AT Automotive Torque Converter Market 2023 : Advance Technology, Latest Trend and Future Expansion by 2028

AT Automotive Torque Converter Market is a device that act as a link between the transmission and the engine, allowing a vehicle engine to spin separately from the transmission. Manufacturers are inclining toward optimizing torque converters to enhance its technology. Also, to increase its operating efficiency by reducing weight and size of torque converter. These processes include better lock up range, automated manufacturing processes, and others. The torque converter in an automatic transmission that serves a purpose similar to a clutch in a manual transmission. This leads to the growth of the torque converter market in near future.

The increased demand for luxury and passenger vehicles in the world's developed countries is contributing to the development of dual-clutch and automatic transmission systems, as well as torque converters. The advanced torque converter systems are useful for simple driving and also help to reduce efforts over a jammed stop. As a result, the demand for highly advanced systems in vehicles is propelling the global torque converter market industry forward.

Multistage Torque Converters are torque converters that have two or more stages. It is the most common type of automotive torque converter, and it can be found in passenger cars, trucks, and buses as well as heavy-duty equipment such as construction excavators. The different types of multistage torque converters include single-stage helical gear driven multi-plate clutch (SPH), double stage helical gear driven multi-plate clutch (DPSPH) also known as a "double-clutching" system because it has to engage twice before input shaft speed matches output shaft speed, triple stage spur gear driven multilevel sequential planetary transmission with overdrive ratio for high efficiency at low speeds (TSSOP).

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Growing demand for luxury and passenger cars as well as developments in powertrains are the main drivers influencing the torque converter market's growth. The development of the automobile torque converter market is, however, constrained by technical problems relating to torque as well as specific challenges such vehicle trembling and transmission slippages. On the other hand, the torque converter market is expanding due to the expansion of the automotive industry and the ease with which driving has become.

Compared to earlier times, the automotive sector is now more involved in the production of passenger cars. With rising per capita income, rising car ownership, urbanisation, and globalisation leading to an expanding middle-class population around the world, the demand for these vehicles has multiplied over the past few years, and this trend is anticipated to continue into the future as well. Sedans like the Toyota Camry, which has a manual transmission, and automatic transmissions like the Hyundai Elantra, which can also be driven without using the clutch pedal but instead use either their vehicle's Drive Lock feature or an electronic control system known as "fly-by-wire," are examples of passenger cars that are primarily used by individuals.

Global AT Automotive Torque Converter Market: Segmentations

Global AT Automotive Torque Converter Market: By Key Players
EXEDY
Kapec
Aisin
ZF
Yutaka Giken
Schaeffler
Valeo
Allison Transmission
Precision of New Hampton
Aerospace Power
Hongyu

Global AT Automotive Torque Converter Market: By Types
Single-stage Torque Converter
Multistage Torque Converter

Global AT Automotive Torque Converter Market: By Applications
4AT Gearbox
6AT Gearbox

Global AT Automotive Torque Converter Market: Regional Analysis
The countries covered in the regional analysis of the Global AT Automotive Torque Converter market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global AT Automotive Torque Converter market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of AT Automotive Torque Converter would help in identifying future applications in this market.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
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