Global Torque Converter Market Is Expected To Reach USD 9.9 Billion By 2025 | Ford Motor, Hyundai, Nissan, BMW
Some of the key players profiled in the study are EXEDY Corporation (Japan), Transtar Industries (Walton Hills), BorgWarner Inc. (U.S.), Sonnax Transmission Company, Inc. (Vermont), Volkswagen Group (Germany), Mercedes-Benz (Germany), Ford (U S ), Hyundai (South Korea), Toyota (Japan), and TATA (India), Automotive Component Manufacturers Association of India (ACMA), Japan Automotive Manufacturers Association (JAMA), European Automobile Manufacturers' Association (ACEA), Dynamic Manufacturing (Germany), Precision Industries (Australia), ACC Performance Products Plus (U.S.), Stewart & Stevenson (U.S.).
The Global Torque Converter Market is expected to reach USD 9.9 billion by 2025, from USD 6.4 billion in 2017 growing at a CAGR of 3.6% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The torque converter allows the motor vehicle to meet various gear ratios without using a conventional gear box. It splits the engine and transmission which allows the engine to work independently. Use of the torque converter removes the clutch and achieves better ride value by eliminating the need to use the clutch pedal. There are four components in the torque converter which are transmission fluid pump, turbine and stator. The key feature of the torque converter is its ability to multiply torque that lies in the capacity of the stator. The torque converter runs quietly and helps to achieve fuel efficiency as the gear lag is reduced due to the lack of manual gear changing. It requires low maintenance and less efficiency to refill the transmission fluid as it is a sealed unit. The procedure of torque converter expands fuel combustion by attaining optimal torque ratios. The market for automobile is expected to expand due to increase in demand for fuel-saving technologies.
Moreover, the torque converter market for automotive is estimated to increase because of the rise in consumer demand for better ride handling and comfort. According to India Times, sales of AT cars increased by 66% from 2014 to 2015. Hence, with the increasing advancements, the torque converter market is expected to grow.
Data Bridge marketing research presents an in depth picture of the market by way of study, synthesis, and summation of knowledge from multiple sources. The info thus presented is comprehensive, reliable, and therefore the results of extensive research, both primary and secondary. The analysts have presented the varied facets of the market with a specific specialize in identifying the key industry influences. The overviews, SWOT analysis and methods of every vendor within the market provide understanding about the economic process and the way those are often exploited to make future opportunities.
Unlock new opportunities in Global Torque Converter Market the newest release from Data Bridge marketing research highlights the key market trends significant to the expansion prospects, allow us to know if any specific players or list of players must consider gaining better insights.
Revealing the Competitive scenario
In today's competitive world you would like to think one step ahead to chase your competitors, our research offers reviews about key players, major collaborations, merger & acquisitions along side trending innovation and business policies to present better insights to drive the business into right direction
Demand for increasing sale of hybrid electric vehicles.
Demand for increasing automatics.
High cost for repairing
Less availability of components
Rapid Business Growth Factors
In addition, the market is growing at a quick pace and therefore the report shows us that there are a few of key factors behind that. the foremost important factor that's helping the market grow faster than usual is that the tough competition
Segmentation: Global Torque Converter Market
Global Torque Converter Market is segmented into six notable segments which are type, colour, product type, packaging, body type and distribution channel.
On the basis of Transmission Type, Automatic Transmission, Continuously Variable Transmission, Dual-Clutch Transmission, Others.
On the basis of Component, Clutch Plate, Damper, Impeller, Stator, Turbine.
On the basis of Vehicle Type Passenger Car, Commercial Vehicle
On the basis of Geography, North America, South America, Europe, Asia-Pacific, Middle East and Africa.
Table of Contents: Global Torque Converter Market
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Market, By Type
7 Market, By Organization Size
8 Market Analysis, By Region
9 Competitive Landscape
10 Company Profiles
And More.....Get Detailed TOC @ https://www.databridgemarketresearch.com/toc?dbmr=global-torque-converter-market&skp
Key Market Competitors: Global Torque Converter Market
The key players operating in the global torque converter market are -
ZF Friedrichshafen AG
AISIN SEIKI Co., Ltd.
Yutaka Giken Company Limited
What are the major market growth drivers?
Rapid increase in scope and usage of within the globe with high acceptance ratio in the market
Automation with artificial intelligence helps in better customer experience and to grow in systematic manner
Minimizing the human work and error with optimum utilization of resources to earn greater efficiency of business enterprise in the market
Research strategies and tools used of Global Torque Converter Market:
This Intelligent Process Automation market research report helps the readers to know about the overall market scenario, strategy to further decide on this market project. It utilizes SWOT analysis, Porter's Five Forces Analysis and PEST analysis.
Key Points of this Report:
The depth industry chain include analysis value chain analysis, porter five forces model analysis and cost structure analysis
The report covers North America and country-wise market of Global Torque Converter Market
It describes present situation, historical background and future forecast
Comprehensive data showing Intelligent Process Automation capacities, production, consumption, trade statistics, and prices in the recent years are provided
The report indicates a wealth of information on Global Torque Converter Market manufacturer
Global Torque Converter Market forecast for next five years, including market volumes and prices is also provided
Raw Material Supply and Downstream Consumer Information is also included
Any other user's requirements which is feasible for us
Some of the major objectives of this report:
1.To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Market.
2.To provide insights about factors affecting the market growth. To analyze the Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.
3.To provide historical and forecast revenue of the Market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.
4.Country level analysis of the market with respect to the current market size and future prospective.
5.To provide country level analysis of the market for segment by application, product type and sub-segments.
6.To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
7.Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Market
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How will the report help new companies to plan their investments in the Global Torque Converter Market?
The market research report classifies the competitive spectrum of this industry in elaborate detail. The study claims that the competitive reach spans the companies
The report also mentions about the details such as the overall remuneration, product sales figures, pricing trends, gross margins, etc.
Information about the sales & distribution area alongside the details of the company, such as company overview, buyer portfolio, product specifications, etc., are provided in the study.
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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