Global Automotive Torque Converter Market 2024-2028
The automotive torque converter market is forecasted to grow by USD 1263.8 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the automotive torque converter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by globalization of auto industry to increase demand for automatic transmission vehicles in apac, rise in demand for automatic transmission systems, and increasing demand for fuel-efficient vehicles.
Technavio's automotive torque converter market is segmented as below:
- By Application
- Passenger cars
- Commercial vehicles
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing number of gears covering wider ratios for higher power and torque performance as one of the prime reasons driving the automotive torque converter market growth during the next few years. Also, technological advances in torque converters and use of performance torque converters in drag racings will lead to sizable demand in the market.
The report on the automotive torque converter market covers the following areas:
- Automotive torque converter market sizing
- Automotive torque converter market forecast
- Automotive torque converter market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive torque converter market vendors that include AISIN CORP., BorgWarner Inc., Continental AG, Dynamic Manufacturing Inc., EXEDY Corp., Robert Bosch GmbH, Schaeffler AG, Sonnax Transmission Co. Inc., SUBARU Corp., Transtar Industries Inc., Valeo SA, Voith GmbH and Co. KGaA, Yutaka Giken Co. Ltd., and ZF Friedrichshafen AG. Also, the automotive torque converter market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.