Torque Converter Market - Global Industry Analysis and Forecast 2029

Global Torque Converter Market: by Automatic Transmission Type, by Technique, by Stages, by Application - Forecast to 2029

5.5%

CAGR (2023-2029)

N/A

Market Size

319

Report Pages

165

Market Tables

Overview

Torque Converter Market size is projected to reach US$ 11.91 Bn. by end of 2029, at a CAGR of 5.5%

Torque Converter Market

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The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Torque Converter is the device mostly used in automatic transmission vehicle. The automatic transmission system is one of the advance transmission systems. Torque Converter helps in reduction of mechanical efforts and different speeds being achieved automatically. This type of system is also called as the hydramatic transmission system. The demand for automatic transmission vehicles in a market has resulted in growth in a torque converter.

Torque converters are used in various types of transmission such as automatic transmission (AT), CVT, and dual -clutch transmission (DCT). A torque converter is also used in hybrid electric vehicles (HEVS) which provide the benefit of having an internal combustion engine (ICE) as well as an electric motor in the vehicle. Torque converter couples the transmission lines between the electric motor and IC engine. Global Torque Converter Market is also showing the rise in the new concept of a high-efficiency electromagnetic torque converter for HEVs. Canada, Japan, and Germany are leading in the automatic transmission vehicle industry.

Europe is expected to be one of the fastest growing regions for torque converters globally. The overall Global Torque Converter Market for torque converters in Europe is still small when compared to North America and Asia –Pacific. The consumer in Europe prefers dual-clutch transmission over the automatic transmission. Torque converters solve the problem of unsteadiness at low speed in DCT vehicles forming a key driving factor for overall Global Torque Converter Market growth. The demand for torque converters in DCT vehicles is at the emerging stage thereby providing new growth opportunities in the future.

The objective of the report is to present comprehensive Global Torque Converter Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Global Torque Converter Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Global Torque Converter Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Torque Converter Market North America for Asia Pacific make the report investor’s guide.

Torque Converter Market, Key Highlights:

• Detailed analysis of the parent market.
• Market segmentation in various types.
• Historical, current and forecasted market size in terms of volume and value.
• Changing market dynamics in the automotive and manufacturing industry.
• Key factors driving the global automotive torque converter market.
• Challenges to Global Torque Converter Market growth.
• To assess the demand-supply scenario of Automotive Torque Converter which covers production, demand, and supply of Automotive Global Torque Converter Market globally.

Torque Converter Market Key Players:

• EXEDY Corporation
• Schaeffler Technologies AG & Co. KG.
• Yutaka Giken Company Limited
• Dana Holding Corporation
• Diemolding Corporation
• Exedy America Corporation
• General Motors Corporation
• Gibbs Die Casting Corporation
• Kay Manufacturing Company
• LuK USA, LLC
• Magna International, Inc.
• PMG Corporation
• Raybestos Powertrain, LLC
• Skyway Precision, Inc.
• Sumitomo Bakelite North America, Inc.
• The Timken Corporation
• TransForm Automotive, LLC
• ZF North America, Inc.
• Valeo
• ZF Friedrichshafen AG
• Dynamic Manufacturing
• Aisin
• Precision Industries

Torque Converter Market, Key Target Audience:

• Torque converter manufacturers
• Aftermarket torque converter service providers
• Original Equipment Manufacturers (OEM)
• Torque converter components manufacturers
• Service providers for in-vehicle infotainment
• System Integrators.

Torque Converter Market Scope: Inquire before buying

Torque Converter Market, by Automatic Transmission Type

• AMT (Automated manual Transmission)
• DCT (Dual-Clutch Transmission)
• CVT (continuously variable transmission)

Torque Converter Market, by Technique

• Electromagnetic Torque converter
• Hydraulic torque converters
• Twin Disc Torque Converters
• Allison Torque Converters
• Manitowoc Torque Converters
• Clark Torque Converters

Torque Converter Market, by Stages

• Two-stage
• Three stage

Torque Converter Market, by Application

• Passenger Car
• Commercial Vehicles
• Heavy-duty vehicles
• Construction equipment

Torque Converter Market, by Region

• North-America
• Europe
• Latin America
• Middle East

Frequently Asked Questions:

1. What is the growth rate of Global Torque Converter Market?
Ans: The Global Torque Converter Market is growing at a CAGR of 5.5% during forecasting period 2022-2029.

2. What is scope of the Global Torque Converter market report?
Ans: Global Torque Converter Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

3. Who are the key players in Global Torque Converter market?
Ans: The important key players in the Global Torque Converter Market are – EXEDY Corporation, Schaeffler Technologies AG & Co. KG., Yutaka Giken Company Limited, Dana Holding Corporation, Diemolding Corporation, Exedy America Corporation, General Motors Corporation, Gibbs Die Casting Corporation, Kay Manufacturing Company, LuK USA, LLC, Magna International, Inc., PMG Corporation, Raybestos Powertrain, LLC, Skyway Precision, Inc., Sumitomo Bakelite North America, Inc., The Timken Corporation, TransForm Automotive, LLC, ZF North America, Inc., Valeo, ZF Friedrichshafen AG, Dynamic Manufacturing, Aisin, and Precision Industries

4. What is the study period of this market?
Ans: The Global Torque Converter Market is studied from 2021 to 2029.

1. INTRODUCTION 1.1. Market description & Scope (2021-2029) 1.2. Objectives 1.2.1. Key Takeaways 1.2.2. Abbreviations & Acronyms 2. RESEARCH METHODOLOGY 2.1. Methods used for market forecasting 2.2. Data Sources 2.2.1. Paid Databases 2.2.2. Primary Sources 2.2.3. Secondary Sources 3. EXECUTIVE SUMMARY 3.1. Major Findings 3.1.1. Key Segment Trends 3.1.1.1. Automatic Transmission Type 3.1.1.2. Technique 3.1.1.3. Application 3.1.1.4. Stages 3.1.2. Key Regional Trends 3.1.2.1. North America 3.1.2.2. Europe 3.1.2.3. Asia Pacific 3.1.2.4. Latin America 3.1.2.5. Middle East 3.2. Key Companies and their Strategies 4. MARKET OVERVIEW 4.1. Torque Converter Concept & Definition 4.2. Segments Overview 4.2.1. By Automatic Transmission Type 4.2.1.1. AMT (Automated manual Transmission) 4.2.1.2. DCT (Dual-Clutch Transmission) 4.2.1.3. CVT (continuously variable transmission) 4.2.2. By Technique 4.2.2.1. Electromagnetic Torque converter 4.2.2.2. Hydraulic torque converters 4.2.2.3. Twin Disc Torque Converters 4.2.2.4. Allison Torque Converters 4.2.2.5. Manitowoc Torque Converters 4.2.2.6. Clark Torque Converters 4.2.3. By Application 4.2.3.1. Passenger Car 4.2.3.2. Commercial Vehicles 4.2.3.3. Heavy duty vehicles 4.2.3.4. Construction equipment 4.2.4. By Stages 4.2.4.1. Two stage 4.2.4.2. Three stage 4.3. Market Dynamics 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunities 4.4. Porter’s Analysis 4.5. PESTLE Analysis 4.6. Fragmentation 4.6.1. Key strategic Alliances of companies (inorganic & organic) 4.6.2. Company Market Share (Top 10 Players) 4.6.3. Comparative Analysis of Key players in Torque Converter 4.7. Key Trends 5. GLOBAL TORQUE CONVERTER AUTOMATIC TRANSMISSION TYPE ESTIMATES & TREND ANALYSIS (2021-2029) 5.1. Global Torque Converter Market: Automatic Transmission Type Analysis 5.1.1. AMT 5.1.1.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 5.1.2. DCT 5.1.2.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 5.1.3. CVT 5.1.3.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 5.2. Global Torque Converter Market: Automatic Transmission Type Trends 6. GLOBAL TORQUE CONVERTER TECHNIQUE ESTIMATES & TREND ANALYSIS (2021-2029) 6.1. Global Torque Converter Market: Technique Analysis 6.1.1. Electromagnetic Torque converter 6.1.1.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 6.1.2. Hydraulic torque converters 6.1.2.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 6.1.3. Twin Disc Torque Converters 6.1.3.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 6.1.4. Allison Torque Converters 6.1.4.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 6.1.5. Manitowoc Torque Converters 6.1.5.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 6.1.6. Clark Torque Converters 6.1.6.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 6.2. Global Torque Converter Market: Technique Trends 7. GLOBAL TORQUE CONVERTER APPLICATION ESTIMATES & TREND ANALYSIS (2021-2029) 7.1. Global Torque Converter Market: Application Analysis 7.1.1. Passenger Car 7.1.1.1. Market Share and growth forecasts,2021-2029 (USD Billion) 7.1.2. Commercial Vehicles 7.1.2.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 7.1.3. Heavy duty vehicles 7.1.3.1. Market Share and growth forecasts,2021-2029 (USD Billion) 7.1.4. Construction equipment 7.1.4.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 7.2. Global Torque Converter Market: Application Trends 8. GLOBAL TORQUE CONVERTER STAGES ESTIMATES & TREND ANALYSIS (2021-2029) 8.1. Global Torque Converter Market: Stages Analysis 8.1.1. Two Stage 8.1.1.1. Market Share and growth forecasts,2021-2029 (USD Billion) 8.1.2. Three Stage 8.1.2.1. Market Share and growth forecasts, 2021-2029 (USD Billion) 8.2. Global Torque Converter Market: Stages Trends 9. REGIONAL ESTIMATES & TREND ANALYSIS (2021-2029) 9.1. Global Torque Converter market share by Region, 2016 & 2025 9.2. North America 9.2.1. North America Torque Converter market, Market Share and growth forecasts, 2021-2029 (USD Billion) 9.2.2. Torque Converter Drivers For North America Market 9.2.3. Market Share Analysis and Growth Forecast, by Country 9.2.3.1. US 9.2.3.2. Canada 9.2.4. Country-wise GDP Growth Forecast 9.2.5. Torque Converter Trends In North America Market 9.3. Europe 9.3.1. Europe Torque Converter market, Market Share and growth forecasts, 2021-2029 (USD Billion) 9.3.2. Torque Converter Drivers For Europe Market 9.3.3. Market Share Analysis and Growth Forecast, by Country 9.3.3.1. UK 9.3.3.2. Germany 9.3.3.3. France 9.3.3.4. Russia 9.3.3.5. Spain 9.3.3.6. Italy 9.3.3.7. Others 9.3.4. Country-wise GDP Growth Forecast 9.3.5. Torque Converter Trends In Europe Market 9.4. Asia Pacific 9.4.1. Asia Pacific Torque Converter market, Market Share and growth forecasts, 2021-2029 (USD Billion) 9.4.2. Torque Converter Drivers For Asia Pacific Market 9.4.3. Market Share Analysis and Growth Forecast, by Country 9.4.3.1. China 9.4.3.2. Japan 9.4.3.3. India 9.4.3.4. South Korea 9.4.3.5. Australia 9.4.3.6. Others 9.4.4. Country-wise GDP Growth Forecast 9.4.5. Torque Converter Trends In Asia Pacific Market 9.5. Middle-east 9.5.1. Middle-east Torque Converter market, Market Share and growth forecasts, 2021-2029 (USD Billion) 9.5.2. Torque Converter Drivers For Middle-east Market 9.5.3. Market Share Analysis and Growth Forecast, by Country 9.5.3.1. GCC Countries 9.5.3.2. Saudi Arabia 9.5.4. Country-wise GDP Growth Forecast 9.5.5. Torque Converter Trends In Middle-east Market 9.6. Latin America 9.6.1. Latin America Torque Converter market, Market Share and growth forecasts, 2021-2029 (USD Billion) 9.6.2. Torque Converter Drivers For Latin America Market 9.6.3. Market Share Analysis and Growth Forecast, by Country 9.6.3.1. GCC Countries 9.6.3.2. Saudi Arabia 9.6.3.3. Brazil 9.6.3.4. Mexico 9.6.3.5. Others 9.6.4. Country-wise GDP Growth Forecast 9.6.5. Torque Converter Trends In Latin America Market 10. MARKET SHARE ANALYSIS 10.1. Key Players Regional Market share Analysis 10.1.1. North America 10.1.2. Europe 10.1.3. Asia Pacific 10.1.4. Middle-east 10.1.5. Latin America 11. MARKET COMPETITION ANALYSIS 11.1. Strategy Framework 11.2. Consolidation 11.2.1. Patent Analysis 11.2.2. Mergers & Acquisitions 11.2.2.1. Automatic Transmission Type Based 11.2.2.2. Services Based 11.2.2.3. Region Based 11.2.2.4. List of Mergers & Acquisitions 11.2.3. Company Benchmarking (Revenue & Profit Based) 11.2.4. Strategic Assessment of Company Consolidations 11.2.5. Emerging Business Models 11.3. Company Profiles 11.3.1. EXEDY Corporation 11.3.1.1. Company overview 11.3.1.2. Key financials 11.3.1.3. Geographical presence 11.3.1.4. Automatic Transmission Type and Business Segments 11.3.1.5. Strategic initiatives 11.3.1.6. SWOT analysis 11.3.1.7. Competitive positioning and landscape 11.3.2. Schaeffler Technologies AG & Co. KG. 11.3.2.1. Company overview 11.3.2.2. Key financials 11.3.2.3. Geographical presence 11.3.2.4. Automatic Transmission Type and Business Segments 11.3.2.5. Strategic initiatives 11.3.2.6. SWOT analysis 11.3.2.7. Competitive positioning and landscape 11.3.3. Yutaka Giken Company Limited 11.3.3.1. Company overview 11.3.3.2. Key financials 11.3.3.3. Geographical presence 11.3.3.4. Automatic Transmission Type and Business Segments 11.3.3.5. Strategic initiatives 11.3.3.6. SWOT analysis 11.3.3.7. Competitive positioning and landscape 11.3.4. Dana Holding Corporation 11.3.4.1. Company overview 11.3.4.2. Key financials 11.3.4.3. Geographical presence 11.3.4.4. Automatic Transmission Type and Business Segments 11.3.4.5. Strategic initiatives 11.3.4.6. SWOT analysis 11.3.4.7. Competitive positioning and landscape 11.3.5. Diemolding Corporation 11.3.5.1. Company overview 11.3.5.2. Key financials 11.3.5.3. Geographical presence 11.3.5.4. Automatic Transmission Type and Business Segments 11.3.5.5. Strategic initiatives 11.3.5.6. SWOT analysis 11.3.5.7. Competitive positioning and landscape 11.3.6. Exedy America Corporation 11.3.6.1. Company overview 11.3.6.2. Key financials 11.3.6.3. Geographical presence 11.3.6.4. Automatic Transmission Type and Business Segments 11.3.6.5. Strategic initiatives 11.3.6.6. SWOT analysis 11.3.6.7. Competitive positioning and landscape 11.3.7. General Motors Corporation 11.3.7.1. Company overview 11.3.7.2. Key financials 11.3.7.3. Geographical presence 11.3.7.4. Automatic Transmission Type and Business Segments 11.3.7.5. Strategic initiatives 11.3.7.6. SWOT analysis 11.3.7.7. Competitive positioning and landscape 11.3.8. Gibbs Die Casting Corporation 11.3.8.1. Company overview 11.3.8.2. Key financials 11.3.8.3. Geographical presence 11.3.8.4. Automatic Transmission Type and Business Segments 11.3.8.5. Strategic initiatives 11.3.8.6. SWOT analysis 11.3.8.7. Competitive positioning and landscape 11.3.9. Kay Manufacturing Company 11.3.9.1. Company overview 11.3.9.2. Key financials 11.3.9.3. Geographical presence 11.3.9.4. Automatic Transmission Type and Business Segments 11.3.9.5. Strategic initiatives 11.3.9.6. SWOT analysis 11.3.9.7. Competitive positioning and landscape 11.3.10. LuK USA, LLC 11.3.10.1. Company overview 11.3.10.2. Key financials 11.3.10.3. Geographical presence 11.3.10.4. Automatic Transmission Type and Business Segments 11.3.10.5. Strategic initiatives 11.3.10.6. SWOT analysis 11.3.10.7. Competitive positioning and landscape 11.3.11. Magna International, Inc. 11.3.11.1. Company overview 11.3.11.2. Key financials 11.3.11.3. Geographical presence 11.3.11.4. Automatic Transmission Type and Business Segments 11.3.11.5. Strategic initiatives 11.3.11.6. SWOT analysis 11.3.11.7. Competitive positioning and landscape 11.3.12. PMG Corporation 11.3.12.1. Company overview 11.3.12.2. Key financials 11.3.12.3. Geographical presence 11.3.12.4. Automatic Transmission Type and Business Segments 11.3.12.5. Strategic initiatives 11.3.12.6. SWOT analysis 11.3.12.7. Competitive positioning and landscape 11.3.13. Raybestos Powertrain, LLC 11.3.13.1. Company overview 11.3.13.2. Key financials 11.3.13.3. Geographical presence 11.3.13.4. Automatic Transmission Type and Business Segments 11.3.13.5. Strategic initiatives 11.3.13.6. SWOT analysis 11.3.13.7. Competitive positioning and landscape 11.3.14. Skyway Precision, Inc. 11.3.14.1. Company overview 11.3.14.2. Key financials 11.3.14.3. Geographical presence 11.3.14.4. Automatic Transmission Type and Business Segments 11.3.14.5. Strategic initiatives 11.3.14.6. SWOT analysis 11.3.14.7. Competitive positioning and landscape 11.3.15. Sumitomo Bakelite North America, Inc. 11.3.15.1. Company overview 11.3.15.2. Key financials 11.3.15.3. Geographical presence 11.3.15.4. Automatic Transmission Type and Business Segments 11.3.15.5. Strategic initiatives 11.3.15.6. SWOT analysis 11.3.15.7. Competitive positioning and landscape 11.3.16. The Timken Corporation 11.3.16.1. Company overview 11.3.16.2. Key financials 11.3.16.3. Geographical presence 11.3.16.4. Automatic Transmission Type and Business Segments 11.3.16.5. Strategic initiatives 11.3.16.6. SWOT analysis 11.3.16.7. Competitive positioning and landscape 11.3.17. TransForm Automotive, LLC 11.3.17.1. Company overview 11.3.17.2. Key financials 11.3.17.3. Geographical presence 11.3.17.4. Automatic Transmission Type and Business Segments 11.3.17.5. Strategic initiatives 11.3.17.6. SWOT analysis 11.3.17.7. Competitive positioning and landscape 11.3.18. ZF North America, Inc. 11.3.18.1. Company overview 11.3.18.2. Key financials 11.3.18.3. Geographical presence 11.3.18.4. Automatic Transmission Type and Business Segments 11.3.18.5. Strategic initiatives 11.3.18.6. SWOT analysis 11.3.18.7. Competitive positioning and landscape 11.3.19. Valeo 11.3.19.1. Company overview 11.3.19.2. Key financials 11.3.19.3. Geographical presence 11.3.19.4. Automatic Transmission Type and Business Segments 11.3.19.5. Strategic initiatives 11.3.19.6. SWOT analysis 11.3.19.7. Competitive positioning and landscape 11.3.20. ZF Friedrichshafen AG 11.3.20.1. Company overview 11.3.20.2. Key financials 11.3.20.3. Geographical presence 11.3.20.4. Automatic Transmission Type and Business Segments 11.3.20.5. Strategic initiatives 11.3.20.6. SWOT analysis 11.3.20.7. Competitive positioning and landscape 11.3.21. Dynamic Manufacturing 11.3.21.1. Company overview 11.3.21.2. Key financials 11.3.21.3. Geographical presence 11.3.21.4. Automatic Transmission Type and Business Segments 11.3.21.5. Strategic initiatives 11.3.21.6. SWOT analysis 11.3.21.7. Competitive positioning and landscape 11.3.22. Aisin 11.3.22.1. Company overview 11.3.22.2. Key financials 11.3.22.3. Geographical presence 11.3.22.4. Automatic Transmission Type and Business Segments 11.3.22.5. Strategic initiatives 11.3.22.6. SWOT analysis 11.3.22.7. Competitive positioning and landscape 11.3.23. Precision Industries 11.3.23.1. Company overview 11.3.23.2. Key financials 11.3.23.3. Geographical presence 11.3.23.4. Automatic Transmission Type and Business Segments 11.3.23.5. Strategic initiatives 11.3.23.6. SWOT analysis 11.3.23.7. Competitive positioning and landscape

Global Torque Converter Market

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