Torque Vectoring Market

Market Leaders - Torque Vectoring Market for Automotive

The torque vectoring market for automotive is primarily driven by the increased demand for luxury and performance vehicles (including SUVs, crossovers, and off-highway vehicles). The torque vectoring market for automotive is projected to grow at a CAGR of 20.01% from 2018 to 2025. From a market size of USD 5.22 billion in 2018, it is projected to reach a market size of USD 18.70 billion by 2025. The important factors driving the growth of this market include the increase in awareness about enhanced safety and vehicle dynamics.

New product development is the major strategy adopted by industry players. New product development provides companies with a competitive edge. For instance, in 2018, GKN announced the development of a coaxial electric axle system “eTwinsterX.” This product is a working example running in a demonstrator vehicle at GKN Driveline’s “Wintertest” engineering showcase. The eTwinsterX system was first revealed at the 2017 IAA Frankfurt Motor Show and features an integrated e-motor, highly efficient two-speed e-transmission, and torque vectoring capability using GKN’s unique “Twinster” clutch-pack technology.

Another major strategy adopted by the industry players was expansion. For instance, in November 2017, Schaeffler announced the expansion of its operations at INA Bearings in Talegaon, Pune. The expansion would include a new manufacturing facility and a new R&D facility within the existing premises. The new production facility would manufacture engine and transmission components for serving the domestic and export markets.

To know about the assumptions considered for the study download the pdf brochure

GKN adopted new product development, expansion, and supply contract to sustain its market position. In February 2018, GKN announced the testing of its revolutionary SUV technology research vehicle, which showcases its leadership in electrified drivetrains, All-Wheel Drive (AWD), and systems integration. Based on a Mercedes-AMG GLA 45, the one-off GKN Technology Demonstrator 2018 vehicle (GTD18) features mechanical and electric Twinster torque vectoring, a plug-in hybrid system, and completely re-engineered control systems. GTD18 has a mechanical Twinster on the front axle and eTwinsterX at the rear. In September 2017, GKN constructed a new manufacturing facility in Tokoname City, Japan. The construction of the new facility was scheduled to be completed by the middle of 2018. It would be a state-of-the-art facility filled with GKN’s best practice manufacturing technology. The facility would be able to manufacture high quality, next-generation AWD (All-Wheel Drive) systems, and Rear Drive Modules (RDMs) featuring advanced technologies such as electronic disconnect capability and torque vectoring.

Another important player in this market is BorgWarner, which adopted strategies like supply contract and new product development. In March 2018, the company entered into a supply contract with Hyundai to supply its latest Variable Cam Timing (VCT) system to the Gamma II engine. The 1.6-liter I4 gasoline Gamma II engine launched in the Kia K3 Forte/Cerato is expected to power a growing number of vehicles for markets in South Korea, China, and North America over the next few years. For Hyundai’s Lambda II engine, BorgWarner supplies its compact Cam Torque Actuated (CTA) MPL technology with integrated center bolt hydraulic control valve as well as its VFS. In March 2018, the company launched its Electro-Mechanical On-Demand (EMOD) transfer case on the 2019 Ram 1500 4x4 pickup truck. Building on BorgWarner’s proven Torque-On-Demand clutching system, the new EMOD technology delivers faster response and higher torque output for better on- and off-road performance.

Related Reports:

Torque Vectoring Market for Automotive by Vehicle type (PC and LCV), Technology (ATVS and PTVS), Propulsion (AWD/4WD, FWD, RWD), EV Type (BEV and HEV), Clutch Actuation Type (Hydraulic and Electronic), and Region - Global Forecast to 2025

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
AT 6675
RI Published ON
10/11/2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Torque Vectoring Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved