Press release
Torque Vectoring Market is Projected to Hit a Value of USD 38.25 Billion by 2026 With a CAGR of 23.11% 2019 to 2026 Featuring GKN (U.K.), American Axle (U.S.), Dana (U.S.), BorgWarner (U.S.)
Torque Vectoring Market
Torque vectoring is a technique of distributing power between wheels. It has become popular in all-wheel-drive vehicles. Advancements in the automotive industry have enabled other vehicle types to adopt torque-vectoring differentials. Torque Vectoring Technology divides the torque equally between all wheels to avoid loss of control in slippery areas. It is primarily used in trucks as well as passengers cars.
Global Torque Vectoring Market 2021 debates the report moreover centers around global giant manufacturers of the Torque Vectoring with dynamic information like company profiles, market segmentation statistics, demanding situations and limitations, industry value, cost, sales, income, and much more information. This study provides key facts at the state of the industry and is a valuable supply of steerage and path for organizations and people inquisitive regards the market.
The objective of the study is to outline market sizes of various segments and nations in previous years and to estimate the values for the next five years. The report is Intended to offers the most segmented consumption and sales data of diverse types of Torque Vectoring, downstream consumption fields, and competitive landscape in numerous regions and countries around the globe, this report studies the latest market data from the primary and secondary imposing sources.
The global torque vectoring market was valued at USD 7.25 billion in 2018 and is projected to reach a value of USD 38.25 billion by 2026 with a CAGR of 23.11% during the forecast period, 2019–2026.
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Torque Vectoring Market Report Highlights:
• Comprehensive summary of parent market & supernumerary market
• Shifting market dynamics in the industry (like COVID & Economic Impact Analysis)
• In-depth market segmentation (Trends, Drivers, Restraints, Growth with Historical & Forecast Analysis)
• Recent industry updates and growth activity
• Competitive landscape (Emerging Vendors & Market Share Analysis for Major Players along with complete Profiles)
On the basis of clutch actuation type, the market is bifurcated into hydraulic and electronic. The electronic clutch actuation segment is projected to hold a substantial share in the global torque vectoring market, owing to the superior efficiency of electronic clutch as compared to hydraulic clutch.
The report also offered market size (value and volume). Furthermore, the report also provides detailed information regards crucial aspects like drivers and restraining factors, which will describe the future growth of the Torque Vectoring market.
The Torque Vectoring Market Has Been Segmented as Below:
By Vehicle Type: Passenger Cars,Light Commercial Vehicles
By Propulsion: Front-Wheel Drive (FWD), Rear-Wheel Drive (RWD), All-Wheel Drive/Four-Wheel Drive (4WD)
By Clutch Actuation Type: Hydraulic, Electronic
By EV Type: BEVs, HEVs
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Market Study and Insights: Global Torque Vectoring Market
Since the worldwide COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the world with the WHO (World Health Organization) stating it a public health emergency. The global effects of the coronavirus disease 2019 (COVID-19) are already preliminary to be felt, and will expressively affect the Torque Vectoring market in 2021.
COVID-19 can disturb the global economy in three major ways: by directly affecting production and demand, by generating supply chain and market disruption, and by its financial influence on companies and financial markets.
The outbreak of COVID-19 has transported effects on various aspects such as flight cancellations; travel bans, and quarantines; restaurants closed; all indoor events constrained; over forty countries state of emergency declared; huge slowing of the supply chain; stock market instability; falling business confidence, rising panic among the population, and uncertainty regards future.
Torque Vectoring Market, By Company
GKN (U.K.), American Axle (U.S.), Dana (U.S.), BorgWarner (U.S.), Eaton (Ireland), ZF (Germany), JTEKT (Japan), Magna (Canada), Bosch (Germany), Univance (Japan), Schaeffler (Germany), Timken (U.S.), Ricardo (U.K), Oerlikon Graziano (Italy), Mitsubishi Heavy Industries (Japan), HALDEX (Sweden), and Continental (Germany).
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Geographically, this report is segmented into various key regions, with industry sales, revenue, global market shares, and growth rate of Torque Vectoring in these regions, from 2017 to 2029, covering
North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What does the Torque Vectoring Market Report Offer?
The market report provides qualitative and quantitative visions on the industry and an in-depth analysis of the size & growth rate for all segments impacting the market growth. Also, the report offers an insightful study of market dynamics, opportunities, evolving trends, and competitive landscape. The valuable insights obtainable are based on the latest trends, latest industry developments like mergers & acquisitions, partnerships, and others by adopting various research methodologies that will affect the development of the now and future market growth during the estimated period.
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