Global Torque Converter Market segmented by battery Type (AT, CVT, and DCT), Component (Clutch Plate, Damper, Impeller, Turbine, and Stator), Vehicle (Passenger Car and Commercial Vehicle), and by Regions – Global Forecast To 2023.
Torque Converter Market Key Players Analyzed in Report Are:
Transtar (US), EXEDY (Japan), Yutaka Giken (Japan), BorgWarner, Inc. (US), and Sonnax Industries (US), Schaeffler (Germany), ZF Friedrichshafen (Germany), Aisin (Japan), Valeo S.A. (France), KAPEC (South Korea).
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Torque Converter Market Insights:
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.
The report for Global Torque Converter Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
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.
Detailed Regional Outlook:
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 market 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 torque converter market.
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Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
List Of Figures:
FIURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 VALUE CHAIN ANALYSIS
FIGURE 8 GLOBAL TORQUE CONVERTER MARKET SHARE, BY TYPE, 2016 (%)
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