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Future of Torque Vectoring Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.What Is the Projected Market Size Valuation of the Torque Vectoring Market by 2025?
In the last few years, there has been a swift expansion in the market size of torque vectoring. Projected to increase from $10.76 billion in 2024 to $12.48 billion in 2025, it displays a compound annual growth rate (CAGR) of 15.9%. The growth observed in the previous years is credited to factors such as enhanced traction and stability, increased safety measures, competitive market conditions, the desire of consumers for improved driving dynamics, and concerns regarding environmental impact and fuel efficiency.
What Is the Estimated Market Growth Value for the Torque Vectoring Industry in 2029?
The market size for torque vectoring is anticipated to experience a significant increase in the coming years. It's projected to reach a value of $21.97 billion in 2029, with a compound annual growth rate (CAGR) of 15.2%. The expected growth during this period is due to factors such as the development of autonomous vehicles, solutions for urban mobility, adherence to regulatory protocols and safety norms, cybersecurity incorporation, and the emergence of rear-wheel torque vectoring. Key trends during this forecast period comprise advanced sensor technologies for accurate control, AI-driven torque vectoring algorithms, integration with vehicle stability control systems, adaptable driver settings, and partnerships with tire-producing companies.
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What Are the Growth Drivers and Opportunities in the Torque Vectoring Market?
The projected increase in self-driving vehicles is predicted to contribute to the expansion of the torque vectoring market. Autonomous vehicles are designed to operate without human intervention, making use of various sensors such as radar, lidar, and cameras to map out their environment. Torque vectoring enhances the energy efficiency of these vehicles by reducing the power wasted through wheel slide and other inefficiencies. For example, a report from the United States' non-profit organization, the Insurance Institute for Highway Safety, projected in December 2022 that American roads can expect to see 3.5 million autonomous vehicles by 2025, with this figure increasing to 4.5 million by 2030. Due to these estimations, the proliferation of autonomous vehicles is fuelling the growth of the torque vectoring market.
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What Are the Primary Segments Covered in the Global Torque Vectoring Market Report?
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
What Are the Top Growth Trends in the Torque Vectoring Market?
Leading organizations operating in the torque vectoring sector are concentrating on the creation of advanced technologies such as innovative E-Powertrain systems to improve vehicle performance, energy efficiency and handling, and stability in diverse driving conditions. Advanced E-Powertrain technologies involve integrated electric drivetrains that merge electric motors, batteries, and control systems for energy efficiency and performance optimization. For instance, GKN Automotive, a UK-based manufacturer of driveline components in the automotive industry, introduced a next-generation inverter in June 2022. This major breakthrough in EV technology aims to enhance performance and sustainability. Being a central part of GKN's modular eDrive platform, this newly launched inverter is adaptable to both 800V and the current 400V systems, making it suitable for various original equipment manufacturer (OEM) applications. As compared to its forerunner, this new inverter offers a 20% rise in power output, enhancing the overall efficiency of electric drivetrains.
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Which Companies Are Shaping the Future of the Torque Vectoring Market?
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
Which Region Holds the Largest Market Share in the Torque Vectoring Industry?
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
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