Global Torque Converter Market 2022-2026

Global Torque Converter Market 2022-2026

Technavio has been monitoring the torque converter market and it is poised to grow by $ 4.01 bn during 2022-2026, progressing at a CAGR of 6.87% during the forecast period. Our report on the 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for automatic transmission systems and the globalization of auto industry to increase demand for automatic transmission vehicles in APAC. In addition, the growing demand for automatic transmission systems is anticipated to boost the growth of the market as well.

The torque converter market analysis includes the customer landscape segment and geographic landscape.

Technavio's torque converter market is segmented as below:

By Customer landscape

• Automotive
• Industrial
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• MEA

This study identifies the advancement of torque converters in power train mechanismsas one of the prime reasons driving the torque converter market growth during the next few years.

Technavio 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. Our report on torque converter market covers the following areas:

• Torque converter market sizing
• Torque converter market forecast
• Torque converter market industry analysis

Technavio's 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 torque converter market vendors that include Aisin Corp., BorgWarner Inc., Continental AG, EXEDY Corp., Isuzu Motors Ltd., Precision Industries, Renault s.a.s, Schaeffler AG, Valeo SA, and ZEPPELIN GmbH. Also, the 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.

Technavio 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. Technavio's 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.

Companies Mentioned

Aisin Corp., BorgWarner Inc., Continental AG, EXEDY Corp., Isuzu Motors Ltd., Precision Industries, Renault s.a.s, Schaeffler AG, Valeo SA, ZEPPELIN GmbH