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Torque Converter Market by Industry Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71870
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The torque converter market share is expected to increase by USD 4.01 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.87%.

This torque converter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers torque converter market segmentation by customer landscape (automotive, industrial, and others) and geography (APAC, Europe, North America, South America, and MEA). The torque converter market report also offers information on several market vendors, including Aisin Corp., BorgWarner Inc., Continental AG, EXEDY Corp., Isuzu Motors Ltd., Precision Industries, Renault s.a.s, Schaeffler AG, Valeo SA, and ZEPPELIN GmbH among others.

What will the Torque Converter Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Torque Converter Market Size for the Forecast Period and Other Important Statistics

 

Torque Converter Market: Key Drivers and Trends

The growing demand for automatic transmission systems is notably driving the torque converter market growth, although factors such as high replacement and repair costs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the torque converter industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Torque Converter Market Driver

The growing demand for automatic transmission systems is one of the key drivers for supporting torque converter market size growth. OEMs are focusing on expanding their market globally. Meanwhile, the governments of Asian countries are encouraging the expansion of the automotive industry. Simultaneously, these countries are also the major producers of raw materials and are considered as one of the largest pools of experienced talent. On the other hand, developing countries require low manufacturing costs with large volume demand. To attain globalization, the demand for torque converters is increasing worldwide.

Key Torque Converter Market Challenge

High replacement and repair costs will hamper the torque converter market size growth in the coming years. They are generally inexpensive, but as the labor is extensive and takes time, replacing or repairing the torque converter costs more. To get the job done, depending on the design, either the engine or the transmission (or both) needs to be completely removed from the vehicle. The job of repairing and replacing the torque converter is cheaper for rear-wheel-drive automatic transmission vehicles than for front-wheel-drive or four-wheel-drive automatic transmission vehicles. Repairing a torque converter, on average, takes 8-9 hours for a mechanic or technician. 

This torque converter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Torque Converter Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aisin Corp.
  • BorgWarner Inc.
  • Continental AG
  • EXEDY Corp.
  • Isuzu Motors Ltd.
  • Precision Industries
  • Renault s.a.s
  • Schaeffler AG
  • Valeo SA
  • ZEPPELIN GmbH

 

This statistical study of the torque converter market encompasses successful business strategies deployed by the key vendors. The torque converter market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The torque converter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Torque Converter Market?

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36% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for torque converter market in APAC. Market growth in this region will be slower than the growth of the market in MEA.

Rapid industrialization will facilitate the torque converter market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Industry Application Segments in the Torque Converter Market?

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The torque converter market share growth by the automotive segment will be significant during the forecast period. As per the increasing demand for vehicle production and advanced industrial machinery, the automotive sectors will contribute to the growth of the market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the torque converter market size and actionable market insights on post COVID-19 impact on each segment.

 

Torque Converter Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.87%

Market growth 2022-2026

$ 4.01 billion

Market structure

Fragmented

YoY growth (%)

6.19

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 36%

Key consumer countries

China, US, Germany, Japan, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aisin Corp., BorgWarner Inc., Continental AG, EXEDY Corp., Isuzu Motors Ltd., Precision Industries, Renault s.a.s, Schaeffler AG, Valeo SA, and ZEPPELIN GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Torque Converter Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive torque converter market growth during the next five years
  • Precise estimation of the torque converter market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the torque converter industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of torque converter market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Industry application

    • Market segments
    • Comparison by Industry application
    • Automotive - Market size and forecast 2021-2026
    • Industrial - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Industry application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Aisin Corp.
      • BorgWarner Inc.
      • Continental AG
      • EXEDY Corp.
      • Isuzu Motors Ltd.
      • Precision Industries
      • Renault s.a.s
      • Schaeffler AG
      • Valeo SA
      • ZEPPELIN GmbH

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The torque converter market growth will increase by $4010.00 million during 2021-2026.
      The torque converter market is expected to grow at a CAGR of 6.87% during 2021-2026.
      Technavio has segmented the torque converter market by other1 (Automotive, Industrial, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
      Aisin Corp., BorgWarner Inc., Continental AG, EXEDY Corp., Isuzu Motors Ltd., Precision Industries, Renault s.a.s, Schaeffler AG, Valeo SA, ZEPPELIN GmbH are a few of the key vendors in the torque converter market.
      APAC will register the highest growth rate of 35.54% among the other regions. Therefore, the torque converter market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the torque converter market growth are:
      • Growing demand for automatic transmission systems
      The torque converter market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
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