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Automotive Torque Vectoring System - Global Market Trajectory & Analytics

  • ID: 5139576
  • Report
  • April 2021
  • Region: Global
  • 273 pages
  • Global Industry Analysts, Inc
Global Automotive Torque Vectoring System Market to Reach $21.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Torque Vectoring System estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$21.4 Billion by 2027, growing at a CAGR of 19.1% over the period 2020-2027. Active Torque Vectoring System (ATVS), one of the segments analyzed in the report, is projected to record 21.7% CAGR and reach US$8.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passive Torque Vectoring System (PTVS) segment is readjusted to a revised 17.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 24.6% CAGR

The Automotive Torque Vectoring System market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$5.3 Billion by the year 2027 trailing a CAGR of 24.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.8% and 16.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.

Select Competitors (Total 42 Featured):
  • BorgWarner, Inc.
  • Bosch Mobility Solutions
  • Continental AG
  • Dana, Inc.
  • Drako Motors, Inc.
  • Eaton Corporation PLC
  • Haldex AB
  • JTEKT Corporation
  • Magna International, Inc.
  • Mitsubishi Heavy Industries Ltd.
  • Oerlikon Graziano SpA
  • Prodrive Holdings Limited
  • Ricardo PLC
  • The Timken Company
  • Univance Corporation
  • ZF Friedrichshafen AG
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown