Press release
Torque Converter Market is estimated to grow at a CAGR of 3.3% during 2018 to 2025 Schaeffler Technologies AG & Co. KG, Yutaka Giken Company Limited, ZF Friedrichshafen AG, Dynamic Manufacturing, Precision Industries.
According to our research report, the Global Torque Converter Market Size is expected to reach USD 9.7 billion by 2025, from USD 6.6 billion in 2018 growing at a CAGR of 3.3% during the forecast period of 2018 to 2025.
Browse details of 110 numbers of pages research report developed on Torque Converter Market @ https://www.researchcosmos.com/reports/global-torque-converter-market-research-report-2018/9611188
Torque Converter Market Growth Demands and Restraints:
Torque converter market is deemed to have steady pace during the forecast period. The transfers between the rotating powers from a prime mover with the fluid coupling to a rotating driven load is a type of torque converter. In vehicles, the power supply to the load is interlinked directly with the help of torque converters which optimizes the operational efficiency. The torque converters plays crucial role in the automobile industry. They are designed in specific manner to multiply the ability of torque with the continuous variable transmissions. Industrial power transmission is also widely using the applications of the torque converters in handling the conveyor drivers, winches, drilling rigs and railway locomotives.
The torque converter market growth is majorly propelled by the end user industries and particularly from the increasing demand from the automobile industries. The rising population and increasing demand for the transportation is surging the growth rate of the market.
However, the cost of the final products is little expensive due to its manufacturing process, which is hindering the growth of the market. The strict rules and regulations by the government is a challenging attribute for the market developers.
Emerging of latest technology in the manufacturing of torque converter to increase the efficiency of the vehicles is amplifying the growth opportunities for the market. The manufacturing procedure does not need skilled mechanics and can be done with the basic knowledge that is ascribed to bolster the growth of the market.
Torque Converter Market Regional Analysis:
Regionally, the torque converter market is categorized into North America, Europe, Asia Pacific, Middle East and Africa. North America is expected to hold the highest shares of the market owing to increased sales of the cars and heavy weight vehicles and also growing support from the government in investments. Following North America, Europe is anticipated to account for significant shares of the market with the rising demand from the marine industrial sector and also power transmission sectors. Asia Pacific is developing the growth opportunity with the increasing population and the demand for transportation. Middle East and Africa are elevated to have quiet inclination in the near future.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/global-torque-converter-market-research-report-2018/9611188
Torque Converter Market Key Players:
Some of the leading key players are EXEDY Corporation, Schaeffler Technologies AG & Co. KG, Yutaka Giken Company Limited, ZF Friedrichshafen AG, Dynamic Manufacturing, Precision Industries, Sonnax Industries, Inc, TRANSTAR INDUSTRIES, INC., ACC Performance Products Plus and Stewart & Stevenson are the dominant players in the market.
Torque Converter Market Segmentation:
By Type
• Single-stage
• Multi-stage
Application
• Passenger Car
• Commercial Vehicle
Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-torque-converter-market-research-report-2018/9611188
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
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