The latest report by IMARC Group, titled “Torque Vectoring Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the torque vectoring market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global torque vectoring market size reached US$ 10.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.8 Billion by 2032, exhibiting a growth rate (CAGR) of 13.66% during 2024-2032.
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Torque Vectoring Market Overview:
Torque vectoring is a sophisticated vehicle technology designed to enhance handling and stability by dynamically distributing power to individual wheels. This system allows cars, particularly those with all-wheel drive, to improve cornering performance and minimize understeer or oversteer, particularly in sharp turns or during fast maneuvers.
Torque vectoring works by utilizing the vehicle's electronic control units, sensors, and software algorithms to monitor driver inputs and road conditions in real-time. It adjusts the torque sent to each wheel based on several factors, including speed, wheel rotation, and steering angle. In practical terms, when a vehicle enters a corner, torque vectoring can reduce power to the inner wheels and increase torque to the outer wheels, which helps propel the car through the turn more effectively. This selective distribution of power not only aids in sharper, more precise steering but also improves safety by enhancing grip and control.
Torque Vectoring Market Trends:
The increasing demand for high-performance vehicles and stringent environmental regulations are driving the global market. Torque vectoring technology enhances vehicle handling and safety by distributing torque to individual wheels, allowing for better traction and stability during various driving conditions. Additionally, as global emissions standards become more rigorous, automakers are compelled to explore technologies that improve fuel efficiency and reduce emissions. Torque vectoring systems can contribute to these goals by optimizing power distribution, thereby enhancing the overall efficiency of vehicles.
Furthermore, the rise of electric vehicles (EVs) has significantly impacted the torque vectoring market. Electric drivetrains, which can independently control the torque delivered to each wheel, are ideally suited to implement torque vectoring systems. This adaptability is critical for improving the handling and performance of EVs, thus making torque vectoring an attractive feature for this rapidly growing segment. The market is also influenced by advancements in automotive electronics and software, which enable more sophisticated and responsive torque vectoring systems.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- American Axle & Manufacturing Inc.
- Borgwarner Inc.
- Eaton Corporation Plc
- GKN Ltd. (Melrose Industries PLC)
- Magna International Inc.
Torque Vectoring Market Segmentation:
Our report has categorized the market based on technology, actuation type, vehicle type, and propulsion.
Technology Insights:
- Active Torque Vectoring System (ATVS)
- Passive Torque Vectoring System (PTVS)
Clutch Actuation Type Insights:
- Hydraulic Clutch
- Electronic Clutch
Vehicle Type Insights:
- Passenger Car
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Propulsion Insights:
- Front Wheel Drive (FWD)
- Rear Wheel Drive (RWD)
- All Wheel Drive/Four Wheel Drive (AWD/4WD)
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a leading market research firm that provides management strategy and market research worldwide. We work with clients in every sector and geography to identify their most valuable opportunities, address their most important challenges and transform their businesses.
The IMARC Group's information offerings include key market trends, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high technology sectors. Market forecasts and industry analysis in biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and innovative processing methods are among the company's top areas of expertise.
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