The torque vectoring market for automotive is primarily driven by the increased demand for luxury and performance vehicles (including SUVs, crossovers, and off-highway vehicles). The torque vectoring market for automotive 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.
AWD/4WD is estimated to be the largest segment in the torque vectoring market for automotive
The largest and fastest-growing market for torque vectoring is anticipated to be AWD/4WD over the projection period. The market for AWD/4WD torque vectoring systems is primarily driven by rising SUV sales as well as rising consumer demand for better vehicle stability, safety, and driving dynamics. The premium car category and SUVs are the main markets for AWD/4WD systems. The demand for premium sector automobiles and SUVs has increased as a result of improving economic conditions, growing industrialisation, and rising standards of living for customers worldwide.
Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=182006978
Electronic clutch actuation type is estimated to have the fastest growth in the torque vectoring market for automotive
Due to its superior efficiency compared to the hydraulic clutch, the electronic clutch actuation type is becoming more popular. The mechanical components’ needs are more effectively and durably met by the electronic clutch. Additionally, it contributes to total fuel efficiency improvement with high accuracy and satisfies several strict emission standards, which is the primary driver behind the adoption of such components in automobiles.
Europe is estimated to be the leading market for the torque vectoring market for automotive
Due to the existence of numerous established nations like Germany, the UK, France, and Spain, which make up a sizeable portion of the European automotive sector, the Europe region is predicted to have the greatest torque vectoring market for automobiles.
Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=182006978
Key Market Players
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).
Related Reports
Automotive Axle & Propeller Shaft Market – Global Forecast to 2025
Air Suspension Market – Global Forecast to 2027
Semi-Trailer Market – Global Forecast to 2025
