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Torque Vectoring Market

Torque vectoring market is gaining precedence with the ever-growing demand for luxury cars where safety is of utmost concern. Torque vectoring provides stability to cars and empowers drivers with better control of the car. The technology does it by sourcing and distributing power to the wheels which is essential for smooth driving. The global torque vectoring market can expect a 12% CAGR during the forecast period (2018-2023) with which it can easily double-up its present market valuation of USD 4.59 Bn and reach USD 9.20 Bn by 2023,

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Torque Vectoring Market

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  1. Torque Vectoring Market www.marketresearchfuture.com

  2. Market Highlights: The global torque vectoring market is anticipated to surpass a valuation of USD 9.20 billion, attaining an impactful CAGR of 12% during the forecast period (2018-2023), Market Research Future (MRFR) reveals in a detailed analysis. Torque vectoring plays an important role in harnessing and sourcing wheel power. By enhancing stability, handling, performance, and grip, torque vectoring provides more controlling access to a car’s driver. Drivers can control the torque of a certain axle or wheel depending on their requirements. It also includes speed controlling, which helps to shift the car weight to the desired wheel, thus allowing a better grip. Browse Complete Report Details: https://www.marketresearchfuture.com/reports/torque-vectoring-market-6654

  3. Segmentation: The global torque vectoring market is segmented on the basis of propulsion, vehicle type, electric vehicle (EV) type, clutch actuation type, and technology. By vehicle type, the torque vectoring market is segmented into light commercial vehicle and passenger car. Of these, the passenger car segment occupies the maximum share. By propulsion, the torque vectoring market is segmented into rear wheel drive, front wheel drive, and all/four-wheel drive. Of these, the front wheel drive segment is predicted to dominate the market in the foreseeable future. By clutch actuation type, the market is segmented into hydraulic and electronic. While hydraulic has the maximum market value, the electronic segment is showing better potential growth-wise. By EV, the market comprises hybrid electric vehicle (HEV) and battery electric vehicle (BEV). Of these, BEV is spearheading the segment. On the other hand, HEV can exhibit the fastest growth rate in the long run.

  4. Regional Analysis: Geographically, the torque vectoring market spans across Europe, America, Asia Pacific, and the Middle East & Africa. Considering the global scenario, America is likely to dominate the global market as the region has a superior infrastructure, and its zonal technological brilliance is unparalleled. Europe is considered the fastest evolving region in the global market. The region is house to multiple automobile market behemoths, due to which the torque vectoring market is gaining prominence. Investments made for R&D is quite substantial, which further triggers the demand from the market. The Asia Pacific has a quite lot of business potential, which has further lured in market giants. The sudden growth in disposable income of the people and the booming automobile sector are likely to produce an unprecedented number of cars, which can assist in the torque vectoring market gain momentum.

  5. Market Insight: The thriving torque vectoring market can expect more expansion as companies are locking heads by implementing strategies. These tactical steps often assist companies in staying afloat and strengthens the status of the market as a whole. Merger, acquisition, collaboration, new product launch, and other methods are a part of these tactical moves. For instance, Dana, in 2018, decided to take over Oerlikon’s drive system business. Oerlikon Drive System has a reputation for providing high-precision gears and planetary hub drives for wheeled and tracked vehicles which will improve Dana’s business potentials. Continental AG, on the other hand, is teaming up with Knorr-Bremse for research purposes regarding highly automated commercial vehicles driving. The latter is known as a supplier of redundant actuator systems for brakes and steering and is responsible for the overall system integration. Press Release: https://www.marketresearchfuture.com/press-release/torque-vectoring-market

  6. Key players The players dominating the global torque vectoring market include American Axle (US), GKN (UK), BorgWarner (US), Dana (US), ZF (Germany), Eaton (Ireland), Getrag (Canada), JTEKT (Japan), Univance (Germany), Bosch (Germany), Timken (US), Schaeffler (Germany), Oerlikon Graziano (Italy), Ricardo (UK), Continental AG (Germany), and others.

  7. Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com

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