Torque Vectoring Market by Propulsion, Clutch Actuation, Technology, Vehicle

List of Tables

The Torque Vectoring Market was valued at USD 6.58 billion in 2023, expected to reach USD 7.21 billion in 2024, and is projected to grow at a CAGR of 11.30%, to USD 13.94 billion by 2030.

Torque vectoring is a sophisticated technology used in automotive systems to enhance vehicle performance, stability, and handling by distributing torque to individual wheels. Its primary function is to improve traction, cornering, and overall drivability, making it indispensable in modern high-performance and all-wheel-drive vehicles. The necessity for torque vectoring emerges from the increasing consumer demand for safer, more dynamic driving experiences and the automotive industry's shift towards electric vehicles, which naturally align with torque vectoring systems due to the independent electric motor control. This technology finds applications in a wide array of vehicles including sports cars, SUVs, and electric vehicles.

KEY MARKET STATISTICS
Base Year [2023]	USD 6.58 billion
Estimated Year [2024]	USD 7.21 billion
Forecast Year [2030]	USD 13.94 billion
CAGR (%)	11.30%

The market for torque vectoring systems is on the rise, driven by factors such as the growth of the automotive industry, technological advancements in vehicle dynamics, and increasing consumer preference for enhanced vehicle performance and safety. Emerging opportunities lie in the burgeoning electric and hybrid vehicle markets, where the integration of advanced torque vectoring systems can significantly improve vehicle efficiency and consumer appeal. Strategic partnerships between automakers and technology firms represent another potential avenue for growth, facilitating the development of more sophisticated, cost-effective systems.

However, several challenges hinder market expansion, including high costs associated with the development and integration of these advanced systems and the complexities involved in optimizing vehicle dynamics across diverse platforms. Regulatory hurdles and the need for standardization also pose potential barriers.

Despite these challenges, innovation in digital control systems and simulation technologies offers promising research and development avenues. Companies can focus on developing more efficient, lightweight components to reduce costs and enhance system compatibility with various vehicle architectures. The market is characterized by rapid technological evolution, necessitating constant innovation and adaptation to remain competitive. By focusing on sustainable, scalable solutions and addressing existing limitations, businesses can position themselves advantageously in this evolving market.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Torque Vectoring Market

The Torque Vectoring Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing need for safety and convenience in multiple topographical systems
- Demand for luxury and performance vehicles
- Rising use of commercial and passenger vehicles across industries
Market Restraints
- High cost involved in implementing torque vectoring into vehicles
Market Opportunities
- Rising number of electric vehicles globally
- Surge in R&D activities for the development of innovative torque vectoring
Market Challenges
- Concern associated with outright speed and durability of torque vectoring

Porter's Five Forces: A Strategic Tool for Navigating the Torque Vectoring Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Torque Vectoring Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Torque Vectoring Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Torque Vectoring Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Torque Vectoring Market

A detailed market share analysis in the Torque Vectoring Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Torque Vectoring Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Torque Vectoring Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Torque Vectoring Market

A strategic analysis of the Torque Vectoring Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Torque Vectoring Market, highlighting leading vendors and their innovative profiles. These include ATS Automation Tooling Systems Inc., AVL List GmbH, Borg Automotive, BorgWarner Inc., Cognex Corporation, Continental AG, Dana Incorporated, Eaton Corporation PLC, Elaphe Propulsion Technologies Ltd., Exro Technologies Inc., GKN Automotive Limited, Magna International Inc., Mando Corporation, Protean Electric, Robert Bosch GmbH, Schaeffler Group, and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Torque Vectoring Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Propulsion, market is studied across All Wheel Drive/Four Wheel Drive, Front Wheel Drive, and Rear Wheel Drive.
Based on Clutch Actuation, market is studied across Electronic and Hydraulic.
Based on Technology, market is studied across Active Torque Vectoring System and Passive Torque Vectoring System.
Based on Vehicle, market is studied across Light Commercial Vehicle and Passenger Car.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-B16853779860

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing need for safety and convenience in multiple topographical systems
  - 5.1.1.2. Demand for luxury and performance vehicles
  - 5.1.1.3. Rising use of commercial and passenger vehicles across industries
- 5.1.2. Restraints
  - 5.1.2.1. High cost involved in implementing torque vectoring into vehicles
- 5.1.3. Opportunities
  - 5.1.3.1. Rising number of electric vehicles globally
  - 5.1.3.2. Surge in R&D activities for the development of innovative torque vectoring
- 5.1.4. Challenges
  - 5.1.4.1. Concern associated with outright speed and durability of torque vectoring
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Torque Vectoring Market, by Propulsion

6.1. Introduction
6.2. All Wheel Drive/Four Wheel Drive
6.3. Front Wheel Drive
6.4. Rear Wheel Drive

7. Torque Vectoring Market, by Clutch Actuation

7.1. Introduction
7.2. Electronic
7.3. Hydraulic

8. Torque Vectoring Market, by Technology

8.1. Introduction
8.2. Active Torque Vectoring System
8.3. Passive Torque Vectoring System

9. Torque Vectoring Market, by Vehicle

9.1. Introduction
9.2. Light Commercial Vehicle
9.3. Passenger Car

10. Americas Torque Vectoring Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Torque Vectoring Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Torque Vectoring Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ATS Automation Tooling Systems Inc.
2. AVL List GmbH
3. Borg Automotive
4. BorgWarner Inc.
5. Cognex Corporation
6. Continental AG
7. Dana Incorporated
8. Eaton Corporation PLC
9. Elaphe Propulsion Technologies Ltd.
10. Exro Technologies Inc.
11. GKN Automotive Limited
12. Magna International Inc.
13. Mando Corporation
14. Protean Electric
15. Robert Bosch GmbH
16. Schaeffler Group
17. ZF Friedrichshafen AG