Market Overview:
The global torque converter for automobiles market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for automatic transmission (AT) and continuously variable transmission (CVT) across the globe. Additionally, rising disposable income of consumers has led to an increase in demand for luxury cars equipped with torque converters. On the basis of type, the global torque converter for automobiles market is segmented into single-stage torque converter and multistage torque converter. The single-stage torque converter segment is expected to account for a major share of the global market during the forecast period owing to its low cost as compared to multistage torque converters. On the basis of application, automatic transmission (AT) accounts for a majority share of the global market followed by continuously variable transmission (CVT).
Product Definition:
A torque converter is a device that allows an automobile engine to spin at a higher speed than the drive shaft. It does this by using a fluid coupling to transmit the engine's power to the drive shaft. The torque converter also multiplies the engine's torque, which is why it is so important for automobiles with large engines.
Single-stage Torque Converter:
Single-stage torque converter is a mechanical device used to convert the rotary motion of engine crankshaft to a linear one. It's main function is to increase the torque or driving force which can be applied by final drive system. The single-stage type has only one gear that can deliver desired output speed and no reverse gear present in such devices, it directly drives the rear wheels.
Multistage Torque Converter:
Multistage torque converter is a type of torque convertor which can handle high power and speed requirements with the help of multiple stages. It has several advantages over single-stage types such as higher efficiency, less operating temperature, and lower noise levels.
The multistage type also allows for more flexibility in designing since it can operate at different speeds without any major changes to the drive train or transmission system.
Application Insights:
Automotive applications of the global torque converter for automobiles include automatic transmission (AT), continuously variable transmission (CVT), and other transmissions. The AT segment dominated the market in 2017, owing to its wide application scope including conventional 5-speed as well as 6-speed manual and automatic gearboxes. Conventional torque converters are being replaced with electronic multi-stage planetary gear units that offer more precise control over clutch pressure, resulting in improved drivetrains with reduced internal friction.
The continuously variable transmission segment is expected to witness significant growth over the forecast period due to its increasing use in light commercial vehicles such as mini trucks and delivery vans across various regions worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30.0% in 2017 owing to increasing automobile production and sales in countries, such as China, India, Japan, and South Korea. Moreover, rising disposable income levels coupled with expanding middle-class population groups are likely to fuel demand for automobiles in developing economies of Asia Pacific including China and India over the coming years.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for torque converters is expected to grow at a CAGR of 5.5% from 2016 to 2021. This growth can be attributed to the increasing demand for fuel-efficient vehicles across the globe.
- Rising automotive sales in developing countries: Developing countries such as China and India are witnessing a rise in automotive sales, which is contributing to the growth of the torque converter market.
- Growing popularity of automatic transmission systems: Automatic transmission systems are becoming increasingly popular due to their superior performance and fuel efficiency as compared to manual transmission systems. This is driving the demand for torque converters across the globe.
- Technological advancements in torque converter designs: Torque converter manufacturers are focusing on developing innovative designs that offer improved performance and efficiency, thereby boosting the overall growth of this market segmentation . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Torque Converter for Automobiles Market Research Report
By Type
Single-stage Torque Converter, Multistage Torque Converter
By Application
Automatic Transmission (AT), Continuously Variable Transmission (CVT), Other Transmission
By Companies
Aisin AW, Allison Transmission, BorgWarner, Exedy, Isuzu, Jatco, LuK USA LLC, Subaru, Twin Disc, Valeo, ZF Friedrichshafen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Torque Converter for Automobiles Market Report Segments:
The global Torque Converter for Automobiles market is segmented on the basis of:
Types
Single-stage Torque Converter, Multistage Torque Converter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automatic Transmission (AT), Continuously Variable Transmission (CVT), Other Transmission
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aisin AW
- Allison Transmission
- BorgWarner
- Exedy
- Isuzu
- Jatco
- LuK USA LLC
- Subaru
- Twin Disc
- Valeo
- ZF Friedrichshafen
Highlights of The Torque Converter for Automobiles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-stage Torque Converter
- Multistage Torque Converter
- By Application:
- Automatic Transmission (AT)
- Continuously Variable Transmission (CVT)
- Other Transmission
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Torque Converter for Automobiles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Torque converter for automobiles is a device that helps to convert the rotational motion of an engine into linear motion, which can be used to power wheels.
Some of the major players in the torque converter for automobiles market are Aisin AW, Allison Transmission, BorgWarner, Exedy, Isuzu, Jatco, LuK USA LLC, Subaru, Twin Disc, Valeo, ZF Friedrichshafen.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Torque Converter for Automobiles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Torque Converter for Automobiles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Torque Converter for Automobiles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Torque Converter for Automobiles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Torque Converter for Automobiles Market Size & Forecast, 2020-2028
4.5.1 Torque Converter for Automobiles Market Size and Y-o-Y Growth
4.5.2 Torque Converter for Automobiles Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single-stage Torque Converter
5.2.2 Multistage Torque Converter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automatic Transmission (AT)
6.2.2 Continuously Variable Transmission (CVT)
6.2.3 Other Transmission
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Torque Converter for Automobiles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Torque Converter for Automobiles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single-stage Torque Converter
9.6.2 Multistage Torque Converter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automatic Transmission (AT)
9.10.2 Continuously Variable Transmission (CVT)
9.10.3 Other Transmission
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single-stage Torque Converter
10.6.2 Multistage Torque Converter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automatic Transmission (AT)
10.10.2 Continuously Variable Transmission (CVT)
10.10.3 Other Transmission
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single-stage Torque Converter
11.6.2 Multistage Torque Converter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automatic Transmission (AT)
11.10.2 Continuously Variable Transmission (CVT)
11.10.3 Other Transmission
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single-stage Torque Converter
12.6.2 Multistage Torque Converter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automatic Transmission (AT)
12.10.2 Continuously Variable Transmission (CVT)
12.10.3 Other Transmission
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single-stage Torque Converter
13.6.2 Multistage Torque Converter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automatic Transmission (AT)
13.10.2 Continuously Variable Transmission (CVT)
13.10.3 Other Transmission
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Torque Converter for Automobiles Market: Competitive Dashboard
14.2 Global Torque Converter for Automobiles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aisin AW
14.3.2 Allison Transmission
14.3.3 BorgWarner
14.3.4 Exedy
14.3.5 Isuzu
14.3.6 Jatco
14.3.7 LuK USA LLC
14.3.8 Subaru
14.3.9 Twin Disc
14.3.10 Valeo
14.3.11 ZF Friedrichshafen
