Global Torque Converter Market Analysis and Value Forecast Snapshot by End-use Industry 2017-2023
We have produced a new premium report Torque Converter Market. The report covers the analysis of global as well as regional markets of Torque Converter. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Torque Converter Market by components (clutch plate, impeller, turbine, damper, and stator), transmission type (automatic, continuously variable, dual-clutch transmission), vehicle type (passenger, commercial vehicle), and hybrid vehicle (hybrid electric vehicle) through main geographies in the Global Market such as North America, Europe, Asia-Pacific and RoW.
The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Torque Converter Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Torque Converter Market are Aisin, BorgWarner, Schaeffler, Valeo, ZF Friedrichshafen, Transtar, Kapec, Exedy, Yutaka Giken, and Sonnax Industries.
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Driver assistance systems to promote growth in the torque converter market over 2017 to 2023
A torque converter can be identified as a device that acts as a link between the transmission and the engine that allows a vehicle engine to spin separately from the transmission. Rising demand for automatic transmission systems is one of the primary factors that will fuel the growth of the automotive torque converter market over the upcoming years. Additionally, the growth of the automatic transmission market is expected to be driven by the rising demand for driver assistance systems, along with the increased use of electronics in the vehicle, and this will further augment the demand for torque converters. Moreover, the increase in the demand for more comfort and safety is driving the technological shift from the manual transmission to the automatic transmission is providing huge growth opportunities for the key players in the torque converter market.
Europe to emerge as the most lucrative market over the next 6 years
Europe dominated the torque converter market followed by Asia pacific. Moreover, the projections for growth of the torque converter market in America will be significantly affected by the increased adoption of automatic transmissions in heavy-duty and medium trucks. Omkar Harne a research analyst at Infinium Global Research quoted that the torque converter market is expected significant opportunities in Asia Pacific regions of fastest growing nations like India, Japan, and China for its OEM segment to experience highest growth that demands automatic transmission.
Mergers and Acquisitions to remain key expansion strategies of the leading players in the torque converter market between 2017-2023.
The leading companies identified in the market are Schaeffler, ZF Friedrichshafen, Aisin (Japan), Valeo S.A. Moreover Mercedes revealed face-lifted C-class with a 9-speed torque converter equipped automatic transmission. Additionally, Schaeffler is one of the leading players in the market. The company has a wide product portfolio and supplies torque converters to several OEMs.
The report on global torque converter market covers segments such as components, transmission type, vehicle type, and hybrid vehicle. The components segments include clutch plate, impeller, turbine, damper, stator, and others. On the basis of transmission type the global torque converter market is categorized into automatic transmission, continuously variable transmission, and dual-clutch transmission. Furthermore, on the basis of vehicle type the torque converter market is segmented as passenger vehicle, and commercial vehicle. On the basis of hybrid vehicle the torque converter market is segmented as plug- in hybrid electric vehicle, hybrid electric vehicle.
Major Key Players Mentioned in this Premium Report
The report provides profiles of the companies in the global torque converter market such as, Aisin, BorgWarner, Schaeffler, Valeo, ZF Friedrichshafen, Transtar, Kapec, Exedy, Yutaka Giken, and Sonnax Industries.
Browse Detailed TOC, Description and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/automotive/global-torque-converter-market
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global torque converter market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of torque converter market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the torque converter market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the torque converter market to understand the present and future trends in this market and formulate their strategies accordingly.