About Torque Converter
The torque converter is an extremely important and crucial component in an automatic transmission. It helps to handle conventional coupling by separating the engine and the transmission and then reconnecting it. Growth in the automotive industry in developing countries boosting the demand for torque converter in the forecasted period.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Torque Converter market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Schaeffler (Germany), ZF (Germany), Aisin (Japan), Valeo (France), BorgWarner (United States), EXEDY (Japan), Mercedes-Benz (Germany), Ford (United States), Toyota (Japan) and Hyundai (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Volkswagen Group (Germany), TATA (India) and Sonnax Transmission Company, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Torque Converter market by , Application (Passenger Car and Commercial Vehicle) and Region.
On the basis of geography, the market of Torque Converter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Transmission, the sub-segment i.e. Automatic Transmission (AT) will boost the Torque Converter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Clutch Plate will boost the Torque Converter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Torque Converter Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Rising Sale of Heavy Electric Vehicles
- Increasing Demand for Automatics
- Increasing urbanization and rising disposable income per capita are driving the market growth of torque converters.
|
Influencing Trends | - Advancement in Torque Converters Technologies
|
Restraints | - High Cost of Repairs
- Unorganized retail sector in some developing countries
|
Road Blocks / Challenges | - Low Fuel Efficiency in Automatic Transmission Vehicles
|
Gaps & Opportunities | - Increasing Use of DCT Transmission
- Rising Research and Development Activites to Increase the Operational Efficiency of a Torque Converter
|
In Jan 2019, ZF is now offering its established Sachs torque converters for 6HP transmissions for vehicles produced by Audi, Aston Martin, BMW, Jaguar, Land Rover, Porsche, Skoda, and the VW Group.
Key Target Audience
Torque converter manufacturers, Torque converter components manufacturers, Original Equipment Manufacturers (OEM), Potential Investors and Automotive Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.