Global Automotive Torque Vectoring Market – Industry Trends and Forecast to 2029

Global Automotive Torque Vectoring Market, By Vehicle Type (Passenger Car, Light Commercial Vehicle), Propulsion (Front Wheel Drive, Rear Wheel Drive, All Wheel Drive/Four Wheel Drive), Clutch Actuation Type (Hydraulic, Electronic), EV Type (BEV (Battery Electric Vehicle), HEV (Hybrid electric Vehicle)), Technology (Active Torque Vectoring System, Passive Torque Vectoring System) - Industry Trends and Forecast to 2029

Market Analysis and Size

Automotive torque vectoring has gained immense popularity in all-wheel drive vehicles. Emerging new front-wheel drive vehicles are coming up with rudimentary torque vectoring differential. Torque vectoring differentials are being incorporated in vehicles with technological advanced systems for better handling and launch.

Global Automotive Torque Vectoring Market was valued at USD 7.41 billion in 2021 and is expected to reach USD 18.88 billion by 2029, registering a CAGR of 12.40% during the forecast period of 2022-2029. Passenger Car accounts for the largest vehicle type segment in the respective market owing to the increased consumer preference for economic car options. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Torque vectoring is a technology employed in the automobile differentials. Differentials help to transfer engine torque to the wheels. Torque vectoring technology provides differential ability to vary torque to each wheel. This is the method of transferring power has been the most popular in all-wheel drive vehicle.

Report Scope and Market Segmentation

Automotive Torque Vectoring Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Increased Vehicle Production

The increase in the demand for high performance and reliability of automobiles among consumers acts as one of the major factor driving the growth of automotive torque vectoring market. The rise in demand for these enhanced vehicles escalate vehicle production.

• Increase in demand for luxury cars

The increase in the demand for high performance and reliability of automobiles among consumers amid surging disposable income accelerate the market growth. Modern luxury cars are equipped with the latest components such as airbags and towbars to be standalone for enhancing safety while driving.

• Government Initiatives

The surge in government initiatives towards automotive torque vectoring through publicity and promotions, or through implementation of regulations. These activities encourage customer to focus on robust safety systems that further expands the market.

Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the automotive torque vectoring market.

Opportunities

Furthermore, advent of concept cars and luxury electric vehicles and novel manufacturing processes extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, advancements in technology will further escalate the growth of tow bar market.

Restraints/Challenges faced by the Automotive Torque Vectoring Market

On the other hand, increase in mobility services and difficulty in developing fail-safe electronic and electrical components are expected to obstruct market growth. Also, Long production cycle of automotive vehicles is projected to challenge the automotive torque vectoring market in the forecast period of 2022-2029.

This automotive torque vectoring market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive torque vectoring market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

COVID-19 had a Major Impact on Automotive Torque Vectoring Market

The COVID-19 had a negative impact on the automotive torque vectoring market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for automotive torque vectoring system. The supply chain got hampered during the pandemic along with delay logistics activities. However, the automotive torque vectoring market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Global Automotive Torque Vectoring Market Scope

The automotive torque vectoring market is segmented on the basis of vehicle type, propulsion, clutch actuation type, EV type and technology. The growth amongst these segments will help you analyze meagre 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.

Vehicle Type

• Passenger Car
• Light Commercial Vehicle

Propulsion

• Front Wheel Drive
• Rear Wheel Drive
• All-Wheel Drive/Four Wheel Drive

Clutch Actuation Type

• Hydraulic
• Electronic

EV Type

• BEV (Battery Electric Vehicle)
• HEV (Hybrid electric Vehicle)

Technology

• Active Torque Vectoring System
• Passive Torque Vectoring System

Tow Bar Market Regional Analysis/Insights

The automotive torque vectoring market is analyzed and market size insights and trends are provided by country, vehicle type, propulsion, clutch actuation type, EV type and technology.

The countries covered in the automotive torque vectoring market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the automotive torque vectoring market because of the increase in preference for pickup trucks and SUVs, and availability of better leasing options within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the government incentives such as rural subsidies and tax breaks in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Torque Vectoring Market Share Analysis

The automotive 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, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive torque vectoring market.

Some of the major players operating in the automotive torque vectoring market are

• GKN Automotive (UK)
• Eaton. (Ireland)
• American Axle & Manufacturing, Inc. (US)
• Dana Limited. (US)
• BorgWarner Inc. (US)
• Linamar Corporation (Canada)
• Schaeffler (Germany)
• ZF Friedrichshafen AG (Germany)
• JTEKT Corporation. (Japan)
• Continental AG (Germany)
• Auburn Gear, LLC. (US)
• Neapco Holdings (US)
• Magna International Inc. (Canada)
• Drexler Automotive GmbH (Germany)
• RT Quaife Engineering Ltd. (UK)
• Xtrac Ltd (UK)
• NSK Ltd. (Japan)
• Bharat Gears Ltd. (India)
• CUSCO Japan co.,ltd. (US)