Canada Torque Vectoring Market to 2032
Overview
The Canada Torque Vectoring Market is expected to reach a 3,528.93 USD Million by 2032 and is projected to grow at a CAGR of 25.01% from 2025 to 2032.
Revenue, 2024 (USD Million)
980.45
Forecast, 2032 (USD Million)
3,528.93
CAGR, 2024 - 2032
25.01%
Report Coverage
Canada
Canada Torque Vectoring Market 2018-2032 USD Million
Canada Torque Vectoring Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 980.45 USD Million
- Projected Market Size (2032): 3,528.93 USD Million
- CAGR (2025-2032): 25.01%
Key Findings of Canada Torque Vectoring Market
- The Canada Torque Vectoring Market was valued at 980.45 USD Million in 2024.
- The Canada Torque Vectoring Market is likely to grow at a CAGR of 25.01% 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 731.86 USD Million
- The fastest growing segment Electric Vehicle in Propulsion Type Segment grew Fastest with a CAGR of 26.17% during the forecast period from 2024 to 2032.
Canada Torque Vectoring Market Scope
Canada Torque Vectoring Market Segmentation & Scope
Vehicle Type
- Off Road Vehicle
- Commercial Vehicles
- Commercial Vehicles
- Passenger Cars
- Passenger Cars
Component
- Services
- Hardware
Technology
- Passive Torque Vectoring Systems (PTVS)
- Active Torque Vectoring Systems (ATVS)
Clutch Actuation Type
- Hydraulic
- Electric
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Front-Wheel Drive (FWD)
Propulsion Type
- Electric Vehicle
- Diesel/Petrol/CNG
Canada Torque Vectoring Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 980.45 USD Million |
| Market Value in 2032 | 3,528.93 USD Million |
| CAGR (2025-2032) | 25.01% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Component,Technology,Clutch Actuation Type,Driving Wheel Type,Propulsion Type |
Regional Insights:
-
Leading Market (2024-2032): Canada, leading in terms of revenue 980.45 USD Million in 2024
- Key Country: Canada, leading in terms of revenue with value of 980.45 USD Million in 2024.
Segments and Scope
-
Canada Torque Vectoring Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Canada Torque Vectoring Market to 2032 with a revenue of 612.91 USD Million in the year 2024.
- Passenger Cars is the Fastest growing segment in Canada Torque Vectoring Market to 2032 with a Growth rate of 25.43 % in forecast period 2025-2032.
-
Canada Torque Vectoring Market to 2032, By Component
- Hardware is the largest segment in Canada Torque Vectoring Market to 2032 with a revenue of 731.86 USD Million in the year 2024.
- Hardware is the Fastest growing segment in Canada Torque Vectoring Market to 2032 with a Growth rate of 25.28 % in forecast period 2025-2032.
-
Canada Torque Vectoring Market to 2032, By Technology
- Active Torque Vectoring Systems (ATVS) is the largest segment in Canada Torque Vectoring Market to 2032 with a revenue of 597.98 USD Million in the year 2024.
- Active Torque Vectoring Systems (ATVS) is the Fastest growing segment in Canada Torque Vectoring Market to 2032 with a Growth rate of 25.69 % in forecast period 2025-2032.
-
Canada Torque Vectoring Market to 2032, By Clutch Actuation Type
- Electric is the largest segment in Canada Torque Vectoring Market to 2032 with a revenue of 594.24 USD Million in the year 2024.
- Electric is the Fastest growing segment in Canada Torque Vectoring Market to 2032 with a Growth rate of 25.43 % in forecast period 2025-2032.
-
Canada Torque Vectoring Market to 2032, By Driving Wheel Type
- Front-Wheel Drive (FWD) is the largest segment in Canada Torque Vectoring Market to 2032 with a revenue of 508.56 USD Million in the year 2024.
- Front-Wheel Drive (FWD) is the Fastest growing segment in Canada Torque Vectoring Market to 2032 with a Growth rate of 25.53 % in forecast period 2025-2032.
-
Canada Torque Vectoring Market to 2032, By Propulsion Type
- Diesel/Petrol/CNG is the largest segment in Canada Torque Vectoring Market to 2032 with a revenue of 697.54 USD Million in the year 2024.
- Electric Vehicle is the Fastest growing segment in Canada Torque Vectoring Market to 2032 with a Growth rate of 24.54 % in forecast period 2025-2032.
Canada Torque Vectoring Market Company Share Analysis
| Company Name |
|
||
| JTEKT Corporation | |||
| Schaeffler AG | |||
| BorgWarner Inc. | |||
| American Axle & Manufacturing, Inc. | |||
| GKN Automotive Limited | |||
Canada Torque Vectoring Market Geographical Sales Distribution, 2018-2032 USD Million
Canada Torque Vectoring Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Canada Torque Vectoring Market is segmented based on Segmentation Vehicle Type,Component,Technology,Clutch Actuation Type,Driving Wheel Type,Propulsion Type.
Canada Torque Vectoring Market was valued at USD 980.45(Revenue in USD Million) in 2021.
Canada Torque Vectoring Market is projected to grow at a CAGR of 25.01% during the forecast period of 2024 to 2032.
The Hardware segment is expected to dominate the Canada Torque Vectoring Market, holding a largest market share of 731.86 USD Million in 2024
Canada Torque Vectoring Market Scope
Canada Torque Vectoring Market Segmentation & Scope
Vehicle Type
- Off Road Vehicle
- Commercial Vehicles
- Commercial Vehicles
- Passenger Cars
- Passenger Cars
Component
- Services
- Hardware
Technology
- Passive Torque Vectoring Systems (PTVS)
- Active Torque Vectoring Systems (ATVS)
Clutch Actuation Type
- Hydraulic
- Electric
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Front-Wheel Drive (FWD)
Propulsion Type
- Electric Vehicle
- Diesel/Petrol/CNG
Frequently Asked Questions
The Canada Torque Vectoring Market is segmented based on Segmentation Vehicle Type,Component,Technology,Clutch Actuation Type,Driving Wheel Type,Propulsion Type.
Canada Torque Vectoring Market was valued at USD 980.45(Revenue in USD Million) in 2021.
Canada Torque Vectoring Market is projected to grow at a CAGR of 25.01% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Torque Vectoring Market for final year is USD 3,528.93 (USD Million).
Canada Torque Vectoring Market Company Profiling
Frequently Asked Questions
The Canada Torque Vectoring Market is segmented based on Segmentation Vehicle Type,Component,Technology,Clutch Actuation Type,Driving Wheel Type,Propulsion Type.
Canada Torque Vectoring Market was valued at USD 980.45(Revenue in USD Million) in 2021.
Canada Torque Vectoring Market is projected to grow at a CAGR of 25.01% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Torque Vectoring Market for final year is USD 3,528.93 (USD Million).
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.