Automotive Torque Converter Market Share, Size, Trends, Industry Analysis Report, By Transmission Type (Continuously Variable Transmission, Automatic Transmission, Dual Clutch Transmission, and Others); By Application; By Vehicle Type; By Region; Segment

Automotive Torque Converter Market Share, Size, Trends, Industry Analysis Report, By Transmission Type (Continuously Variable Transmission, Automatic Transmission, Dual Clutch Transmission, and Others); By Application; By Vehicle Type; By Region; Segment Forecast, 2024 - 2032



The global automotive torque converter market size is expected to reach USD 11.04 billion by 2032, according to a new study by Polaris Market Research. The report “Automotive Torque Converter Market Share, Size, Trends, Industry Analysis Report, By Transmission Type (Continuously Variable Transmission, Automatic Transmission, Dual Clutch Transmission, and Others); By Application; By Vehicle Type; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The automotive torque converter market is subject to numerous factors, drivers, restraints, and opportunities that collectively shape its trajectory. As the automotive industry evolves to meet changing consumer demands and environmental standards, torque converter manufacturers and stakeholders must adapt and innovate to remain competitive in this dynamic landscape. With advancements in technology, increasing demand for automatic transmissions, and a growing global automotive market, the future holds promise for the torque converter industry. However, challenges such as cost concerns and competition from alternative technologies require thoughtful strategies to unlock the full potential of this critical automotive component.

Additionally the automotive industry's global reach provides opportunities for torque converter manufacturers to expand their presence in emerging markets. As these markets continue to grow, there is potential for increased demand for vehicles, driving the need for torque converters. Moreover, the aftermarket for automotive torque converters is a lucrative opportunity. As vehicles age and require replacement parts, torque converters are often upgraded or replaced, creating a steady stream of revenue for manufacturers.

With the growth in global income levels and the persistent trend of urbanization, the rates of vehicle ownership are on the rise, particularly in emerging markets. This surge in vehicle possession, coupled with expanding disposable incomes, emerges as a key propeller of the torque converter market. The increasing number of vehicles on the road translates to a heightened demand for automatic transmissions, and consequently, for torque converters.

Furthermore, automotive torque converters play a central role in enhancing both fuel efficiency and vehicle performance. Manufacturers are motivated to engineer torque converters that curtail power losses and augment transmission efficiency. In the face of fluctuating fuel prices and mounting environmental concerns, these factors act as driving forces behind the innovation and adoption of cutting-edge torque converter technologies.

Automotive Torque Converter Market Report Highlights

Automatic transmission segment is expected to grow at a highest CAGR during the projected period, on account of increasing consumer preference

Passenger vehicle segment accounted for largest market share, which is mainly driven by rising disposable incomes and urbanization

Hybrid Electric Vehicle segment held the significant market revenue share in 2023, mainly due to government incentives and environmental regulations

North America region dominated the market with majority share in 2023, owing to stringent environmental regulations and emission standards in the region

The global key market players include BorgWarner Inc., EXEDY Corporation, Fuji Machinery Co., Ltd., JATCO Ltd., LuK GmbH & Co. KG (Schaeffler Group)

Polaris Market Research has segmented the automotive torque converter market report based on transmission type, application, vehicle type, and region:

Automotive Torque Converter, Transmission Type Outlook (Revenue - USD Billion, 2019 - 2032)

Continuously Variable Transmission

Automatic Transmission

Dual Clutch Transmission

Others

Automotive Torque Converter, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Commercial Vehicle

Passenger Vehicle

Automotive Torque Converter, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)

Plug-In Hybrid Electric Vehicle

Hybrid Electric Vehicle

Automotive Torque Converter, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Automotive Torque Converter Market Insights
4.1. Automotive Torque Converter Market – Vehicle Type Snapshot
4.2. Automotive Torque Converter Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Expansion in the automotive sector is projected to spur the product demand
4.2.1.2. Increasing Vehicle Sales in Emerging Markets
4.2.2. Restraints and Challenges
4.2.2.1. Limited Application in Electric Vehicles
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Automotive Torque Converter Market Vehicle Type Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Automotive Torque Converter Market, by Transmission Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
5.3. Continuously Variable Transmission
5.3.1. Global Automotive Torque Converter Market, by Continuously Variable Transmission, by Region, 2019-2032 (USD Billion)
5.4. Automatic Transmission
5.4.1. Global Automotive Torque Converter Market, by Automatic Transmission, by Region, 2019-2032 (USD Billion)
5.5. Dual Clutch Transmission
5.5.1. Global Automotive Torque Converter Market, by Dual Clutch Transmission, by Region, 2019-2032 (USD Billion)
5.6. Others
5.6.1. Global Automotive Torque Converter Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Automotive Torque Converter Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
6.3. Commercial Vehicle
6.3.1. Global Automotive Torque Converter Market, by Commercial Vehicle, by Region, 2019-2032 (USD Billion)
6.4. Passenger Vehicle
6.4.1. Global Automotive Torque Converter Market, by Passenger Vehicle, by Region, 2019-2032 (USD Billion)
7. Global Automotive Torque Converter Market, by Vehicle Type
7.1. Key Findings
7.2. Introduction
7.2.1. Global Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
7.3. Plug-In Hybrid Electric Vehicle
7.3.1. Global Automotive Torque Converter Market, by Plug-In Hybrid Electric Vehicle, By Region, 2019-2032 (USD Billion)
7.4. Hybrid Electric Vehicle
7.4.1. Global Automotive Torque Converter Market, by Hybrid Electric Vehicle, By Region, 2019-2032 (USD Billion)
8. Global Automotive Torque Converter Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Automotive Torque Converter Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Automotive Torque Converter Market – North America
8.3.1. North America: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.3.2. North America: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.3.3. North America: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.3.4. Automotive Torque Converter Market – U.S.
8.3.4.1. U.S.: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.3.4.2. U.S.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.3.4.3. U.S.: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.3.5. Automotive Torque Converter Market – Canada
8.3.5.1. Canada: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.3.5.2. Canada.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.3.5.3. Canada: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.4. Automotive Torque Converter Market – Europe
8.4.1. Europe: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.4.2. Europe.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.4.3. Europe: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.4.4. Automotive Torque Converter Market – UK
8.4.4.1. UK: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.4.4.2. UK.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.4.4.3. UK: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.4.5. Automotive Torque Converter Market – France
8.4.5.1. France: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.4.5.2. France.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.4.5.3. France: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.4.6. Automotive Torque Converter Market – Germany
8.4.6.1. Germany: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.4.6.2. Germany.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.4.6.3. Germany: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.4.7. Automotive Torque Converter Market – Italy
8.4.7.1. Italy: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.4.7.2. Italy.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.4.7.3. Italy: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.4.8. Automotive Torque Converter Market – Spain
8.4.8.1. Spain: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.4.8.2. Spain.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.4.8.3. Spain: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.4.9. Automotive Torque Converter Market – Netherlands
8.4.9.1. Netherlands: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.4.9.2. Netherlands.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.4.9.3. Netherlands: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.4.10. Automotive Torque Converter Market – Russia
8.4.10.1. Russia: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.4.10.2. Russia.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.4.10.3. Russia: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.5. Automotive Torque Converter Market – Asia Pacific
8.5.1. Asia Pacific: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.5.2. Asia Pacific.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.5.3. Asia Pacific: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.5.4. Automotive Torque Converter Market – China
8.5.4.1. China: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.5.4.2. China.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.5.4.3. China: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.5.5. Automotive Torque Converter Market – India
8.5.5.1. India: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.5.5.2. India.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.5.5.3. India: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.5.6. Automotive Torque Converter Market – Malaysia
8.5.6.1. Malaysia: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.5.6.2. Malaysia.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.5.6.3. Malaysia: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.5.7. Automotive Torque Converter Market – Japan
8.5.7.1. Japan: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.5.7.2. Japan.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.5.7.3. Japan: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.5.8. Automotive Torque Converter Market – Indonesia
8.5.8.1. Indonesia: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.5.8.2. Indonesia.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.5.8.3. Indonesia: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.5.9. Automotive Torque Converter Market – South Korea
8.5.9.1. South Korea: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.5.9.2. South Korea.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.5.9.3. South Korea: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.6. Automotive Torque Converter Market – Middle East & Africa
8.6.1. Middle East & Africa: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.6.2. Middle East & Africa.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.6.3. Middle East & Africa: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.6.4. Automotive Torque Converter Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.6.4.2. Saudi Arabia.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.6.4.3. Saudi Arabia: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.6.5. Automotive Torque Converter Market – UAE
8.6.5.1. UAE: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.6.5.2. UAE.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.6.5.3. UAE: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.6.6. Automotive Torque Converter Market – Israel
8.6.6.1. Israel: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.6.6.2. Israel.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.6.6.3. Israel: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.6.7. Automotive Torque Converter Market – South Africa
8.6.7.1. South Africa: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.6.7.2. South Africa.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.6.7.3. South Africa: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.7. Automotive Torque Converter Market – Latin America
8.7.1. Latin America: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.7.2. Latin America.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.7.3. Latin America: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.7.4. Automotive Torque Converter Market – Mexico
8.7.4.1. Mexico: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.7.4.2. Mexico.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.7.4.3. Mexico: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.7.5. Automotive Torque Converter Market – Brazil
8.7.5.1. Brazil: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.7.5.2. Brazil.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.7.5.3. Brazil: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
8.7.6. Automotive Torque Converter Market – Argentina
8.7.6.1. Argentina: Automotive Torque Converter Market, by Transmission Type, 2019-2032 (USD Billion)
8.7.6.2. Argentina.: Automotive Torque Converter Market, by Vehicle Type, 2019-2032 (USD Billion)
8.7.6.3. Argentina: Automotive Torque Converter Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Aisin Seiki Co., Ltd.
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Allison Transmission Holdings, Inc.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. BorgWarner Inc
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. EXEDY Corporation
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Fuji Machinery Co., Ltd.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. JATCO Ltd
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. LuK GmbH & Co. KG (Schaeffler Group)
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Magtorq Pvt. Ltd.
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Precision of New Hampton, Inc.
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Raybestos Powertrain, LLC
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Schaeffler Technologies AG & Co. KG
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. Sonnax Industries, Inc.
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. STMicroelectronics N.V.
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. Top-Auto Technology Co., Ltd
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. Transtar Industries, Inc.
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Recent Development

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