The Asia Pacific Torque Vectoring Market would witness market growth of 15.8% CAGR during the forecast period (2022-2028).
The requirement for torque vectoring systems is driven by consumers' growing concern for vehicle safety. With the advent of better and more advanced safety systems for luxury cars as well as other commercial vehicles, the torque vector market is anticipated to grow. A current car can be significantly faster around a track than a far more potent supercar from the 1980s because of torque vectoring, which has fundamentally transformed how modern vehicles handle. But more crucially, it significantly increases the safety of modern vehicles on slick roads.
Due to escalating environmental regulations and government incentives, the demand for electric vehicles has been quickly increasing. According to the International Energy Agency, Japan the are leading countries for electronic vehicles. The demand for torque vectoring systems, one of the key elements of electric vehicles, is projected to increase as the market for electric vehicles expands.
The Chinese electric vehicle industry has been growing consistently. By the first half of 2022, BEVs and PHEVs together accounted for 19% and 5%, respectively, of the total number of new EV passenger vehicle registrations. This represents an 8% point increase over the market share from the previous year. As a result, two years before the goal year of 2025, China has already reached the 20% EV share target outlined in the 14th Five-Year Plan Energy Saving and Emission Reduction Work Plan. The new energy vehicle (NEV) requirement, which mandates manufacturers to develop NEVs to meet credit criteria and permits them to spend additional NEV credits to satisfy their organizational average fuel consumption standards, continues to be the key engine for the growth of the automotive industry in China. Therefore, the market in this region has huge growth prospects during the forecasted period.
The China market dominated the Asia Pacific Torque Vectoring Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,742.4 million by 2028. The Japan market is exhibiting a CAGR of 15.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 16.5% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Torque Vectoring Market is Projected to reach USD 20.2 Billion by 2028, at a CAGR of 15%
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
Market Segments Covered in the Report:
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
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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
TABLE 1 Asia Pacific Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 5 Asia Pacific All Wheel Drive/Four Wheel Drive (AWD/4WD) Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific All Wheel Drive/Four Wheel Drive (AWD/4WD) Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Rear Wheel Drive (RWD) Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Rear Wheel Drive (RWD) Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Front Wheel Drive (FWD) Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Front Wheel Drive (FWD) Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Passenger Car Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Passenger Car Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Hydraulic Clutch Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Hydraulic Clutch Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Electronic Clutch Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Electronic Clutch Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Passive Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Passive Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Active Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Active Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Torque Vectoring Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Torque Vectoring Market by Country, 2022 - 2028, USD Million
TABLE 33 China Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 34 China Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 35 China Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 36 China Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 37 China Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 38 China Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 39 China Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 40 China Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 41 China Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 42 China Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 43 Japan Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 44 Japan Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 45 Japan Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 46 Japan Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 47 Japan Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 Japan Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 Japan Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 50 Japan Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 51 Japan Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 52 Japan Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 53 India Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 54 India Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 55 India Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 56 India Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 57 India Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 58 India Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 59 India Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 60 India Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 61 India Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 62 India Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 63 South Korea Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 64 South Korea Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 65 South Korea Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 66 South Korea Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 67 South Korea Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 68 South Korea Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 69 South Korea Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 70 South Korea Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 71 South Korea Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 72 South Korea Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 73 Singapore Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 74 Singapore Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 75 Singapore Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 76 Singapore Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 77 Singapore Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 78 Singapore Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 79 Singapore Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 80 Singapore Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 81 Singapore Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 82 Singapore Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 83 Malaysia Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 84 Malaysia Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 85 Malaysia Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 86 Malaysia Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 87 Malaysia Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 88 Malaysia Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 89 Malaysia Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 90 Malaysia Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 91 Malaysia Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 92 Malaysia Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 95 Rest of Asia Pacific Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 96 Rest of Asia Pacific Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 103 Key Information – Continental AG
TABLE 104 key information – Robert Bosch GmbH
TABLE 105 Key Information – BorgWarner, Inc.
TABLE 106 Key Information – Dana Incorporated
TABLE 107 Key Information – ZF Friedrichshafen AG
TABLE 108 Key Information – American Axle & Manufacturing, Inc.
TABLE 109 key information – Eaton Corporation PLC
TABLE 110 Key information – JTEKT Corporation
TABLE 111 Key Information – Univance Corporation
TABLE 112 Key Information – GKN Automotive Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Continental AG
FIG 3 Swot analysis: Robert Bosch GmbH
FIG 4 Recent strategies and developments: BorgWarner, Inc.