Europe Torque Vectoring Market – Industry Trends and Forecast to 2029

Market Analysis and Insights

Torque vectoring solutions are most important and crucial systems which ensure safety and help in improving the car’s performance. These systems basically provide or distribute torque between the wheels which allows the vehicle to effectively turn over a bend or curve. Torque vectoring is a holistic, predictive approach to vehicle dynamics using a combination of hardware and electronic systems. The Global torque vectoring market is growing rapidly due to emergence of EVS & and its torque vectoring system. The companies are even launching new products to gain a larger market share. 

Increase in population, rapid urbanization and industrialization has propositional impact on the growth and adoption of torque vectoring, as in recent torque vectoring systems are widely used in improving vehicle dynamics and safety features. Data Bridge Market Research analyses that the torque vectoring market will grow at a CAGR of 17.4% during the forecast period of 2022 to 2029.

Market Definition

Torque vectoring solutions are most important and crucial systems which ensure the safety and help in improving the car’s performance. These systems basically provide or distribute torque between the wheels which allows the vehicle to effectively turn over a bend or curve. Torque vectoring is a holistic, predictive approach to vehicle dynamics using a combination of hardware and electronic systems. It provides the most suitable distribution of torque to a wheel at any point based on the driver’s intentions and the driving conditions. There are basically two types of torque vectoring techniques which are prominently used, one is brake-based torque vectoring and the other one is electric-based torque vectoring. 

Torque Vectoring Market Dynamics

Drivers

• Increase in population & rapid urbanization

Rapid urbanization, population, emergence of mobility as a service (MaaS) technologies and change in consumer behaviour pattern is forcing the major players to offer subscription based services for consumer to gain market advantage.

• Emergence of EV’s and its torque vectoring system

In recent times, automotive industry has been showing enormous growth over the years owing to the rising demand for luxurious electric vehicles. All-electric vehicles (EVs) are referred to as battery electric vehicles which use a battery to store the electrical energy that powers the vehicles

• Intelligent torque vectoring approach for ADAS vehicles

Advanced driver-assistance systems (ADAS) is an electronic systems implanted in automobiles for the assistance of driving vehicles or self-driving cars. This system uses sensors such as radars, cameras for analysis and takes automatic action based on the surroundings of the vehicle

• Upsurge in demand for luxury and performance vehicles

The concept of connected vehicles with advanced safety features and telematics is possible due to the advancement in the technology. Technologies such as AI, big data, advanced network connectivity and IoT. Moreover, torque vectoring is a computer driven control system that controls power car’s engine or motors can generated and send to each individual wheel based on the data available on the performance.

Opportunity

• Heaving adoption of torque vectoring system in off-road vehicles

An off-highway vehicle (OHV) or an off road vehicle is a type of vehicle designed specifically for off-road use basically in rough terrains. These vehicles are specifically developed for consumers whom prefer off road vehicles for accessibility in their area of residence or for recreational purpose.

Restraint/Challenge

However, high carbon footprint of automotive sector will force government bodies to take strict government actions and regulation to control emission level which may reduce the torque vectoring solutions adoption. Moreover, limited supply for vehicles due semiconductor chip and controller’s shortage has a direct correlation with the sales and availability of new torque vectoring systems.

Covid-19 Impact on Torque Vectoring Market

The COVID-19 has negatively affected the market. As torque vectoring systems were on high demand companies such JTEKT Corporation, Magna International Inc., Robert Bosch GmbH,  Protean and others in Europe face absolute difficulty in providing advanced systems for new vehicles and old vehicles due to shortage of semiconductor control chips and controllers, this was due to strict regulations were imposed by government. Moreover limited supply of semiconductor chips and gadgets has significantly affected the supply of vehicles in the market.

Recent Development

• In March 2022, Prodrive Holdings Limited launched world’s first all-terrain Hyper Car. The keay feature of this car launch was its 600 bhp four-wheel drive all-terrain adventure vehicle with an unrivalled ability and performance across any landscape. Through this company expanded its market by offering innovative solution for its consumer.

Europe Torque Vectoring Market Scope

The torque vectoring market is segmented on the basis of component, technology, clutch actuation type, driving wheel type, vehicle type, propulsion type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Hardware
• Services

On the basis of component, Europe torque vectoring market has been segmented into hardware, and services.

Technology

• Active Torque Vectoring System (ATVS)
• Passive Torque Vectoring System (PTVS)

On the basis of technology, Europe torque vectoring market has been segmented into active torque vectoring system (ATVS), and passive torque vectoring system (PTVS).

Clutch Actuation Type

• Electric
• Hydraulic

On the basis of clutch actuation type, Europe torque vectoring market has been segmented into electric, and hydraulic.

Driving Wheel Type

• Rear-Wheel Drive (RWD)
• Front-Wheel Drive (FWD)
• All-Wheel Drive/Four-Wheel Drive (AWD/4WD)

On the basis of driving wheel type, Europe torque vectoring market has been segmented into rear-wheel drive (RWD), front-wheel drive (FWD), and all-wheel drive/four-wheel drive (AWD/4WD).

Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Off Road Vehicle

On the basis of vehicle type, Europe torque vectoring market has been segmented into passenger cars, commercial vehicles, and off road vehicle.

Propulsion Type

• Diesel/Petrol/CNG
• Electric Vehicle

On the basis of propulsion type, Europe torque vectoring market has been segmented into diesel/petrol/CNG and electric vehicle.

Europe Torque Vectoring Market Regional Analysis/Insights

The torque vectoring market is analysed and market size insights and trends are provided by country, component, technology, clutch actuation type, driving wheel type, vehicle type, and propulsion type as referenced above. Europe market is further segmented into Germany, Spain, France, Russia, Turkey, Czech Republic, U.K., Italy, Poland, Romania, Hungary, Belgium, Sweden, Netherlands, Finland, Belarus, Switzerland, Rest of Europe.

Germany is expected to dominate in Europe, due to the need of torque vectoring market as it is has major manufacturers and high demands.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Torque Vectoring Market Share Analysis

The torque vectoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, solution launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to torque vectoring market.

Some of the major players operating in the torque vectoring market are Continental AG, Schaeffler AG, Robert Bosch GmbH, GKN Automotive Limited, ZF Friedrichshafen AG, BorgWarner Inc., Eaton, Magna International Inc., Dana Limited among others.

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