The Latin America, Middle East and Africa Torque Vectoring Market would witness market growth of 18.5% CAGR during the forecast period (2022-2028).
Torque vectoring devices that deliver constant yaw moments can significantly improve the handling response of EVs. Torque vectoring systems modify the vehicle's dynamic and steady-state characteristics. The idea can help achieve improved performance, for instance, by decreasing the understeer gradient, lengthening the linear dependence of the vehicle reaction, and raising the maximum lateral acceleration.
The size of the torque vectoring market is also being driven by the increase in the usage of passenger and commercial cars across industries, particularly in logistics and transportation. The strict regulations and government partnerships to reduce carbon emissions worldwide are the main reasons propelling the demand for torque vectoring.
Various initiatives and programs are being developed by governments to promote sustainability and produce clean, green energy. At the industrial level, several incentives and subsidies are provided to encourage the transition to electric or hybrid cars. Also, regulatory organizations impose a variety of punishments to encourage the development of EV infrastructure as well as other crucial assistance for the promotion of green and clean energy.
Residents' income is not subject to income tax in Dubai. As a result, the demand for luxury goods, including cars, is thriving in the UAE. The luxury car industry is expanding strongly in the nation, whether it is due to rising consumer per capita income, excellent road conditions, or a favorable tax structure. People increasingly invest in luxury cars because of amenities like automatic safety features, integrated entertainment systems, and superior interior and exterior finishes. Hence, the rising preference for luxury vehicles and the increasing consumer disposable incomes are the primary factors boosting the development of the torque vectoring market in this region.
The Brazil market dominated the LAMEA Torque Vectoring Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $335.5 million by 2028. The Argentina market is estimated to grow a CAGR of 19.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 18.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Torque Vectoring Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 4 LAMEA Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 5 LAMEA All Wheel Drive/Four Wheel Drive (AWD/4WD) Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA All Wheel Drive/Four Wheel Drive (AWD/4WD) Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Rear Wheel Drive (RWD) Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Rear Wheel Drive (RWD) Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Front Wheel Drive (FWD) Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Front Wheel Drive (FWD) Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 12 LAMEA Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 13 LAMEA Passenger Car Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Passenger Car Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Light Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Light Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Heavy Commercial Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Heavy Commercial Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Hydraulic Clutch Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Hydraulic Clutch Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Electronic Clutch Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Electronic Clutch Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 26 LAMEA Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 27 LAMEA Passive Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Passive Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Active Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Active Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Torque Vectoring Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Torque Vectoring Market by Country, 2022 - 2028, USD Million
TABLE 33 Brazil Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 34 Brazil Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 35 Brazil Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 36 Brazil Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 37 Brazil Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 38 Brazil Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 39 Brazil Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 40 Brazil Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 41 Brazil Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 42 Brazil Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 43 Argentina Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 44 Argentina Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 45 Argentina Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 46 Argentina Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 47 Argentina Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 48 Argentina Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 49 Argentina Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 50 Argentina Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 51 Argentina Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 52 Argentina Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 53 UAE Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 54 UAE Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 55 UAE Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 56 UAE Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 57 UAE Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 58 UAE Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 59 UAE Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 60 UAE Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 61 UAE Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 62 UAE Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 63 Saudi Arabia Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 64 Saudi Arabia Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 73 South Africa Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 74 South Africa Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 75 South Africa Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 76 South Africa Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 77 South Africa Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 78 South Africa Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 79 South Africa Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 80 South Africa Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 81 South Africa Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 82 South Africa Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 83 Nigeria Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 84 Nigeria Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 85 Nigeria Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 86 Nigeria Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 87 Nigeria Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 88 Nigeria Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 89 Nigeria Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 90 Nigeria Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 91 Nigeria Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 92 Nigeria Torque Vectoring Market by Technology, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Torque Vectoring Market, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Torque Vectoring Market, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Torque Vectoring Market by Propulsion, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Torque Vectoring Market by Propulsion, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Torque Vectoring Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Torque Vectoring Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 99 Rest of LAMEA Torque Vectoring Market by Clutch Actuation Type, 2018 - 2021, USD Million
TABLE 100 Rest of LAMEA Torque Vectoring Market by Clutch Actuation Type, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Torque Vectoring Market by Technology, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA 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.