Belgium Torque Vectoring Market Scope
Belgium Torque Vectoring Market Segmentation & Scope
Vehicle Type
- Off Road Vehicle
- Commercial Vehicles
- Commercial Vehicles
- Passenger Cars
- Passenger Cars
Propulsion Type
- Electric Vehicle
- Diesel/Petrol/CNG
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Front-Wheel Drive (FWD)
Clutch Actuation Type
- Hydraulic
- Electric
Technology
- Passive Torque Vectoring Systems (PTVS)
- Active Torque Vectoring Systems (ATVS)
Component
- Services
- Hardware
Belgium Torque Vectoring Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 34.54 USD Million |
| Market Value in 2032 | 104.28 USD Million |
| CAGR (2025-2032) | 21.14% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Propulsion Type,Driving Wheel Type,Clutch Actuation Type,Technology,Component |
Regional Insights:
-
Leading Market (2024-2032): Belgium, leading in terms of revenue 34.54 USD Million in 2024
- Key Country: Belgium, leading in terms of revenue with value of 34.54 USD Million in 2024.
Segments and Scope
-
Belgium Torque Vectoring Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Belgium Torque Vectoring Market to 2032 with a revenue of 22.32 USD Million in the year 2024.
- Passenger Cars is the Fastest growing segment in Belgium Torque Vectoring Market to 2032 with a Growth rate of 21.51 % in forecast period 2025-2032.
-
Belgium Torque Vectoring Market to 2032, By Propulsion Type
- Diesel/Petrol/CNG is the largest segment in Belgium Torque Vectoring Market to 2032 with a revenue of 24.57 USD Million in the year 2024.
- Electric Vehicle is the Fastest growing segment in Belgium Torque Vectoring Market to 2032 with a Growth rate of 20.68 % in forecast period 2025-2032.
-
Belgium Torque Vectoring Market to 2032, By Driving Wheel Type
- Front-Wheel Drive (FWD) is the largest segment in Belgium Torque Vectoring Market to 2032 with a revenue of 18.35 USD Million in the year 2024.
- Front-Wheel Drive (FWD) is the Fastest growing segment in Belgium Torque Vectoring Market to 2032 with a Growth rate of 21.62 % in forecast period 2025-2032.
-
Belgium Torque Vectoring Market to 2032, By Clutch Actuation Type
- Electric is the largest segment in Belgium Torque Vectoring Market to 2032 with a revenue of 20.76 USD Million in the year 2024.
- Electric is the Fastest growing segment in Belgium Torque Vectoring Market to 2032 with a Growth rate of 21.55 % in forecast period 2025-2032.
-
Belgium Torque Vectoring Market to 2032, By Technology
- Active Torque Vectoring Systems (ATVS) is the largest segment in Belgium Torque Vectoring Market to 2032 with a revenue of 21.20 USD Million in the year 2024.
- Active Torque Vectoring Systems (ATVS) is the Fastest growing segment in Belgium Torque Vectoring Market to 2032 with a Growth rate of 21.79 % in forecast period 2025-2032.
-
Belgium Torque Vectoring Market to 2032, By Component
- Hardware is the largest segment in Belgium Torque Vectoring Market to 2032 with a revenue of 25.14 USD Million in the year 2024.
- Hardware is the Fastest growing segment in Belgium Torque Vectoring Market to 2032 with a Growth rate of 21.50 % in forecast period 2025-2032.
Belgium Torque Vectoring Market Company Share Analysis
| Company Name |
|
||
| JTEKT Corporation | |||
| Schaeffler AG | |||
| BorgWarner Inc. | |||
| American Axle & Manufacturing, Inc. | |||
| GKN Automotive Limited | |||
Belgium Torque Vectoring Market Geographical Sales Distribution, 2018-2032 USD Million
Belgium Torque Vectoring Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Belgium Torque Vectoring Market is segmented based on Segmentation Vehicle Type,Propulsion Type,Driving Wheel Type,Clutch Actuation Type,Technology,Component.
Belgium Torque Vectoring Market was valued at USD 34.54(Revenue in USD Million) in 2021.
Belgium Torque Vectoring Market is projected to grow at a CAGR of 21.14% during the forecast period of 2024 to 2032.
The Hardware segment is expected to dominate the Belgium Torque Vectoring Market, holding a largest market share of 25.14 USD Million in 2024
Belgium Torque Vectoring Market Scope
Belgium Torque Vectoring Market Segmentation & Scope
Vehicle Type
- Off Road Vehicle
- Commercial Vehicles
- Commercial Vehicles
- Passenger Cars
- Passenger Cars
Propulsion Type
- Electric Vehicle
- Diesel/Petrol/CNG
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Front-Wheel Drive (FWD)
Clutch Actuation Type
- Hydraulic
- Electric
Technology
- Passive Torque Vectoring Systems (PTVS)
- Active Torque Vectoring Systems (ATVS)
Component
- Services
- Hardware
Frequently Asked Questions
The Belgium Torque Vectoring Market is segmented based on Segmentation Vehicle Type,Propulsion Type,Driving Wheel Type,Clutch Actuation Type,Technology,Component.
Belgium Torque Vectoring Market was valued at USD 34.54(Revenue in USD Million) in 2021.
Belgium Torque Vectoring Market is projected to grow at a CAGR of 21.14% during the forecast period of 2024 to 2032.
The estimated market value of the Belgium Torque Vectoring Market for final year is USD 104.28 (USD Million).
Belgium Torque Vectoring Market Company Profiling
Frequently Asked Questions
The Belgium Torque Vectoring Market is segmented based on Segmentation Vehicle Type,Propulsion Type,Driving Wheel Type,Clutch Actuation Type,Technology,Component.
Belgium Torque Vectoring Market was valued at USD 34.54(Revenue in USD Million) in 2021.
Belgium Torque Vectoring Market is projected to grow at a CAGR of 21.14% during the forecast period of 2024 to 2032.
The estimated market value of the Belgium Torque Vectoring Market for final year is USD 104.28 (USD Million).
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