According to UNCTAD, in 2009, people Living Worldwide in Cities was Estimated to be Around 51.1%, but in 2019 People Living in Cities was Around 55.7%, which was an Increase of 4.6% in a Decade

Torque Vectoring was first started by Ricardo in 2006 SAE 2006-01-0818 in correlation with driveline technologies. The torque vectoring idea builds on the basic principles of a standard differential which provides safety for the vehicle and smooth transactions over curve. A torque vectoring differential performs basic differential tasks while also transmitting torque independently between wheels. Torque vectoring differentials were originally used in racing or performance cars, but in recent times it has shifted towards luxury vehicles. Moreover, Mitsubishi Motors were first to use these technologies in rally cars.

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The global torque vectoring market is expected to reach USD 22,287.08 million by 2029 from USD 6,298.70 million in 2021, growing with the healthy CAGR of 17.7% in the forecast period of 2022 to 2029. The heaving adoption of torque vectoring system in off road vehicles, intelligent torque vectoring approach for ADAS vehicles and upsurge in demand for luxury and performance vehicles in the automotive industries are expected to boost the market growth. High cost associated with implementing torque vectoring/AWD/4WD systems is expected to restrain the global torque vectoring market.         

Emergence of EV’s and its torque vectoring system across the world will drive the market's growth rate

Over a decade, industrialization and urbanization have played a significant role in the emergence and growth of the automotive industry. The growing global population and the majority of the population shifting towards urban areas for a better opportunity and better living standards plays a vital role in shaping the automotive industry sector. This growing tread of torque vectoring systems in urbanized areas boosts the market growth as all consumers are shifting towards advanced safety vehicles with advanced torque vectoring systems ensuring max safety and efficiency. Thereby rapid urbanization, population, the emergence of mobility as a service (MaaS) technologies, and change in consumer behavior pattern is forcing the major players to develop vehicles with advanced torque vectoring systems for the consumer to gain the market, leading to growth in global torque vectoring market across all regions of the globe.

Report Scope and Market Segmentation

Segment Analysis:

The global torque vectoring market is segmented into six notable segments based on the component, technology, clutch actuation type, driving wheel type, vehicle type, and propulsion type.

• On the basis of component, global torque vectoring market has been segmented into hardware, services. Hardware segment is further sub-segmented into drive control unit (DCU), motor controllers, can bus, sensors, motor, others. In 2022, the hardware segment is expected to dominate the global torque vectoring market segment with a 72.8% share due to growing demand for hardware components which are an essential component which are used in torque vectoring systems. These components are used to ensure the safety and provide decent stability for the vehicle
• On the basis of technology, global torque vectoring market has been segmented into active torque vectoring system (ATVS), passive torque vectoring system (PTVS). In 2022, active torque vectoring system (ATVS) segment is expected to dominate the global torque vectoring market 60.37% share due to the easy at which active torque vectoring applies brake to the inner wheels of your vehicle/car in order to provide optimum drive power to the outer wheel minimizing the drag. This technology is prominently used in recent times making it the dominant technology in the market.
• On the basis of clutch actuation type, global torque vectoring market has been segmented into electric, hydraulic. In 2022, the electric segment is expected to dominate the global torque vectoring market segment with a 59.81% share due to its efficiency in apply the clutch automatically which effectively eliminates any jolting or surges resulting in smooth clutch operation when pulling away, stopping, cornering and gear changing. This clutch actuation type is widely used in automobiles.
• On the basis of driving wheel type, global torque vectoring market has been segmented into rear-wheel drive (RWD), front-wheel drive (FWD), all-wheel drive/four-wheel drive (AWD/4WD). In 2022, the front-wheel drive (FWD) segment is expected to dominate the global torque vectoring market due to ease of use, globally majority of the cars used are front-wheel drive as they are comparatively cheap offers better mileage. Moreover, it offers better traction and has less auto parts and components
• On the basis of vehicle type, global torque vectoring market has been segmented into passenger cars, commercial vehicles, off road vehicle. Passenger cars is further sub segmented into by type and technology. By type is further sub segmented into SUV, sedan, hatchback, crossovers and others. By technology is further sub segmented into active torque vectoring system (ATVS), passive torque vectoring system (PTVS). Commercial vehicles are further sub segmented into by type and technology. By type is further sub segmented into light commercial vehicle and heavy commercial vehicle which is further segmented into bus, trucks. By technology is further sub segmented into active torque vectoring system (ATVS), passive torque vectoring system (PTVS). Off road vehicle is further sub segmented into by technology. By technology is further sub segmented into active torque vectoring system (ATVS), passive torque vectoring system (PTVS). In 2022, the passenger cars segment is expected to dominate the global torque vectoring market as passenger cars are widely used by consumer as it is considering as a premium mode of transportation. Growing concern among consumer for safety and advance features consumers are demanding for torque systems in their vehicle.
• On the basis of propulsion type, the global torque vectoring market has been segmented into diesel/petrol/CNG and electric vehicle. In 2022, the passenger cars segment is expected to dominate the global torque vectoring market segment with a 63.40% share  due to the implementation of safety features and control systems in diesel/petrol/CNG propulsion type vehicles are affordable and cheap when compared with electric propulsion type. However, environmental concerns can deter the segment growth as diesel/petrol/CNG propulsion type vehicles have a high carbon footprint.

Major Players  

Data Bridge Market Research recognizes the following companies as the market players in torque vectoring market: GKN (UK), American Axle (US), Dana (US), BorgWarner (US), Eaton (Ireland), ZF (Germany), JTEKT (Japan), Magna (Canada), Bosch (Germany), Univance (Germany), Schaeffler (Germany), Timken (US), Ricardo (UK), and Oerlikon Graziano (Italy).

Market Development

• In March 2022, Prodrive Holdings Limited launched world’s first all-terrain Hyper Car. The keay feature of this car launch was its 600 bhp four-wheel drive all-terrain adventure vehicle with an unrivalled ability and performance across any landscape. Through this company expanded its market by offering innovative solution for its consumer.
• In October 2021, MITSUBISHI MOTORS CORPORATION launched advanced electric torque vectoring systems for Outlander crossover SUV. All-wheel control technologies included for the vehicle will help the vehicle to be stable, offer better control and operational. This allowed the company to expand its torque vectoring systems offering, capabilities and portfolio across all regions.

Regional Analysis

Geographically, the countries covered in the h torque vectoring market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in torque vectoring market during the forecast period 2022 - 2029

North America dominates the torque vectoring market. The rising infrastructure, commercial, and industrial developments in emerging countries such as U.S., Canada and Mexico are credited with the market's dominance. U.S. dominates the North America region owing to factors such as increasing demand for intelligent torque vectoring approach for ADAS vehicles.  

Asia-Pacific is estimated to be the fastest growing region in torque vectoring market the forecast period 2022 - 2029

Asia-Pacific torque vectoring market is expected to be the fastest-growing in the world due to increase in investments for the growth of torque vectoring. China dominates the Asia-Pacific torque vectoring market. The demand in this region is projected to be driven by increase in demand for torque vectoring by automotive companies.   

COVID-19 Impact

Due to the outbreak of the pandemic caused by the virus, many small sectors were closed down and on the other hand some sectors decided to cut off some of the employees which resulted in a major unemployment. Torque vectoring are also used in the automotive industries. Due to the outbreak of a pandemic, the demand for such products has gone down to an extent especially for the medical sector, healthcare, pharmaceutical, groceries, e-commerce, and various other sectors. But the unexpected demand, along with limited production capacities and supply chain interruptions is continuing to cause difficulties in all of these industries. Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the torque vectoring. With this, the companies will bring advanced and accurate controllers to the market. In addition, the use of torque vectoring by government authorities in heavy vehicles has led to the market's growth.

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