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Torque Converter Market by Transmission Type, Component, Vehicle, Hybrid Vehicle, Aftermarket And Region - Global Forecast to 2025

Torque Converter Market: Global Forecast until 2025

  • November 2017
  • 142 pages
  • ID: 5219036
In this report:
The divergence in sales and revenue is another concern for Germany with BASF and Volkswagen both facing a deficit of approximately ##% in sales growth and revenue growth.
The sales of PHEVs in China are growing ##% annually; whereas, sales in the US are growing ##% annually.
In 2016, China was the world's largest passenger car market and accounted for ##% of the world passenger car sales, according to OICA.

Summary

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"Expanded demand for automatics to drive the torque converter sector"

The torque converter market, by value, is expected to rise at a compound annual growth rate (CAGR) of ~5.8 percent from 2017 to 2025, to attain ~$9.9B by 2025. The main key factors driving the market increase contain the growing demand for automatics in mid-segment and premium segment vehicles. The quick increase of the hybrid vehicles market is also anticipated to boost the industry demand for torque converters as these vehicles have a higher penetration of Automatic Transmission and torque converters are mandatory in vehicles with AT.

On the other hand, the main factors hindering the market increase of torque converters are the high cost of repairs and low availability of spare parts.

"Passenger cars to witness the quickest rise during the estimate period"

The industry for passenger cars is expected to grow at the highest compound annual growth rate (CAGR), in terms of value significance, during the outlook period. The growing demand for premium segment automatics is predicted to push the demand for torque converters in passenger vehicles. China (CN) accounts for 30.0 percent of the overall vehicle production according to OICA. Therefore, the growing demand for passenger cars in Asia Oceania is forecasted to drive the sector for torque converters.

"CVT is anticipated to be the quickest increasing market segment in the torque converter market"

Torque converters offer a better launch in Continuously Variable Transmission vehicles which solves a main problem of CVT vehicles. With the growing demand for premium segment CVT vehicles in Asia Oceania, the market demand for torque converters used in CVT vehicles is anticipated to outpace the industry demand for torque converters used in AT and Dual-Clutch Transmission vehicles. As a result, the CVT torque converters market is forecasted to be the quickest increasing sector, by transmission.

"North America (NA) to lead the aftermarket increase"

North America continent is expected to see the quickest rise of the torque converter aftermarket, in terms of value importance. This increase is primarily influenced by the huge vehicle parc of AT vehicles in the US. In the USA, AT vehicles were adopted in the 1960s; this has led to them having the biggest share of the North American market by transmission type. As torque converters are necessary for these vehicles, the aftermarket in this area is forecast to grow faster compared to other regions.

The report includes industry insights specified by different market experts. The break-up of the primaries is like:

• By Company category: Tier 1-35.0 percent, Tier 2-45.0 percent, and OEM-20%

• By Description: C level-35%, D level-25%, and Others-40%

• By Area: North America-45%, Europe-20%, Asia Oceania-30%, and RoW-5%

The top players in the torque converter market are profiled in the market research. These are Schaeffler, ZF, Aisin, Valeo, KAPEC, Transtar, EXEDY, Yutaka Giken, BorgWarner, and Sonnax Sectors.

Segment Research

The torque converter market is broken down by component (clutch plate, damper, impeller, stator, turbine, and others), transmission type (AT, CVT, and DCT), vehicle type (passenger car and commercial vehicle), hybrid vehicle (HEV and PHEV), area (Asia Oceania, EU, North America (NA), and RoW) and aftermarket by area (Asia Oceania, Europe (EU), North America continent, and RoW).

Why Purchasing This Study Can Help You:

The analysis offers business insights concerning the following parts:

• Market Development: The market research affords highlighted information about profitable emerging sectors. The industry report examines the industries for torque converters across localities.

• industry diversification: The study contributes exhaustive information about untapped sectors, market investments, recent products, and recent evolutions in the overall torque converter market.

• Product Development/Innovative products: The analysis offers in-depth understanding into Research&development activities, up-on-coming technologies, and recent product launches in the overall torque converter market.

• Supplier Study: The market research offers a brief review of Who Supplies Whom info for main torque converter component manufacturers and their clients.

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