Torque Converter Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The torque converter market is to reach USD 10.85 billion by 2028 and is to witness market growth at a rate of 4% during the forecast period from 2022 to 2028. The demand for hybrid electric vehicles is increasing, which will drive the torque converter market during the forecast period. In addition, in the automotive sector, there is an increasing demand for vehicles with automatic transmission systems with torque converters for fuel economy and ease of driving. It is also expected that in the coming years, small vehicles will adopt torque converters that will strengthen the torque converter market.

Company Profile

• ACC Performance
• Aisin Europe S.A.
• Dynamic Manufacturing
• EXEDY Corporation
• Precision Industries
• Schaeffler AG
• Transtar Industries Inc.

Market Segmentation

By Automatic Transmission Type

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

By Vehicle Type

• Passenger car
• HCV (Heavy Commercial vehicles)
• LCV (Low Commercial vehicles)

By End Users     

• Original equipment manufacturer (OEM)
• Aftermarket

Scope of the Report

The research study analyzes the Global Torque Converter Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Global Torque Converter Market Report

1. What was the Global Torque Converter Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Global Torque Converter Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Torque Converter Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Global Torque Converter Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Global Torque Converter
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Global Torque Converter
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Global Torque Converter Market.