PUBLISHER: Grand View Research | PRODUCT CODE: 1554147
PUBLISHER: Grand View Research | PRODUCT CODE: 1554147
The global torque vectoring market size was estimated at USD 10.89 billion in 2023 and is projected to grow at a CAGR of 10.0% from 2024 to 2030. The market is experiencing significant growth due to the increasing emphasis on vehicle performance, safety, and handling. As consumers seek more dynamic and engaging driving experiences, torque vectoring technology has emerged as a critical component. For instance, high-performance sports cars and luxury vehicles are increasingly incorporating torque vectoring systems to enhance cornering abilities and improve traction control.
Beyond the performance-oriented segment, the demand for torque vectoring is expanding across various vehicle segments. Electric vehicles (EVs) are particularly well-suited for torque vectoring, as electric motors can independently control torque distribution to each wheel. This enables precise handling and stability, especially in challenging road conditions. Additionally, the growing focus on vehicle safety has driven the adoption of torque vectoring systems, as they can help prevent accidents by optimizing traction and stability.
Global Torque Vectoring Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global torque vectoring market report based on vehicle type, propulsion, EV type, clutch actuation type, technology, and region: