Global Automotive Torque Converter Market, By Vehicle Type (Passenger Cars, LCV, M&HCV), By Transmission Type (Automatic Transmission (AT), Automated Manual Transmission (AMT), Dual-Clutch Transmission (DCT) and Others), By Stage (Acceleration, Coupling, Stall), By Propulsion Type (Petrol/CNG, Diesel, Electric & Hybrid), By Region, Competition Forecast and Opportunities, 2026
The global automotive torque converter market stood at USD15,357.26 million in 2020 and is anticipated to grow at a CAGR of 6.02% during the forecast period to reach USD22,736.82 million by 2026. Ongoing technological advancements, increasing demand for hybrid electric vehicles, and surging usage in commercial vehicles are the primary factors that are expected to drive the growth of the global automotive torque converter market in the forecast period.
The rise in the number of vehicles on the road is increasing traffic congestion in urban areas around the globe. Automotive manufacturers are installing automatic transmissions in automobiles to make the vehicles navigate easily through dense traffic. The automotive torque converter ensures that the vehicle starts and stops, therefore enriching the consumers' driving experience. Innovations in technologies used in automobiles and the growing utilization of automotive torque converts in commercial vehicles are bolstering the market demand all over the globe. The growing disposable income of consumers makes them able to invest in advanced technologies such as the use of concave clutch technology in automobiles, which is influencing the market demand. Furthermore, increasing vehicle fleet, development of efficient transportation and logistics industry, and the need to enhance the driving experience by manufacturers are expected to boost the global automotive torque converter market growth in the forecast period. However, high maintenance costs and the risk of malfunctioning automotive torque converts may hinder the market growth in the forecast period.
The global automotive torque converter market is segmented based on vehicle, transmission, stage, propulsion, region, and competitional landscape. Based on the vehicle type, the market is divided into passenger cars, LCV and M&HCV. The passenger car segment is expected to hold the largest market share in the forecast period. The rise in the purchasing power of consumers, increase in the market players, and launch of advanced features in automobiles are driving the demand for passenger cars all over the globe.
Major market players operating in the global torque converter market are Sonnax Transmission Company, Inc., Schaeffler Technologies AG & Co. KG, ZF Friedrichshafen AG, Exedy Corporation, Yutaka Giken Company Limited, Dynax Corporation, Jatco Ltd., Jeon Woo Precision Co, Ltd, BorgWarner Inc. Precision Industries, Valeo Group, Aisin Corporation, Shaanxi Aerospace Power Hi-tech Co., Ltd, Dana Limited, Allison Transmission Inc., Transtar Industries Inc., Unipres Corporation., RevMax Performance Converters, TCI Automotive LLC, A-1 Performance Trans & Converters.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
- To analyze the historical growth and the market size of the global automotive torque converter market from 2016 to 2020.
- To estimate and forecast the market size of the global automotive torque converter market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the global automotive torque converter market based on vehicle, transmission, stage, propulsion, region, and competitional landscape.
- To identify drivers and challenges for the global automotive torque converter market.
- To examine competitive developments such as expansions, new product launches, mergers, and acquisitions, etc., in the global automotive torque converter market.
- To conduct pricing analysis for the global automotive torque converter market.
- To identify and analyze the profile of leading players operating in the global automotive torque converter market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major players operating in the automotive torque converter market all over the world.
TechSci Research calculated the global automotive torque converter market size using a bottom-up approach, where data for various regions was recorded and forecasted for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Automotive torque converter manufacturers, suppliers, distributors, and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to automotive torque converter market
- Market research and consulting firms
Report Scope:
In this report, global torque converter market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Automotive Torque Converter Market, By Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Medium & Heavy Commercial Vehicle
- Automotive Torque Converter Market, By Transmission Type:
- AT
- AMT
- DCT
- Automotive Torque Converter Market, By Stage:
- Acceleration
- Coupling
- Stall
- Automotive Torque Converter Market, By Propulsion Type:
- Petrol/CNG
- Electric & Hybrid
- Diesel
- Automotive Torque Converter Market, By Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- Middle East & Africa
- Turkey
- Iran
- South Africa
- South America
- Brazil
- Argentina
- Colombia
Company Profiles: Detailed analysis of the major companies present in global automotive torque converter market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1.Sonnax Transmission Company, Inc.
2.Schaeffler Technologies AG & Co. KG
3.ZF Friedrichshafen AG
4.Exedy Corporation
5.Yutaka Giken Company Limited.
6.Dynax Corporation
7.Jatco Ltd.
8.Jeon Woo Precision Co,. Ltd.
9.BorgWarner Inc.
10.Precision Industries
11.Valeo Group
12.Aisin Corporation
13.Shaanxi Aerospace Power Hi-tech Co., Ltd
14.Dana Limited
15.Allison Transmission Inc.
16.Transtar Industries Inc.
17.Unipres Corporation.
18.RevMax Performance Converters
19.TCI Automotive LLC
20.A-1 Performance Trans & Converters
Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights
- 1. Product Overview
- 2. Research Methodology
- 3. Impact of COVID-19 on Global Automotive Torque Converter Market
- 4. Executive Summary
- 5. Voice of Customers
- 5.1. Brand Recall
- 5.2. Factors Influencing Purchase Decision
- 5.3. Challenges/Issues Faced Post Purchase
- 6. Global Automotive Torque Converter Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Volume
- 6.1.2. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type (Passenger Cars, LCV and M&HCV)
- 6.2.2. By Transmission Type (Automatic Transmission (AT), Automated Manual Transmission (AMT), Dual-Clutch Transmission (DCT) and Others)
- 6.2.3. By Stage (Stall, Acceleration and Coupling)
- 6.2.4. By Propulsion (Petrol/CNG, Diesel, and Electric and Hybrid)
- 6.2.5. By Region
- 6.2.6. By Company (2020)
- 6.3. Market Map (By Transmission Type, By Region)
- 7. Asia-Pacific Automotive Torque Converter Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Volume
- 7.1.2. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type
- 7.2.2. By Transmission Type
- 7.2.3. By Stage
- 7.2.4. By Propulsion
- 7.2.5. By Country
- 7.3. Asia-Pacific: Country Analysis
- 7.3.1. China Automotive Torque Converter Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Volume
- 7.3.1.1.2. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Vehicle Type
- 7.3.1.2.2. By Transmission Type
- 7.3.1.2.3. By Stage
- 7.3.1.2.4. By Propulsion
- 7.3.2. Japan Automotive Torque Converter Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Volume
- 7.3.2.1.2. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Vehicle Type
- 7.3.2.2.2. By Transmission Type
- 7.3.2.2.3. By Stage
- 7.3.2.2.4. By Propulsion
- 7.3.3. South Korea Automotive Torque Converter Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Volume
- 7.3.3.1.2. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Vehicle Type
- 7.3.3.2.2. By Transmission Type
- 7.3.3.2.3. By Stage
- 7.3.3.2.4. By Propulsion
- 7.3.4. India Automotive Torque Converter Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.1.1. By Volume
- 7.3.4.1.2. By Value
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Vehicle Type
- 7.3.4.2.2. By Transmission Type
- 7.3.4.2.3. By Stage
- 7.3.4.2.4. By Propulsion
- 7.3.5. Thailand Automotive Torque Converter Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.1.1. By Volume
- 7.3.5.1.2. By Value
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Vehicle Type
- 7.3.5.2.2. By Transmission Type
- 7.3.5.2.3. By Stage
- 7.3.5.2.4. By Propulsion
- 8. Europe Automotive Torque Converter Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Volume
- 8.1.2. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type
- 8.2.2. By Transmission Type
- 8.2.3. By Stage
- 8.2.4. By Propulsion
- 8.2.5. By Country
- 8.3. Europe: Country Analysis
- 8.3.1. Germany Automotive Torque Converter Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Volume
- 8.3.1.1.2. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Vehicle Type
- 8.3.1.2.2. By Transmission Type
- 8.3.1.2.3. By Stage
- 8.3.1.2.4. By Propulsion
- 8.3.2. Spain Automotive Torque Converter Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Volume
- 8.3.2.1.2. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Vehicle Type
- 8.3.2.2.2. By Transmission Type
- 8.3.2.2.3. By Stage
- 8.3.2.2.4. By Propulsion
- 8.3.3. France Automotive Torque Converter Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Volume
- 8.3.3.1.2. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Vehicle Type
- 8.3.3.2.2. By Transmission Type
- 8.3.3.2.3. By Stage
- 8.3.3.2.4. By Propulsion
- 8.3.4. United Kingdom Automotive Torque Converter Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Volume
- 8.3.4.1.2. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Vehicle Type
- 8.3.4.2.2. By Transmission Type
- 8.3.4.2.3. By Stage
- 8.3.4.2.4. By Propulsion
- 8.3.5. Italy Automotive Torque Converter Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Volume
- 8.3.5.1.2. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Vehicle Type
- 8.3.5.2.2. By Transmission Type
- 8.3.5.2.3. By Stage
- 8.3.5.2.4. By Propulsion
- 9. North America Automotive Torque Converter Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Volume
- 9.1.2. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type
- 9.2.2. By Transmission Type
- 9.2.3. By Stage
- 9.2.4. By Propulsion
- 9.2.5. By Country
- 9.3. North America: Country Analysis
- 9.3.1. United States Automotive Torque Converter Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Volume
- 9.3.1.1.2. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Vehicle Type
- 9.3.1.2.2. By Transmission Type
- 9.3.1.2.3. By Stage
- 9.3.1.2.4. By Propulsion
- 9.3.2. Mexico Automotive Torque Converter Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Volume
- 9.3.2.1.2. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Vehicle Type
- 9.3.2.2.2. By Transmission Type
- 9.3.2.2.3. By Stage
- 9.3.2.2.4. By Propulsion
- 9.3.3. Canada Automotive Torque Converter Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Volume
- 9.3.3.1.2. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Vehicle Type
- 9.3.3.2.2. By Transmission Type
- 9.3.3.2.3. By Stage
- 9.3.3.2.4. By Propulsion
- 10. Middle East & Africa Automotive Torque Converter Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Volume
- 10.1.2. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Vehicle Type
- 10.2.2. By Transmission Type
- 10.2.3. By Stage
- 10.2.4. By Propulsion
- 10.2.5. By Country
- 10.3. Middle East & Africa: Country Analysis
- 10.3.1. Turkey Automotive Torque Converter Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Volume
- 10.3.1.1.2. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Vehicle Type
- 10.3.1.2.2. By Transmission Type
- 10.3.1.2.3. By Stage
- 10.3.1.2.4. By Propulsion
- 10.3.2. Iran Automotive Torque Converter Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Volume
- 10.3.2.1.2. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Vehicle Type
- 10.3.2.2.2. By Transmission Type
- 10.3.2.2.3. By Stage
- 10.3.2.2.4. By Propulsion
- 10.3.3. South Africa Automotive Torque Converter Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Volume
- 10.3.3.1.2. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Vehicle Type
- 10.3.3.2.2. By Transmission Type
- 10.3.3.2.3. By Stage
- 10.3.3.2.4. By Propulsion
- 11. South America Automotive Torque Converter Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Volume
- 11.1.2. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Vehicle Type
- 11.2.2. By Transmission Type
- 11.2.3. By Stage
- 11.2.4. By Propulsion
- 11.2.5. By Country
- 11.3. South America: Country Analysis
- 11.3.1. Brazil Automotive Torque Converter Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Volume
- 11.3.1.1.2. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Vehicle Type
- 11.3.1.2.2. By Transmission Type
- 11.3.1.2.3. By Stage
- 11.3.1.2.4. By Propulsion
- 11.3.2. Argentina Automotive Torque Converter Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Volume
- 11.3.2.1.2. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Vehicle Type
- 11.3.2.2.2. By Transmission Type
- 11.3.2.2.3. By Stage
- 11.3.2.2.4. By Propulsion
- 11.3.3. Colombia Automotive Torque Converter Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Volume
- 11.3.3.1.2. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Vehicle Type
- 11.3.3.2.2. By Transmission Type
- 11.3.3.2.3. By Stage
- 11.3.3.2.4. By Propulsion
- 12. Market Dynamics
- 12.1. Drivers
- 12.2. Challenges
- 13. Market Trends and Developments
- 14. Competitive Landscape
- 14.1. Sonnax Transmission Company, Inc.
- 14.2. Schaeffler Technologies AG & Co. KG
- 14.3. ZF Friedrichshafen AG
- 14.4. Exedy Corporation
- 14.5. Yutaka Giken Company Limited.
- 14.6. Dynax Corporation
- 14.7. Jatco Ltd.
- 14.8. Jeon Woo Precision Co,. Ltd.
- 14.9. BorgWarner Inc.
- 14.10. Precision Industries
- 14.11. Valeo Group
- 14.12. Aisin Corporation
- 14.13. Shaanxi Aerospace Power Hi-tech Co., Ltd
- 14.14. Dana Limited
- 14.15. Allison Transmission Inc.
- 14.16. Transtar Industries Inc.
- 14.17. Unipres Corporation.
- 14.18. RevMax Performance Converters
- 14.19. TCI Automotive LLC
- 14.20. A-1 Performance Trans & Converters
- 15. Strategic Recommendations
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