South Korea Torque Vectoring Market to 2032
Overview
The South Korea Torque Vectoring Market is expected to reach a 973.16 USD Million by 2032 and is projected to grow at a CAGR of 25.20% from 2025 to 2032.
Revenue, 2024 (USD Million)
267.99
Forecast, 2032 (USD Million)
973.16
CAGR, 2024 - 2032
25.20%
Report Coverage
South Korea
South Korea Torque Vectoring Market 2018-2032 USD Million
South Korea Torque Vectoring Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 267.99 USD Million
- Projected Market Size (2032): 973.16 USD Million
- CAGR (2025-2032): 25.20%
Key Findings of South Korea Torque Vectoring Market
- The South Korea Torque Vectoring Market was valued at 267.99 USD Million in 2024.
- The South Korea Torque Vectoring Market is likely to grow at a CAGR of 25.20% 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 195.69 USD Million
- The fastest growing segment Electric Vehicle in Propulsion Type Segment grew Fastest with a CAGR of 26.72% during the forecast period from 2024 to 2032.
South Korea Torque Vectoring Market Scope
South Korea 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
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)
South Korea Torque Vectoring Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 267.99 USD Million |
| Market Value in 2032 | 973.16 USD Million |
| CAGR (2025-2032) | 25.20% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Propulsion Type,Vehicle Type,Component,Technology,Clutch Actuation Type,Driving Wheel Type |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 267.99 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 267.99 USD Million in 2024.
Segments and Scope
-
South Korea Torque Vectoring Market to 2032, By Propulsion Type
- Diesel/Petrol/CNG is the largest segment in South Korea Torque Vectoring Market to 2032 with a revenue of 195.69 USD Million in the year 2024.
- Electric Vehicle is the Fastest growing segment in South Korea Torque Vectoring Market to 2032 with a Growth rate of 24.64 % in forecast period 2025-2032.
-
South Korea Torque Vectoring Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in South Korea Torque Vectoring Market to 2032 with a revenue of 173.77 USD Million in the year 2024.
- Passenger Cars is the Fastest growing segment in South Korea Torque Vectoring Market to 2032 with a Growth rate of 25.83 % in forecast period 2025-2032.
-
South Korea Torque Vectoring Market to 2032, By Component
- Hardware is the largest segment in South Korea Torque Vectoring Market to 2032 with a revenue of 189.38 USD Million in the year 2024.
- Hardware is the Fastest growing segment in South Korea Torque Vectoring Market to 2032 with a Growth rate of 25.61 % in forecast period 2025-2032.
-
South Korea Torque Vectoring Market to 2032, By Technology
- Active Torque Vectoring Systems (ATVS) is the largest segment in South Korea Torque Vectoring Market to 2032 with a revenue of 157.46 USD Million in the year 2024.
- Active Torque Vectoring Systems (ATVS) is the Fastest growing segment in South Korea Torque Vectoring Market to 2032 with a Growth rate of 26.20 % in forecast period 2025-2032.
-
South Korea Torque Vectoring Market to 2032, By Clutch Actuation Type
- Electric is the largest segment in South Korea Torque Vectoring Market to 2032 with a revenue of 157.75 USD Million in the year 2024.
- Electric is the Fastest growing segment in South Korea Torque Vectoring Market to 2032 with a Growth rate of 26.02 % in forecast period 2025-2032.
-
South Korea Torque Vectoring Market to 2032, By Driving Wheel Type
- Front-Wheel Drive (FWD) is the largest segment in South Korea Torque Vectoring Market to 2032 with a revenue of 134.28 USD Million in the year 2024.
- Front-Wheel Drive (FWD) is the Fastest growing segment in South Korea Torque Vectoring Market to 2032 with a Growth rate of 26.18 % in forecast period 2025-2032.
South Korea Torque Vectoring Market Company Share Analysis
| Company Name |
|
||
| JTEKT Corporation | |||
| Schaeffler AG | |||
| BorgWarner Inc. | |||
| American Axle & Manufacturing, Inc. | |||
| GKN Automotive Limited | |||
South Korea Torque Vectoring Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Torque Vectoring Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Torque Vectoring Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Component,Technology,Clutch Actuation Type,Driving Wheel Type.
South Korea Torque Vectoring Market was valued at USD 267.99(Revenue in USD Million) in 2021.
South Korea Torque Vectoring Market is projected to grow at a CAGR of 25.20% during the forecast period of 2024 to 2032.
The Diesel/Petrol/CNG segment is expected to dominate the South Korea Torque Vectoring Market, holding a largest market share of 195.69 USD Million in 2024
South Korea Torque Vectoring Market Scope
South Korea 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
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)
Frequently Asked Questions
The South Korea Torque Vectoring Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Component,Technology,Clutch Actuation Type,Driving Wheel Type.
South Korea Torque Vectoring Market was valued at USD 267.99(Revenue in USD Million) in 2021.
South Korea Torque Vectoring Market is projected to grow at a CAGR of 25.20% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Torque Vectoring Market for final year is USD 973.16 (USD Million).
South Korea Torque Vectoring Market Company Profiling
Frequently Asked Questions
The South Korea Torque Vectoring Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Component,Technology,Clutch Actuation Type,Driving Wheel Type.
South Korea Torque Vectoring Market was valued at USD 267.99(Revenue in USD Million) in 2021.
South Korea Torque Vectoring Market is projected to grow at a CAGR of 25.20% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Torque Vectoring Market for final year is USD 973.16 (USD Million).
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