Market Overview:
The global torque vectoring system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles, and rising awareness about safety features in vehicles. The global torque vectoring system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into front wheel drive (FWD), rear wheel drive (RWD), and all wheel drive/four wheel drive (4WD). FWD systems are expected to dominate the global torque vectoring system market due to their high demand in passenger cars. 4WD systems are also expected to witness high growth during the forecast period as they offer better traction and handling than 2WD or RWD systems in off-road conditions. On the basis of application,the global torque vectoring systemmarket is divided into passenger carand commercial vehicle segments.
Product Definition:
A torque vectoring system is a vehicle subsystem that selectively brakes individual wheels to create yaw moment about the vertical axis, providing improved vehicle handling and stability.
It is also known as brake steer, dynamic braking or brake differential.
Front Wheel Drive(FWD):
The front wheel drive (FWD) system is one of the most important automotive technologies that has been around for decades. However, its recent growth in popularity can be attributed to factors such as improved fuel efficiency and low-cost vehicle manufacturing. The FWD technology is used in passenger cars, light trucks/SUVs, and commercial vehicles; it's a key component of torque vectoring systems (TVS).
Rear Wheel Drive(RWD):
Rear wheel drive is a type of automotive powertrain configuration in which the driving force is provided by the engine or engines and driven wheels. In RWD, there are no transmission components that can be stressed, since the engine drives directly to the rear wheels. The system offers high efficiency and low fuel consumption; however, it has a high initial cost due to its complex internal combustion engine parts.
Application Insights:
The passenger car segment held the largest share of over 60.0% in 2017. The growth is attributed to the increasing demand for passenger cars due to rapid urbanization, rising disposable income and consumer preference for comfort and convenience associated with vehicles. Moreover, stringent government regulations regarding road safety are promoting the adoption of advanced technologies such as torque vectoring systems in light commercial vehicles to reduce accidents caused by skidding or spinning tires.
Commercial vehicle application segment is expected to witness significant growth over the forecast period owing to growing demand from construction industry across various regions including Asia Pacific and Middle East & Africa countries such as Saudi Arabia, UAE, Iran etc., which has a direct impact on market growth across these regions during estimated timeframes. Furthermore, manufacturers are focusing on reducing maintenance costs through technological innovation resulting in increased adoption of commercial vehicles equipped with torque vectoring systems thereby contributing towards overall market development during estimated timeframes.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing sales of passenger cars and commercial vehicles, especially in China and India. The growing adoption rate for advanced technologies such as torque vectoring systems will further boost the regional market growth during the forecast period.
The North American region is expected to witness significant growth over the forecast period owing to rising demand for high performance vehicles coupled with stringent safety regulations by regulatory bodies such as NHTSA (National Highway Traffic Safety Administration) and IIHS (Insurance Institute for Highway Safety). Torque vectoring system technology offers enhanced traction control capabilities that can improve vehicle handling characteristics, thereby contributing toward higher sales across this region.
Growth Factors:
- Increasing demand for luxury and performance cars
- Growing automotive sector in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in torque vectoring systems
- Government regulations mandating the use of torque vectoring systems in passenger vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Torque Vectoring System Market Research Report
By Type
Front Wheel Drive(FWD), Rear Wheel Drive(RWD), All Wheel Drive/Four Wheel Drive(4WD)
By Application
Passenger Car, Commercial Vehicle
By Companies
GKN, American Axle, Dana, BorgWarner, Eaton, ZF, JTEKT, Getrag, Bosch, Univance, Schaeffler, Timken, Ricardo, Oerlikon Graziano
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Torque Vectoring System Market Report Segments:
The global Torque Vectoring System market is segmented on the basis of:
Types
Front Wheel Drive(FWD), Rear Wheel Drive(RWD), All Wheel Drive/Four Wheel Drive(4WD)
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
Passenger Car, Commercial Vehicle
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:
- GKN
- American Axle
- Dana
- BorgWarner
- Eaton
- ZF
- JTEKT
- Getrag
- Bosch
- Univance
- Schaeffler
- Timken
- Ricardo
- Oerlikon Graziano
Highlights of The Torque Vectoring System 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:
- Front Wheel Drive(FWD)
- Rear Wheel Drive(RWD)
- All Wheel Drive/Four Wheel Drive(4WD)
- By Application:
- Passenger Car
- Commercial Vehicle
- 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 Vectoring System 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 Vectoring System (TVS) is a type of automatic transmission that uses sensors to monitor the vehicle's speed and torque, and then sends appropriate commands to the transmission gears. This system allows for more efficient use of engine power, resulting in improved fuel economy and reduced emissions.
Some of the key players operating in the torque vectoring system market are GKN, American Axle, Dana, BorgWarner, Eaton, ZF, JTEKT, Getrag, Bosch, Univance, Schaeffler, Timken, Ricardo, Oerlikon Graziano.
The torque vectoring system market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Torque Vectoring System 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 Vectoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Torque Vectoring System 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 Vectoring System 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 Vectoring System Market Size & Forecast, 2018-2028
4.5.1 Torque Vectoring System Market Size and Y-o-Y Growth
4.5.2 Torque Vectoring System Market Absolute $ Opportunity
Chapter 5 Global Torque Vectoring System 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 Torque Vectoring System Market Size Forecast by Type
5.2.1 Front Wheel Drive(FWD)
5.2.2 Rear Wheel Drive(RWD)
5.2.3 All Wheel Drive/Four Wheel Drive(4WD)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Torque Vectoring System 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 Torque Vectoring System Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Torque Vectoring System 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 Vectoring System 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 Torque Vectoring System Analysis and Forecast
9.1 Introduction
9.2 North America Torque Vectoring System 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 Torque Vectoring System Market Size Forecast by Type
9.6.1 Front Wheel Drive(FWD)
9.6.2 Rear Wheel Drive(RWD)
9.6.3 All Wheel Drive/Four Wheel Drive(4WD)
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 Torque Vectoring System Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
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 Torque Vectoring System Analysis and Forecast
10.1 Introduction
10.2 Europe Torque Vectoring System 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 Torque Vectoring System Market Size Forecast by Type
10.6.1 Front Wheel Drive(FWD)
10.6.2 Rear Wheel Drive(RWD)
10.6.3 All Wheel Drive/Four Wheel Drive(4WD)
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 Torque Vectoring System Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
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 Torque Vectoring System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Torque Vectoring System 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 Torque Vectoring System Market Size Forecast by Type
11.6.1 Front Wheel Drive(FWD)
11.6.2 Rear Wheel Drive(RWD)
11.6.3 All Wheel Drive/Four Wheel Drive(4WD)
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 Torque Vectoring System Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
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 Torque Vectoring System Analysis and Forecast
12.1 Introduction
12.2 Latin America Torque Vectoring System 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 Torque Vectoring System Market Size Forecast by Type
12.6.1 Front Wheel Drive(FWD)
12.6.2 Rear Wheel Drive(RWD)
12.6.3 All Wheel Drive/Four Wheel Drive(4WD)
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 Torque Vectoring System Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
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) Torque Vectoring System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Torque Vectoring System 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) Torque Vectoring System Market Size Forecast by Type
13.6.1 Front Wheel Drive(FWD)
13.6.2 Rear Wheel Drive(RWD)
13.6.3 All Wheel Drive/Four Wheel Drive(4WD)
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) Torque Vectoring System Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
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 Vectoring System Market: Competitive Dashboard
14.2 Global Torque Vectoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GKN
14.3.2 American Axle
14.3.3 Dana
14.3.4 BorgWarner
14.3.5 Eaton
14.3.6 ZF
14.3.7 JTEKT
14.3.8 Getrag
14.3.9 Bosch
14.3.10 Univance
14.3.11 Schaeffler
14.3.12 Timken
14.3.13 Ricardo
14.3.14 Oerlikon Graziano
