The global demand for Automotive Torque Converter Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2021 - 2027. Whereas with regards to volume, the market was calculated XX Kilo Unit in 2020 and foreseen to touch XX Kilo Unit by 2028 with a CAGR of XX% during 2021-2027.
An automotive torque converter is a type of coupling which conveys rotating power from a prime mover to a driven load in a vehicle with an automatic transmission. It is sealed units situated between the engine's flexplate. The torque converter uses a liquid medium as transmission fluid. An automotive torque converter plays the same function in an automatic vehicle as a clutch in a manual vehicle allowing the engine to keep running as the wheels come to a stop.
The rising application of automatic transmission in modern vehicles is projected to grow the global automotive torque converter market. The demand for the automotive torque converter is proportional to automatic transmission cars. The torque converter’s ability to multiply torque when the output rotational speed is low is a factor contributing significantly to the increased sale. Emerging adoption of torque converters in commercial vehicles is anticipated to present opportunities. The growing adoption of automatic transmission in commercial vehicles are steered by the increasing construction activities, rising freight, and logistics sectors.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of automotive torque converter.
The report segments the automotive torque converter market and analyses it with respect to the geography, intending to keep the marketer informed and help them identify the target demographics for the product or service.
By Transmission Type
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
This section covers regional segmentation which accentuates on current and future demand for automotive torque converter market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Automotive Torque Converter Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive torque converter market include Aisin Seiki Co. Ltd., BorgWarner Inc., Continental AG, Delphi Technologies, EXEDY Corporation, Isuzu Motors Limited, JATCO Ltd., Precision Industries, Schaeffler AG, Sonnax Transmission Company Inc., Transtar Industries Inc.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.