Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Torque Converter Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Torque Converter Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Torque
Converter Market is offered.
Market
Insights:
In accordance with the report, the Torque Converter
Market is projected to expand at a CAGR of 5.96% over the period
of forecast. The global Torque Converter
Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn
in 2031, growing with a significant CAGR rate during the forecast period. This
study includes all the data on the strengths of the market and the analysis of
the worldwide torque converter market. Additionally, the study includes a
summary of key dynamics, segmentation, significant players, geographical
analysis, and other crucial elements. The report also includes a thorough
analysis of the growth and projections for the worldwide torque converter
industry until 2031. A particular kind of fluid called a torque converter aids
in the transfer of rotational power from a prime mover to a rotating driven
load. In essence, it serves as a link between the engine and transmission. The
global torque converter market is projected to expand due to the rising demand
for passenger cars and automatic hydraulic transmissions in industrialised
nations. The development of dual-clutch and automatic gearbox systems, along
with torque converters, is being aided by the surge in demand for luxury cars
and passenger vehicles in the industrialised nations of the world. Modern
torque converter systems are helpful for simple driving and also aid in
reducing the effort required to overcome a stuck stop. As a result, the
worldwide torque converter market business is expanding as a result of the
demand for more modern systems in automobiles. Another significant driver of
the expansion of the global torque converter market is the development of
torque converters as part of the power train system. During the projected
period, it is anticipated that the market would expand due to the power train,
which consists of transmission and supplies energy to the engines that power
the vehicle. The torque converter market is anticipated to expand as a result
of the region's and the United States' rising demand for automobiles. By
controlling more than 30% of the worldwide torque converter market in 2018,
North America established itself as the leader, with Europe coming in second.
The rapid technological development and uptake in these locations, as well as
in other places like the United Kingdom, France, the United States, Canada, and
others, is what is responsible for the fast growth rate of the device.
Research
Methodology:
To compile
the detailed study of the global Torque Converter Market, a
robust research methodology has been adopted that aids in determining the key
insights and also evaluates the growth prospects of the Torque Converter Market. Comprehensive and iterative research
methodology focused on minimizing deviance in order to provide the most
accurate estimates and forecast possible. The company utilizes a combination of
bottom-up and top-down approaches for segmenting and estimating quantitative
aspects of the market. Our research methodology implements a mix of primary as
well as secondary research. Our projects are initiated with secondary research,
where we refer to a variety of sources including trade databases; government
published documents, investor presentations, company annual reports, Industrial
papers, and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the Torque Converter
Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Torque Converter Market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Torque Converter Market Compounded annual growth rates for all segments have also
been provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Torque Converter Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Torque Converter
Market, By Application, 2022-2031 (USD Million)
·
Amt
(Automated Manual Transmission)
·
Cvt
(Continuously Variable Transmission)
·
Dct (Dual
Clutch Transmission)
Torque Converter
Market, By end-users, 2022-2031 (USD Million)
·
Passenger
Vehicles
·
Commercial
Vehicles
Report
Highlights:
The prime objective of the Torque Converter Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Torque Converter
Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Torque
Converter Market:
·
Schaeffler
(Germany)
·
ZF
Friedrichshafen (Germany)
·
Aisin (Japan)
·
Valeo S.A.
(France)
·
KAPEC (South
Korea)
·
Transtar (US)
·
EXEDY (Japan)
·
Yutaka Giken
(Japan)
·
BorgWarner
Inc. (US)
·
Sonnax
Industries (US).
Torque
Converter Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry