The market for automotive torque converter is expected to grow at a CAGR of around 5.3% from 2020 to 2027 and expected to reach the market value of around US$ 11.2 Bn by 2027.
An automotive torque converter is a kind of hydraulic transmission that upsurges the torque of the vehicle by reducing its speed. It delivers a continuous deviation of ratio from high to low.
Market Dynamics
The increasing adoption of torque converters in commercial vehicles, improvement in technology, and higher penetration of automatic transmission systems in the market are driving the market growth. The ease of driving, especially in heavy traffic is creating a demand for an automatic transmission. The increasing sales of commercial vehicles due to escalating activities in the mining, construction, tourism, and logistics sectors are further bolstering the market growth. The major automotive companies are focusing on technologies to improve automatic transmission in commercial vehicles is additionally propelling the market value.
On the other side, uncertainty in raw material prices is projected to hinder the growth to an extent over the forecast period from 2020 to 2027.
Segment Instance
Commercial vehicles segment is projected to exhibit fastest growth throughout the forecast period
Based on vehicle type, the commercial vehicles segment is likely to experience the fastest growth with a major CAGR (%) in the market. The increasing usage of the automotive torque converter in commercial vehicles due to the increased ability to operate the vehicle with the heavy load is bolstering the market value. The increasing automation of the commercial sector along with the advanced technology solutions is supporting the segmental market value. The developing economies of the Asia Pacific region are further bolstering the segmental market value.
North America accounted for the maximum revenue share in the global market
In 2019, North America registered maximum revenue share in the automotive torque converter market and the region is projected to experience stable growth throughout the forecast period from 2020 to 2027. The presence of a high-income population along with the easy availability of advanced technology in the region is bolstering the regional market value. The increased adoption of automatic transmission in heavy-duty and medium-duty commercial vehicles, high fuel efficiency, comfort, ease of driving, and low driving skill required for fleet owners to opt for automatic transmission in heavy and medium-duty commercial vehicles are some of the factors driving the regional market value.
Asia Pacific is projected to exhibit fastest growth throughout the forecast period from 2020 to 2027
Asia Pacific is projected to exhibit the fastest growth with a major CAGR (%) throughout the forecast timeframe from 2020 to 2027. The expanding automotive sector of the developing economies of the region is accelerating market growth. The advantages associated with the automotive torque converter are supporting the growth in the regional market. The increasing production and demand of automotive vehicle in emerging economies like China and India are bolstering the regional market value.
Key Market Players
The players profiled in the report include Aisin (Japan), BorgWarner (US), Continental AG (Germany), Delphi Technologies (UK), Exedy Corporation (Japan), Isuzu Motors Ltd. (Japan), Jatco (Japan), Precision Torque Converter, Schaeffler-LUK, Sonnax, Subaru (Japan), Transtar, Valeo (France), Voith (Germany), and ZF (Germany). The major market players were involved in mergers and acquisitions, partnerships & collaborations, and new Source development for the expansion of market share (%).
Market Segmentation
Market By Transmission Type
Automated Manual Transmission (AMT)
Dual-Clutch Transmission (DCT)
Continuously Variable Transmission (CVT)
Others
Market By Component
Clutch Plate
Damper
Impeller
Turbine
Stator
Market By Vehicle Type
Passenger Vehicles
Commercial Vehicles
Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Automotive Torque Converter
1.1. Definition and Scope
1.1.1. Definition of Automotive Torque Converter
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Automotive Torque Converter Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Automotive Torque Converter Market By Transmission Type
1.2.3. Automotive Torque Converter Market By Component
1.2.4. Automotive Torque Converter Market By Vehicle Type
1.2.5. Automotive Torque Converter Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Automotive Torque Converter Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Automotive Torque Converter Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Automotive Torque Converter Major Manufacturers in 2019
CHAPTER 5. Automotive Torque Converter Market By Transmission Type
5.1. Introduction
5.2. Automotive Torque Converter Revenue By Transmission Type
5.2.1. Automotive Torque Converter Revenue (US$ Mn) and Forecast, By Transmission Type, 2016-2027
5.2.2. Automated Manual Transmission (AMT)
5.2.2.1. Automated Manual Transmission (AMT) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Dual-Clutch Transmission (DCT)
5.2.3.1. Dual-Clutch Transmission (DCT) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Continuously Variable Transmission (CVT)
5.2.4.1. Continuously Variable Transmission (CVT) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Others
5.2.5.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Automotive Torque Converter Market Revenue By Component
6.1. Introduction
6.2. Automotive Torque Converter Revenue (US$ Mn) By Component
6.2.1. Automotive Torque Converter Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
6.2.2. Clutch Plate
6.2.2.1. Clutch Plate Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Damper
6.2.3.1. Damper Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Impeller
6.2.4.1. Impeller Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Turbine
6.2.5.1. Turbine Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.6. Stator
6.2.6.1. Stator Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Automotive Torque Converter Market By Vehicle Type
7.1. Introduction
7.2. Automotive Torque Converter Revenue (US$ Mn) By Vehicle Type
7.2.1. Automotive Torque Converter Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
7.2.2. Passenger Vehicles
7.2.2.1. Passenger Vehicles Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Commercial Vehicles
7.2.3.1. Commercial Vehicles Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Automotive Torque Converter Market By Country
8.1. North America Automotive Torque Converter Overview
8.2. U.S.
8.2.1. U.S. Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016-2027
8.2.2. U.S. Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.2.3. U.S. Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
8.3. Canada
8.3.1. Canada Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016-2027
8.3.2. Canada Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.3.3. Canada Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Automotive Torque Converter Market By Country
9.1. Europe Bioanlytical Testing Services Market Overview
9.2. U.K.
9.2.1. U.K. Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016-2027
9.2.2. U.K. Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.2.3. U.K. Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.3. Germany
9.3.1. Germany Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016-2027
9.3.2. Germany Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.3.3. Germany Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.4. France
9.4.1. France Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016-2027
9.4.2. France Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.4.3. France Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.5. Spain
9.5.1. Spain Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016-2027
9.5.2. Spain Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.5.3. Spain Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016-2027
9.6.2. Rest of Europe Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.6.3. Rest of Europe Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Automotive Torque Converter Market By Country
10.1. Asia Pacific Automotive Torque Converter Market Overview
10.2. China
10.2.1. China Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
10.2.2. China Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.2.3. China Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.3. Japan
10.3.1. Japan Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
10.3.2. Japan Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.3.3. Japan Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.4. India
10.4.1. India Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
10.4.2. India Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.4.3. India Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.5. Australia
10.5.1. Australia Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
10.5.2. Australia Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.5.3. Australia Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
10.6.2. South Korea Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.6.3. South Korea Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
10.7.2. Rest of Asia-Pacific Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.7.3. Rest of Asia-Pacific Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Automotive Torque Converter Market By Country
11.1. Latin America Automotive Torque Converter Market Overview
11.2. Brazil
11.2.1. Brazil Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
11.2.2. Brazil Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
11.2.3. Brazil Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
11.3.2. Mexico Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
11.3.3. Mexico Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
11.4.2. Rest of Latin America Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
CHAPTER 12. Middle East & Africa Automotive Torque Converter Market By Country
12.1. Middle East & Africa Automotive Torque Converter Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
12.2.2. Saudi Arabia Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
12.2.3. Saudi Arabia Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
12.3. UAE
12.3.1. UAE Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
12.3.2. UAE Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
12.3.3. UAE Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Transmission Type, 2016 - 2027
12.4.2. Rest of Middle East & Africa Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
12.4.3. Rest of Middle East & Africa Automotive Torque Converter Market Revenue (US$ Mn) and Forecast By Vehicle Type, 2016 - 2027
CHAPTER 13. Player Analysis Of Automotive Torque Converter
13.1. Automotive Torque Converter Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Automotive Torque Converter Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Aisin (Japan)
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Aisin (Japan) 2019 Automotive Torque Converter Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. BorgWarner (US)
14.3. Continental AG (Germany)
14.4. Delphi Technologies (UK)
14.5. Exedy Corporation (Japan)
14.6. Isuzu Motors Ltd. (Japan)
14.7. Jatco (Japan)
14.8. Precision Torque Converter
14.9. Schaeffler-LUK
14.10. Sonnax
14.11. Subaru (Japan)
14.12. Transtar
14.13. Valeo (France)
14.14. Voith (Germany)
14.15. ZF (Germany)
14.16. Others
