Automotive

Request for TOC Request for Sample
BUY NOW

Global Automotive Torque Vectoring Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Automotive | Upcoming Report | Aug 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Automotive Torque Vectoring Market Segmentation, By Vehicle Type (Passenger, Light Commercial Vehicle, and Heavy Commercial Vehicles), Propulsion (Front Wheel Drive, Rear Wheel Drive, and All Wheel Drive/Four Wheel Drive), Clutch Actuation Type (Hydraulic and Electronic), EV Type (BEV (Battery Electric Vehicle) and HEV (Hybrid electric Vehicle)), Technology (Active Torque Vectoring System and Passive Torque Vectoring System) - Industry Trends and Forecast to 2031.


Automotive Torque Vectoring Market Analysis

Automotive torque vectoring market growth is fueled by advancements in electronic control systems and real-time data processing. Recent technologies include integrated sensors and advanced algorithms that dynamically distribute torque among wheels, improving vehicle stability and handling. These innovations enhance driving performance and safety, contributing to the market's expansion with increased adoption in high-performance and luxury vehicles.

Automotive Torque Vectoring Market Size

The global automotive torque vectoring market size was valued at USD 9.36 billion in 2023 and is projected to reach USD 23.85 billion by 2031, with a CAGR of 12.40% during the forecast period of 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Automotive Torque Vectoring Market Trends

“Rise of Advanced Driver Assistance Systems (ADAS)”

A significant trend driving the automotive torque vectoring market is the integration of advanced driver assistance systems (ADAS). ADAS technologies, such as lane-keeping assist and adaptive cruise control, enhance vehicle safety and performance by providing real-time data for optimal torque distribution. For instance, automotive manufacturers such as BMW and Audi are incorporating torque vectoring systems in their luxury vehicles to improve handling and stability. These systems dynamically adjust power delivery to individual wheels, ensuring better traction and control, which is crucial for the growing demand for high-performance and safety features in vehicles. This trend is accelerating market growth by aligning with consumer preferences for advanced vehicle capabilities.

Report Scope and Automotive Torque Vectoring Market Segmentation         

Attributes

Automotive Torque Vectoring Key Market Insights

Segments Covered

  • By Vehicle Type: Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicles
  •  By Propulsion: Front Wheel Drive, Rear Wheel Drive, and All Wheel Drive/Four Wheel Drive
  • By Clutch Actuation Type: Hydraulic and Electronic
  • By EV Type: BEV (Battery Electric Vehicle) and HEV (Hybrid electric Vehicle)
  • By Technology: Active Torque Vectoring System and Passive Torque Vectoring System

Countries Covered

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

Key Market Players

GKN Automotive Limited (U.K.), Eaton (Ireland), American Axle & Manufacturing, Inc. (U.S.), Dana Limited. (U.S.), BorgWarner Inc. (U.S.), Schaeffler AG (Germany), ZF Friedrichshafen AG (Germany), JTEKT Corporation. (Japan), Continental AG (Germany), Auburn Gear, LLC. (U.S.), Neapco Holdings (U.S.), Magna International Inc. (Canada), Drexler Automotive GmbH (Germany), RT Quaife Engineering Ltd. (U.K.), Xtrac Ltd (U.K.), NSK Ltd. (Japan), Bharat Gears Ltd. (India), and CUSCO Japan co.,ltd. (Japan)

Market Opportunities

  • Advancements in Vehicle Dynamics Control Technology
  • Growth of the Luxury Vehicle Segment

Value Added Data Infosets

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Automotive Torque Vectoring Market Definition

Automotive torque vectoring is a technology that dynamically adjusts the distribution of engine torque to individual wheels. This enhances vehicle stability, handling, and cornering performance by improving traction and control. It is commonly used in all-wheel-drive systems to optimize grip and maneuverability, especially in challenging driving conditions, providing a more responsive and controlled driving experience.

Automotive Torque Vectoring Market Dynamics

Drivers

  • Enhanced Vehicle Handling and Stability

Torque vectoring systems significantly boost vehicle handling by precisely distributing torque to individual wheels. This enhances stability during cornering and in challenging conditions such as rain or snow. For instance, the Audi Quattro system employs torque vectoring to improve handling and traction, demonstrating how these systems can transform driving dynamics. As consumer demand for improved driving performance grows, so does the market for torque vectoring technology.

  • Increasing Adoption of Electric and Hybrid Vehicles

Electric and hybrid vehicles benefit significantly from torque vectoring systems, which enhance power distribution and efficiency. For instance, Tesla’s dual-motor all-wheel-drive systems use torque vectoring to optimize traction and handling, contributing to their popularity. This technology improves vehicle performance and energy efficiency, driving the market growth for automotive torque vectoring systems as more manufacturers adopt these advanced powertrain solutions.

Opportunities

  • Advancements in Vehicle Dynamics Control Technology

Technological advancements in control systems and sensors have significantly improved the effectiveness of torque vectoring systems. The development of advanced electronic control units (ECUs) and real-time data processing has enhanced the precision of torque distribution. Companies such as Bosch and Continental have pioneered these innovations, making torque vectoring systems more accessible and efficient, thereby driving market growth. For instance, In December 2021, Magna unveiled the EtelligentReach, a new system introduced in 2022 vehicles. The EtelligentReach features vehicle dynamics controllers with a disconnect system, which boosts efficiency, reduces CO2 emissions, and includes longitudinal torque vectoring, setting new standards in hybrid vehicle technology.

  • Growth of the Luxury Vehicle Segment

The growth of the luxury vehicle segment is creating significant opportunities in the automotive torque vectoring market. Luxury brands such as Mercedes-Benz and BMW are incorporating advanced torque vectoring systems to enhance driving dynamics, comfort, and performance. For instance, In October 2022, Magna's 48-volt hybrid dual-clutch transmission made its debut in the Jeep Renegade and Compass e-Hybrid, Tipo, and Fiat 500 X. This innovative transmission enhances vehicle efficiency and performance, showcasing Magna's advancements in hybrid technology for a range of popular models.

 Restraints/Challenges

  • Complexity of Integration

Integrating torque vectoring systems with existing vehicle platforms is challenging due to the need for precise calibration and compatibility with other vehicle systems. This complexity increases development time and costs, making it difficult for automakers to adopt these systems broadly. As a result, the market growth for automotive torque vectoring is hindered by the technical and financial burdens associated with seamless integration.

  • Competition from Alternatives

The automotive torque vectoring market faces significant competition from other advanced vehicle handling technologies such as active suspension systems and advanced traction control. These alternatives offer comparable or even superior performance in terms of stability and handling. As a result, they can divert consumer interest and investment away from torque vectoring systems, potentially hindering automotive torque vectoring market growth and adoption.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Automotive Torque Vectoring Market Scope

The market is segmented on the basis of vehicle type, propulsion, clutch actuation type, EV type and technology. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicles

 Propulsion

  • Front Wheel Drive
  • Rear Wheel Drive
  • All Wheel Drive/Four Wheel Drive

 Clutch Actuation Type

  • Hydraulic
  • Electronic

 EV Type

  • BEV (Battery Electric Vehicle)
  • HEV (Hybrid electric Vehicle)

 Technology

  • Active Torque Vectoring System
  • Passive Torque Vectoring System

Global Automotive Torque Vectoring Market Regional Analysis

The market is analysed and market size insights and trends are provided by vehicle type, propulsion, clutch actuation type, EV type and technology as referenced above.

The countries covered in the 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.

North America is anticipated to dominate the automotive torque vectoring market due to a growing preference for pickup trucks and SUVs. The region's strong automotive sector benefits from advanced leasing options, making high-performance features such as torque vectoring more accessible. This trend supports the adoption of sophisticated vehicle dynamics technologies across North America.

Asia-Pacific (APAC) is expected to witness significant growth in the automotive torque vectoring market due to government incentives such as rural subsidies and tax breaks. These measures are anticipated to boost the adoption of advanced vehicle technologies, driving market expansion across the region by making innovative solutions more accessible to consumers.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Global Automotive Torque Vectoring Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Automotive Torque Vectoring Market Leaders Operating in the Market Are:

  • GKN Automotive Limited (U.K.)
  • Eaton (Ireland)
  • American Axle & Manufacturing, Inc. (U.S.)
  • Dana Limited. (U.S.)
  • BorgWarner Inc. (U.S.)
  • Schaeffler AG (Germany)
  • ZF Friedrichshafen AG (Germany)
  • JTEKT Corporation. (Japan)
  • Continental AG (Germany)
  • Auburn Gear, LLC. (U.S.)
  • Neapco Holdings (U.S.)
  • Magna International Inc. (Canada)
  • Drexler Automotive GmbH (Germany)
  • RT Quaife Engineering Ltd. (U.K.)
  • Xtrac Ltd (U.K.)
  • NSK Ltd. (Japan)
  • Bharat Gears Ltd. (India)
  • CUSCO Japan co.,ltd. (Japan)

Latest Developments in Automotive Torque Vectoring Market

  • In May 2024, BorgWarner introduced its cutting-edge electric Torque Vectoring and Disconnect (eTVD) system for battery electric vehicles (BEVs), first featured in the Polestar. This groundbreaking technology is set to be integrated into additional European car models later in the year, enhancing performance and efficiency
  • In February 2023, American Axle & Manufacturing Holdings, Inc. formed partnerships with NIO and Mercedes to develop high-performance hybrid-electric systems. Their P3 system layout, featuring an electric motor on the rear axle, improves weight distribution and increases total output torque compared to the traditional transmission-mounted P2 hybrid configuration


SKU-

Table of Content

Please fill in the below form for detailed Table of Content

First name is required
Last name is required
Please enter Contact No.
Email is required
Please enter job tital
Please enter company name
Please select country

List of Table

Please fill in the below form for detailed List of Table

First name is required
Last name is required
Please enter Contact No.
Email is required
Please enter job tital
Please enter company name
Please select country

List of Figure

Please fill in the below form for detailed List of Figure

First name is required
Last name is required
Please enter Contact No.
Email is required
Please enter job tital
Please enter company name
Please select country

View Infographics

Please fill in the below form for detailed Infographics

First name is required
Last name is required
Please enter Contact No.
Email is required
Please enter job tital
Please enter company name
Please select country
CHOOSE LICENCE TYPE
  • 7000.00
  • 4800.00
  • 3200.00
  • 8000.00
  • 15000.00
Why Choose Us
Unlocking New Opportunities on this Report Post Covid-19