Press release
Torque Vectoring Market to Witness Huge Growth by 2031 - GKN and American Axle, Dana, BorgWarner, Eaton, ZF, JTEKT.
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The Torque Vectoring market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Torque vectoring is a technology used in modern vehicles to enhance stability, handling, and performance by varying the torque distribution between the wheels. It works by independently controlling the amount of torque sent to each wheel based on factors like vehicle speed, steering input, road conditions, and acceleration. By actively adjusting the torque distribution, torque vectoring can improve cornering ability, reduce understeer or oversteer tendencies, and enhance overall vehicle dynamics and traction, especially in challenging driving conditions. This technology is particularly beneficial in high-performance vehicles and those equipped with all-wheel-drive systems.
Forecast Growth Projected:
The Global Torque Vectoring Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Torque Vectoring Market:
GKN and American Axle, Dana, BorgWarner, Eaton, ZF, JTEKT, Magna, Bosch and Univance.
Segment Covered in the Torque Vectoring Market:
By Vehicle Type: Passenger Vehicles, Commercial Vehicles.
By Propulsion: Front-wheel drive (FWD), Rear-wheel drive (RWD), All-wheel drive/Four wheel drive (4WD)),
By Clutch Actuation: Hydraulic, Electronic.
By Technology: Active Torque Vectoring System, Passive Torque Vectoring System.
Regional Analysis:
The global Torque Vectoring Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Torque Vectoring Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Torque Vectoring Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Torque Vectoring manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Torque Vectoring in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQs
How big is the Torque Vectoring Market?
The Torque Vectoring Market size was USD 8.9 billion in 2023. It is expected to reach USD 14.8 billion by 2031.
How fast is the Torque Vectoring Market growing?
The Torque Vectoring Market will exhibit a CAGR of 19.9% during the forecast period, 2024-2031.
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