Torque Converter Market Evolving Technology, Growing Demand and Industry Outlook 2021 to 2025

The report presents an in-depth assessment of the Torque Converter Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Torque Converter from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The Global Torque Converter Market is expected to grow at a CAGR 6.45% during the forecast period (2021 to 2025).

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Torque Converter Market: Exedy, ACC Performance Products, LuK USA LLC, Jatco, BorgWarner, ZF Friedrichshafen, Aisin AW, Schaeffler, Yutaka Technologies, Precision of New Hampton, Valeo, Voith Turbo-Transmissions, Twin Disc, Shantui, Subaru, Allison Transmission, Isuzu and others.

Market Analysis:

In Asia-Pacific, China has been dominating the commercial vehicle segment. Four out of ten commercial vehicles are sold in China. In 2018, China recorded 4.3 million-unit sales of a commercial vehicle, witnessing a huge growth as compared to that of 2017.

In India major automobile manufacturers are investing heavily in the research and development of automatic transmission technology passenger cars segment to increase their sales. The use of automatic transmission in passenger car segment has seen has tremendous growth. In 2019 more than 17.3% passenger vehicles sold in the country has automatic transmission as compared to 1.4% in 2011. Maruti Suzuki a major automobile manufacturer in India, the automatic variants accounts for nearly a quarter of the Celerio, Ciaz, XL6 sales.

Global Torque Converter Market Split by Product Type and Applications:

This report segments the global Torque Converter market on the basis of Types are:

Single stage Turbine Torque Converter Overview and Price

Double stage Turbine Torque Converter

3 stage Turbine Torque Converter

On the basis of Application, the Global Torque Converter market is segmented into:

Automatic transmissions on automobiles

Forwarders and other heavy duty vehicles.

Marine propulsion systems

Industrial power transmission

Regional Analysis For Torque Converter Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Influence of the Torque Converter Market Report:
-Comprehensive assessment of all opportunities and risks in the Torque Converter market.
-The detailed study of business strategies for the growth of the Torque Converter market-leading players.
-Conclusive study about the growth plot of the Torque Converter market for forthcoming years.
-In-depth understanding of Torque Converter market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Torque Converter market.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Torque Converter Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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