Registering a CAGR of 1.7% over the forecast period, the global Automotive Torque (AT) Converter market is anticipated to reach the market value of US$ 4190.8 million in the year 2027, from US$ 3724.3 million in the year 2021.
Automotive Torque (AT) Converter Market Overview:
An automotive torque converter is made of a turbine, stator, an impeller and a front cover. These parts work together with one another to transfer power from the engine to the transmission by swirling the fuel around. The impeller which is also known as the pump is attached to the front cover and is not physically connected to the turbine, which drives the input shaft on the transmission. The front is bolted to the flexplate and as it rotates the impeller, the cumulative velocity of the transmission fluid transmits power to the turbine and transmission input shaft.
Key leaders of the market are ZF, Yutaka Giken, EXEDY, Aisin and Kapec who combined possess a market share of 65%. North America is the leader of the market with a share of 45%.
Who are the Major Players in the Automotive Torque Converter Market?
The global Automotive Torque Converter includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include EXEDY, Kapec, Aisin, ZF, Yutaka Giken, Schaeffler, Valeo, Allison Transmission, Precision of New Hampton and others.
Recent Development:
BluE Nexus Gets Its First eAxle on Toyota's "bZ4X"
(April. 13, 2022) - BluE Nexus Corporation, AISIN CORPORATION, and DENSO Corporation announced today that they have collaborated on the development of an eAxle for Toyota's new battery electric vehicle (BEV), the bZ4X, which will be released on May 12, 2022. BluE's first eAxle achieves excellent dynamic performance and downsizing while also assisting vehicles in increasing their electric mileage.
What are the major Applications, Types and Regions for Automotive Torque (AT) Converter Market?
By Type, Automotive Torque (AT) Converter Market has been segmented into
- Single-stage Torque Converter
- Multistage Torque Converter
- Others
By Applications, Automotive Torque (AT) Converter Market has been segmented into
- 4AT Gearbox
- 6AT Gearbox
- Others
Automotive Torque (AT) Converter Market Regional Analysis:
The North America was estimated to have the largest revenue share in the market in 2019 and is expected to grow further during the forecast period. A major challenge for the market is the high labor cost associated with the replacement market. The prospects for growth of the torque converter market in America will be significantly affected by the increased adoption of automatic transmission in heavy-duty and medium-duty commercial vehicles. High fuel efficiency, comfort, ease of driving, and low driving skill requirement will compel the fleet owners to opt for automatic transmission in heavy and medium-duty commercial vehicles. These will also draw end consumers to the passenger vehicle segment. In addition, increased adoption of automatic transmission in passenger vehicles will drive the market for torque converters significantly in this segment.
In Asia-Pacific, China has been dominating the commercial vehicle segment. Four out of ten commercial vehicles are sold in China. In 2018, China recorded 4.3 million-unit sales of a commercial vehicles, witnessing a huge growth as compared to that of 2017.
What is our Automotive Torque (AT) Converter Market report scope?
The report incorporates an in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis, and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of the Automotive Torque (AT) Converter Market for the historical period of 2017-2021 and the forecast period of 2022-2027.
Reports Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 1.7% during the review period (2022 to 2027).
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By Type
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- Single-stage Torque Converter
- Multistage Torque Converter
- Other
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By Application
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- 4AT Gearbox
- 6AT Gearbox
- Others
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By Companies
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EXEDY, Kapec, Aisin, ZF, Yutaka Giken, Schaeffler, Valeo, Allison Transmission, Precision of New Hampton
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Regions Covered
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• North America
• Europe
• Asia-Pacific
• Rest of the World
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Countries Covered
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• US
• Canada
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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118
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Automotive Torque (AT) Converter Report
- Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Automotive Torque (AT) Converter Market is studied from 2017 - 2027.
Who are the key players in Automotive Torque (AT) Converter Market?
EXEDY, Kapec, Aisin, ZF, Yutaka Giken, Schaeffler, Valeo, Allison Transmission, Precision of New Hampton, Aerospace Power, Hongyu and others.
What are the significant types of Automotive Torque (AT) Converter Market?
Single-stage Torque Converter, Multistage Torque Converter, Other
What are the major end-use applications of Automotive Torque (AT) Converter Market?
4AT Gearbox, 6AT Gearbox, Others, Others
What segments are covered in the Automotive Torque (AT) Converter Market report?
The Global Automotive Torque (AT) Converter Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Automotive Torque (AT) Converter Market?
The sample report for the Automotive Torque (AT) Converter Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
