Torque Converter Market Global Growth, Size, Share, Regional Analysis 2018 Global Forecast To 2023

Torque Converter Market Analysis From 2018 To 2023 Report. Global Torque Converter Market by battery Type (AT, CVT, and DCT), Component (Clutch Plate, Damper, Impeller, Turbine, and Stator), Vehicle (Passenger Car and Commercial Vehicle), and by Regions Forecast To 2023.

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Global 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.

Torque Converter Market Key Companies Studied in this report are: 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.

The report for Global Torque Converter Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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