Registering a CAGR of 1.7% over the forecast period, the global AT automotive torque converter market is anticipated to reach the market value of US$ 4190.8 million in the year 2026, from US$ 3724.3 million in the year 2020.
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 flex plate 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%.
Top Key Players in the AT Automotive Torque Converter Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global AT Automotive Torque Converter Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include EXEDY, Kapec, Aisin, ZF, Yutaka Giken, Schaeffler, Valeo, Allison Transmission, Precision of New Hampton, Aerospace Power, Hongyu and others.
Global AT Automotive Torque Converter Market research provides detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
By Type, AT Automotive Torque Converter Market has been segmented into
By Applications, AT Automotive Torque Converter Market has been segmented into
The report offers an in-depth assessment of the growth and other aspects of the AT Automotive Torque Converter Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
North America was estimated to have the largest share of sales in the market in 2019 and is expected to continue to grow during the forecast period. The main challenge for the market is the high labor costs associated with the exchange market. The growth outlook for the US torque converter market is largely driven by the increasing adoption of automatic transmissions in large and medium-sized commercial vehicles. In the Asia-Pacific region, China dominates the commercial vehicle segment. In China, 4 out of 10 commercial vehicles are sold. In 2018, China recorded sales of 4.3 million commercial vehicles, a significant growth compared to 2017. In India, major automakers are investing heavily in research and development of the passenger car segment with automatic transmission technology to increase sales.
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 AT Automotive Torque Converter Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
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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.
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.
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.
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.