Philippines Torque Vectoring Market to 2032
Overview
The Philippines Torque Vectoring Market is expected to reach a 61.32 USD Million by 2032 and is projected to grow at a CAGR of 20.11% from 2025 to 2032.
Revenue, 2024 (USD Million)
21.31
Forecast, 2032 (USD Million)
61.32
CAGR, 2024 - 2032
20.11%
Report Coverage
Philippines
Philippines Torque Vectoring Market 2018-2032 USD Million
Philippines Torque Vectoring Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 21.31 USD Million
- Projected Market Size (2032): 61.32 USD Million
- CAGR (2025-2032): 20.11%
Key Findings of Philippines Torque Vectoring Market
- The Philippines Torque Vectoring Market was valued at 21.31 USD Million in 2024.
- The Philippines Torque Vectoring Market is likely to grow at a CAGR of 20.11% 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 15.56 USD Million
- The fastest growing segment Electric Vehicle in Propulsion Type Segment grew Fastest with a CAGR of 21.57% during the forecast period from 2024 to 2032.
Philippines Torque Vectoring Market Scope
Philippines Torque Vectoring Market Segmentation & Scope
Propulsion Type
- Electric Vehicle
- Diesel/Petrol/CNG
Vehicle Type
- Off Road Vehicle
- Commercial Vehicles
- Commercial Vehicles
- Passenger Cars
- Passenger Cars
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Front-Wheel Drive (FWD)
Component
- Services
- Hardware
Technology
- Passive Torque Vectoring Systems (PTVS)
- Active Torque Vectoring Systems (ATVS)
Clutch Actuation Type
- Hydraulic
- Electric
Philippines Torque Vectoring Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 21.31 USD Million |
| Market Value in 2032 | 61.32 USD Million |
| CAGR (2025-2032) | 20.11% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Propulsion Type,Vehicle Type,Driving Wheel Type,Component,Technology,Clutch Actuation Type |
Regional Insights:
-
Leading Market (2024-2032): Philippines, leading in terms of revenue 21.31 USD Million in 2024
- Key Country: Philippines, leading in terms of revenue with value of 21.31 USD Million in 2024.
Segments and Scope
-
Philippines Torque Vectoring Market to 2032, By Propulsion Type
- Diesel/Petrol/CNG is the largest segment in Philippines Torque Vectoring Market to 2032 with a revenue of 15.56 USD Million in the year 2024.
- Electric Vehicle is the Fastest growing segment in Philippines Torque Vectoring Market to 2032 with a Growth rate of 19.57 % in forecast period 2025-2032.
-
Philippines Torque Vectoring Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Philippines Torque Vectoring Market to 2032 with a revenue of 13.69 USD Million in the year 2024.
- Passenger Cars is the Fastest growing segment in Philippines Torque Vectoring Market to 2032 with a Growth rate of 20.21 % in forecast period 2025-2032.
-
Philippines Torque Vectoring Market to 2032, By Driving Wheel Type
- Front-Wheel Drive (FWD) is the largest segment in Philippines Torque Vectoring Market to 2032 with a revenue of 10.56 USD Million in the year 2024.
- Front-Wheel Drive (FWD) is the Fastest growing segment in Philippines Torque Vectoring Market to 2032 with a Growth rate of 20.46 % in forecast period 2025-2032.
-
Philippines Torque Vectoring Market to 2032, By Component
- Hardware is the largest segment in Philippines Torque Vectoring Market to 2032 with a revenue of 15.05 USD Million in the year 2024.
- Hardware is the Fastest growing segment in Philippines Torque Vectoring Market to 2032 with a Growth rate of 20.53 % in forecast period 2025-2032.
-
Philippines Torque Vectoring Market to 2032, By Technology
- Active Torque Vectoring Systems (ATVS) is the largest segment in Philippines Torque Vectoring Market to 2032 with a revenue of 12.36 USD Million in the year 2024.
- Active Torque Vectoring Systems (ATVS) is the Fastest growing segment in Philippines Torque Vectoring Market to 2032 with a Growth rate of 20.36 % in forecast period 2025-2032.
-
Philippines Torque Vectoring Market to 2032, By Clutch Actuation Type
- Electric is the largest segment in Philippines Torque Vectoring Market to 2032 with a revenue of 12.46 USD Million in the year 2024.
- Electric is the Fastest growing segment in Philippines Torque Vectoring Market to 2032 with a Growth rate of 20.53 % in forecast period 2025-2032.
Philippines Torque Vectoring Market Company Share Analysis
| Company Name |
|
||
| JTEKT Corporation | |||
| Schaeffler AG | |||
| BorgWarner Inc. | |||
| American Axle & Manufacturing, Inc. | |||
| GKN Automotive Limited | |||
Philippines Torque Vectoring Market Geographical Sales Distribution, 2018-2032 USD Million
Philippines Torque Vectoring Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Philippines Torque Vectoring Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Driving Wheel Type,Component,Technology,Clutch Actuation Type.
Philippines Torque Vectoring Market was valued at USD 21.31(Revenue in USD Million) in 2021.
Philippines Torque Vectoring Market is projected to grow at a CAGR of 20.11% during the forecast period of 2024 to 2032.
The Diesel/Petrol/CNG segment is expected to dominate the Philippines Torque Vectoring Market, holding a largest market share of 15.56 USD Million in 2024
Philippines Torque Vectoring Market Scope
Philippines Torque Vectoring Market Segmentation & Scope
Propulsion Type
- Electric Vehicle
- Diesel/Petrol/CNG
Vehicle Type
- Off Road Vehicle
- Commercial Vehicles
- Commercial Vehicles
- Passenger Cars
- Passenger Cars
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Front-Wheel Drive (FWD)
Component
- Services
- Hardware
Technology
- Passive Torque Vectoring Systems (PTVS)
- Active Torque Vectoring Systems (ATVS)
Clutch Actuation Type
- Hydraulic
- Electric
Frequently Asked Questions
The Philippines Torque Vectoring Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Driving Wheel Type,Component,Technology,Clutch Actuation Type.
Philippines Torque Vectoring Market was valued at USD 21.31(Revenue in USD Million) in 2021.
Philippines Torque Vectoring Market is projected to grow at a CAGR of 20.11% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Torque Vectoring Market for final year is USD 61.32 (USD Million).
Philippines Torque Vectoring Market Company Profiling
Frequently Asked Questions
The Philippines Torque Vectoring Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Driving Wheel Type,Component,Technology,Clutch Actuation Type.
Philippines Torque Vectoring Market was valued at USD 21.31(Revenue in USD Million) in 2021.
Philippines Torque Vectoring Market is projected to grow at a CAGR of 20.11% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Torque Vectoring Market for final year is USD 61.32 (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.