Torque Converter Market 2018 Global Research Report: Size, Share, Trends, Competitive Analysis and Regional Forecast to 2023

Market Research Future published research report on Global Torque Converter Market 2018 - Forecast to 2023, provides detailed Torque Converter Market Analysis, Scope, Stake, Progress, Trends and Size, Share, Opportunity, and Regional Forecast. Torque Converter Market is to expand at the highest growth rate by 2023.

Torque Converter Market Highlights:

Torque Converters are devices that act as a bridge between the transmission and the engine. The key characteristic of a torque converter is its ability to multiply the torque when there is a substantial difference between input and output of the engine’s rotation. A torque converter is a type of fluid coupling that allows the engine to spin to some extent, independent of the transmission. The growth of the torque converter is directly proportional to the growth in the automatic transmission vehicle market. With automatic transmission vehicles, specifically passenger vehicles are witnessing rapid growth in demand, which is expected to positively impact the torque converter market.  With major manufacturers gunning toward enhanced vehicle efficiency, and technological developments in the torque converter, market is expected to propel the demand in the market. With torque converters that can function under higher internal pressure and greater instantaneous force, ultimately enhancing the vehicles performance, the market is poised for rapid growth in the forecast period. Increasing demand for automatic vehicles and high end vehicles is also expected to significantly contribute in the growth of the market. The rising demand for driver assistance systems, along with the increased use of electronics in vehicles, will further augment the demand for torque converters.

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Torque Converter Market Competitive Analysis:

The key players of global Torque Converter market are Schaeffler (Germany), ZF Friedrichshafen (Germany), Aisin (Japan), Valeo S.A. (France), KAPEC (South Korea), Transtar (US),  EXEDY (Japan), Yutaka Giken (Japan), BorgWarner, Inc. (US),  and Sonnax Industries (US).. In 2016, these companies accounted for a share of XX% of the global market.

Market Drivers:

The market for torque converter systems is expected to grow with an increase in demand for automobile, majorly in the United States and the European region. There is an immense demand of commercial vehicles in United States. With the increase in demand of commercial vehicles there is an increase in demand for torque converter systems market. Additionally, with manufacturers increasingly integrating torque converters in medium-duty and heavy-duty trucks the torque converter market is expected to register high growth rate in this region. The growth of the European region is also driven by the presence of major auto manufacturers, which are mainly focusing on meeting the increasing demand for passenger and commercial vehicles. Owing to all these factors, the market is expected to witness rapid growth.

Market Segmentation: By battery Type (AT, CVT, and DCT), Component (Clutch Plate, Damper, Impeller, Turbine, and Stator), Vehicle (Passenger Car and Commercial Vehicle), and by Regions.

Regional Analysis:

The market for torque converter systems is expected to grow with an increase in demand for automobile, majorly in the United States and the European region. There is an immense demand of commercial vehicles in United States. With the increase in demand of commercial vehicles there is an increase in demand for torque converter systems market. Additionally, with manufacturers increasingly integrating torque converters in medium-duty and heavy-duty trucks the torque converter market is expected to register high growth rate in this region. The growth of the European region is also driven by the presence of major auto manufacturers, which are mainly focusing on meeting the increasing demand for passenger and commercial vehicles. Owing to all these factors, the market is expected to witness rapid growth.

Major Table Of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

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