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From 2024–2031, experts predict that the worldwide torque vectoring market will expand from an initial valuation of $7.18B in 2023 to a final valuation of $29B in 2031, a compound annual growth rate (CAGR) of 16.5%.
When it comes to finding and using the power of the wheels, torque vectoring is crucial. It provides the driver with greater control over the vehicle by enhancing its handling, stability, grip, and performance. A driver's ability to shift or modulate the torque applied to a certain wheel or axle is highly customizable. Additionally, it incorporates speed control, which helps transfer the vehicle's weight to the intended wheel for improved traction. Different manufacturers use different types of torque vectoring, which can be front-, rear-, or all-wheel. The system is always improving to keep up with the functional advancements in the car industry.
Two methods exist for torque vectoring; the first is a straightforward and cheap one that uses brakes, and the second is more involved and uses active differentials. There is a growing integrational requirement for torque vectoring due to the rising demand for high-performance and luxury automobiles that must adhere to safety regulations. In addition, new opportunities presented by technical advancements should help the torque vectoring market expand smoothly over the next few years. Concurrently, the industry can anticipate additional growth due to the innovation that electric automobiles and concept cars are likely to introduce. Its strongest suit is keeping the car's weight, price, and performance in harmony with one another.
Torque vectoring is a technological advancement that allows each wheel to receive torque separately while still carrying out the essential functions of a conventional differential. The market for torque vectoring is expanding due to users' growing worries about vehicle dynamics and safety. As more sophisticated safety features are implemented for both premium and various types of commercial vehicles, the torque vectoring industry is experiencing growth.
A comprehensive and expertly crafted research study of the transportation and automotive sector, the "Global Torque Vectoring Market Analysis to 2031" examines the worldwide market trends in great detail. With breakdowns by technology, propulsion, electric vehicle, and area, this research intends to give a bird's-eye view of the torque vectoring industry. The research gives essential data on the current state of the market for torque vectoring, as well as important trends and opportunities in the industry.
To improve the driving experience and give the driver more control, modern cars use a technique called torque vectoring, which involves distributing the force generated by the engine evenly among the wheels or axle. This enhances the traction of the tires on the road, which in turn reduces the likelihood of sliding and makes handling tight curves much easier. In addition, the type of vehicle greatly determines the possible torque vectoring type, which in turn has quite variable properties.
The investment in R&D by original equipment manufacturers (OEMs) and other value chain ecosystem participants is fueling the worldwide torque vectoring industry. Significant providers of components/hardware, solutions, and services, these OEMs are key players in the industry. Their focus is squarely on perfecting handling, as well as establishing independent left/right power distribution and torque, to cater to a variety of driving conditions. As an example, Hyundai's in-house torque vectoring control software is being developed by engineers at the moment; it functions similarly to a virtual limited slip differential.
Nevertheless, the market growth is being hindered by the high investment cost of torque vectoring. The majority of the budget goes into hardware and software that are tailor-made for the specific power and engine capacity of the vehicle. Also, due to limited funding for R&D, small and medium-sized firms can't afford to spend in research and development as the major manufacturers are, so they can't compete with their superior torque solutions. In this scenario, the market expansion could be hindered because most small and medium-sized firms operate on a regional level. In addition, the market can be momentarily limited due to a worldwide scarcity of critical components such as semiconductors and chip sets.
The COVID-19 pandemic has had a devastating effect on the transportation, automotive, and associated industries. Global lockdown scenarios caused by the COVID-19 virus's sudden appearance have resulted in an unprecedented string of border closures. The car industry has seen the effects of this worldwide supply chain disruption. People were unable to travel freely due to this outbreak. The consumer's purchasing power was also reduced due to wage cuts or job losses. The torque vectoring market was also impacted on the supply side by limitations such as a lack of workers at the production site. Nevertheless, this sector is expected to experience significant growth following the epidemic.
Report Coverage
Global Torque Vectoring research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Torque Vectoring report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Torque Vectoring competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Torque Vectoring market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Torque Vectoring market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Torque Vectoring market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Oerlikon Graziano (Italy), Continental AG (Germany), ZF (Germany), GKN (UK), JTEKT (Japan), Bosch (Germany), American Axle (US), Schaeffler (Germany), BorgWarner (US), Ricardo (UK), Timken (US), Univance (Germany), Getrag (Canada), Eaton (Ireland), Dana (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Torque Vectoring market based on the below-mentioned segments:
Global Torque Vectoring Market, By Vehicle Type
Light Commercial Vehicles
Heavy Commercial Vehicles
Passenger Car
Global Torque Vectoring market, By Propulsion
Front Wheel Drive (FWD)
Rear Wheel Drive (RWD)
All Wheel Drive/Four Wheel Drive (AWD/4WD)
Global Torque Vectoring Market, By Technology
Active Torque Vectoring System (ATVS)
Passive Torque Vectoring System (PTVS)
Global Torque Vectoring market, Regional Analysis
When it comes to finding and using the power of the wheels, torque vectoring is crucial. It provides the driver with greater control over the vehicle by enhancing its handling, stability, grip, and performance. A driver's ability to shift or modulate the torque applied to a certain wheel or axle is highly customizable. Additionally, it incorporates speed control, which helps transfer the vehicle's weight to the intended wheel for improved traction. Different manufacturers use different types of torque vectoring, which can be front-, rear-, or all-wheel. The system is always improving to keep up with the functional advancements in the car industry.
Two methods exist for torque vectoring; the first is a straightforward and cheap one that uses brakes, and the second is more involved and uses active differentials. There is a growing integrational requirement for torque vectoring due to the rising demand for high-performance and luxury automobiles that must adhere to safety regulations. In addition, new opportunities presented by technical advancements should help the torque vectoring market expand smoothly over the next few years. Concurrently, the industry can anticipate additional growth due to the innovation that electric automobiles and concept cars are likely to introduce. Its strongest suit is keeping the car's weight, price, and performance in harmony with one another.
Torque vectoring is a technological advancement that allows each wheel to receive torque separately while still carrying out the essential functions of a conventional differential. The market for torque vectoring is expanding due to users' growing worries about vehicle dynamics and safety. As more sophisticated safety features are implemented for both premium and various types of commercial vehicles, the torque vectoring industry is experiencing growth.
A comprehensive and expertly crafted research study of the transportation and automotive sector, the "Global Torque Vectoring Market Analysis to 2031" examines the worldwide market trends in great detail. With breakdowns by technology, propulsion, electric vehicle, and area, this research intends to give a bird's-eye view of the torque vectoring industry. The research gives essential data on the current state of the market for torque vectoring, as well as important trends and opportunities in the industry.
To improve the driving experience and give the driver more control, modern cars use a technique called torque vectoring, which involves distributing the force generated by the engine evenly among the wheels or axle. This enhances the traction of the tires on the road, which in turn reduces the likelihood of sliding and makes handling tight curves much easier. In addition, the type of vehicle greatly determines the possible torque vectoring type, which in turn has quite variable properties.
The investment in R&D by original equipment manufacturers (OEMs) and other value chain ecosystem participants is fueling the worldwide torque vectoring industry. Significant providers of components/hardware, solutions, and services, these OEMs are key players in the industry. Their focus is squarely on perfecting handling, as well as establishing independent left/right power distribution and torque, to cater to a variety of driving conditions. As an example, Hyundai's in-house torque vectoring control software is being developed by engineers at the moment; it functions similarly to a virtual limited slip differential.
Nevertheless, the market growth is being hindered by the high investment cost of torque vectoring. The majority of the budget goes into hardware and software that are tailor-made for the specific power and engine capacity of the vehicle. Also, due to limited funding for R&D, small and medium-sized firms can't afford to spend in research and development as the major manufacturers are, so they can't compete with their superior torque solutions. In this scenario, the market expansion could be hindered because most small and medium-sized firms operate on a regional level. In addition, the market can be momentarily limited due to a worldwide scarcity of critical components such as semiconductors and chip sets.
The COVID-19 pandemic has had a devastating effect on the transportation, automotive, and associated industries. Global lockdown scenarios caused by the COVID-19 virus's sudden appearance have resulted in an unprecedented string of border closures. The car industry has seen the effects of this worldwide supply chain disruption. People were unable to travel freely due to this outbreak. The consumer's purchasing power was also reduced due to wage cuts or job losses. The torque vectoring market was also impacted on the supply side by limitations such as a lack of workers at the production site. Nevertheless, this sector is expected to experience significant growth following the epidemic.
Report Coverage
Global Torque Vectoring research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Torque Vectoring report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Torque Vectoring competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Torque Vectoring market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Oerlikon Graziano (Italy), Continental AG (Germany), ZF (Germany), GKN (UK), JTEKT (Japan), Bosch (Germany), American Axle (US), Schaeffler (Germany), BorgWarner (US), Ricardo (UK), Timken (US), Univance (Germany), Getrag (Canada), Eaton (Ireland), Dana (US) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Torque Vectoring Market from 2021 to 2031.
- Market Forecast for Torque Vectoring Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Torque Vectoring competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Torque Vectoring
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Torque Vectoring market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Torque Vectoring market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Oerlikon Graziano (Italy), Continental AG (Germany), ZF (Germany), GKN (UK), JTEKT (Japan), Bosch (Germany), American Axle (US), Schaeffler (Germany), BorgWarner (US), Ricardo (UK), Timken (US), Univance (Germany), Getrag (Canada), Eaton (Ireland), Dana (US)
Primary Target Market
- Market Players of Torque Vectoring
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Torque Vectoring market based on the below-mentioned segments:
Global Torque Vectoring Market, By Vehicle Type
Light Commercial Vehicles
Heavy Commercial Vehicles
Passenger Car
Global Torque Vectoring market, By Propulsion
Front Wheel Drive (FWD)
Rear Wheel Drive (RWD)
All Wheel Drive/Four Wheel Drive (AWD/4WD)
Global Torque Vectoring Market, By Technology
Active Torque Vectoring System (ATVS)
Passive Torque Vectoring System (PTVS)
Global Torque Vectoring market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the torque vectoring market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.