Torque Vectoring Market Size is Projected to Generate a Revenue of $ 31,791.1 Mn by 2031

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The Global Torque Vectoring Market Share is anticipated to be valued at $ 31,791.1 million by 2031, surging from $ 8,139.8 million in 2021, at a noteworthy CAGR of 15.2%.

Impact Analysis of COVID-19 on the Torque Vectoring Market

The COVID-19 outbreak tremendously hampered the economic and social aspects worldwide. To limit the transmission of the virus, various strict measures, including strict lockdowns, social distancing, and transportation restrictions, were taken by governments. The pandemic led to unprecedented damage to the global economy and mobility. The automotive sector was among the most affected sectors by the pandemic. The sharp plunge in vehicle sales hampered the market prospects on Torque Vectoring. The pandemic hampered the operations of many original equipment manufacturers (OEMs), disrupted supply chains, and stopped production activities entirely. Panic among customers severely affected usual consumption habits and increased market uncertainty. Owing to these reasons, the global torque vectoring market also witnessed stiff challenges during the pandemic.

Global Torque Vectoring Market Analysis

Torque vectoring is the technology of power distribution to improve the handling and traction of a vehicle. Torque vectoring improves a vehicle's grip when driving in difficult road conditions. In torque vectoring, torque can be controlled independently of ground resistance. It delivers predictive vehicle response across various ground conditions on all four wheels. The surge in demand for SUVs and luxury vehicles across the globe is expected to augment the growth of the torque vectoring market. The torque vectoring system is widely employed in SUVs and luxury cars. Torque vectoring improves traction control significantly, thus, augmenting the vehicle's safety and in-car experience. Torque vectoring is advantageous in slippery road conditions and improves cornering stability.

However, torque vectoring is costly and more complicated than the braked system. This factor is expected to hamper the torque vectoring market during the forecast period.

Increase in electric mobility worldwide is likely to offer lucrative opportunities to torque-vectoring market players. The development of EVs with enhanced performance is the major goal for manufacturers worldwide. The torque vectoring method is commonly employed in Advanced Driver-Assistance Systems (ADAS). The safety and cornering capabilities of EVs are significantly improved by using the torque vectoring system. The growth EV market is increasing substantially worldwide. Automakers are offering wider model availability with improved performance.

Global Torque Vectoring Market, Segmentation

The torque vectoring market is segmented on the basis of vehicle type, propulsion, technology, clutch actuation type, and region.

Vehicle Type:

The vehicle type segment is further classified into passenger car, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment accounted for the dominant market share in 2021. Torque vectoring is increasingly adopted in passenger cars to boost the driver's comfort and safety. This system improves a vehicle's capability to maintain traction on difficult roads or while cornering at high speeds. When one wheel starts to slip, the differential reduces the torque to that wheel, while enhancing power to the opposite wheel, allowing the car to maintain stability. Torque vectoring is most widely employed in all-wheel-drive (AWD) systems and numerous high-end cars.

Propulsion:

The propulsion segment is further categorized into front wheel drive (FWD), rear wheel drive (RWD), and all-wheel drive/four wheel drive (AWD/4WD). The all-wheel drive/four wheel drive (AWD/4WD) segment is anticipated to have the fastest growth during the forecast period. Torque vectoring is widely employed in all-wheel-drive (AWD) and four-wheel drive (4WD) systems. Torque Vectoring AWD technology is commonly employed in gasoline engine vehicles and EVs. This system enables the driver to steer the car precisely as expected. It has high off-road performance even on slippery roads. The torque vectoring AWD system enhances the braking to deliver good stability and handling irrespective of road conditions.

Technology:

The technology segment is further bifurcated into active torque vectoring system (ATVS) and passive torque vectoring system (PTVS). The Passive Torque Vectoring System (PTVS) segment dominated the market in 2021. The Passive Torque Vectoring Technology (PTVS) is a system that uses a vehicle's braking system to generate rotational force on the wheels. This force is utilized to vector or redirect torque to a wheel with better grip, resulting in improved traction and stability. This type of technology is typically found in high-end vehicles.

Clutch Actuation Type:

The Clutch Actuation Type segment is further divided into hydraulic clutch and electronic clutch. The electronic clutch segment held the largest market share in 2021. An electronic clutch is more affordable than a conventional automatic transmission, therefore, it has been widely adopted in compact cars, where cost competition is high. Electronic clutch controls the clutch only, and not the transmission. An electronic clutch bridges the gap between an automatic as well as manual transmission and helps to save fuel. It decouples the engine from the transmission when the driver is not accelerating. This, in turn, aids fuel saving.

Region:

The torque vectoring market in North America held the largest market share in 2021 owing to increase in technological developments in the automotive sector in this region. Moreover, the rise in sales of EVs in the U.S. and Canada are further augmenting the market growth. Environmental initiatives and modified fuel economy standards are boosting the growth of EVs in the region. In the U.S., there is the presence of prominent automotive OEMs, and is backed by the well-established infrastructure and EV policies of the U.S. government.

Key Players in the Global Torque Vectoring Market

Some of the leading Torque Vectoring market players are

• GKN
• American Axle
• Dana
• BorgWarner
• Eaton
• ZF
• JTEKT
• Getrag
• Bosch
• Univance
• Schaffler
• Timken
• Richardo
• Oerlikon Graziano