North America Torque Vectoring Market, By Component (Hardware and Services), Technology (Active Torque Vectoring System (ATVS) and Passive Torque Vectoring System (PTVS)), Clutch Actuation Type (Electric and Hydraulic), Driving Wheel Type (Rear-Wheel Drive (RWD), Front-Wheel Drive (FWD), and All-Wheel Drive/Four-Wheel Drive (AWD/4WD)), Vehicle Type (Passenger Cars, Commercial Vehicles, and Off Road Vehicle), Propulsion Type (Diesel/Petrol/CNG and Electric Vehicle) - Industry Trends and Forecast to 2031.
North America Torque Vectoring Market Analysis and Size
The torque vectoring market is witnessing exponential growth propelled by cutting-edge advancements. The latest methods and technologies, such as predictive algorithms and real-time adaptive control systems, are revolutionizing vehicle dynamics. Enhanced traction, stability, and cornering agility are driving demand across automotive, aerospace, and marine sectors. This surge in innovation signifies a dynamic shift towards safer, more efficient transportation solutions.
The North America torque vectoring market size was valued at USD 2.68 billion in 2023, is projected to reach USD 9.99 billion by 2031, with a CAGR of 17.9% during the forecast period 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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Hardware and Services), Technology (Active Torque Vectoring System (ATVS) and Passive Torque Vectoring System (PTVS)), Clutch Actuation Type (Electric and Hydraulic), EV Type (BEV, and HEV), Driving Wheel Type (Rear-Wheel Drive (RWD), Front-Wheel Drive (FWD), and All-Wheel Drive/Four-Wheel Drive (AWD/4WD)), Vehicle Type (Passenger Cars, Commercial Vehicles, and Off Road Vehicle), Propulsion Type (Diesel/Petrol/CNG and Electric Vehicle)
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Countries Covered
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U.S., Canada and Mexico
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Market Players Covered
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Eaton (U.S.), American Axle & Manufacturing, Inc. (U.S.), Dana Limited (U.S.), JTEKT Corporation (Japan), Robert Bosch GmbH (Germany), UNIVANCE CORPORATION (Japan), Hewland Engineering Ltd (U.K.), Continental AG (Germany), Modelon, Inc. (Sweden), GKN Automotive Limited (U.K.), Drako Motors, Inc. (U.S.), MITSUBISHI MOTORS CORPORATION (Japan), Haldex (Sweden), Schaeffler AG (Germany), THE TIMKEN COMPANY (U.S.), Linamar Corporation (Canada), Ricardo (U.K.), and ZF Friedrichshafen AG (Germany)
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Market Opportunities
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Market Definition
Torque vectoring is a dynamic vehicle control technology that enhances handling and stability by independently adjusting the torque sent to each wheel in real-time. By precisely distributing power, it can optimize traction and cornering performance, reducing understeer or oversteer tendencies. This system improves agility, grip, and overall driving dynamics, especially in challenging road conditions or during aggressive maneuvers.
North America Torque Vectoring Market Dynamics
Drivers
- Rising Vehicle Performance Enhancement
Torque vectoring systems revolutionize vehicle performance by precisely distributing power to each wheel, resulting in superior acceleration, cornering, and handling. This innovation enhances driver experience and safety, driving market demand. For instance, the adoption of torque vectoring in high-performance sports cars such as the Audi R8 and Porsche 911 Turbo has garnered acclaim for their exceptional agility and control, showcasing the transformative impact of this technology on driving dynamics and market preference.
- Increasing Demand for Enhanced Driving Experience
The demand for an exhilarating driving experience propels the torque vectoring market forward. Consumers crave vehicles that deliver enhanced handling and responsiveness, and torque vectoring technology meets this expectation. For instance, the Audi RS3 employs torque vectoring to distribute power to individual wheels, ensuring precise cornering and exhilarating performance. This trend underscores the pivotal role of torque vectoring in meeting consumers' expectations for dynamic driving experiences.
Opportunities
- Increasing Electrification and Hybridization
The growing adoption of electric and hybrid vehicles presents a lucrative opportunity for torque vectoring systems. By seamlessly integrating with electric drivetrains, these systems optimize power distribution, enhancing both performance and efficiency. For instance, companies such as Tesla are leveraging torque vectoring technology to maximize traction and control in their electric vehicles, contributing to superior handling and driving dynamics, thereby driving the market forward.
- Rising Off-Road and All-Terrain Applications
Torque vectoring systems find versatile application beyond conventional road vehicles, extending to off-road and all-terrain vehicles. By precisely distributing power to individual wheels, these systems enhance traction and flexibility in challenging conditions such as mud, sand, and rocky terrain. For instance, in off-road racing, torque vectoring enables vehicles to navigate rough terrain with greater agility and control, driving demand for advanced off-road vehicles equipped with this technology.
Restraints/Challenges
- Limited Adoption in Entry-Level Vehicles
Limited adoption in entry-level vehicles due to the cost and complexity of torque vectoring systems restricts their market penetration. Consequently, these advanced systems remain predominantly exclusive to high-end and performance vehicles, hindering their broader accessibility and utilization across the automotive industry.
- Consumer Awareness and Acceptance
Consumer awareness and acceptance pose significant challenges to the torque vectoring market. Many consumers lack understanding of its benefits and are hesitant to adopt new technologies without proven reliability. This skepticism impedes market growth, as manufacturers struggle to convince consumers of the value and safety of torque vectoring systems amid their unfamiliarity and perceived risk.
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.
Recent Development
- In February 2023, American Axle & Manufacturing Holdings, Inc. forged agreements with NIO and Mercedes to co-develop high-performance hybrid-electric systems and electric vehicle components. Employing a P3 system layout with the electric motor situated on the rear axle, the design optimizes weight distribution and enhances total output torque, contrasting with a transmission-mounted electric motor (P2 hybrid), promising advancements in performance and efficiency for future electric vehicles
- In October 2022, Magna introduced its 48-volt hybrid dual-clutch transmission, debuting on models such as the Jeep Renegade, Compass e-Hybrid, Tipo, and Fiat 500 X. This innovative transmission system offers enhanced fuel efficiency and performance, marking a significant step forward in hybrid vehicle technology. Its integration into multiple vehicle models underscores Magna's commitment to advancing sustainable mobility solutions across various automotive segments
- In March 2022, Prodrive Holdings Limited made waves with the launch of the world’s first all-terrain Hyper Car. Featuring a robust 600 bhp four-wheel drive system, this adventure vehicle boasts unparalleled performance across diverse landscapes, showcasing Prodrive's dedication to pushing the boundaries of automotive innovation. This groundbreaking release not only expands Prodrive's market reach but also sets a new standard for all-terrain vehicles in terms of capability and performance
- In October 2021, MITSUBISHI MOTORS CORPORATION introduced advanced electric torque vectoring systems for its Outlander crossover SUV. These all-wheel control technologies enhance vehicle stability, providing superior control and operational capabilities across various driving conditions. With this innovation, Mitsubishi expands its torque vectoring systems portfolio, solidifying its position as a leader in delivering cutting-edge automotive technologies worldwide
- In December 2021, Magna unveiled its latest innovation, the EtelligentReach system, which debuted in a new vehicle model in 2022. This groundbreaking technology incorporates vehicle dynamics controllers with a disconnect system, improving efficiency and reducing CO2 emissions. Additionally, the longitudinal torque vectoring function enhances vehicle performance and handling, demonstrating Magna's commitment to developing sustainable mobility solutions that prioritize both environmental and driving performance benefits
North America Torque Vectoring Market Scope
The market is segmented on the basis of component, technology, clutch actuation type, driving wheel type, vehicle type, and propulsion type. 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.
Component
- Hardware
- Services
Technology
- Active Torque Vectoring System (ATVS)
- Passive Torque Vectoring System (PTVS)
Clutch Actuation Type
- Electric
- Hydraulic
Driving Wheel Type
- Rear-Wheel Drive (RWD)
- Front-Wheel Drive (FWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Off Road Vehicle
Propulsion Type
- Diesel/Petrol/CNG
- Electric Vehicle
North America Torque Vectoring Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided, component, technology, clutch actuation type, driving wheel type, vehicle type, and propulsion type as referenced above.
The countries covered in the market report are U.S., Canada and Mexico.
U.S. is expected to dominate the torque vectoring market due to its technological prowess and automotive innovation. With a robust infrastructure and rising demand for high-performance vehicles, the country leads in research and development, driving advancements in torque vectoring systems for enhanced vehicle dynamics and safety.
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 like 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.
Competitive Landscape and North America Torque Vectoring Market Share Analysis
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.
Some of the major players operating in the market are:
- Eaton (U.S.)
- American Axle & Manufacturing, Inc. (U.S.)
- Dana Limited (U.S.)
- JTEKT Corporation (Japan)
- Robert Bosch GmbH (Germany)
- UNIVANCE CORPORATION (Japan)
- Hewland Engineering Ltd (U.K.)
- Continental AG (Germany)
- Modelon, Inc. (Sweden)
- GKN Automotive Limited (U.K.)
- Drako Motors, Inc. (U.S.)
- MITSUBISHI MOTORS CORPORATION (Japan)
- Haldex (Sweden)
- Schaeffler AG (Germany)
- THE TIMKEN COMPANY (U.S.)
- Linamar Corporation (Canada)
- Ricardo (U.K.)
- ZF Friedrichshafen AG (Germany)
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