Torque Converter Market 2020 Is Estimated to Reach USD 10.85 billion By 2027 with Global Players Like - Schaeffler AG, ZF Friedrichshafen AG, AISIN SEIKI Co., Ltd., Valeo

Market Overview
Global Torque converter Market is expected to reach USD 10.85 billion by 2027 witnessing market growth at a rate of 4.7% in the forecast period of 2020 to 2027. Data Bridge Market Research report on global torque converter market provides analysis and insights regarding the leading current market analysis scenario, upcoming as well as future opportunities and competitors.
Torque converter is a device used as a link between the engine and the transmission, and allows a vehicle engine to rotate separately from the transmission to reduce mechanical efforts of the vehicle. It also helps in achieving different speeds automatically. The main components which are used in torque converter are transmission fluid pump, turbine and stator. The torque converter works quietly and provides fuel efficiency by reducing gear lag which occurs in manual gear changing.
The demand for hybrid electric vehicle is increasing, due to which the market of torque converter will increase in the forecast period. Also, in automotive sector, there is rise in demand of the vehicle with automatic transmission systems fitted with torque converter for fuel efficiency and effortless driving. It is also expected that in coming years the smaller vehicle will also adopt torque converter which will boost the torque converter market.
However, frequent technical issues occur in torque converter which may hinder its market growth in future. Also the maintaining and repairing cost of the torque converter is high, which is a restraint for this market.

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The Torque Converter Market competitive landscape provides details by competitor. Details included are organization overview, company financials, revenue generated, Industry potential, investment in research and development, new Torque Converter Market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to Torque Converter Market.

Major Market Manufacturers Covered In The Torque Converter Market Are:
The major players covered in the torque converter market report are Schaeffler AG, ZF Friedrichshafen AG, AISIN SEIKI Co., Ltd., Valeo, Yutaka Giken Company Limited, EXEDY Corporation, Transtar Industries, BorgWarner Inc., Sonnax Transmission Company, Inc., Volkswagen AG, Mercedes-Benz AG, Ford Motor Company, Hyundai Motor Company, TOYOTA MOTOR CORPORATION, and TATA, ACMA India, Japan Automotive Manufacturers Association Inc., Dynamic Manufacturing, Precision Industries, Stewart & Stevenson among some global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
North America has the largest demand for automatics; owing to this it holds the largest market share for torque converter market. Owing to increased demand for the automatic vehicle production and continues variable transmission vehicle in Asia-Pacific region, it is estimated that this region to be largest market for torque converter over the forecast period.

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Key Benefits for Torque Converter Market:
• The report evaluates the key factors of drivers, restraints, and opportunities enabling strategic decision making with perceptive to identify the potential Market.
• The report evaluates the key factors of drivers, restraints, and opportunities enabling strategic decision making with perceptive to identify the potential Market.
• Basic Industry Overview and Global Market Development Policies and Plans
• Key Market players Profiling and the competitive outlook of the industry.
• Detailed Understanding and evaluation of the Present and Future Trends.
• Extensive analysis of the Market is conducted by following key product positioning and monitoring of the top manufacturers within the Market

Global Torque Converter Market Scope and Market Size
Torque converter market is segmented on the basis of transmission type, component, vehicle type, hybrid vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• Global torque converter market on the basis of transmission type has been segmented into automatic transmission, continuously variable transmission, dual-clutch transmission
• Based on component, the torque converter market has been segmented into clutch plate, damper, impeller, stator, and turbine
• On the basis of vehicle type, the torque converter market has been segmented into passenger car, commercial vehicle
• Based on hybrid vehicle type, the torque converter market has been segmented into hybrid electric vehicle, plug-in electric vehicle

Based on regions, the Torque Converter Market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
Middle East and Africa (GCC Countries and Egypt)
North America (United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

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The report covers major aspects:
• Various economic factors that are significant in determining the Torque Converter Market trend, buying decisions and Market attractiveness are being analyzed for Market estimation and forecasting.
• The analysis will support stakeholders such as manufacturers and distributors in identifying and capturing Markets with high potential.
• The study also discusses various environmental and regulatory factors critical for the Torque Converter Market growth.

Strategic Points Covered in Table of Content of Global Torque Converter Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope Torque Converter Market
Chapter 2: Exclusive Summary – the basic information of Torque Converter Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of Analytical Standards
Chapter 4: Presenting Torque Converter Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of Torque Converter Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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