The TechSci Research report titled “Torque Vectoring Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028” presents an in-depth analysis of the Global Torque Vectoring Market. Valued at USD 10.83 Billion in 2022, the market is projected to grow at a robust Compound Annual Growth Rate (CAGR) of 6.74% from 2024 to 2028. The report outlines the pivotal role played by torque vectoring technology in optimizing vehicle dynamics by selectively distributing torque to individual wheels, thereby enhancing traction, stability, and overall driving performance.
Here are the five key benefits derived from the research report:
- Consumer Preference for Advanced Driver Assistance Systems (ADAS) and Safety Features: The rising consumer demand for vehicles equipped with ADAS has propelled the torque vectoring market forward. These systems contribute to improved vehicle control during cornering, enhancing overall stability and reducing the risk of skidding or loss of traction.
- Vehicle Electrification: The global push toward vehicle electrification has significantly impacted the torque vectoring market. Electric and hybrid vehicles utilize torque vectoring technology to optimize power distribution between wheels, thereby enhancing efficiency and performance.
Browse over market data Figures spread through 180 Pages and an in-depth TOC on ” Global Torque Vectoring Market.” – https://www.techsciresearch.com/report/torque-vectoring-market/20383.html
- Shift to Electronic and Software-based Solutions: The market has shifted from traditional mechanical torque vectoring systems to more sophisticated electronic and software-based solutions. This evolution allows for greater precision, adaptability, and dynamic responses to changing driving conditions.
- Challenges and Competitive Landscape: Despite growth, challenges like high initial costs, integration complexities, and the need for standardized specifications persist. The competitive landscape is characterized by continuous innovation and strategic partnerships among various companies.
- Advancements and Future Outlook: The report underlines the dynamic nature of the market with continuous technological advancements, presenting torque vectoring as an integral feature in the next generation of vehicles across various segments.
Definition of Torque Vectoring: Torque vectoring refers to a vehicle dynamics technology that selectively distributes torque to individual wheels, optimizing traction, stability, and driving performance, especially during cornering and challenging road conditions.
The report encompasses regional insights highlighting the market trends across different regions:
- North America: The torque vectoring market in North America is influenced by consumer preferences for high-performance vehicles and stringent safety regulations. The technology is commonly integrated into high-performance sports cars and certain SUV models, aligning with safety standards.
- Europe: Recognized as a significant hub for torque vectoring technology, Europe exhibits a high adoption rate in luxury vehicles and advanced automotive technologies. Stringent emissions standards and a focus on innovation contribute to its widespread adoption in this region.
- Asia-Pacific: Varied trends are observed in torque vectoring adoption across countries like Japan, South Korea, China, and India. High-performance vehicles in developed markets and increasing consumer preferences for premium vehicles in emerging markets influence adoption.
- Latin America: The torque vectoring market in Latin America is shaped by economic conditions, consumer preferences, and regional regulations. While high-performance vehicles have traction in certain segments, economic factors may impact widespread adoption.
- Middle East and Africa: Influenced by the popularity of luxury vehicles and terrain diversity, this region exhibits potential for torque vectoring adoption, especially in SUVs and off-road vehicles, driven by the region’s challenging landscapes.
Understanding these regional dynamics is crucial for stakeholders navigating market trends, tailoring product offerings, and addressing unique challenges. It is recommended to consult the latest industry reports for the most up-to-date information in this evolving market landscape.
Major companies operating in Global Torque Vectoring Market are:
- Univance corporation
- Eaton Corporation
- Bosch Ltd
- GKN Automotive Limited
- American Axle & Manufacturing, Inc.
- Continental AG
- BorgWarner
- ZF Friedrichshafen AG
- Dana Incorporated
- Jtekt corporation
Customers can also request 10% free customization in this report.
“The torque vectoring market is poised for sustained growth, driven by a confluence of factors including the global shift toward electric vehicles, advancements in vehicle safety technologies, and the continuous pursuit of enhanced driving experiences. As automotive manufacturers increasingly prioritize innovation and performance, torque vectoring systems are likely to play a pivotal role in shaping the next generation of vehicles, contributing to improved efficiency, safety, and overall driving dynamics. Industry stakeholders should closely monitor these trends, adapt to evolving consumer preferences, and capitalize on opportunities arising from the intersection of automotive electrification and advanced safety features,” said Mr. Karan Chichi, Research Director with TechSci Research, a research-based management consulting firm.
“Torque Vectoring Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Propulsion (Front Wheel Drive (FWD), Rear Wheel Drive (RWD), All Wheel Drive/Four Wheel Drive (AWD/4WD)), By Technology (Active Torque Vectoring System (ATVS), Passive Torque Vectoring System (PTVS)), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Region, Competition, 2018-2028”, has evaluated the future growth potential of Global Torque Vectoring Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Torque Vectoring Market.
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