Global Torque Converter Market By Transmission Type (Automatic Transmission, Continuously Variable Transmission, Dual-Clutch Transmission), Component (Clutch Plate, Damper, Impeller, Stator, Turbine), Vehicle Type (Passenger Car, Commercial Vehicle), Hybrid Vehicle Type (Hybrid Electric Vehicle, Plug-In Electric Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Global Torque converter Market is expected to reach USD 10.85 billion by 2027 witnessing market growth at a rate of 4.7% in the forecast period of 2020 to 2027. Data Bridge Market Research report on global torque converter market provides analysis and insights regarding the leading current market analysis scenario, upcoming as well as future opportunities and competitors.
Torque converter is a device used as a link between the engine and the transmission, and allows a vehicle engine to rotate separately from the transmission to reduce mechanical efforts of the vehicle. It also helps in achieving different speeds automatically. The main components which are used in torque converter are transmission fluid pump, turbine and stator. The torque converter works quietly and provides fuel efficiency by reducing gear lag which occurs in manual gear changing.
The demand for hybrid electric vehicle is increasing, due to which the market of torque converter will increase in the forecast period. Also, in automotive sector, there is rise in demand of the vehicle with automatic transmission systems fitted with torque converter for fuel efficiency and effortless driving. It is also expected that in coming years the smaller vehicle will also adopt torque converter which will boost the torque converter market.
However, frequent technical issues occur in torque converter which may hinder its market growth in future. Also the maintaining and repairing cost of the torque converter is high, which is a restraint for this market.
This torque converter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 Data Bridge Market Research Global Torque converter Market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Torque Converter Market Scope and Market Size
Torque converter market is segmented on the basis of transmission type, component, vehicle type, hybrid vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Global torque converter market on the basis of transmission type has been segmented into automatic transmission, continuously variable transmission, dual-clutch transmission
- Based on component, the torque converter market has been segmented into clutch plate, damper, impeller, stator, and turbine
- On the basis of vehicle type, the torque converter market has been segmented into passenger car, commercial vehicle
- Based on hybrid vehicle type, the torque converter market has been segmented into hybrid electric vehicle, plug-in electric vehicle
Global Torque Converter Market Country Level Analysis
Torque converter market is analysed and market size, volume information is provided by country, type, component, vehicle type, and hybrid vehicle type as referenced above.
The countries covered in the market report are 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 has the largest demand for automatics; owing to this it holds the largest market share for torque converter market. Owing to increased demand for the automatic vehicle production and continues variable transmission vehicle in Asia-Pacific region, it is estimated that this region to be largest market for torque converter over the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like 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 Global Torque Converter Market Share Analysis
Torque converter 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, regional presence, 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 torque converter market.
The major players covered in the torque converter market report are Schaeffler AG, ZF Friedrichshafen AG, AISIN SEIKI Co., Ltd., Valeo, Yutaka Giken Company Limited, EXEDY Corporation, Transtar Industries, BorgWarner Inc., Sonnax Transmission Company, Inc., Volkswagen AG, Mercedes-Benz AG, Ford Motor Company, Hyundai Motor Company, TOYOTA MOTOR CORPORATION, and TATA, ACMA India, Japan Automotive Manufacturers Association Inc., Dynamic Manufacturing, Precision Industries, Stewart & Stevenson among some global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Torque Converter Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.