Torque vectoring is a technique, primarily employed in differentials of automobiles. A differential helps in the transfer of engine torque toward the wheels. Torque vectoring provides the differential with the capability to fluctuate the torque to each wheel. This technique of power transfer has become popular mostly in all-wheel drive vehicles. Certain new front-wheel drive vehicles have a rudimentary torque vectoring differential as well. With improved technological advancements in the automotive industry, other vehicles are also being equipped with torque vectoring differentials, thereby allowing the wheels to grip the road for better handling and launch.
The rising need for safety and convenience in multiple topography systems is one of the key drivers for the growth of the automotive torque vectoring system market. A 4WD or four-wheel drive system offers extreme traction to all the wheels of a vehicle which prevents loss of control, especially in slippery roads. Moreover, an AWD or all-wheel-drive system engages all the four wheels in a vehicle and diminishes the need for mode switching between 4WD and 2WD. The torque vectoring system also improves the ease of driving for drivers during bad road conditions by collecting information using sensors that helps to monitor the wheel steering angle, yaw rate, and wheel speed. This in turn assists in recognizing the road conditions in order to alter the torque figures to the wheel of the vehicle much before it loses traction. Additionally, the system enhances off-road performance by mechanically changing the torque to the wheels of the vehicle to sustain traction and provides a torque vectoring system that offers greater safety and convenience than a 4WD system. Furthermore, the system distributes the torque uniformly amongst the wheels, thereby diminishing the engine load when the vehicle travels uphill.
One of the newest trends that will gain momentum in the global automotive torque vectoring system market is the advent of compact, highly-flexible, and lighter torque vectoring systems. Aiming on refining the torque vectoring systems, manufacturers around the world are focused on developing lightweight and compact systems. This will increase the overall market for automotive torque vectoring systems.
The global automotive torque vectoring system market can be segmented by technology, function, and geography. In terms of technology, the market can be segregated into active torque vectoring system (ATVS) and passive torque vectoring system (PTVS). Presently, the former accounts for maximum share in the global automotive torque vectoring system market primarily due to its low-cost. However, active torque vectoring system is expected to grow significantly in the coming years. One of the driving factors for the high growth of this segment is its capability to produce the yaw moment at any time irrespective of the engine torque. By function, the global automotive torque vectoring system market can be divided into front/rear wheel drive vectoring and all-wheel drive vectoring. The all-wheel drive vectoring segment held the maximum share of the market owing to their wide usage and improved functionalities over front/rear wheel drive vectoring.
In terms of geography, the global automotive torque vectoring system market can be classified into five regions - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the maximum share in the global automotive torque vectoring system market and is forecasted to continue the domination during the coming years. The growing preference for pickup trucks and SUVs, the availability of better leasing options, growing credit availability, and drop in gasoline prices are likely to drive the growth of the SUV cars market in the region, thereby fuelling demand for automotive torque vectoring systems.
Key players operating in the automotive torque vectoring system market include JTEKT Corporation, Borg Warner Inc., Ricardo Plc., ZF Friedrichshafen, Mitsubishi Motors Corporation, Prodrive, and The Timken Company.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.