Torque Vectoring Market By Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles), By Propulsion (Front Wheel Drive (FWD), Rear Wheel Drive (RWD), All Wheel Drive/Four Wheel Drive (AWD/4WD)), By Technology (Active Torque Vector

Torque Vectoring Market By Vehicle Type (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles), By Propulsion (Front Wheel Drive (FWD), Rear Wheel Drive (RWD), All Wheel Drive/Four Wheel Drive (AWD/4WD)), By Technology (Active Torque Vectoring System (ATVS), Passive Torque Vectoring System (PTVS)), By Clutch Actuation Type (Hydraulic Clutch, Electronic Clutch): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global torque vectoring market is envisioned to garner $31.8 billion by 2031, growing from $8.1 billion in 2021 at a CAGR of 15.2% from 2022 to 2031.

A paradigm shift has been there in torque vectoring market due to growing electrification and various governmental initiatives to reduce carbon emissions. Further, this factor has increased the sales and penetration of electric vehicles in developed and developing economies. The countries mainly  the U.S., China, Germany, UK Japan, and others are focusing on replacing fuel-based vehicle with electric and hybrid as well as autonomous vehicle. As per the data released by the General Administration of Customs of China, the Chinese market shipped 499,573 electric vehicles in 2021. This shift has created a potential room for torque vectoring OEMs, further boosting the market

The global torque vectoring market is growing rapidly owing to growth in focus of vehicle manufacturers to offer unique and comprehensive approach that enables the efficient control of the energy flow in vehicles. Further, the OEMs are  emphasizing to reduce the vehicle weight and reduce components without comprising the efficiency of the vehicle. In such scenario, companies are replacing traditional motors with advanced e-motors along with battery management solutions. This would significantly reduce power dissipation and optimize the vehicle parts that would provide a better control as well as increase lifespan & efficiency gains. Reducing the weight of the vehicle would further reduce pressure on torque and deliver the driver a smooth and safer driving experience.

Despite the growing factors, high costs involved in integrating various sensors, radars, other hardware, and software components to support torque vectoring is hampering market growth. In addition to this, small and medium size players are unable to compete with the giant players in terms of technological innovation due to limited allocation of funds for R&D activities and limited reach to source raw materials and components.

The COVID-19 crisis left an unprecedented impact on many sectors, including tourism, health, and retail. Automotive industry is one of the highly affected sectors. Factory closures, supply chain disruption, and a collapse in demand dramatically hampered the production and sales of the cars. Moreover, with over 80% of the world’s auto supply chain connected to China, production shortfalls were observed. To protect lives, safeguard employees & workers, and reduce the spread of the virus, the manufacturing facilities and plants were completely halted, which created a standstill position for the automotive industry. Further, major investments done by OEMs and other players operating in supply chain to ramp up production of electric vehicles and components were unable to produce due to lockdown announced worldwide. This created stock piling in warehouses and additional overheads to maintain the stocks. Owing to the abovementioned factors, the global torque vectoring market observed a steep downfall, further hampering the overall automotive industry.

The key players profiled in this report include GKN, American Axle, Dana, BorgWarner, Eaton, ZF, JTEKT, Getrag, Bosch, Univance, Schaffler, Timken, Richardo, and Oerlikon Graziano.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the torque vectoring market analysis from 2021 to 2031 to identify the prevailing torque vectoring market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the torque vectoring market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global torque vectoring market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Clutch Actuation Type

Hydraulic Clutch
Electronic Clutch

By Vehicle Type

Light Commercial Vehicles
Heavy Commercial Vehicles
Passenger Car

By Propulsion

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

By Technology

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

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA

Key Market Players

GKN Automotive Limited
Continental AG
ZF Friedrichshafen AG
jtekt corporation
American Axle & Manufacturing, Inc.
Dana Incorporated
BorgWarner
Eaton Corporation
Bosch Ltd
univance corporation

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