Dublin, April 05, 2022 (GLOBE NEWSWIRE) -- The "Global Automotive Torque Converter Market, By Vehicle Type, By Transmission Type (Automatic Transmission, Automated Manual Transmission, Dual-Clutch Transmission and Others), By Stage, By Propulsion Type, By Region, Competition Forecast and Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Torque Converter Market stood at $15,357.26 million in 2020 and is anticipated to grow at a CAGR of 6.02% during the forecast period to reach $22,736.82 million by 2026. Ongoing technological advancements, increasing demand for hybrid electric vehicles, and surging usage in commercial vehicles are the primary factors that are expected to drive the growth of the Global Automotive Torque Converter Market in the forecast period.
The rise in the number of vehicles on the road is increasing traffic congestion in urban areas around the globe. Automotive manufacturers are installing automatic transmissions in automobiles to make the vehicles navigate easily through dense traffic. The automotive torque converter ensures that the vehicle starts and stops, therefore enriching the consumers' driving experience. Innovations in technologies used in automobiles and the growing utilization of automotive torque converts in commercial vehicles are bolstering the market demand all over the globe.
The growing disposable income of consumers makes them able to invest in advanced technologies such as the use of concave clutch technology in automobiles, which is influencing the market demand. Furthermore, increasing vehicle fleet, development of efficient transportation and logistics industry, and the need to enhance the driving experience by manufacturers are expected to boost the Global Automotive Torque Converter Market growth in the forecast period. However, high maintenance costs and the risk of malfunctioning automotive torque converts may hinder the market growth in the forecast period.
The Global Automotive Torque Converter Market is segmented based on vehicle, transmission, stage, propulsion, region, and competitional landscape. Based on the vehicle type, the market is divided into passenger cars, LCV and M&HCV. The passenger car segment is expected to hold the largest market share in the forecast period. The rise in the purchasing power of consumers, increase in the market players, and launch of advanced features in automobiles are driving the demand for passenger cars all over the globe.
Major market players operating in the Global Automotive Torque Converter Market are Sonnax Transmission Company, Inc., Schaeffler Technologies AG & Co. KG, ZF Friedrichshafen AG, Exedy Corporation, Yutaka Giken Company Limited, Dynax Corporation, Jatco Ltd., Jeon Woo Precision Co, Ltd, BorgWarner Inc. Precision Industries, Valeo Group, Aisin Corporation, Shaanxi Aerospace Power Hi-tech Co., Ltd, Dana Limited, Allison Transmission Inc., Transtar Industries Inc., Unipres Corporation., RevMax Performance Converters, TCI Automotive LLC, A-1 Performance Trans & Converters.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Objective of the Study:
- To analyze the historical growth and the market size of the Global Automotive Torque Converter Market from 2016 to 2020.
- To estimate and forecast the market size of the Global Automotive Torque Converter Market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the Global Automotive Torque Converter Market based on vehicle, transmission, stage, propulsion, region, and competitional landscape.
- To identify drivers and challenges for the Global Automotive Torque Converter Market.
- To examine competitive developments such as expansions, new product launches, mergers, and acquisitions, etc., in the Global Automotive Torque Converter Market.
- To conduct pricing analysis for the Global Automotive Torque Converter Market.
- To identify and analyze the profile of leading players operating in the Global Automotive Torque Converter Market.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Automotive Torque Converter Market
4. Executive Summary
5. Voice of Customers
5.1. Brand Recall
5.2. Factors Influencing Purchase Decision
5.3. Challenges/Issues Faced Post Purchase
6. Global Automotive Torque Converter Market Outlook
6.1. Market Size & Forecast
6.1.1. By Volume
6.1.2. By Value
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Passenger Cars, LCV and M&HCV)
6.2.2. By Transmission Type (Automatic Transmission (AT), Automated Manual Transmission (AMT), Dual-Clutch Transmission (DCT) and Others)
6.2.3. By Stage (Stall, Acceleration and Coupling)
6.2.4. By Propulsion (Petrol/CNG, Diesel, and Electric and Hybrid)
6.2.5. By Region
6.2.6. By Company (2020)
6.3. Market Map (By Transmission Type, By Region)
7. Asia-Pacific Automotive Torque Converter Market Outlook
8. Europe Automotive Torque Converter Market Outlook
9. North America Automotive Torque Converter Market Outlook
10. Middle East & Africa Automotive Torque Converter Market Outlook
11. South America Automotive Torque Converter Market Outlook
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
14. Competitive Landscape
14.1. Sonnax Transmission Company, Inc.
14.2. Schaeffler Technologies AG & Co. KG
14.3. ZF Friedrichshafen AG
14.4. Exedy Corporation
14.5. Yutaka Giken Company Limited.
14.6. Dynax Corporation
14.7. Jatco Ltd.
14.8. Jeon Woo Precision Co,. Ltd.
14.9. BorgWarner Inc.
14.10. Precision Industries
14.11. Valeo Group
14.12. Aisin Corporation
14.13. Shaanxi Aerospace Power Hi-tech Co., Ltd
14.14. Dana Limited
14.15. Allison Transmission Inc.
14.16. Transtar Industries Inc.
14.17. Unipres Corporation.
14.18. RevMax Performance Converters
14.19. TCI Automotive LLC
14.20. A-1 Performance Trans & Converters
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/gvl5vv
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