Torque Vectoring Market Demand, Sales, Consumption and Forecasts to forecast 2029

[Akash Ra]

Torque Vectoring Market size was valued at USD 8.65 Billion in 2022 and the global Torque Vectoring Market is expected to grow at a CAGR of 16.88% from 2023 to 2029, reaching nearly USD 30.12 Billion.

Torque Vectoring Market Overview

Recently published Torque Vectoring Market Report by Maximize Market Research is available in the market. Maximize Market research is an international business consultancy firm, serving large and medium size players across the world. It has got clients in the capital of various segments in more than 34 countries.

The research analyst, Ms. Dharati Raut has said the hat APAC region is a lucrative opportunity for manufacturers for the next ten years. The impact of the market is normal after the Covid Lockdown has been analyzed in the report and the market is showing an upward trend even in the midst of economic growth.

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Market Scope 

During the forecast, the Torque Vectoring market is developing at a stable rate between 2021 and 2029. Due to the efforts of industry participants, the market is forecast to grow significantly between 2021 and 2029.

In addition to the development process, the report provides the cost structures and the development goal and objectives. Import/export consumption, supply and demand, cost, price, share, sales volume, revenue, and gross margins are all covered in this Torque Vectoring market research. In the Torque Vectoring market, the research looks at each producer's manufacturing sites, capacity, production, ex-factory price, market price, sales revenue, and market share. The United States, Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, and Brazil are among the nations involved.

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Segmentation

Based on Vehicle Type, Passenger vehicle segment is expected to grow at a CAGR of 17.34% over forecast period. This growth is driven by passenger vehicles are typically equipped with more advanced features and systems than light commercial vehicles. Additionally, the growing demand for high-performance vehicles and the integration of torque vectoring systems with ADAS technologies are expected to drive growth in the passenger car segment.

Based on Propulsion, The AWD/4WD segment is expected to account for the largest share of the torque vectoring market, driven by the increasing demand for SUVs and other off-road vehicles. However, the RWD segment is also expected to experience growth, particularly in the high-performance vehicle segment. The FWD segment is expected to have a smaller share of the market, but may still see some growth as manufacturers continue to innovate and develop new torque vectoring systems for these vehicles.

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Key Players

• JTEKT Corporation
• Continental AG
• GKN plc
• BorgWarner Inc.
• Schaeffler AG
• ZF Friedrichshafen AG
• Eaton Corporation
• Magna International Inc.
• Mitsubishi Electric Corporation
• Dana Incorporated
• American Axle & Manufacturing Holdings, Inc.
• Robert Bosch GmbH
• AVL List GmbH
• Ricardo plc
• Oerlikon Graziano
• Infineon Technologies AG
• Timken

Regional Analysis

The report on the Torque Vectoring Market's growth provides a detailed regional analysis. It demonstrates the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, has global influence. To keep ahead of the competition, market research gains a better perspective and understanding of the market and target audience.

Key Questions answered in the Torque Vectoring Market Report are:

• What is Torque Vectoring Market?
• What is the forecast period of the Torque Vectoring Market?
• What is the competitive scenario of the Torque Vectoring market?
• Which region held the largest market share in the Torque Vectoring Market?
• What are the opportunities for the Torque Vectoring Market?
• What factors are affecting the Torque Vectoring market growth?
• Who are the key players of the Torque Vectoring market?
• Which company held the largest share in the Torque Vectoring market?
• What will be the CAGR of the Torque Vectoring market during the forecast period?
• What key trends are likely to emerge in the Torque Vectoring market in the coming years?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Torque Vectoring
• Landscape- Leading key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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