NEW YORK, Oct. 19, 2022 /PRNewswire/ — The latest report on the torque vectoring market estimates that the market size will register a growth of USD 15.34 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 22.72% during the forecast period, according to Technavio. Improved safety and vehicle dynamics are driving the market growth. However, factors such as the high cost and complexity of electric vehicle transmission will impede the market growth.
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Torque Vectoring Market 2022-2026: Scope
The torque vectoring market report covers the following areas:
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Torque Vectoring Market 2022-2026: Vendor Analysis
American Axle and Manufacturing Holdings Inc., BorgWarner Inc., Continental AG, Dana Inc., Eaton Corp. Plc, Ford Motor Credit Co. LLC, Hyundai Motor Co, JTEKT Corp., Linamar Corp., Magna International Inc., Melrose Industries Plc, Ricardo Plc, Robert Bosch GmbH, Schaeffler AG, Xtrac Ltd., and ZF Friedrichshafen AG are among some of the major market participants. The key offerings of some of these vendors are listed below:
- American Axle and Manufacturing Holdings Inc. – The company offers torque vectoring such as VecTrac, which provides AWD function in a front-wheel drive architecture.
- BorgWarner Inc. – The company offers torque vectoring such as torque converter clutch.
- Continental AG – The company offers torque vectoring such as aquaplaning assistance technology.
- Dana Inc. – The company offers torque vectoring such as TM4 TautronicTM AC S1 SC as a controller for AC Induction motor and mobile machine management.
- Eaton Corp. Plc – The company offers torque vectoring such as powerXL DG1 general-purpose variable frequency drives.
This report provides a full list of key vendors, their strategies, and the latest developments. Request a FREE PDF Sample Now
Torque Vectoring Market 2022-2026: Segmentation
- Type
- Passenger Car: The passenger cars segment will be a significant contributor to market growth during the forecast period. This growth is attributed to factors such as the rising adoption of four-wheel drive systems.
- Light Commercial Vehicle
- Geography
- Europe: Europe will account for 41% of the market’s growth during the forecast period. This growth is attributed to factors such as the increasing adoption of electric vehicles (EVs) and highly efficient powertrains. Moreover, market growth in this region will be faster than the growth of the market in APAC. Germany and the UK are the key countries for the torque vectoring market in Europe.
- North America
- APAC
- South America
- Middle East And Africa
Torque Vectoring Market 2022-2026: Key Highlights
- CAGR of the market during 2022-2026
- Detailed information on factors that will help the torque vectoring market grow during the next five years
- Estimation of the size of the torque vectoring market and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the torque vectoring market
- Analysis of the competitive landscape and detailed information on vendors
- Comprehensive details of factors that will impede the growth of torque vectoring market vendors
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Torque Vectoring Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 22.72% |
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Market growth 2022-2026 |
USD 15.34 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
18.16 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 41% |
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Key consumer countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
American Axle and Manufacturing Holdings Inc., BorgWarner Inc., Continental AG, Dana Inc., Eaton Corp. Plc, Ford Motor Credit Co. LLC, Hyundai Motor Co, JTEKT Corp., Linamar Corp., Magna International Inc., Melrose Industries Plc, Ricardo Plc, Robert Bosch GmbH, Schaeffler AG, Xtrac Ltd., and ZF Friedrichshafen AG |
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Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type – Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type – Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Passenger car – Market size and forecast 2021-2026
- Exhibit 28: Chart on Passenger car – Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Passenger car – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Passenger car – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Passenger car – Year-over-year growth 2021-2026 (%)
- 5.4 Light commercial vehicle – Market size and forecast 2021-2026
- Exhibit 32: Chart on Light commercial vehicle – Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Light commercial vehicle – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Light commercial vehicle – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Light commercial vehicle – Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Type
- Exhibit 36: Market opportunity by Type ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 Europe – Market size and forecast 2021-2026
- Exhibit 42: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.4 North America – Market size and forecast 2021-2026
- Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.5 APAC – Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.6 South America – Market size and forecast 2021-2026
- Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.8 Germany – Market size and forecast 2021-2026
- Exhibit 62: Chart on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 7.9 UK – Market size and forecast 2021-2026
- Exhibit 66: Chart on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on UK – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on UK – Year-over-year growth 2021-2026 (%)
- 7.10 US – Market size and forecast 2021-2026
- Exhibit 70: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.11 China – Market size and forecast 2021-2026
- Exhibit 74: Chart on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.12 Canada – Market size and forecast 2021-2026
- Exhibit 78: Chart on Canada – Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Canada – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Canada – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 American Axle and Manufacturing Holdings Inc.
- Exhibit 89: American Axle and Manufacturing Holdings Inc. – Overview
- Exhibit 90: American Axle and Manufacturing Holdings Inc. – Business segments
- Exhibit 91: American Axle and Manufacturing Holdings Inc. – Key offerings
- Exhibit 92: American Axle and Manufacturing Holdings Inc. – Segment focus
- 10.4 BorgWarner Inc.
- Exhibit 93: BorgWarner Inc. – Overview
- Exhibit 94: BorgWarner Inc. – Business segments
- Exhibit 95: BorgWarner Inc. – Key news
- Exhibit 96: BorgWarner Inc. – Key offerings
- Exhibit 97: BorgWarner Inc. – Segment focus
- 10.5 Continental AG
- Exhibit 98: Continental AG – Overview
- Exhibit 99: Continental AG – Business segments
- Exhibit 100: Continental AG – Key news
- Exhibit 101: Continental AG – Key offerings
- Exhibit 102: Continental AG – Segment focus
- 10.6 Dana Inc.
- Exhibit 103: Dana Inc. – Overview
- Exhibit 104: Dana Inc. – Business segments
- Exhibit 105: Dana Inc. – Key news
- Exhibit 106: Dana Inc. – Key offerings
- Exhibit 107: Dana Inc. – Segment focus
- 10.7 Eaton Corp. Plc
- Exhibit 108: Eaton Corp. Plc – Overview
- Exhibit 109: Eaton Corp. Plc – Business segments
- Exhibit 110: Eaton Corp. Plc – Key news
- Exhibit 111: Eaton Corp. Plc – Key offerings
- Exhibit 112: Eaton Corp. Plc – Segment focus
- 10.8 Ford Motor Credit Co. LLC
- Exhibit 113: Ford Motor Credit Co. LLC – Overview
- Exhibit 114: Ford Motor Credit Co. LLC – Business segments
- Exhibit 115: Ford Motor Credit Co. LLC – Key news
- Exhibit 116: Ford Motor Credit Co. LLC – Key offerings
- Exhibit 117: Ford Motor Credit Co. LLC – Segment focus
- 10.9 Hyundai Motor Co
- Exhibit 118: Hyundai Motor Co – Overview
- Exhibit 119: Hyundai Motor Co – Business segments
- Exhibit 120: Hyundai Motor Co – Key news
- Exhibit 121: Hyundai Motor Co – Key offerings
- Exhibit 122: Hyundai Motor Co – Segment focus
- 10.10 JTEKT Corp.
- Exhibit 123: JTEKT Corp. – Overview
- Exhibit 124: JTEKT Corp. – Business segments
- Exhibit 125: JTEKT Corp. – Key news
- Exhibit 126: JTEKT Corp. – Key offerings
- Exhibit 127: JTEKT Corp. – Segment focus
- 10.11 Linamar Corp.
- Exhibit 128: Linamar Corp. – Overview
- Exhibit 129: Linamar Corp. – Business segments
- Exhibit 130: Linamar Corp. – Key offerings
- Exhibit 131: Linamar Corp. – Segment focus
- 10.12 Magna International Inc.
- Exhibit 132: Magna International Inc. – Overview
- Exhibit 133: Magna International Inc. – Business segments
- Exhibit 134: Magna International Inc. – Key news
- Exhibit 135: Magna International Inc. – Key offerings
- Exhibit 136: Magna International Inc. – Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 137: Inclusions checklist
- Exhibit 138: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 139: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 140: Research methodology
- Exhibit 141: Validation techniques employed for market sizing
- Exhibit 142: Information sources
- 11.5 List of abbreviations
- Exhibit 143: List of abbreviations
- Cooling systems parts o
- Vehicle body and chassis o
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