Torque Converter Market: 2018 Global Industry Size, Share, Trends, Emerging Technologies, Regional Analysis, Competitive Landscape Forecast to 2023

“\”\”Torque Converter Market\”\””
Torque Converter Market rapidly growing with Whooping CAGR by forecast period of 2018 To 2023. According to latest research report published on Torque Converter Market 2018 – Global Forecast To 2023, this Torque Converter Market is driven by factors such as rise in demand of automatic transmission vehicle, rise in demand of driver assistance systems and high end vehicles will further increase the demand for torque converters. The automotive Torque Converter market is completely dependent on the high end vehicles. T

Torque Converter Market Scenario:

This published research report of 111 pages analyzes Torque Converter Market by battery Type (AT, CVT, and DCT), Component (Clutch Plate, Damper, Impeller, Turbine, and Stator), Vehicle (Passenger Car and Commercial Vehicle), and by Regions with Global Forecast To 2023.

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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.

Torque Converter Market Key Industry Players Analyzed In Report Are: The key players of global torque converter market 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).

North America had the better prospects for growth of torque converter in commercial vehicles. Since, the ease of comfort level for drivers, low driving skill and high fuel efficiency will attract the fleet owners to invest in torque converters. Additionally, the increased demand for hybrid electric vehicles and electric vehicles will drive the market for torque converters significantly in this segment. The automotive industry as a whole is a capital intensive industry. Development of electric cars, autonomous and connected cars require constant research & development support thus resulting in extensive capital investment at a constant rate.

Market Segmentation:

The Global Automotive Torque Converter Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

  • Segmentation by Type: Automatic Transmission, Continuously Variable Transmission, Dual-Clutch Transmission.
  • Segmentation by Component: Clutch Plate, Damper, Impeller, Turbine, Stator
  • Segmentation by Vehicle Type: Comprises Passenger vehicle, Commercial vehicle
  • Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Regional Analysis:

Asia-Pacific market is dominating the market of automotive Torque Converter market due to growth in automotive sector. Dominance of APAC countries such as China and India are driving the market for automotive Torque Converters. The market in the developing countries is largely driven by rising sales of passenger cars, technology advancement, shifting of global players, which helps in production of motor vehicles and other manufacturing output. North America is referred to as the second-largest automotive Torque Converters market due to factors such as immense demand for commercial vehicles have fuelled the demand for vehicles in the country

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. The report gives the clear picture of current 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.

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