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Top Factor Driving Torque Vectoring Market Growth in 2025: Autonomous Vehicles Fueling The Torque Vectoring Market's Future Growth
How Big Is the Torque Vectoring Market Expected to Be, and What Will Its Growth Rate Be?The size of the torque vectoring market has witnessed swift expansion lately. It is projected to expand from $10.76 billion in 2024 to $12.63 billion in 2025, showcasing a compound annual growth rate (CAGR) of 17.3%. Factors contributing to the growth in the past period include improved traction and stability, increased safety features, market competitiveness, rising consumer demand for better driving dynamics, and concerns about environmental impact and fuel efficiency.
The market size for torque vectoring is anticipated to witness a fast-paced expansion in the upcoming years. By 2029, the market is projected to surge to $22.34 billion at a compound annual growth rate (CAGR) of 15.3%. The surge during this period can be credited to advancements in autonomous vehicles, solutions for urban mobility, meeting regulatory and safety standards, the inclusion of cybersecurity, and the emergence of rear-wheel torque vectoring. The period is also expected to spot significant trends such as the advent of sophisticated sensor technologies for improved control, artificial intelligence-based torque vectoring algorithms, compatibility with vehicle stability control, driver settings customization, and partnerships with tire manufacturers.
What Are the Primary Growth Drivers for the Torque Vectoring Market?
The upward trajectory in autonomous vehicle trends is projected to propel the torque vectoring market's expansion. An autonomous vehicle is a self-operating mechanism, independent of human instructions. It utilizes sensors such as radar, lidar, and cameras to perceive its environment. By reducing power wastage due to wheel slide and other inefficiencies, torque vectoring enhances the energy efficiency of autonomous vehicles. For instance, a research report from the Insurance Institute for Highway Safety, a non-profit organization in the U.S, predicted 3.5 million autonomous vehicles on American roads by 2025, in December 2022. This figure is expected to rise to 4.5 million by 2030. Hence, the rising trends in autonomous vehicles are fueling the expansion of the torque vectoring market. The role of Fuel Consumption Efficiency in the Growth of the Torque Vectoring Market
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Who Are the Dominant Companies Influencing Torque Vectoring Market Trends?
Major companies operating in the torque vectoring market report are Robert Bosch GmbH, Tesla Inc., Audi AG, ZF Friedrichshafen AG, Continental AG, Magna International Inc., Eaton Corporation, Mitsubishi Motors Corporation, Schaeffler AG, BorgWarner Inc., JTEKT Corporation, Denso Corporation, Dana Incorporated, Linamar Corporation, GKN Automotive Limited, American Axle & Manufacturing Inc., Haldex Ltd., Ricardo PLC, Univance Corporation, Prodrive Holdings Ltd., Getrag B.V. & Co. KG, Koenigsegg Automotive AB, Modelon AB, Drako Motors Inc., Hofer Powertrain GmbH
How Is the Torque Vectoring Market Evolving?
Leading firms in the torque vectoring industry are investing in developing innovative advancements such as advanced E-Powertrain technologies. These techniques aim to maximize vehicle performance, elevate energy efficiency, and offer enhanced handling and stability across diverse driving scenarios. The concept of advanced E-Powertrain technologies involves the integration of electric powertrains comprising electric motors, batteries, and control systems to improve energy efficiency and performance. To illustrate, GKN Automotive, a renowned UK automotive firm, launched a new-generation inverter in June 2022. The up-to-date inverter emerges as a significant breakthrough in electric vehicle technology, intended to elevate performance and sustainability. As a critical element of GKN's modular eDrive platform, the innovative inverter can adapt to both 800V and existing 400V systems, making it highly versatile across several OEM applications. The novel inverter provides a 20% surge in power output relative to its antecedent, thus heightening the overall efficiency of electric drivetrains.
What Are the Different Segmentations in the Torque Vectoring Market?
The torque vectoring market covered in this report is segmented -
1) By Clutch Actuation Type: Hydraulic Clutch, Electronic Clutch
2) By Vehicle Type: Light Commercial Vehicles, Heavy Commercial Vehicles, Passenger Car
3) By Propulsion: Front Wheel Drive (FWD), Rear Wheel Drive (RWD), All Wheel Drive (AWD) Or Four Wheel Drive (4WD)
4) By Technology: Active Torque Vectoring System (ATVS), Passive Torque Vectoring System (PTVS)
Subsegments:
1) By Hydraulic Clutch: Conventional Hydraulic Clutch Systems, Advanced Hydraulic Actuation Systems
2) By Electronic Clutch: Electrohydraulic Clutch Systems, Fully Electric Clutch Systems
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Which Region Is at the Forefront of the Torque Vectoring Market?
North America was the largest region in the torque vectoring market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the torque vectoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Torque Vectoring Global Market Report?
- Market Size Analysis: Analyze the Torque Vectoring Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Torque Vectoring Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Torque Vectoring Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Torque Vectoring Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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