The Latin America, Middle East and Africa Torque Vectoring Market should witness market growth of 18.5% CAGR during the forecast period (2022-2028).
Torque vectoring devices that deliver constant yaw moments can significantly improve the handling response of EVs. Torque vectoring systems modify the vehicle's dynamic and steady-state characteristics. The idea can help achieve improved performance, for instance, by decreasing the understeer gradient, lengthening the linear dependence of the vehicle reaction, and raising the maximum lateral acceleration.
The size of the torque vectoring market is also being driven by the increase in the usage of passenger and commercial cars across industries, particularly in logistics and transportation. The strict regulations and government partnerships to reduce carbon emissions worldwide are the main reasons propelling the demand fortorque vectoring.
Various initiatives and programs are being developed by governments to promote sustainability and produce clean, green energy. At the industrial level, several incentives and subsidies are provided to encourage the transition to electric or hybrid cars. Also, regulatory organizations impose a variety of punishments to encourage the development of EV infrastructure as well as other crucial assistance for the promotion of green and clean energy.
Residents' income is not subject to income tax in Dubai. As a result, the demand for luxury goods, including cars, is thriving in the UAE. The luxury car industry is expanding strongly in the nation, whether it is due to rising consumer per capita income, excellent road conditions, or a favorable tax structure. People increasingly invest in luxury cars because of amenities like automatic safety features, integrated entertainment systems,and superior interior and exterior finishes. Hence, the rising preference for luxury vehicles and the increasing consumer disposable incomes are the primary factors boosting the development of the torque vectoring market in this region.
The Brazil market dominated the LAMEA Torque Vectoring Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $335.5 million by 2028. The Argentina market is estimated to grow a CAGR of 19.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 18.2% during (2022-2028).
Based on Propulsion, the market is segmented into All Wheel Drive/Four Wheel Drive (AWD/4WD), Rear Wheel Drive (RWD) and Front Wheel Drive (FWD). Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on Clutch Actuation Type, the market is segmented into Hydraulic Clutch and Electronic Clutch. Based on Technology, the market is segmented into Passive and Active. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include GKN Automotive Limited (Melrose Industries PLC), Continental AG, ZF Friedrichshafen AG, JTEKT Corporation, American Axle & Manufacturing, Inc., Univance Corporation, Dana Incorporated, BorgWarner, Inc., Eaton Corporation PLC, and Robert Bosch GmbH.
Torque vectoring devices that deliver constant yaw moments can significantly improve the handling response of EVs. Torque vectoring systems modify the vehicle's dynamic and steady-state characteristics. The idea can help achieve improved performance, for instance, by decreasing the understeer gradient, lengthening the linear dependence of the vehicle reaction, and raising the maximum lateral acceleration.
The size of the torque vectoring market is also being driven by the increase in the usage of passenger and commercial cars across industries, particularly in logistics and transportation. The strict regulations and government partnerships to reduce carbon emissions worldwide are the main reasons propelling the demand fortorque vectoring.
Various initiatives and programs are being developed by governments to promote sustainability and produce clean, green energy. At the industrial level, several incentives and subsidies are provided to encourage the transition to electric or hybrid cars. Also, regulatory organizations impose a variety of punishments to encourage the development of EV infrastructure as well as other crucial assistance for the promotion of green and clean energy.
Residents' income is not subject to income tax in Dubai. As a result, the demand for luxury goods, including cars, is thriving in the UAE. The luxury car industry is expanding strongly in the nation, whether it is due to rising consumer per capita income, excellent road conditions, or a favorable tax structure. People increasingly invest in luxury cars because of amenities like automatic safety features, integrated entertainment systems,and superior interior and exterior finishes. Hence, the rising preference for luxury vehicles and the increasing consumer disposable incomes are the primary factors boosting the development of the torque vectoring market in this region.
The Brazil market dominated the LAMEA Torque Vectoring Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $335.5 million by 2028. The Argentina market is estimated to grow a CAGR of 19.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 18.2% during (2022-2028).
Based on Propulsion, the market is segmented into All Wheel Drive/Four Wheel Drive (AWD/4WD), Rear Wheel Drive (RWD) and Front Wheel Drive (FWD). Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on Clutch Actuation Type, the market is segmented into Hydraulic Clutch and Electronic Clutch. Based on Technology, the market is segmented into Passive and Active. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include GKN Automotive Limited (Melrose Industries PLC), Continental AG, ZF Friedrichshafen AG, JTEKT Corporation, American Axle & Manufacturing, Inc., Univance Corporation, Dana Incorporated, BorgWarner, Inc., Eaton Corporation PLC, and Robert Bosch GmbH.
Scope of the Study
By Propulsion
- All Wheel Drive/Four Wheel Drive (AWD/4WD)
- Rear Wheel Drive (RWD)
- Front Wheel Drive (FWD)
By Vehicle Type
- Passenger Car
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Clutch Actuation Type
- Hydraulic Clutch
- Electronic Clutch
By Technology
- Passive
- Active
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- GKN Automotive Limited (Melrose Industries PLC)
- Continental AG
- ZF Friedrichshafen AG
- JTEKT Corporation
- American Axle & Manufacturing, Inc.
- Univance Corporation
- Dana Incorporated
- BorgWarner, Inc.
- Eaton Corporation PLC
- Robert Bosch GmbH
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Torque Vectoring Market, by Propulsion
1.4.2 LAMEA Torque Vectoring Market, by Vehicle Type
1.4.3 LAMEA Torque Vectoring Market, by Clutch Actuation Type
1.4.4 LAMEA Torque Vectoring Market, by Technology
1.4.5 LAMEA Torque Vectoring Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Torque Vectoring Market by Propulsion
3.1 LAMEA All Wheel Drive/Four Wheel Drive (AWD/4WD) Market by Country
3.2 LAMEA Rear Wheel Drive (RWD) Market by Country
3.3 LAMEA Front Wheel Drive (FWD) Market by Country
Chapter 4. LAMEA Torque Vectoring Market by Vehicle Type
4.1 LAMEA Passenger Car Market by Country
4.2 LAMEA Light Commercial Vehicles Market by Country
4.3 LAMEA Heavy Commercial Vehicles Market by Country
Chapter 5. LAMEA Torque Vectoring Market by Clutch Actuation Type
5.1 LAMEA Hydraulic Clutch Market by Country
5.2 LAMEA Electronic Clutch Market by Country
Chapter 6. LAMEA Torque Vectoring Market by Technology
6.1 LAMEA Passive Market by Country
6.2 LAMEA Active Market by Country
Chapter 7. LAMEA Torque Vectoring Market by Country
7.1 Brazil Torque Vectoring Market
7.1.1 Brazil Torque Vectoring Market by Propulsion
7.1.2 Brazil Torque Vectoring Market by Vehicle Type
7.1.3 Brazil Torque Vectoring Market by Clutch Actuation Type
7.1.4 Brazil Torque Vectoring Market by Technology
7.2 Argentina Torque Vectoring Market
7.2.1 Argentina Torque Vectoring Market by Propulsion
7.2.2 Argentina Torque Vectoring Market by Vehicle Type
7.2.3 Argentina Torque Vectoring Market by Clutch Actuation Type
7.2.4 Argentina Torque Vectoring Market by Technology
7.3 UAE Torque Vectoring Market
7.3.1 UAE Torque Vectoring Market by Propulsion
7.3.2 UAE Torque Vectoring Market by Vehicle Type
7.3.3 UAE Torque Vectoring Market by Clutch Actuation Type
7.3.4 UAE Torque Vectoring Market by Technology
7.4 Saudi Arabia Torque Vectoring Market
7.4.1 Saudi Arabia Torque Vectoring Market by Propulsion
7.4.2 Saudi Arabia Torque Vectoring Market by Vehicle Type
7.4.3 Saudi Arabia Torque Vectoring Market by Clutch Actuation Type
7.4.4 Saudi Arabia Torque Vectoring Market by Technology
7.5 South Africa Torque Vectoring Market
7.5.1 South Africa Torque Vectoring Market by Propulsion
7.5.2 South Africa Torque Vectoring Market by Vehicle Type
7.5.3 South Africa Torque Vectoring Market by Clutch Actuation Type
7.5.4 South Africa Torque Vectoring Market by Technology
7.6 Nigeria Torque Vectoring Market
7.6.1 Nigeria Torque Vectoring Market by Propulsion
7.6.2 Nigeria Torque Vectoring Market by Vehicle Type
7.6.3 Nigeria Torque Vectoring Market by Clutch Actuation Type
7.6.4 Nigeria Torque Vectoring Market by Technology
7.7 Rest of LAMEA Torque Vectoring Market
7.7.1 Rest of LAMEA Torque Vectoring Market by Propulsion
7.7.2 Rest of LAMEA Torque Vectoring Market by Vehicle Type
7.7.3 Rest of LAMEA Torque Vectoring Market by Clutch Actuation Type
7.7.4 Rest of LAMEA Torque Vectoring Market by Technology
Chapter 8. Company Profiles
8.1 Continental AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Robert Bosch GmbH
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 BorgWarner, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Acquisition and Mergers:
8.4 Dana Incorporated
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.5 ZF Friedrichshafen AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 American Axle & Manufacturing, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Geographical Expansions:
8.7 Eaton Corporation PLC
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.7.4 Research & Development Expense
8.8 JTEKT Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Research & Development Expenses
8.9 Univance Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.10. GKN Automotive Limited (Melrose Industries PLC)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
Companies Mentioned
- GKN Automotive Limited (Melrose Industries PLC)
- Continental AG
- ZF Friedrichshafen AG
- JTEKT Corporation
- American Axle & Manufacturing, Inc.
- Univance Corporation
- Dana Incorporated
- BorgWarner, Inc.
- Eaton Corporation PLC
- Robert Bosch GmbH
Methodology
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