How Has the Torque Vectoring Market Evolved Historically and What is its Current Size?
The torque vectoring market has seen considerable growth due to a variety of factors.
• The market size for torque vectoring has seen a swift expansion in the past few years. The market, which is valued at $10.76 billion in 2024, is predicted to increase to $12.63 billion in 2025 with a compound annual growth rate (CAGR) of 17.3%.
The surge during the historical timeframe can be linked to factors such as enhanced traction and stability, safety improvements, market competition, customer's desire for better driving dynamics, and issues related to the environment and fuel efficiency.
What Is The Projected Growth Of The Torque Vectoring Template Market?
The torque vectoring market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for swift expansion in the torque vectoring market over the impending years, with projections reaching as much as $22.34 billion by 2029, registering a compound annual growth rate (CAGR) of 15.3%.
The anticipated growth within the projected period is linked to the development of autonomous vehicles, solutions for urban mobility, the need for regulatory compliance & safety standards, inclusion of cybersecurity, and the emergence of rear-wheel torque vectoring. The forecast period also brings cutting-edge trends like precision control through advanced sensor technologies, AI-powered torque vectoring algorithms, amalgamation with vehicle stability control, customizable settings for drivers, and partnerships with tire manufacturers.
What Are The Key Drivers Fueling Growth In The Torque Vectoring Market?
The anticipated surge in autonomous vehicles is predicted to fuel the expansion of the torque vectoring market. Autonomous vehicles are defined as vehicles capable of operating without any human supervision. They utilize various sensors like radar, lidar, and cameras to map their surroundings. The application of torque vectoring in these vehicles aids in enhancing their energy efficiency by reducing power waste resulting from wheel slide and other inefficiencies. As per a December 2022 report by the Insurance Institute for Highway Safety, a non-profit organization based in the US, it is projected that 3.5 million autonomous vehicles will ply on American roads by 2025 and 4.5 million by 2030. This rising trend in autonomous vehicles is thus propelling the torque vectoring market.
Torque Vectoring Market Driver: How Fuel Consumption Efficiency Supports Torque Vectoring Market Growth
What Are The Principal Market Segments In The Global Torque Vectoring Industry?
The torque vectoring market covered in this report is segmented –
1) By Clutch Actuation Type: Hydraulic Clutch, Electronic Clutch
2) By Vehicle Type: Light Commercial Vehicles, Heavy Commercial Vehicles, Passenger Car
3) By Propulsion: Front Wheel Drive (FWD), Rear Wheel Drive (RWD), All Wheel Drive (AWD) Or Four Wheel Drive (4WD)
4) By Technology: Active Torque Vectoring System (ATVS), Passive Torque Vectoring System (PTVS)
Subsegments:
1) By Hydraulic Clutch: Conventional Hydraulic Clutch Systems, Advanced Hydraulic Actuation Systems
2) By Electronic Clutch: Electrohydraulic Clutch Systems, Fully Electric Clutch Systems
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What Emerging Trends Are Influencing The Growth Of The Torque Vectoring Market?
Top companies in the torque vectoring market are concentrating on the development of technologies like advanced E-Powertrain systems in an effort to boost vehicle performance, enhance energy efficiency, and ensure greater handling and stability in different driving situations. The term advanced E-Powertrain systems is used to describe combined electric powertrains that incorporate electric motors, batteries, and control systems to refine energy efficiency and performance. For example, GKN Automotive, a UK-based manufacturer in the automotive industry specializing in driveline components, in June 2022 introduced a next-generation inverter. This innovative piece of electric vehicle (EV) technology was developed to boost performance and sustainability. This newly launched inverter, a critical part of GKN's modular eDrive platform, is compatible with both 800V and the existing 400V systems, making it a versatile option for a range of OEM applications. This inverter presents a 20% rise in power output compared to its antecedent, thus enhancing the overall efficiency of electric drivetrains.
Who Are the Key Players In The Torque Vectoring Market?
Major companies operating in the torque vectoring market report are:
• Robert Bosch GmbH
• Tesla Inc.
• Audi AG
• ZF Friedrichshafen AG
• Continental AG
• Magna International Inc.
• Eaton Corporation
• Mitsubishi Motors Corporation
• Schaeffler AG
• BorgWarner Inc.
• JTEKT Corporation
• Denso Corporation
• Dana Incorporated
• Linamar Corporation
• GKN Automotive Limited
• American Axle & Manufacturing Inc.
• Haldex Ltd.
• Ricardo PLC
• Univance Corporation
• Prodrive Holdings Ltd.
• Getrag B.V. & Co. KG
• Koenigsegg Automotive AB
• Modelon AB
• Drako Motors Inc.
• Hofer Powertrain GmbH
What Are The Regional Insights Into The Torque Vectoring Market?
North America was the largest region in the torque vectoring market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the torque vectoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
