Global Automotive Torque Converter Market - Growth, Trends and Forecasts2017 - 2022

  • ID: 4385386
  • Report
  • Region: Global
  • 132 pages
  • Mordor Intelligence
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The global market for torque convertor had a value of $5.2 billion by the end of 2015, and the market is expected to grow at a CAGR of 5.45% till the forecast period. The torque converter in an automatic transmission serves the purpose like that of a clutch in a manual transmission. The demand of torque convertor is directly related with the increased usage of automatic transmissions in modern vehicles. The key characteristic of a torque converter is the ability to multiply torque when there is a substantial difference between the input and output of the engine’s rotation. A torque converter is a type of fluid coupling, which allows the engine to spin to some extent, independent of the transmission. The growth of the automatic transmission market would be driven by the increased demand of driver-assisted convenient systems, along with the increased use of electronics in the vehicle, which would further augment the demand for torque convertor. The increased concern on vehicle safety especially in the heavily congested traffic in Asia-Pacific roads, would also help to significantly manoeuvre the demand for automatic transmission in the global market.

There are four components inside the housing of the torque converter- pump, turbine, stator, transmission fluid. The significant factor to the torque converter’s ability to multiply torque, lies in the capacity of the stator. For any other fluid coupling mechanism, periods of high liquid slippage cause the fluid flow returning from the turbine to the impeller to oppose the direction of impeller rotation, leading to a significant loss of efficiency and generates a considerable degree of waste heat. Under the same condition in a torque converter, the returning fluid would be redirected by the stator so that it helps in the rotation of the impeller, instead of obstructing it. The considerable degree of torque multiplication produced by a converter is dependent on the size and shape of the turbine and stator blades, and gets generated only when the converter is at or near the stall phase of operation. The loss of efficiency of a torque convertor can be primarily attributed to the loss of kinetic energy caused due to the curvature of the turbine blades (which is critical for torque multiplication). There is always a trade-off which needs to be adjusted between torque multiplication and coupling efficiency while designing the turbine blade.

Advents in the torque convertor would increase the appeal of this mechanism to a significant extent, as modern cars have a torque converter with a lockup clutch. When the two halves of the torque converter get up to speed, this clutch locks them together, reducing any form of fluid slippage to the minimum and improving efficiency.

North America had the highest share in the market in 2015, and would continue to be so by the end of 2020.The major drawback in the market can be attributed to the high labour cost associated with the replacement market. The prospects for growth of the torque converter market in Americas would be significantly affected by the increased adoption of automatic transmissions in heavy-duty and medium trucks. High fuel efficiency, ease and comfort of driving, low- driving skill requirements would compel the fleet owners to opt for an automatic transmission in heavy and medium-duty trucks as well as for end consumers in passenger vehicle segment. In addition, increased adoption of automatic transmission in passenger vehicles, would drive the growth of the torque converter significantly for passenger vehicles during the forecast period.

The market is segmented on the basis of automatic transmission types (AMT, DCT, CVT), by vehicle type (Passenger car, HCV, LCV), by end consumer type (OEMs, Aftermarket) and by geography (North America, Europe, Asia Pacific, Latin America, Africa & Middle-East). Among the transmission types, Automated Manual Transmission, would have the bulk of the market share with 36% by the end of the forecast period. Valeo, BorgWarner, Subaru, ZF, Schaeffer Isuzu are the leading vendors in the torque convertor market.

WHAT THE REPORT OFFERS

Market Definition along with identification of key drivers and restraints for the market.
Market analysis with region specific assessments and competition analysis on the market
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the industry in the region as well as in the country.
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1. INTRODUCTION
1.1 Research Methodology
1.2 Key Findings of the Study
2. KEY FINDINGS
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW AND TECHNOLOGY TRENDS
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the industry
5. MARKET DYNAMICS
5.1 Drivers
5.2 Restraints
5.3 Opportunities
5.4 Latest Technological Developments
6. GLOBAL AUTOMOTIVE TORQUE CONVERTER MARKET, BY TRANSMISSION TYPE (Growth, Innovations and Feasibility )
6.1 AMT
6.2 DCT
6.3 CVT
6.4 Others
7. GLOBAL AUTOMOTIVE TORQUE CONVERTER MARKET, BY END CONSUMERS (Growth, Trends, Forecasts)
7.1 OEMs
7.2 Aftermarket
8. GLOBAL AUTOMOTIVE TORQUE CONVERTER MARKET, BY VEHICLE TYPE (Growth, Trends and Durability)
8.1 Passenger Vehicles
8.2 HCVs
8.3 LCVs
9. GLOBAL AUTOMOTIVE TORQUE CONVERTER MARKET ,BY GEOGRAPHY
9.1 North America (NA)
9.1.1 Introduction
9.1.2 United States
9.1.3 Canada
9.2 Europe (EU)
9.2.1 Introduction
9.2.2 U.K.
9.2.3 France
9.2.4 Germany
9.2.5 Russia
9.2.6 Italy
9.2.7 Rest of Europe
9.3 Asia-Pacific (APAC)
9.3.1 Introduction
9.3.2 China
9.3.3 Japan
9.3.4 India
9.3.5 Australia
9.3.6 South Korea
9.3.7 Rest of Asia-Pacific
9.4 Middle-East and Africa (MEA)
9.4.1 Introduction
9.4.2 South Africa
9.4.3 Saudi Arabia
9.4.4 UAE
9.4.5 Rest of the MEA
9.5 Latin America
9.5.1 Introduction
9.5.2 Brazil
9.5.3 Argentina
9.5.4 Mexico
9.5.5 Rest of Latin America
10. COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Share Analysis
10.3 Developments of Key players
11. KEY VENDOR ANALYSIS
11.1 Aisin
11.2 Borgwarner
11.3 Continental
11.4 Delphi
11.5 Exedy
11.6 Isuzu
11.7 Jatco
11.8 Precision Torque Converters
11.9 Schaeffler-LUK
11.10 Sonnax
11.11 Subaru
11.12 Transtar
11.13 Valeo
11.14 Voith
11.15 ZF
12. FUTURE AND INVESTMENT OUTLOOK
13. DISCLAIMER
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