Global Automotive Torque Converter Market to 2026 - by Vehicle Type, Transmission Type, Stage, Propulsion Type and Region - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Automotive Torque Converter Market, By Vehicle Type, By Transmission Type (Automatic Transmission, Automated Manual Transmission, Dual-Clutch Transmission and Others), By Stage, By Propulsion Type, By Region, Competition Forecast and Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.

The Global Automotive Torque Converter Market stood at $15,357.26 million in 2020 and is anticipated to grow at a CAGR of 6.02% during the forecast period to reach $22,736.82 million by 2026.

Companies Mentioned

• Sonnax Transmission Company, Inc.
• Schaeffler Technologies AG & Co. KG
• ZF Friedrichshafen AG
• Exedy Corporation
• Yutaka Giken Company Limited.
• Dynax Corporation
• Jatco Ltd.
• Jeon Woo Precision Co,. Ltd.
• BorgWarner Inc.
• Precision Industries
• Valeo Group
• Aisin Corporation
• Shaanxi Aerospace Power Hi-tech Co., Ltd
• Dana Limited
• Allison Transmission Inc.
• Transtar Industries Inc.
• Unipres Corporation.
• RevMax Performance Converters
• TCI Automotive LLC
• A-1 Performance Trans & Converters

Ongoing technological advancements, increasing demand for hybrid electric vehicles, and surging usage in commercial vehicles are the primary factors that are expected to drive the growth of the Global Automotive Torque Converter Market in the forecast period.

The rise in the number of vehicles on the road is increasing traffic congestion in urban areas around the globe. Automotive manufacturers are installing automatic transmissions in automobiles to make the vehicles navigate easily through dense traffic. The automotive torque converter ensures that the vehicle starts and stops, therefore enriching the consumers' driving experience. Innovations in technologies used in automobiles and the growing utilization of automotive torque converts in commercial vehicles are bolstering the market demand all over the globe.

The growing disposable income of consumers makes them able to invest in advanced technologies such as the use of concave clutch technology in automobiles, which is influencing the market demand. Furthermore, increasing vehicle fleet, development of efficient transportation and logistics industry, and the need to enhance the driving experience by manufacturers are expected to boost the Global Automotive Torque Converter Market growth in the forecast period. However, high maintenance costs and the risk of malfunctioning automotive torque converts may hinder the market growth in the forecast period.

The Global Automotive Torque Converter Market is segmented based on vehicle, transmission, stage, propulsion, region, and competitional landscape. Based on the vehicle type, the market is divided into passenger cars, LCV and M&HCV. The passenger car segment is expected to hold the largest market share in the forecast period. The rise in the purchasing power of consumers, increase in the market players, and launch of advanced features in automobiles are driving the demand for passenger cars all over the globe.

Objective of the Study:

• To analyze the historical growth and the market size of the Global Automotive Torque Converter Market from 2016 to 2020.
• To estimate and forecast the market size of the Global Automotive Torque Converter Market from 2021 to 2026 and growth rate until 2026.
• To classify and forecast the Global Automotive Torque Converter Market based on vehicle, transmission, stage, propulsion, region, and competitional landscape.
• To identify drivers and challenges for the Global Automotive Torque Converter Market.
• To examine competitive developments such as expansions, new product launches, mergers, and acquisitions, etc., in the Global Automotive Torque Converter Market.
• To conduct pricing analysis for the Global Automotive Torque Converter Market.
• To identify and analyze the profile of leading players operating in the Global Automotive Torque Converter Market.

Report Scope:

In this report, the Global Automotive Torque Converter Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Automotive Torque Converter Market, By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Medium & Heavy Commercial Vehicle

Automotive Torque Converter Market, By Transmission Type

• CVT
• AT
• AMT
• Others (DCT, IMT, etc.)

Automotive Torque Converter Market, By Stage

• Acceleration
• Coupling
• Stall

Automotive Torque Converter Market, By Propulsion Type

• Petrol/CNG
• Electric & Hybrid
• Diesel

Automotive Torque Converter Market, By Region

• Asia-Pacific
• China
• Japan
• India
• South Korea
• Thailand
• Europe
• France
• Germany
• United Kingdom
• Italy
• Spain
• North America
• United States
• Mexico
• Canada
• Middle East & Africa
• Turkey
• Iran
• South Africa
• South America
• Brazil
• Argentina
• Colombia

For more information about this report visit https://www.researchandmarkets.com/r/w8uljc