Enjoy complimentary customisation on priority with our Enterprise License!
Technavio’s market research report predicts that the global automotive torque vectoring system market will grow at a CAGR of above 31% during the forecast period. The growing need for convenience and safety in multiple terrain systems is one of the primary drivers for market growth. A four-wheel drive (4WD) system provides extreme traction to all the four wheels of a vehicle which avoids losing control over slippery roads. Also, an all-wheel-drive (AWD) system engages all the wheels in a vehicle and does not require mode switching between 2WD and 4WD. The torque vectoring system improves the convenience for the driver during improper road conditions by gathering information using sensors that monitor the wheel steering angle, wheel speed, and yaw rate. This data, in turn, assists in identifying the road conditions for altering the torque figures to the wheel much before the vehicle loses traction. Furthermore, the system also enhances the off-road performance by automatically fluctuating the torque to the wheels to maintain traction and offers an on-demand torque vectoring system that provides more convenience and safety than a 4WD system. Additionally, a torque vectoring system divides torque uniformly among all the wheels, lessening the engine strain when the vehicle moves uphill on improper roads.
One of the latest trends that will gain traction in the global automotive torque vectoring system market is the emergence of lighter, compact, and highly-flexible torque vectoring systems. Focusing on improving the torque vectoring systems, manufacturers are concentrating on developing lightweight systems and are also looking for solutions to cut down on the weight and offer a compact system. The Compact Torque Vectoring (CTV) that weighs just 13 kilograms is the latest from BorgWarner and is considerably lighter in weight than others. This latest offering is also platform-agnostic in nature enabling its use in applications across various vehicle platforms and models.
The global automotive torque vectoring system market consists of different key vendors and is competitive. To improve their market shares and sustain the competitive environment, few vendors are focusing on forming partnerships with the other players. One of the major market players BorgWarner, introduced the eAWD system fitted with torque vectoring system and which is mainly used in smaller vehicles, such as the A3 based on the VW Golf and the A1.
Key vendors in the market are:
Other prominent vendors include The Timken Company and Prodrive.
During 2016, the passive torque vectoring system segment dominated the global automotive torque vectoring system market and is expected to continue its dominance over the next four years. Properties such as the increased substantially in number and cost-effectiveness will be the major factors driving the growth of this market segment.
In terms of geography, the Americas led the global automotive torque vectoring system market during 2016 and is foreseen to continue the domination during the forecast period. The rising preference for SUVs and pickup trucks, a drop in gasoline prices, the growing credit availability, and the availability of better leasing options, will drive the growth of the SUV market in the region, in turn, propeling the demand for automotive torque vectoring systems.
Technavio also offers customization on reports based on specific client requirement.
To offer clients a holistic overview of the automotive market space, Technavio identifies short- and long-term trends in vehicular penetration rates, competitors, growth opportunities, and brings a comprehensive collection of market research reports on the various aspects of the automotive components sector, which is an integral part of the automotive industry. While analyzing this market’s landscape, research analysts have noted that the industry is witnessing profound market developments and structural transformations in the electric vehicles segment. Our actionable market intelligence reports provide information on some of the leading automotive manufacturers including Delphi, Denso, and Robert Bosch and OEMs like Fiat, Honda, Hyundai, Toyota, and Volkswagen.
By taking into account the stringent regulatory compliances within the automotive components industry, market research analysts at Technavio have focused on several insights to offer a comprehensive picture of the growth prospects and latest trends on automotive components like automotive torque vectoring system. These systems are primarily used in all-wheel drive vehicles and allow the wheels to grip the road for better launch and handling. Technavio’s portfolio of automotive components market includes research reports on accessories, aftermarket accessories, camera modules, connectors, head-up display (HUD), interior accessories, electronics components, and tire pressure monitoring systems.
Our upcoming market intelligence report on the automotive torque vectoring system also takes into account the growth of other niche automotive markets like global automotive hydromechanical variable transmission systems market, which is expected to grow at a CAGR of more than 67% by 2020. Apart from syndicated reports, Technavio also develops high-quality customized reports depending on the specific requirement of our clients. Our research specialists and industry experts cover an in-depth analysis of product trends and new market segments, including fifth wheel coupler, brake booster, torque converter, curtain airbags, automotive sensors, and crankshaft, to generate an all-encompassing overview of the automotive components market space.
The market report for the automotive torque vectoring system also identifies the key drivers, emerging trends, as well as the challenges that the automotive components industry is currently experiencing. It presents insights into the changing competitive landscape which will give you a realistic picture of the future direction of the automotive sector.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology
PART 07: Market segmentation by geography
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Tags: auto parts, auto manufacturers, automotive components, powertrain, automotive components segmentation analysis, automotive market growth,
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.