Global Torque Vectoring Differential Market, By Technology (Active Torque Vectoring System (ATVS), Passive Torque Vectoring System (PTVS)), Clutch Actuation Type (Hydraulic, Electronic), Drive Type (Front Wheel Drive (FWD), Rear Wheel Drive (RWD), All Wheel Drive/ Four Wheel Drive (AWD/4WD)), Vehicle Type (Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicles, Off-Highway), Component (Differential Bearing, Differential Gear, Differential Case), Propulsion (I.C. Engine Vehicles, Electric Vehicles, Hybrid Vehicles), 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, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights Global Torque Vectoring Differential Market
Data Bridge Market Research analyses that the torque vectoring differential market would exhibit a CAGR of 7.60% for the forecast period.
Torque vectoring in automobiles is a technology that allows the differential to distribute and manage engine torque to wheels or axles independently. It improves the grip, control, and performance of a vehicle. It's usually seen in 4WD and AWD vehicles that are involved in performing off-road activities and need more traction on diverse terrain. It's also found in sports and premium cars with all-wheel drive for improved grip and performance, as well as a smoother launch.
The rising demand of light and heavy commercial vehicles will influence the growth rate of torque vectoring differential market during the forecast period of 2022-2029. The torque vectoring differential market is likely to grow significantly due to the rising adoption of advanced technologies. Also, increasing level of investment for the development of improved infrastructure is a contributing factor to the growth rate of torque vectoring differential market. Furthermore, rising preference towards luxury vehicles and swift industrialization are the major market drivers that will have positive impact on the market’s growth rate. Some of the factors such as upsurge in the level of disposable income, and rising urbanization will further propel the market’s growth rate. The rise in vehicle production and improving stability, grip, handling and performance will further cushion the growth of torque vectoring differential market.
Moreover, rising sale of luxury vehicles as well as high-performance vehicles along with safety stipulations will carve the beneficial opportunities for the growth of torque vectoring differential market. Additionally, increase in the number of research and development activities and innovation in design and smooth operation will act as significant market driver and hence further boost new opportunities for the market’s growth.
However, the rising number of mobility services and high demand of electric vehicles will stymie the revenue growth of torque vectoring differential market. The dearth of awareness and lack of skilled workforce will pose major challenges for the growth of torque vectoring differential market. Also, technological barriers and severe impact of COVID-19 on manufacturing as well as supply chain operations of various industries will act as major market restrain that will further hinder the growth of torque vectoring differential market during the above mentioned forecast period.
This torque vectoring differential 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 torque vectoring differential market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Torque Vectoring Differential Market Scope and Market Size
The torque vectoring differential market is segmented on the basis of technology, clutch actuation type, drive type, vehicle type, component and propulsion. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Torque vectoring differential market on the basis of technology has been segmented as active torque vectoring system (ATVS), and passive torque vectoring system (PTVS).
- Based on clutch actuation type, torque vectoring differential market has been segmented into hydraulic, and electronic.
- Based on drive type, torque vectoring differential market has been segmented into front wheel drive (FWD), rear wheel drive (RWD), and all wheel drive/ four wheel drive (AWD/4WD).
- On the basis of vehicle type, torque vectoring differential market has been segmented into passenger car (PC), light commercial vehicle (LCV), heavy commercial vehicles, and off-highway. Passenger vehicle (PC) has been further segmented into sedans, minivans, hatchbacks, utility vehicles, compact utility vehicles & sedans, and estate wagons. Hatchbacks have been further sub segmented into multi, and sports. Heavy commercial vehicles have been further segmented into truck, and bus. Off-highway has been further segmented into agriculture tractors, construction & mining equipment, and forklift.
- On the basis of component, torque vectoring differential market has been segmented into differential bearing, differential gear, and differential case.
- Torque vectoring differential has also been segmented on the basis of propulsion into I.C. engine vehicles, electric vehicles, and hybrid vehicles. I.C. engine vehicles have been further segmented into spark ignition (S.I.) engine, and compression ignition (C.I.) engine. Hybrid vehicles have been further segmented into hybrid electric vehicles (HEVS), and plug in hybrid electric vehicles (PHEVS).
Torque Vectoring Differential Market Country Level Analysis
The global torque vectoring differential market is analysed and market size insights and trends are provided by country, technology, clutch actuation type, drive type, vehicle type, component and propulsion as referenced above.
The countries covered in the torque vectoring differential 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 Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the torque vectoring differential market due to the surging demand of four wheel drive, swift industrialization and increasing awareness about safety in this region. Europe is expected to grow during the forecast period of 2022-2029 due to the increasing demand of passenger vehicle in this region.
The country section of the torque vectoring differential market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis 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 Global Torque Vectoring Differential Market Share Analysis
The torque vectoring differential 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 torque vectoring differential market.
Some of the major players operating in the torque vectoring differential market are GKN Automotive Limited, Eaton., American Axle & Manufacturing, Inc., Dana Limited., BorgWarner Inc., Linamar Corporation, Schaeffler AG, ZF Friedrichshafen AG, JTEKT Corporation., Continental AG, Auburn Gear, LLC., Neapco Holdings, Magna International Inc., Drexler Automotive GmbH, RT Quaife Engineering Ltd., Xtrac Ltd, NSK Ltd., Bharat Gears Ltd., and CUSCO Japan co.,ltd., among others.
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