The torque converter market is to reach USD 10.85 billion by 2028 and is to witness market growth at a rate of 4% during the forecast period from 2022 to 2028. The demand for hybrid electric vehicles is increasing, which will drive the torque converter market during the forecast period. In addition, in the automotive sector, there is an increasing demand for vehicles with automatic transmission systems with torque converters for fuel economy and ease of driving. It is also expected that in the coming years, small vehicles will adopt torque converters that will strengthen the torque converter market.
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Company Profile
• ACC Performance
• Aisin Europe S.A.
• Dynamic Manufacturing
• EXEDY Corporation
• Precision Industries
• Schaeffler AG
• Transtar Industries Inc.
Market Segmentation
By Automatic Transmission Type
• AMT (Automated manual Transmission)
• DCT (Dual-Clutch Transmission)
• CVT (continuously variable transmission)
By Vehicle Type
• Passenger car
• HCV (Heavy Commercial vehicles)
• LCV (Low Commercial vehicles)
By End Users
• Original equipment manufacturer (OEM)
• Aftermarket
Scope of the Report
The research study analyzes the global Torque Converter industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Torque Converter Market is available at:https://www.orionmarketreports.com/torque-converter-market/41136/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Torque Converter Market Report
- What was the Torque Converter Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Torque Converter Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Torque Converter Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Torque Converter market.
• The market share of the global Torque Converter market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Torque Converter market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Torque Converter market.
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