Hungary Torque Vectoring Market to 2032
Overview
The Hungary Torque Vectoring Market is expected to reach a 186.30 USD Million by 2032 and is projected to grow at a CAGR of 21.57% from 2025 to 2032.
Revenue, 2024 (USD Million)
60.51
Forecast, 2032 (USD Million)
186.30
CAGR, 2024 - 2032
21.57%
Report Coverage
Hungary
Hungary Torque Vectoring Market 2018-2032 USD Million
Hungary Torque Vectoring Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 60.51 USD Million
- Projected Market Size (2032): 186.30 USD Million
- CAGR (2025-2032): 21.57%
Key Findings of Hungary Torque Vectoring Market
- The Hungary Torque Vectoring Market was valued at 60.51 USD Million in 2024.
- The Hungary Torque Vectoring Market is likely to grow at a CAGR of 21.57% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Diesel/Petrol/CNG in Propulsion Type Segment accounted for the largest share of the market with a revenue of 44.28 USD Million
- The fastest growing segment Electric Vehicle in Propulsion Type Segment grew Fastest with a CAGR of 22.70% during the forecast period from 2024 to 2032.
Hungary Torque Vectoring Market Scope
Hungary 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
Clutch Actuation Type
- Hydraulic
- Electric
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Front-Wheel Drive (FWD)
Technology
- Passive Torque Vectoring Systems (PTVS)
- Active Torque Vectoring Systems (ATVS)
Component
- Services
- Hardware
Hungary Torque Vectoring Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 60.51 USD Million |
| Market Value in 2032 | 186.30 USD Million |
| CAGR (2025-2032) | 21.57% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Propulsion Type,Clutch Actuation Type,Driving Wheel Type,Technology,Component |
Regional Insights:
-
Leading Market (2024-2032): Hungary, leading in terms of revenue 60.51 USD Million in 2024
- Key Country: Hungary, leading in terms of revenue with value of 60.51 USD Million in 2024.
Segments and Scope
-
Hungary Torque Vectoring Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Hungary Torque Vectoring Market to 2032 with a revenue of 39.10 USD Million in the year 2024.
- Passenger Cars is the Fastest growing segment in Hungary Torque Vectoring Market to 2032 with a Growth rate of 21.93 % in forecast period 2025-2032.
-
Hungary Torque Vectoring Market to 2032, By Propulsion Type
- Diesel/Petrol/CNG is the largest segment in Hungary Torque Vectoring Market to 2032 with a revenue of 44.28 USD Million in the year 2024.
- Electric Vehicle is the Fastest growing segment in Hungary Torque Vectoring Market to 2032 with a Growth rate of 21.15 % in forecast period 2025-2032.
-
Hungary Torque Vectoring Market to 2032, By Clutch Actuation Type
- Electric is the largest segment in Hungary Torque Vectoring Market to 2032 with a revenue of 36.37 USD Million in the year 2024.
- Electric is the Fastest growing segment in Hungary Torque Vectoring Market to 2032 with a Growth rate of 21.98 % in forecast period 2025-2032.
-
Hungary Torque Vectoring Market to 2032, By Driving Wheel Type
- Front-Wheel Drive (FWD) is the largest segment in Hungary Torque Vectoring Market to 2032 with a revenue of 32.15 USD Million in the year 2024.
- Front-Wheel Drive (FWD) is the Fastest growing segment in Hungary Torque Vectoring Market to 2032 with a Growth rate of 22.05 % in forecast period 2025-2032.
-
Hungary Torque Vectoring Market to 2032, By Technology
- Active Torque Vectoring Systems (ATVS) is the largest segment in Hungary Torque Vectoring Market to 2032 with a revenue of 37.14 USD Million in the year 2024.
- Active Torque Vectoring Systems (ATVS) is the Fastest growing segment in Hungary Torque Vectoring Market to 2032 with a Growth rate of 22.22 % in forecast period 2025-2032.
-
Hungary Torque Vectoring Market to 2032, By Component
- Hardware is the largest segment in Hungary Torque Vectoring Market to 2032 with a revenue of 44.05 USD Million in the year 2024.
- Hardware is the Fastest growing segment in Hungary Torque Vectoring Market to 2032 with a Growth rate of 21.92 % in forecast period 2025-2032.
Hungary Torque Vectoring Market Company Share Analysis
| Company Name |
|
||
| JTEKT Corporation | |||
| Schaeffler AG | |||
| BorgWarner Inc. | |||
| American Axle & Manufacturing, Inc. | |||
| GKN Automotive Limited | |||
Hungary Torque Vectoring Market Geographical Sales Distribution, 2018-2032 USD Million
Hungary Torque Vectoring Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Hungary Torque Vectoring Market is segmented based on Segmentation Vehicle Type,Propulsion Type,Clutch Actuation Type,Driving Wheel Type,Technology,Component.
Hungary Torque Vectoring Market was valued at USD 60.51(Revenue in USD Million) in 2021.
Hungary Torque Vectoring Market is projected to grow at a CAGR of 21.57% during the forecast period of 2024 to 2032.
The Diesel/Petrol/CNG segment is expected to dominate the Hungary Torque Vectoring Market, holding a largest market share of 44.28 USD Million in 2024
Hungary Torque Vectoring Market Scope
Hungary 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
Clutch Actuation Type
- Hydraulic
- Electric
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Front-Wheel Drive (FWD)
Technology
- Passive Torque Vectoring Systems (PTVS)
- Active Torque Vectoring Systems (ATVS)
Component
- Services
- Hardware
Frequently Asked Questions
The Hungary Torque Vectoring Market is segmented based on Segmentation Vehicle Type,Propulsion Type,Clutch Actuation Type,Driving Wheel Type,Technology,Component.
Hungary Torque Vectoring Market was valued at USD 60.51(Revenue in USD Million) in 2021.
Hungary Torque Vectoring Market is projected to grow at a CAGR of 21.57% during the forecast period of 2024 to 2032.
The estimated market value of the Hungary Torque Vectoring Market for final year is USD 186.30 (USD Million).
Hungary Torque Vectoring Market Company Profiling
Frequently Asked Questions
The Hungary Torque Vectoring Market is segmented based on Segmentation Vehicle Type,Propulsion Type,Clutch Actuation Type,Driving Wheel Type,Technology,Component.
Hungary Torque Vectoring Market was valued at USD 60.51(Revenue in USD Million) in 2021.
Hungary Torque Vectoring Market is projected to grow at a CAGR of 21.57% during the forecast period of 2024 to 2032.
The estimated market value of the Hungary Torque Vectoring Market for final year is USD 186.30 (USD Million).
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