Free Press Release
Create Free Account! Members Login
Art & Entertainment Automotive Blogging & Social Media Business Computer Design Education Environment Events / Trade Shows Games & Entertainment Government Health and Fitness Home & Family Industry Legal / Law Lifestyle News & Society Politics Religion Sports Technology Web sites / Internet

Press Release / Automotive / Torque Converter Market worth 9.88 Billion USD by 2025

Torque Converter Market worth 9.88 Billion USD by 2025

By tiwaripriya on November 22 2017 | 170 Views

The torque converter market is projected to grow at a CAGR of 5.78% from 2017 and is expected to reach USD 9.88 Billion by 2025.

Torque Converter Market by Transmission Type (AT, CVT, and DCT), Component (Clutch Plate, Damper, Impeller, Turbine, and Stator), Vehicle (Passenger Car and Commercial Vehicle), Hybrid Vehicle (HEV and PHEV), Aftermarket, and Region - Global Forecast to 2025", The torque converter market is projected to grow at a CAGR of 5.78% from 2017 and is expected to reach USD 9.88 Billion by 2025. The torque converter market is driven by the increasing sale of automatics, the increasing demand for Continuously Variable Transmission (CVT) and the rising demand for luxury vehicles.

Download PDF Brochure>>https://www.marketsandmarkets.com/pdfdownload.asp?id=11286289

Automatic transmission to be the largest segment of the torque converter market

The study segments the torque converters market by transmission type into Automatic Transmission (AT), CVT, and Dual -Clutch Transmission (DCT). A T is estimated to be the largest market for torque converters during the forecast period. The market growth of this transmission segment can be attributed to the increasing production of passenger cars in North America and the mandatory installation of torque converters in AT vehicles.

HEV to be the largest segment of the torque converter market by hybrid vehicle type

The sales of Hybrid Electric Vehicles (HEVs) are increasing as they provide the benefit of having an Internal Combustion Engine (ICE) as well as an electric motor in the vehicle. Thus, the increasing sales of HEVs and the high penetration of AT in HEV makes them the largest segment of the torque converter market by hybrid vehicle type.

Europe to be the fastest growing region for torque converters

The market for torque converters in Europe is very small compared to North America and Asia Oceania as consumers in Europe prefer DCT over AT. Torque converters solve the problem of lurching at low speed in DCT vehicles. The demand for torque converters in DCT vehicles is at a nascent stage. However, during the forecast period, their demand is projected to increase as they improve the driving experience of DCT vehicles. Hence, Europe with its high penetration of DCT is projected to be the fastest growing market during the forecast period.

The major companies in the torque converter market are profiled in the study. These include Schaeffler (Germany), ZF Friedrichshafen (Germany), Aisin (Japan), Valeo S.A. (France), KAPEC (South Korea), Transtar (US), EXEDY (Japan), Yutaka Giken (Japan), BorgWarner, Inc. (US), and Sonnax Industries (US).



Latest Exclusive Press Release
Knowledge Management Software Market Global Analysis, Segments, Top Key Players, Drivers and Trends by Forecast to 2023
Global Stationery and Cards Market 2018 Share, Trend, Segmentation and Forecast To 2023
Smart Machine Global Market 2018- Competitive Landscape, Strategies, Share, Trends, Segmentation, Growth Forecast 2022
Carbon Nanotube (CNT) Market Growth Prospects with Company Profiles Analysis Research Report
Global Fungicides Market is projected to grow at a CAGR over 5.4% during the period 2017- 2023
Popular Press Release
Zeng Fanzhi Parcours Exhibition 2016 in Beijing
Home Ministry’s Population Register Worse than Prisoner Identification
First Time Home Buyers Tax Credits STILL Available For Troops!
Best Web Hosting Service in India
Model the world with Google SketchUp 8


Art & Entertainment Automotive Blogging & Social Media Business
Computer Design Education Environment
Events / Trade Shows Games & Entertainment Government Health and Fitness
Home & Family Industry Legal / Law Lifestyle
News & Society Politics Religion Sports
Technology Web sites / Internet