The Automotive Torque Vectoring Market is primarily driven by the increased demand for luxury and performance vehicles (including SUVs, crossovers, and off-highway vehicles).
The Torque Vectoring Market is projected to grow at a CAGR of 20.01% from 2018 to 2025. From a market size of USD 5.22 billion in 2018, it is projected to reach a market size of USD 18.70 billion by 2025. The important factors driving the growth of this market include the increase in awareness about enhanced safety and vehicle dynamics.
The continued decrease in emission limits and increased fuel efficiency limits have fuelled the demand for electric vehicles such as BEVs and HEVs, which, in turn, is expected to have a significant impact on the global torque vectoring market. These vehicles mostly come under the luxury and premium segment and are loaded with top-end features. So, in HEVs the torque vectoring differential can be found, and for BEVs, the torque vectoring can be done through software and hardware combination. Also, these vehicles mostly come with all-wheel drives, which is also a major driving factor for the torque vectoring market.
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AWD/4WD is estimated to be the largest as well as the fastest-growing segment of the torque vectoring market during the forecast period. The AWD/4WD segment is mainly driven by the growing demand for SUVs, increasing demand for improved vehicle safety, stability, and enhanced driving dynamics. The AWD/4WD systems find their application mostly in the premium car segment and the SUVs. Improving economic conditions, increasing industrialization, and the improving standard of living of consumers around the world have increased the demand for premium segment cars and SUVs. The rise in the penetration of AWD/4WD is one of the major trends that will gain traction in this market.
Europe is estimated to lead the torque vectoring market for automotive and will see significant growth with the presence of many developed countries such as Germany, the UK, France, and Spain, which account for a considerable share of the European automotive industry. The market is dominated by established OEMs such as BMW AG (Germany), Daimler AG (Germany), Fiat (Italy), PSA/Peugeot-Citroen (France), and the Volkswagen Group (Germany).
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The emphasis on the advancement of mobility solutions will foster the growth of the torque vectoring market, and therefore, players can tap these opportunities. As the automotive industry is moving toward automation and electrification, there is an increasing trend of vehicle electrification. These vehicles will show a high requirement of torque vectoring to maintain comfort, safety, and vehicle performance. Hence, the need for torque vectoring is expected to rise in line with the growing requirement for electrification.
• Automotive OEMs
• Differential component raw material suppliers
• Differential component suppliers
• Distributors and suppliers of automotive components/parts
• Distributors and suppliers of automotive differential manufacturers
• Electric component manufacturers
• Electric vehicle manufacturers
• Industry associations and experts
• Original equipment manufacturers (OEMs)
• Raw material manufacturers
• Raw material suppliers
• Technology developers and suppliers
Torque vectoring manufacturers