02-11-2019 08:34 PM CET - Logistics & Transport
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Global automotive torque converter market is estimated to grow over the forecast period, some key players are Dynamic Manufacturing, Exedy, Precision Torque Converters, Schaeffler, Sonnax, Transtar, and Yutaka Giken

Press release from: Kenneth Research

The torque converter is a type of fluid coupling which transfers rotating power from a prime mover, to a driven load which keeps on rotating like an internal combustion engine. The torque converter is normally installed in the place of a mechanical clutch in a vehicle with an automatic transmission which therefore allows the load to be separated from the source of power. Usually it is located between the transmission of the engine and its flexplate. Basically it allows the vehicle engine to spin independently of the transmission.

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When the engine is turned slowly, the amount of torque that passes through the torque converter to the transmission is very small. This however requires a bit of light pressure on the brake pedal. When more pressure is applied on the accelerator by the driver, the engine revs up and more fluid is pumped into the torque converter. Because of this the wheels get more torque transmitted to them. The analysts forecast that the global automotive torque converter market will grow with a rate of XX% CAGR during the period 2017-2022.

Market Dynamics

The major driving force of this market is the increasing demand for automatic transmission vehicles along with the increasing demand of hybrid electric vehicles.

The high cost that has to be spent on repairs in case something breaks down is the only major constraint that this market faces at the present time.

Market Segmentation

The market for Global Automotive Torque Converter is primarily divided by five categories, they are

1) By Transmission
AT
CVT
DCT
2) By Type of Vehicle

Passenger Vehicles
HCVs
LCVs

3) By Type of Hybrid Vehicle
Hybrid Electric Vehicle (HEV)
Plug- In Hybrid Electric Vehicle (PHEV)

4) By Component
Clutch plate
Damper
Impeller
Stator
Turbine

5) By End User
OEMs
Aftermarket

Geographic Analysis

Currently the market for torque converters in the Europe region is very small when it is compared with the North America and Asia Pacific region. The reason for it is that the consumers in Europe prefer DCT over AT because the torque converters solve the problem of lurching at low speed in DCT vehicles. The demand for torque converters in DCT vehicles is at a very initial stage however, during the forecast period, their demand is projected to rise. It is because of the fact that they improve the driving experience of DCT vehicles. Because of this reason, at the end of the forecasted period the region of Europe with its high penetration of DCT will be the fastest growing market.

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Key Players

Some of the major companies that are involved in this market are mentioned below-
1. Dynamic Manufacturing
2. Exedy
3. Precision Torque Converters
4. Schaeffler
5. Sonnax
6. Transtar
7. Yutaka Giken

Report Contents Regional Analysis Report Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

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Email: sales@kennethresearch.com
Phone: +1 313 462 0609

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