- Torque converters are devices that serve as a link between the engine and the transmission, allowing the engine of a vehicle to rotate independently of the transmission in order to reduce the vehicle's mechanical efforts. It also aids in automatically achieving different speeds
- Major factor driving the growth of the global torque converter market is the advancement of torque converters in power train mechanisms. The power train consists of transmission and provides power to the engines to run the vehicle, which is expected to boost market growth during the forecast period
- North America is expected to dominate the global torque converter market wih the market share 31.23% due to the presence of global manufacturers in the region.
- For instance, In May 2022, Carlson Cash, an SAP Treasury and Cash Management Expert Company, and JDC Group established a partnership. This strategic partnership allowed JDC Group to specialize in SAP Treasury and Cash Management projects for its clients.
- Globally, torque converters are recognized as critical components in the automotive and industrial sectors, enabling smooth power transmission, improving fuel efficiency, and enhancing overall vehicle performance.
