Automobile
Global Torque Vectoring Market to 2032
Revenue, 2024 (USD Million)
9,449.87
Forecast, 2032 (USD Million)
31,721.80
CAGR, 2024 - 2032
14.53%
Report Coverage
Global
Global Torque Vectoring Market 2018-2032 USD Million
Global Torque Vectoring Market, Overview (2024-2032)
Market Growth and Projections:
- Market Size (2024): 9,449.87 USD Million
- Projected Market Size (2032): 31,721.80 USD Million
- CAGR (2024-2032): 14.53%
Key Findings of Global Torque Vectoring Market
- The Global Torque Vectoring Market is likely to grow at a CAGR of 14.53% during the forecast period of 2024 to 2032.
- Global Torque Vectoring Marketsize was valued at 9,449.87 USD Million in 2024.
- In 2024, Diesel/Petrol/CNG segment dominated the market with the largest market share.
- Electric Vehicle in the product segment is expected to witness the fastest growth during the forecast period.
Global Torque Vectoring Market Scope
Global Torque Vectoring Market Segmentation & Scope
Vehicle Type
- Off Road Vehicle
- Commercial Vehicles
- Commercial Vehicles
- Passenger Cars
- Passenger Cars
Propulsion Type
- Electric Vehicle
- Diesel/Petrol/CNG
Component
- Services
- Hardware
Technology
- Passive Torque Vectoring Systems (PTVS)
- Active Torque Vectoring Systems (ATVS)
Clutch Actuation Type
- Hydraulic
- Electric
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Front-Wheel Drive (FWD)
Global Torque Vectoring Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 9,449.87 USD Million |
| Market Value in 2032 | 31,721.80 USD Million |
| CAGR (2024-2032) | 14.53% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Propulsion Type,Component,Technology,Clutch Actuation Type,Driving Wheel Type |
| Largest Segment | Diesel/Petrol/CNG |
| Fastest Growing Segment | Electric Vehicle |
| Major Players | JTEKT Corporation, Schaeffler AG, BorgWarner Inc., American Axle & Manufacturing, Inc., GKN Automotive Limited, Dana Limited, Continental AG, Eaton, Others |
Market Segmentation:
-
Product Segment:
- Largest Segment (2024): Diesel/Petrol/CNG
- Fastest Growing Segment (2024-2032): Electric Vehicle
Regional Insights:
-
Leading Market (2024-2032): Global
- Key Country: U.S., leading in terms of revenue and market share by 2032.
Global Torque Vectoring Market Company Share Analysis
| Name | Market Share | OwnnerShip | HQ | Website |
|---|---|---|---|---|
| JTEKT Corporation | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Schaeffler AG | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| BorgWarner Inc. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| American Axle & Manufacturing | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Inc. | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| GKN Automotive Limited | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Dana Limited | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Continental AG | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Eaton | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
| Others | 1,944.00 | public/listed | Massachusetts | www.astrazeneca.com |
Global Torque Vectoring Market Geographical Sales Distribution, 2018-2032 USD Million
Global Torque Vectoring Market Company Profiling
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
| Molnlycke Health Care | View profile | 5001-10000 | Gothenburg, Vastra Gotaland, Sweden, Europe | www.molnlycke.com |
Frequently Asked Questions
The Global Torque Vectoring Market is segmented based on Segmentation Vehicle Type,Propulsion Type,Component,Technology,Clutch Actuation Type,Driving Wheel Type.
Global Torque Vectoring Market was valued at USD 9,449.87(Revenue in USD Million) in 2021.
Global Torque Vectoring Market is projected to grow at a CAGR of 14.53% during the forecast period of 2024 to 2032.
The estimated market value of the Global Torque Vectoring Market for final year is USD 31,721.80 (USD Million).
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