Market Recovery and Growth Projections 2021-2025
Accelerating at a CAGR of almost 6.52%, the Global Automotive torque converter market is expected to grow by $ 2.14 bn during the forecast period. Our research report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. This research also delves deep into issues that are likely to challenge market growth. This detailed analysis of the market will facilitate clients in planning a business strategy for the growth of their business in the post-pandemic era.
Request for Our Free Sample Report for detailed Insights
Automotive Torque Converter Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
Automotive Torque Converter Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
Automotive Torque Converter Market: Vendor Analysis
Key Areas Covered in our Report:
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
Automotive Torque Converter Market Size to Grow by $ 2.14 bn through 2021-2025
Technavio research projects the automotive torque converter market to grow by $ 2.14 bn, accelerating at a CAGR of almost 7% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Automotive Torque Converter Market: Key Market Driver
One of the primary factors that will trigger the growth of the automotive torque converter market size is rising demand for automatic transmission systems. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Automotive Torque Converter Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aisin Seiki Co. Ltd., Delphi Technologies Plc, Schaeffler AG, Sonnax Transmission Co. Inc., SUBARU Corp., Transtar Industries Inc., Valeo SA, Voith GmbH & Co. KGaA, Yutaka Giken Co. Ltd., and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
The Global Automotive Torque Converter Market is expected to grow by USD 2.14 billion, accelerating at a CAGR of almost 7% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View our Free Sample Report
Automotive Torque Converter Market: Segmentation by Type
The passenger vehicles segment dominated the market in 2020 owing to the growing demand for automatic hydraulic transmission vehicles and CVT passenger vehicles. The growth of the market in this segment is expected to remain consistent during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive torque converter market size.
The rising demand for automatic transmission systems is one of the primary factors that will fuel the automotive torque converter market growth during the next few years. Automatic transmission systems are more economical and resource-friendly compared with manual transmission systems. This is fueling the demand for automotive torque converters.
Automotive Torque Converter Market: Key Trends to Drive Market Growth
Technological advancements in torque converters is one of the key automotive torque converter market trends. To increase the efficiency of the vehicle operation, manufacturers are focusing on optimizing torque converters. Modern torque converters have low size and weight, high lockup range, and advanced production processe and aid in the reduction of the overall operational cost. With manufacturers focusing on enhancing fuel efficiency and achieving high torque by increasing the lock up range in the vehicles, the demand for these converters will increase significantly during the forecast period.
Automotive Torque Converter Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aisin Seiki Co. Ltd., Delphi Technologies Plc, Schaeffler AG, Sonnax Transmission Co. Inc., SUBARU Corp., Transtar Industries Inc., Valeo SA, Voith GmbH & Co. KGaA, Yutaka Giken Co. Ltd., and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
