The North America Torque Vectoring Market should witness market growth of 14.6% CAGR during the forecast period (2022-2028).
The most critical and vital systems for ensuring safety and enhancing vehicle performance are torque vectoring technologies. These systems essentially distribute orprovide torque between the wheels, enabling the car to easily turn around a bend or curve. Torque vectoring combines electrical andhardware components to provide a comprehensive, predictive approach to automobile dynamics. In accordance with the driver's wishes and the driving circumstances, it delivers the most optimal torquedistribution to the wheel of the vehicleat any point.
The need for high-end, high-performance automobiles that adhere to safety regulations is rising, boosting the integrational requirement for torque vectoring. Also, technological innovation is opening up opportunities that might make the expansion of the torque vectoring market easy sailing in the years to come. Electric vehicles and concept automobiles are also anticipated to introduce innovations that will spur additional market expansion. It excels in keeping the car's performance, weight, and pricebalanced. Fundamentally, there are two distinct kinds of torque vectoring systems that are widely employed. These areelectric-based torque vectoring and brake-based torque vectoring.
One of the world's biggest marketplaces for automobiles is in the United States. The world's second-largest market for car sales and production is the United States. The forefront of development is also seen in the automotive sector. To better take advantage of the potential of the twenty-first century, new R&D projects are changing the sector. The US has experienced the fastest growth in the adoption of electric vehiclesin the first half of 2022. Battery electric vehicles (BEVs) made up 5.5% of all new light truck and passenger car sales, and plug-in hybrid electric vehicles (PHEVs) made up another 1.4%. Therefore, in the coming years, the regional torque vectoring market will expand owing to the higher adoption of electric vehicles.
The US market dominated the North America Torque Vectoring Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,502 million by 2028. The Canada market is poised to grow at a CAGR of 17.2% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 16.1% 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 U.S., Mexico, Canada, and Rest of North America.
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.
The most critical and vital systems for ensuring safety and enhancing vehicle performance are torque vectoring technologies. These systems essentially distribute orprovide torque between the wheels, enabling the car to easily turn around a bend or curve. Torque vectoring combines electrical andhardware components to provide a comprehensive, predictive approach to automobile dynamics. In accordance with the driver's wishes and the driving circumstances, it delivers the most optimal torquedistribution to the wheel of the vehicleat any point.
The need for high-end, high-performance automobiles that adhere to safety regulations is rising, boosting the integrational requirement for torque vectoring. Also, technological innovation is opening up opportunities that might make the expansion of the torque vectoring market easy sailing in the years to come. Electric vehicles and concept automobiles are also anticipated to introduce innovations that will spur additional market expansion. It excels in keeping the car's performance, weight, and pricebalanced. Fundamentally, there are two distinct kinds of torque vectoring systems that are widely employed. These areelectric-based torque vectoring and brake-based torque vectoring.
One of the world's biggest marketplaces for automobiles is in the United States. The world's second-largest market for car sales and production is the United States. The forefront of development is also seen in the automotive sector. To better take advantage of the potential of the twenty-first century, new R&D projects are changing the sector. The US has experienced the fastest growth in the adoption of electric vehiclesin the first half of 2022. Battery electric vehicles (BEVs) made up 5.5% of all new light truck and passenger car sales, and plug-in hybrid electric vehicles (PHEVs) made up another 1.4%. Therefore, in the coming years, the regional torque vectoring market will expand owing to the higher adoption of electric vehicles.
The US market dominated the North America Torque Vectoring Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,502 million by 2028. The Canada market is poised to grow at a CAGR of 17.2% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 16.1% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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
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- Exhaustive coverage
- The highest number of Market tables and figures
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- 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 North America Torque Vectoring Market, by Propulsion
1.4.2 North America Torque Vectoring Market, by Vehicle Type
1.4.3 North America Torque Vectoring Market, by Clutch Actuation Type
1.4.4 North America Torque Vectoring Market, by Technology
1.4.5 North America 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. North America Torque Vectoring Market by Propulsion
3.1 North America All Wheel Drive/Four Wheel Drive (AWD/4WD) Market by Country
3.2 North America Rear Wheel Drive (RWD) Market by Country
3.3 North America Front Wheel Drive (FWD) Market by Country
Chapter 4. North America Torque Vectoring Market by Vehicle Type
4.1 North America Passenger Car Market by Country
4.2 North America Light Commercial Vehicles Market by Country
4.3 North America Heavy Commercial Vehicles Market by Country
Chapter 5. North America Torque Vectoring Market by Clutch Actuation Type
5.1 North America Hydraulic Clutch Market by Country
5.2 North America Electronic Clutch Market by Country
Chapter 6. North America Torque Vectoring Market by Technology
6.1 North America Passive Market by Country
6.2 North America Active Market by Country
Chapter 7. North America Torque Vectoring Market by Country
7.1 US Torque Vectoring Market
7.1.1 US Torque Vectoring Market by Propulsion
7.1.2 US Torque Vectoring Market by Vehicle Type
7.1.3 US Torque Vectoring Market by Clutch Actuation Type
7.1.4 US Torque Vectoring Market by Technology
7.2 Canada Torque Vectoring Market
7.2.1 Canada Torque Vectoring Market by Propulsion
7.2.2 Canada Torque Vectoring Market by Vehicle Type
7.2.3 Canada Torque Vectoring Market by Clutch Actuation Type
7.2.4 Canada Torque Vectoring Market by Technology
7.3 Mexico Torque Vectoring Market
7.3.1 Mexico Torque Vectoring Market by Propulsion
7.3.2 Mexico Torque Vectoring Market by Vehicle Type
7.3.3 Mexico Torque Vectoring Market by Clutch Actuation Type
7.3.4 Mexico Torque Vectoring Market by Technology
7.4 Rest of North America Torque Vectoring Market
7.4.1 Rest of North America Torque Vectoring Market by Propulsion
7.4.2 Rest of North America Torque Vectoring Market by Vehicle Type
7.4.3 Rest of North America Torque Vectoring Market by Clutch Actuation Type
7.4.4 Rest of North America 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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