Europe Torque Vectoring Market to 2032
Overview
The Europe Torque Vectoring Market is expected to reach a 9.43 USD Billion by 2032 and is projected to grow at a CAGR of 24.67% from 2025 to 2032.
Revenue, 2024 (USD Billion)
2.66
Forecast, 2032 (USD Billion)
9.43
CAGR, 2024 - 2032
24.67%
Report Coverage
Europe
Europe Torque Vectoring Market 2018-2032 USD Billion
Europe Torque Vectoring Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 2.66 USD Billion
- Projected Market Size (2032): 9.43 USD Billion
- CAGR (2025-2032): 24.67%
Key Findings of Europe Torque Vectoring Market
- The Europe Torque Vectoring Market was valued at 9.43 USD Billion in 2024.
- The Europe Torque Vectoring Market is likely to grow at a CAGR of 24.67% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Hardware in Component Segment accounted for the largest share of the market with a revenue of 1.95 USD Billion
- The fastest growing segment Electric Vehicle in Propulsion Type Segment grew Fastest with a CAGR of 25.84% during the forecast period from 2024 to 2032.
Europe Torque Vectoring Market Scope
Europe Torque Vectoring Market Segmentation & Scope
Propulsion Type
- Electric Vehicle
- Diesel/Petrol/CNG
Vehicle Type
- Off Road Vehicle
- Commercial Vehicles
- Commercial Vehicles
- Passenger Cars
- Passenger Cars
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Front-Wheel Drive (FWD)
Component
- Services
- Hardware
Technology
- Passive Torque Vectoring Systems (PTVS)
- Active Torque Vectoring Systems (ATVS)
Clutch Actuation Type
- Hydraulic
- Electric
Europe Torque Vectoring Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 2.66 USD Billion |
| Market Value in 2032 | 9.43 USD Billion |
| CAGR (2025-2032) | 24.67% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Propulsion Type,Vehicle Type,Driving Wheel Type,Component,Technology,Clutch Actuation Type |
Regional Insights:
-
Leading Market (2024-2032): Europe, leading in terms of revenue 2.66 USD Billion in 2024
- Key Country: Germany, leading in terms of revenue with value of 697.63 USD Million in 2024.
Segments and Scope
-
Europe Torque Vectoring Market to 2032, By Propulsion Type
- Diesel/Petrol/CNG is the largest segment in Europe Torque Vectoring Market to 2032 with a revenue of 1.89 USD Billion in the year 2024.
- Electric Vehicle is the Fastest growing segment in Europe Torque Vectoring Market to 2032 with a Growth rate of 24.20 % in forecast period 2025-2032.
-
Europe Torque Vectoring Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Europe Torque Vectoring Market to 2032 with a revenue of 1.73 USD Billion in the year 2024.
- Passenger Cars is the Fastest growing segment in Europe Torque Vectoring Market to 2032 with a Growth rate of 25.03 % in forecast period 2025-2032.
-
Europe Torque Vectoring Market to 2032, By Driving Wheel Type
- Front-Wheel Drive (FWD) is the largest segment in Europe Torque Vectoring Market to 2032 with a revenue of 1.43 USD Billion in the year 2024.
- Front-Wheel Drive (FWD) is the Fastest growing segment in Europe Torque Vectoring Market to 2032 with a Growth rate of 25.15 % in forecast period 2025-2032.
-
Europe Torque Vectoring Market to 2032, By Component
- Hardware is the largest segment in Europe Torque Vectoring Market to 2032 with a revenue of 1.95 USD Billion in the year 2024.
- Hardware is the Fastest growing segment in Europe Torque Vectoring Market to 2032 with a Growth rate of 25.02 % in forecast period 2025-2032.
-
Europe Torque Vectoring Market to 2032, By Technology
- Active Torque Vectoring Systems (ATVS) is the largest segment in Europe Torque Vectoring Market to 2032 with a revenue of 1.64 USD Billion in the year 2024.
- Active Torque Vectoring Systems (ATVS) is the Fastest growing segment in Europe Torque Vectoring Market to 2032 with a Growth rate of 25.34 % in forecast period 2025-2032.
-
Europe Torque Vectoring Market to 2032, By Clutch Actuation Type
- Electric is the largest segment in Europe Torque Vectoring Market to 2032 with a revenue of 1.61 USD Billion in the year 2024.
- Electric is the Fastest growing segment in Europe Torque Vectoring Market to 2032 with a Growth rate of 25.09 % in forecast period 2025-2032.
Europe Torque Vectoring Market Company Share Analysis
| Company Name |
|
||
| JTEKT Corporation | |||
| Schaeffler AG | |||
| BorgWarner Inc. | |||
| American Axle & Manufacturing, Inc. | |||
| GKN Automotive Limited | |||
Europe Torque Vectoring Market Geographical Sales Distribution, 2018-2032 USD Billion
Europe Torque Vectoring Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Europe Torque Vectoring Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Driving Wheel Type,Component,Technology,Clutch Actuation Type.
Europe Torque Vectoring Market was valued at USD 2.66(Revenue in USD Billion) in 2021.
Europe Torque Vectoring Market is projected to grow at a CAGR of 24.67% during the forecast period of 2024 to 2032.
The Hardware segment is expected to dominate the Europe Torque Vectoring Market, holding a largest market share of 1.95 USD Billion in 2024
Europe Torque Vectoring Market Scope
Europe Torque Vectoring Market Segmentation & Scope
Propulsion Type
- Electric Vehicle
- Diesel/Petrol/CNG
Vehicle Type
- Off Road Vehicle
- Commercial Vehicles
- Commercial Vehicles
- Passenger Cars
- Passenger Cars
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Front-Wheel Drive (FWD)
Component
- Services
- Hardware
Technology
- Passive Torque Vectoring Systems (PTVS)
- Active Torque Vectoring Systems (ATVS)
Clutch Actuation Type
- Hydraulic
- Electric
Frequently Asked Questions
The Europe Torque Vectoring Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Driving Wheel Type,Component,Technology,Clutch Actuation Type.
Europe Torque Vectoring Market was valued at USD 2.66(Revenue in USD Billion) in 2021.
Europe Torque Vectoring Market is projected to grow at a CAGR of 24.67% during the forecast period of 2024 to 2032.
The estimated market value of the Europe Torque Vectoring Market for final year is USD 9.43 (USD Billion).
Europe Torque Vectoring Market Company Profiling
Frequently Asked Questions
The Europe Torque Vectoring Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Driving Wheel Type,Component,Technology,Clutch Actuation Type.
Europe Torque Vectoring Market was valued at USD 2.66(Revenue in USD Billion) in 2021.
Europe Torque Vectoring Market is projected to grow at a CAGR of 24.67% during the forecast period of 2024 to 2032.
The estimated market value of the Europe Torque Vectoring Market for final year is USD 9.43 (USD Billion).
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