Torque Vectoring Market Evaluated to Grow at $31.8 billion by 2031, Fueled by Strong CAGR of 15.2%
Torque Vectoring Market
The torque vectoring market share is segmented on the basis of vehicle type, propulsion, technology, clutch actuation type, and region.
WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, April 17, 2024 /EINPresswire.com/ -- The ๐๐จ๐ซ๐ช๐ฎ๐ ๐๐๐๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ was valued at $8.1 billion in 2021, and is estimated to reach $31.8 billion by 2031, growing at a CAGR of 15.2% from 2022 to 2031. Increase in the global average share of electric vehicles in vehicle sales, rise in the use of commercial and passenger vehicles across industries, surge in the number of government alliances, and strict regulations to reduce carbon emissions globally drive the growth of the global torque vectoring market.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A31887
Torque vectoring refers to the force that is produced in the carโs engine, which is evenly distributed among the wheels or axle to provide efficient control to the driver as well as to improve the driving experience of a car. This improves the car tire grip on the road, which prevents skidding and provides better control over the car at sharp corners. Moreover, there are different types of torque vectoring available that have very distinct characteristics and are highly dependent on the type of the vehicle.
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
ZF Friedrichshafen AG, American Axle & Manufacturing, Inc., univance corporation, jtekt corporation, BorgWarner, Continental AG, GKN Automotive Limited, Eaton Corporation, Bosch Ltd, Dana Incorporated
The report offers a detailed segmentation of the global torque vectoring market based on clutch actuation type, vehicle type, propulsion, technology, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/torque-vectoring-market/purchase-options
The report offers a comprehensive analysis of the global torque vectoring market trends by thoroughly studying different aspects of the market, including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working toward the growth of the market. Furthermore, the report sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are profiled in the report along with the Porterโs five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers & suppliers, threats of new players, and emergence of substitutes in the market.
By vehicle type, the Passenger Car segment contributed to around three-fifths of the global torque vectoring market share in 2021, and is projected to rule the roost by 2031. The same segment would also display the fastest CAGR of 16.3% throughout the forecast period. The other segments assessed through the study include light commercial vehicles, and heavy commercial vehicles segments.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
By region, North America held the major share in 2021, garnering nearly two-fifths of the global torque vectoring market revenue. However, the Asia-Pacific region would showcase the fastest CAGR of 17.4% throughout the forecast period. The other provinces studied through the report include Europe, and LAMEA.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A31887
By propulsion, the all-wheel drive/four-wheel drive (AWD/4WD) segment contributed to nearly three-fifths of the global torque vectoring market share in 2021, and is projected to rule the roost by 2031. The same segment would also cite the fastest CAGR of 16.5% throughout the forecast period. The report also discusses the front wheel drive (FWD), and rear wheel drive (RWD) segments.
The torque vectoring market share is segmented on the basis of vehicle type, propulsion, technology, clutch actuation type, and region. By vehicle type, it is classified into passenger car, light commercial vehicles, and heavy commercial vehicles. By propulsion, it is categorized into front wheel drive (FWD), rear wheel drive (RWD), and all-wheel drive/four wheel drive (AWD/4WD). By technology, it is bifurcated into active torque vectoring system (ATVS) and passive torque vectoring system (PTVS). By clutch actuation type, it is divided into hydraulic clutch and electronic clutch. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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By vehicle type, the passenger car segment emerged as the global leader in 2021 and is anticipated to be the fastest growing segment during the forecast period.
By propulsion, the all-wheel drive/four-wheel segment emerged as the global leader in 2021 and is anticipated to be the fastest-growing segment during the forecast period.
By technology, the passive torque vectoring system segment emerged as the global leader in 2021 and active torque vectoring system segment is anticipated to be the fastest-growing segment during the forecast period.
By clutch actuation type, hydraulic clutch segment emerged as the global leader in 2021 and is anticipated to be the fastest growing segment during the forecast period.
By region, the North America registered the highest market share in 2021 and Asia-Pacific is projected to show the highest growth rate during the forecast period.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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David Correa
Allied Market Research
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