Torque Converter Market Size Was Valued At USD 7.6 Billion In 2022 And Is Projected To Reach USD 11.7 Billion By 2030, Growing At A CAGR Of 4.28% From 2023 To 2030

Automotive Torque Converter Market size was valued at USD 7.6 Billion in 2022 and is projected to reach USD 11.7 Billion by 2030, growing at a CAGR of 4.28% from 2023 to 2030.

This report on the global torque converter market includes information on recent developments, trade laws, production analysis, value chain optimization, market share, and the impact of domestic and local market players. It also examines opportunities for new revenue streams, regulatory changes, market size, category market expansions, application niches and dominance, product approvals, and product launches. Contact Industry for an Analyst Brief to learn more about the torque converter market. Our staff will assist you in making an informed choice to build your market.

The rising demand for automobiles with automatic transmissions is to blame for the expansion of the global automotive torque converter market. Additionally, the automotive torque converter market is expanding due to technological developments in the field of torque conversion and rising sales of passenger and commercial vehicles worldwide. The market is comprehensively evaluated in the study on the global automotive torque converter industry. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

Market Overview:

The most prevalent kind of automatic transmissions use torque converters. They can be found in any car, including little hatchbacks and high-performance sports cars, as well as heavy-duty vehicles. When there is a low rotational speed, the primary purpose of an automobile torque converter is to increase vehicle torque. The engine and transmission are permanently coupled together via a viscous coupling, which is the foundation of how a torque converter works. Since there is no clutch and no need to engage or disengage gears at various speeds, the power transmission is slick and polished. The torque converter performs the same role as a clutch in a manual transmission in an automatic gear train.

The demand for torque converters has increased since automatic transmissions are increasingly being used in modern cars. One of a torque converter's most crucial properties is its ability to double torque when there is a substantial difference between the input and output of the engine's rotation. The utilization of torque, a type of fluid coupling, enables the engine and transmission to spin independently of one another. Manufacturers are working to increase the operational effectiveness of torque converters, and new developments in automatic torque converter technology are driving the market ahead.

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Segmentations:

Global Torque Converter Market: Major Players
Voith Turbo-Transmissions
Allison Transmission
Precision of New Hampton
Shantui
Exedy
Yutaka Technologies
ZF Friedrichshafen
LuK USA LLC
Subaru
Twin Disc
Valeo
ACC Performance Products
Isuzu
Aisin AW
Schaeffler
BorgWarner
Jatco

Global Torque Converter Market: Types
Single stage Turbine Torque Converter Overview and Price
Double stage Turbine Torque Converter
3 stage Turbine Torque Converter

Global Torque Converter Market: Applications
Automatic transmissions on automobiles
Forwarders and other heavy duty vehicles.
Marine propulsion systems
Industrial power transmission

Global Torque Converter Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global 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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However, they are not making enough of an impact on the engine's behaviour in terms of efficiency. And they are quickly going back to automatic torque converter gears. For instance, in order to increase efficiency, the new BMW M3 Competition's transmission has been changed from a dual-clutch automatic to an 8-speed torque converter with automatic paddle shifters. Additionally, by changing without halting the flow of torque, the dual-clutch gearbox (DCT) improved automated manual transmission (AMT) and its single-clutch. A borderline dim, perfectly tuned DCT is extremely effective in this regard. As a result, torque converter automatic gearboxes are regaining popularity, which is beneficial for manual shifting and the abilities required to execute it efficiently.

This report examines all the key factors influencing growth of global Torque Converter market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Torque Converter market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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