Torque Converter Market 2018 Global Industry Share, Size, Trends, Competitive Analysis, Growth, Leading Players, And Regional Forecast To 2023

Torque Converter Market 2018 Global Industry Forecast to 2023 Report, is latest Global Torque Converter Industry research report published by “Market Research Future”. Torque Converter Market Size is poised to grow at strong compound annual growth rate and reach remarkable market value by 2023 globally.

Pune, India - December 14, 2018 /MarketersMedia/ —

For depth analysis, Global Torque Converter Market is segmented by battery Type (AT, CVT, and DCT), Component (Clutch Plate, Damper, Impeller, Turbine, and Stator), Vehicle (Passenger Car and Commercial Vehicle), and Regions.

Global Torque Converter Market Highlights:

With major manufacturers gunning toward enhanced vehicle efficiency, and technological developments in the torque converter, market is expected to propel the demand in the market. With torque converters that can function under higher internal pressure and greater instantaneous force, ultimately enhancing the vehicles performance, the market is poised for rapid growth in the forecast period. Increasing demand for automatic vehicles and high-end vehicles is also expected to significantly contribute in the growth of the market. The rising demand for driver assistance systems, along with the increased use of electronics in vehicles, will further augment the demand for torque converters.

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Torque Converter Market Key Companies Studied in this report are Schaeffler (Germany), ZF Friedrichshafen (Germany), Aisin (Japan), Valeo S.A. (France), KAPEC (South Korea), Transtar (US), EXEDY (Japan), Yutaka Giken (Japan), BorgWarner, Inc. (US),  and Sonnax Industries (US).

With torque converters that can function under higher internal pressure and greater instantaneous force, ultimately enhancing the vehicles performance, the market is poised for rapid growth in the forecast period. Increasing demand for automatic vehicles and high-end vehicles is also expected to significantly contribute in the growth of the market. The rising demand for driver assistance systems, along with the increased use of electronics in vehicles, will further augment the demand for torque converters.  

Torque Converters are devices that act as a bridge between the transmission and the engine. The key characteristic of a torque converter is its ability to multiply the torque when there is a substantial difference between input and output of the engine’s rotation. A torque converter is a type of fluid coupling that allows the engine to spin to some extent, independent of the transmission. The growth of the torque converter is directly proportional to the growth in the automatic transmission vehicle market. With automatic transmission vehicles, specifically passenger vehicles are witnessing rapid growth in demand, which is expected to positively impact the torque converter market.

Market Segments Analysis:

The market for torque converter systems is expected to grow with an increase in demand for automobile, majorly in the United States and the European region. There is an immense demand of commercial vehicles in United States. With the increase in demand of commercial vehicles there is an increase in demand for torque converter systems market. Additionally, with manufacturers increasingly integrating torque converters in medium-duty and heavy-duty trucks the torque converter market is expected to register high growth rate in this region. The growth of the European region is also driven by the presence of major auto manufacturers, which are mainly focusing on meeting the increasing demand for passenger and commercial vehicles. Owing to all these factors, the market is expected to witness rapid growth.

Due to the presence of the most populous countries of the world such as China and India, the dominance of APAC becomes evident in the global Torque Converter systems market value. Aggressive growth in the Asian automotive market, is expected to boost the demand in the Torque Converter industry in this region. The market has been experiencing rapid growth in the last two years owing to the rising sales of passenger cars, emerging economies, shifting of global players and technological advancements are giving a much-needed thrust to the Torque Converter systems market.  Rampant rise in vehicle production in the Asia Pacific region, is also expected to be the major contributor in the growth of the market.

Research Methodology:

Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.

The report gives the clear picture of current Torque Converter market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Table Of Contents:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Stud

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4.1 Introduction

4.2 Forward Collision Warning

4.3 Dynamic Brake Support

4.4 Crash Imminent Braking

Continued…

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