The upgradation of road infrastructure globally has improved the overall driving experience, but with the incorporation of torque vectoring it has become even easier to manage driving experience on the road. Market reports linked with the automobile industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The Torque vectoring market for Automotive is set to establish a CAGR growth of 12% while earning revenues worth USD 9.20 Bn by 2023.
Increasing demand for better control and handling of automobiles is increasing the demand for torque vectoring. The growing demand for torque vectoring has led the automobile manufacturers to improve the cornering abilities and steadiness of their cars. The improvements in technology are projected to improve the torque vectoring differentials and will thus expand the automobile segment further in the coming years.
The segmentation of the torque vectoring market is segmented on the basis of propulsion, electric vehicle (EV) type, vehicle type, clutch actuation type, and technology. On the basis of vehicle type, the market for torque vectoring can be segmented into light commercial vehicle and passenger car. Based on propulsion, the market for torque vectoring can be segmented into rear wheel drive, front wheel drive, and all/four-wheel drive. On the basis of clutch actuation type, the market for torque vectoring comprises of electronic and hydraulic. On the basis of electronic vehicle type, the market for torque vectoring consists of hybrid electric vehicle (HEV) and battery electric vehicle (BEV). The technology basis of market segmentation of the torque vectoring market includes passive torque vector system and active torque vector system.
Detailed Regional Analysis
The regional analysis of the torque vectoring system market comprises of regions such as Europe, the Americas, Asia Pacific, and the Middle East and Africa (MEA). The Americas region is currently controlling the torque vectoring system market. As the Americas region has better infrastructure, and zonal technological intelligence the market in the region is flourishing. The European region is the quickest growing region in the torque vectoring system market. The region is also a hub for more than a few automobile leaders which is a key reason fuelling the growth of the torque vectoring market. Additionally, the investment made for research and development is quite considerable which is promoting the market development. On the other hand, the APAC region, in terms of volume, is fairly big and has huge business potentials which has attracted market leaders.
The market trends hint at favorable development of the products that can bring in novelty to the product range and address the customer need better. The market also shows potential for demonstrating a greater comparative or differential value. The presence of a productive entity is expected to generate more sales or superior margins compared to its market rivals. The market contenders find themselves in a favorable position with the ability to manage the pace of change. The advent of new technology has boosted the growth potential of the market. Substantial cutbacks in administrative finances are bringing further development to the market. The development of a strong value chain is moreover motivating the expansion of the market. The notable players shaping the torque vectoring market are American Axle (US), Dana (US), BorgWarner (US), Eaton (Ireland), ZF (Germany), Schaeffler (Germany), JTEKT (Japan), GKN (UK), Getrag (Canada), Bosch (Germany), Oerlikon Graziano (Italy), Univance (Germany), Timken (US), Ricardo (UK), Continental AG (Germany), and others.
Jan 2018 The Subaru Forester compact SUV has been thoroughly overhauled for 2019. The new model has new standard features on the base model such as active torque vectoring, EyeSight driver assist technology, LED headlights, auto start-stop, automatic climate control, electronic parking brake and Subaru’s SI-Drive engine performance management system to name a few.