Automotive Torque Converter Market

“Global Automotive Torque Converter Market- Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global automotive torque converter market. The automotive torque converter is a mechanical component used for transferring power between transmission and engine. It is also utilized for changing the speed of the vehicle automatically. The converter is commonly used in turbines, transmission fluid pumps, and stators and is utilized in both light and heavy commercial vehicles and passenger cars. It also operates silently and aids in enhancing fuel efficiency and dropping lag while changing gears manually.

The global automotive torque converter market is primarily being driven by the increasing demand for automated systems in luxury and automatic vehicles. Moreover, the widespread adoption of hydraulic transmissions systems in commercial vehicles is favoring the market growth. Other factors, including the rising demand for hybrid and electric vehicles (H/EVs), along with the launch of small-sized torque converters, are driving the market toward growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the automotive torque converter market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenarios from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the automotive torque converter market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the automotive torque converter market in detail for latest trends, outlooks and opportunities.

The report analyses the competitive structure of the automotive torque converter industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the automotive torque converter industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the automotive torque converter industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the automotive torque converter industry. Furthermore, the value chain analysis of the automotive torque converter industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Key Segments and Highlights of the Global Automotive Torque Converter Market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players                

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the automotive torque converter industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.