The Europe Torque Vectoring Market would witness market growth of 14.2% CAGR during the forecast period (2022-2028).
The development and expansion of the automotive industry during the past ten years have been significantly influenced by industrialization and urbanization. The automotive industry is greatly influenced by the expanding population and the movement of people to metropolitan regions in search of better job opportunities and living standards.
Since everyone is heading towards advanced safety automobiles with modern torque vectoring systems offering greater safety and efficiency, the use of torque vectoring systems is increasing in urbanized regions, which helps the market expand. Thus, to compete in the market, major players are being compelled by rapid urbanization, population growth, the rise of mobility as a service (MaaS) systems, and changes in consumer behavior to produce automobiles with advanced torque vectoring systems.
Several powertrain topologies for the driving axles and quantity of motors can be set in electric vehicles (EVs). The ability to apply a torque differential on each side of the axle is made possible by the possibility of mounting two independently managed motors on an axle. Electric motors, which lack a mechanical linkage between the axles (or wheels), have an advantage over a conventional torque vectoring differential in terms of increased flexibility in the direction of torque transfer and quicker response times. This can be used to create safer and more stable vehicles.
This region’s automotive sector is large and has been expanding rapidly. In the EU in 2021, 5,078,894 European automobiles worth roughly $134 billion were shipped to other countries. In addition, the sale and usage of passenger cars bring in $396 billion annually for the budgets of EU member states. As per the latest vehicle registration figures of the region, in the third quarter of 2022, there were around 2,214,000 more new car registrations than there were in the corresponding period in 2021. Additionally, battery-electric vehicles (BEVs) now account for 13% of all vehicles on the road, while the sales of plug-in hybrid vehicles (PHEVs) grew gradually. This supports the growth of the regional market.
The Germany market dominated the Europe Torque Vectoring Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,551.7 million by 2028. The UK market is anticipated to grow at a CAGR of 13.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 15% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Torque Vectoring Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 2 Europe Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 3 Europe Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 4 Europe Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 5 Europe All Wheel Drive/Four Wheel Drive (AWD/4WD) Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe All Wheel Drive/Four Wheel Drive (AWD/4WD) Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Rear Wheel Drive (RWD) Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Rear Wheel Drive (RWD) Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Front Wheel Drive (FWD) Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Front Wheel Drive (FWD) Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 12 Europe Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 13 Europe Passenger Car Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Passenger Car Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 20 Europe Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 21 Europe Hydraulic Clutch Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Hydraulic Clutch Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Electronic Clutch Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Electronic Clutch Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 26 Europe Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 27 Europe Passive Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Passive Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Active Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Active Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Torque Vectoring Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Torque Vectoring Market by Country, 2022 - 2028, USD Million
TABLE 33 Germany Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 34 Germany Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 35 Germany Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 36 Germany Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 37 Germany Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 38 Germany Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 39 Germany Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 40 Germany Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 41 Germany Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 42 Germany Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 43 UK Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 44 UK Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 45 UK Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 46 UK Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 47 UK Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 UK Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 UK Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 50 UK Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 51 UK Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 52 UK Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 53 France Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 54 France Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 55 France Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 56 France Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 57 France Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 58 France Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 59 France Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 60 France Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 61 France Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 62 France Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 63 Russia Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 64 Russia Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 65 Russia Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 66 Russia Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 67 Russia Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 68 Russia Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 69 Russia Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 70 Russia Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 71 Russia Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 72 Russia Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 73 Spain Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 74 Spain Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 75 Spain Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 76 Spain Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 77 Spain Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 78 Spain Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 79 Spain Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 80 Spain Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 81 Spain Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 82 Spain Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 83 Italy Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 84 Italy Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 85 Italy Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 86 Italy Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 87 Italy Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 88 Italy Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 89 Italy Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 90 Italy Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 91 Italy Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 92 Italy Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 93 Rest of Europe Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 94 Rest of Europe Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 95 Rest of Europe Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 96 Rest of Europe Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 97 Rest of Europe Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 98 Rest of Europe Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 99 Rest of Europe Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 100 Rest of Europe Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 101 Rest of Europe Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 102 Rest of Europe 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.