Global Torque Vectoring Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Electric Vehicle Type;
BEV and HEV.By Clutch Actuation Type;
Hydraulic and Electronic.By Propulsion;
Front-Wheel Drive (FWD) , Rear-Wheel Drive (RWD) and All-Wheel Drive/Four-Wheel Drive (AWD/4WD).By Technology;
Active Torque Vectoring System (ATVS) and Passive Torque Vectoring System (PTVS).By Vehicle Type;
Passenger Cars and Light Commercial Vehicles.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Torque Vectoring Market (USD Million), 2020 - 2030
In the year 2023, the Global Torque Vectoring Market was valued at USD 12,852.33 million. The size of this market is expected to increase to USD 51,701.22 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 22.0%.
The global torque vectoring market is an integral part of the automotive industry, contributing to advancements in vehicle performance, handling, and safety. Torque vectoring technology enhances vehicle dynamics by dynamically distributing torque to individual wheels, thereby optimizing traction, stability, and agility during cornering and acceleration. This technology has gained prominence in recent years as automakers strive to enhance the driving experience and meet evolving consumer demands for better handling and performance.
Torque vectoring systems utilize various sensors, actuators, and control algorithms to monitor vehicle dynamics and adjust torque distribution in real-time based on driving conditions and driver inputs. By selectively applying torque to specific wheels, torque vectoring systems can mitigate understeer, oversteer, and wheel slip, improving vehicle stability and cornering performance. Additionally, torque vectoring enhances traction and grip on diverse road surfaces, enhancing both safety and performance aspects of vehicle handling.
The growing demand for high-performance vehicles, particularly in the sports car and premium vehicle segments, is driving the adoption of torque vectoring technology. Automakers are incorporating torque vectoring systems into their vehicle lineup to differentiate their products, attract performance-oriented customers, and enhance brand image. Moreover, stringent regulatory standards related to vehicle safety and emissions are prompting automakers to invest in advanced vehicle technologies like torque vectoring to improve overall vehicle efficiency and compliance with regulatory requirements.
Furthermore, advancements in electric and hybrid vehicle technology are shaping the evolution of the torque vectoring market. Electric powertrains offer unique opportunities for torque vectoring implementation, as they provide instantaneous torque delivery and independent control of each wheel. Electric torque vectoring systems not only improve vehicle dynamics but also contribute to energy efficiency and regenerative braking capabilities, aligning with the automotive industry's shift towards electrification and sustainability. As the automotive landscape continues to evolve, torque vectoring technology is expected to play a vital role in shaping the future of vehicle dynamics and performance.
Global Torque Vectoring Market Report Snapshot
Parameters | Description |
---|---|
Market | Global Torque Vectoring Market |
Study Period | 2020 - 2030 |
Base Year (for Torque Vectoring Market Size Estimates) | 2023 |
Drivers |
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Restraints |
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Opportunities |
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Segment Analysis
The Global Torque Vectoring Market is poised for substantial growth from 2024 to 2030, driven by various factors including the increasing adoption of electric vehicles, advancements in automotive technology, and the demand for enhanced vehicle performance and safety. This market is segmented by Electric Vehicle Type into Battery Electric Vehicles (BEV) and Hybrid Electric Vehicles (HEV), reflecting the growing popularity of electrified powertrains in the automotive industry. Torque vectoring systems play a crucial role in optimizing the performance and efficiency of electric vehicles, enhancing traction, stability, and overall driving dynamics.
Additionally, the market is segmented by Clutch Actuation Type into Hydraulic and Electronic systems. Hydraulic torque vectoring systems utilize hydraulic actuators to distribute torque between the wheels, while electronic systems rely on electronically controlled clutches for torque distribution. Both technologies offer unique advantages in terms of responsiveness, precision, and control flexibility, catering to different vehicle applications and driving preferences. The choice between hydraulic and electronic clutch actuation depends on factors such as cost, performance requirements, and integration with vehicle dynamics control systems.
Furthermore, the market segmentation includes Propulsion types such as Front-Wheel Drive (FWD), Rear-Wheel Drive (RWD), and All-Wheel Drive/Four-Wheel Drive (AWD/4WD). Each propulsion configuration presents distinct challenges and opportunities for torque vectoring implementation, with AWD/4WD vehicles often benefiting the most from torque vectoring technology due to their inherently better traction and stability characteristics. Torque vectoring systems can enhance the performance and handling of FWD, RWD, and AWD/4WD vehicles by dynamically adjusting torque distribution to individual wheels based on driving conditions and vehicle dynamics.
Moreover, the market is segmented by Technology into Active Torque Vectoring System (ATVS) and Passive Torque Vectoring System (PTVS). Active torque vectoring systems actively adjust torque distribution between the wheels to optimize vehicle dynamics in real-time, while passive torque vectoring systems utilize mechanical or differential-based solutions to achieve similar outcomes. Both technologies offer advantages in terms of performance, cost, and complexity, catering to different vehicle segments and customer preferences. As automotive technology continues to evolve, torque vectoring systems are expected to play a crucial role in enhancing vehicle performance, safety, and driving experience across various vehicle types and propulsion systems.
Global Torque Vectoring Market Analysis
In this report, the global torque vectoring market has been segmented by electric vehicle type, clutch actuation type, propulsion, technology, vehicle type and geography.
Global Torque Vectoring Market, Segmentation by Electric Vehicle Type
The Global Torque Vectoring Market has been segmented by Electric Vehicle Type into BEV and HEV .
Furthermore, the market segmentation includes Clutch Actuation Type, distinguishing between Hydraulic and Electronic torque vectoring systems. Hydraulic systems rely on hydraulic actuators to distribute torque between the wheels, offering precise control and responsiveness. On the other hand, electronic systems utilize electronic control units (ECUs) and actuators to manage torque distribution, providing flexibility and adaptability to varying driving conditions. Both hydraulic and electronic torque vectoring systems contribute to improved vehicle dynamics and safety, catering to different performance requirements and preferences.
Additionally, the market is segmented by Propulsion into Front-Wheel Drive (FWD), Rear-Wheel Drive (RWD), and All-Wheel Drive/Four-Wheel Drive (AWD/4WD) configurations. Torque vectoring systems can be integrated into various drivetrain layouts to optimize traction, stability, and handling characteristics. In FWD vehicles, torque vectoring enhances cornering performance and mitigates understeer, while in RWD and AWD/4WD vehicles, it improves traction and stability during acceleration and cornering maneuvers. The versatility of torque vectoring technology across different propulsion configurations expands its applicability across a wide range of vehicle types and segments.
Moreover, the market segmentation extends to Technology, distinguishing between Active Torque Vectoring System (ATVS) and Passive Torque Vectoring System (PTVS). Active systems actively distribute torque between the wheels based on real-time driving conditions and driver inputs, offering dynamic control and adjustability. Passive systems, on the other hand, rely on mechanical or differential-based mechanisms to achieve torque distribution, providing a simpler and more cost-effective solution. Both ATVS and PTVS contribute to improved vehicle dynamics and performance, catering to varying levels of sophistication and budget considerations within the automotive market.
Global Torque Vectoring Market, Segmentation by Clutch Actuation Type
The Global Torque Vectoring Market has been segmented by Clutch Actuation Type into Hydraulic and Electronic.
The segmentation by Clutch Actuation Type into Hydraulic and Electronic systems offers automakers and consumers a choice between two distinct technologies for torque vectoring. Hydraulic systems leverage hydraulic actuators to adjust torque distribution between the wheels, providing precise control and responsiveness in various driving conditions. On the other hand, electronic systems utilize electronically controlled clutches to manage torque distribution, offering flexibility and adaptability to changing road conditions and driving dynamics. This segmentation allows manufacturers to tailor torque vectoring solutions to specific vehicle platforms, performance targets, and cost considerations.
Hydraulic torque vectoring systems are known for their robustness and reliability, making them suitable for high-performance applications where precise control and responsiveness are paramount. These systems excel in optimizing traction, stability, and cornering dynamics, enhancing the overall driving experience. In contrast, electronic torque vectoring systems offer advanced control capabilities and integration with vehicle dynamics control systems, enabling dynamic torque distribution based on real-time data inputs. By segmenting the market based on Clutch Actuation Type, automakers can select the torque vectoring technology that best aligns with their performance objectives, vehicle architectures, and target customer preferences.
Moreover, the choice between hydraulic and electronic torque vectoring systems may also depend on factors such as manufacturing complexity, cost-effectiveness, and ease of integration with existing vehicle platforms. Hydraulic systems may be preferred for their simplicity and reliability, particularly in applications where cost considerations are paramount. Electronic systems, while offering advanced control features and dynamic adjustability, may entail higher development and integration costs but provide greater flexibility and scalability in terms of performance tuning and future enhancements. As automakers strive to meet evolving market demands for enhanced vehicle dynamics and driving performance, the segmentation by Clutch Actuation Type enables them to select the most suitable torque vectoring solution for their specific requirements.
Global Torque Vectoring Market, Segmentation by Propulsion
The Global Torque Vectoring Market has been segmented by Propulsion into Front-Wheel Drive (FWD) , Rear-Wheel Drive (RWD) and All-Wheel Drive/Four-Wheel Drive (AWD/4WD) .
The segmentation by Propulsion types, including Front-Wheel Drive (FWD), Rear-Wheel Drive (RWD), and All-Wheel Drive/Four-Wheel Drive (AWD/4WD), acknowledges the diverse range of vehicle architectures and drivetrain configurations in the automotive market. Each propulsion configuration offers unique advantages and challenges for torque vectoring implementation. FWD vehicles, for example, typically prioritize fuel efficiency and packaging efficiency but may exhibit understeer tendencies during spirited driving. Torque vectoring can mitigate understeer by transferring power to the outer wheels during cornering, improving traction and stability.
Similarly, RWD vehicles are known for their balanced weight distribution and dynamic handling characteristics, but they may be prone to oversteer under certain conditions. Torque vectoring systems can selectively apply braking force to the inner wheels or redistribute torque to the outer wheels to counteract oversteer, enhancing cornering stability and driver confidence. AWD/4WD vehicles, with power distributed to all four wheels, benefit from torque vectoring technology by optimizing traction and stability on various surfaces and driving conditions. By segmenting the market based on propulsion types, torque vectoring system suppliers can develop tailored solutions that address the specific needs and performance objectives of different vehicle architectures.
Furthermore, the segmentation by Propulsion types enables automakers to optimize torque vectoring systems for specific vehicle platforms and customer preferences. For instance, sporty performance-oriented vehicles may prioritize dynamic handling and cornering agility, while utility vehicles may prioritize traction and stability in off-road or adverse weather conditions. By offering torque vectoring solutions optimized for FWD, RWD, and AWD/4WD configurations, suppliers can cater to a wide range of vehicle segments and applications, enhancing overall market competitiveness and customer satisfaction.
Global Torque Vectoring Market, Segmentation by Technology
The Global Torque Vectoring Market has been segmented by Technology into Active Torque Vectoring System (ATVS) and Passive Torque Vectoring System (PTVS) .
The segmentation by Technology into Active Torque Vectoring System (ATVS) and Passive Torque Vectoring System (PTVS) reflects the diverse approaches employed in achieving torque vectoring functionality in vehicles. Active torque vectoring systems utilize sophisticated electronic control systems to adjust torque distribution dynamically, based on inputs from sensors monitoring vehicle dynamics, road conditions, and driver behavior. These systems offer precise and responsive torque management, enabling optimal traction, stability, and agility during cornering and other dynamic driving maneuvers.
On the other hand, passive torque vectoring systems rely on mechanical or differential-based solutions to distribute torque between the wheels, without active intervention from electronic control systems. These systems typically leverage mechanical components such as limited-slip differentials, torque vectoring differentials, or brake-based systems to achieve torque distribution. While passive torque vectoring systems may offer simpler and more cost-effective solutions compared to their active counterparts, they may not provide the same level of dynamic adjustability and responsiveness under varying driving conditions.
The segmentation by Technology allows automakers and torque vectoring system suppliers to offer solutions tailored to different performance requirements, cost considerations, and customer preferences. Active torque vectoring systems are often favored in high-performance vehicles and sports cars where precise control and dynamic handling are paramount. In contrast, passive torque vectoring systems may find application in mainstream passenger vehicles and utility vehicles where cost-effectiveness and simplicity are prioritized. By offering both active and passive torque vectoring solutions, suppliers can cater to a diverse range of vehicle segments and market demands, enhancing overall market penetration and competitiveness.
Global Torque Vectoring Market, Segmentation by Vehicle Type
The Global Torque Vectoring Market has been segmented by Vehicle Type into Passenger Cars and Light Commercial Vehicles.
The segmentation by Vehicle Type into Passenger Cars and Light Commercial Vehicles reflects the diverse applications of torque vectoring technology across different vehicle segments. In passenger cars, torque vectoring systems are increasingly utilized to enhance driving dynamics, traction, and safety, particularly in high-performance and premium vehicle models. By optimizing torque distribution between individual wheels, torque vectoring systems improve cornering stability, reduce understeer or oversteer tendencies, and enhance overall agility and responsiveness, contributing to a more engaging and enjoyable driving experience.
In light commercial vehicles (LCVs), torque vectoring technology offers benefits in terms of enhanced stability, control, and load-carrying capability. LCVs such as vans, pickups, and small trucks are often used for commercial purposes such as delivery, transportation, and service operations. Torque vectoring systems can improve vehicle stability under loaded conditions, especially during cornering or evasive maneuvers, reducing the risk of accidents and enhancing driver confidence. Additionally, torque vectoring technology can contribute to improved traction and off-road performance in LCVs equipped with all-wheel drive (AWD) or four-wheel drive (4WD) systems, enhancing their versatility and utility in diverse operating environments.
Global Torque Vectoring Market, Segmentation by Geography
In this report, the Global Torque Vectoring Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Torque Vectoring Market Share (%), by Geographical Region, 2023
North America and Europe stand out as leading markets for torque vectoring systems due to their well-established automotive industries and high levels of technological innovation. In these regions, consumers often prioritize high-performance vehicles equipped with advanced safety and driving assistance features, which include torque vectoring systems. The robust demand for such vehicles, coupled with the presence of leading automotive manufacturers and suppliers, fosters a favorable environment for the adoption and proliferation of torque vectoring technology. Moreover, stringent safety regulations and a strong consumer focus on vehicle performance further drive the market for torque vectoring systems in North America and Europe.
In the Asia Pacific region, rapid urbanization, infrastructure development, and increasing disposable incomes are fueling the demand for passenger cars equipped with advanced safety and driving assistance features, including torque vectoring systems. As urban populations grow and cities become more congested, there is a heightened emphasis on vehicle safety and maneuverability. This trend, combined with the increasing affordability of advanced automotive technologies, drives the adoption of torque vectoring systems in passenger cars across the Asia Pacific region. Additionally, the presence of emerging markets with significant automotive production capacities, such as China and India, further contributes to the growth of the torque vectoring market in Asia Pacific.
Emerging economies in the Middle East, Africa, and Latin America are experiencing a surge in vehicle ownership rates and infrastructure investments, which presents opportunities for torque vectoring technology suppliers to expand their market presence. As these regions undergo rapid urbanization and industrialization, there is a growing demand for vehicles equipped with advanced safety features to address traffic congestion and enhance road safety. Moreover, government initiatives aimed at improving transportation infrastructure and promoting vehicle safety contribute to the favorable market conditions for torque vectoring systems in the Middle East, Africa, and Latin America.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Torque Vectoring Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Rising Demand for Enhanced Vehicle Performance
- Growing Adoption of Electric Vehicles (EVs)
- Advancements in Automotive Technology
- Regulatory Emphasis on Vehicle Safety:Stringent safety regulations and consumer demand for safer vehicles are compelling automakers to integrate advanced safety systems, such as torque vectoring, into modern vehicles. These regulations mandate the inclusion of safety features aimed at reducing accidents, injuries, and fatalities on the roads. Torque vectoring systems offer significant safety benefits by enhancing vehicle stability, especially during dynamic driving maneuvers or adverse road conditions. By actively adjusting torque distribution between the wheels, torque vectoring systems can mitigate the risk of skidding or loss of control, thereby improving overall safety performance and reducing the likelihood of accidents.
The integration of torque vectoring systems into vehicles aligns with consumer expectations for enhanced safety features in their vehicles. Modern consumers prioritize vehicle safety when making purchasing decisions, often seeking out vehicles equipped with advanced driver assistance systems and active safety technologies. Torque vectoring systems contribute to improved vehicle handling and stability, providing drivers with greater confidence and control behind the wheel. As safety becomes an increasingly important consideration for consumers, automakers are under pressure to incorporate innovative safety technologies like torque vectoring into their vehicle lineup to meet market demands and differentiate their products.
Furthermore, torque vectoring systems offer benefits beyond safety, including improved driving dynamics and performance. By optimizing torque distribution to individual wheels, these systems enhance traction, cornering ability, and overall vehicle agility. This not only enhances the driving experience but also contributes to vehicle efficiency and performance. As automotive technology continues to advance, torque vectoring systems are expected to play a crucial role in shaping the future of vehicle safety and performance, driving innovation in the automotive industry and meeting the evolving needs and expectations of consumers worldwide.
Restraints
- Cost Implications
- Integration Challenges
- Complexity and Maintenance Requirements
- Market Fragmentation and Standardization:The absence of standardized torque vectoring technologies and varying implementation approaches across automakers pose challenges to the market, potentially leading to fragmentation and interoperability issues. Unlike more established automotive technologies, such as ABS or ESC, torque vectoring lacks universal standards or protocols governing its implementation. As a result, different automakers may employ proprietary torque vectoring systems with unique operating principles, control algorithms, and hardware configurations. This lack of standardization can create compatibility issues between vehicles equipped with different torque vectoring systems, hindering interoperability and complicating aftermarket upgrades or modifications.
Moreover, the absence of standardized torque vectoring technologies can lead to market fragmentation, as consumers may face difficulties in comparing and evaluating different systems across vehicle models and manufacturers. Without clear benchmarks or performance standards, consumers may struggle to assess the effectiveness, reliability, and value proposition of torque vectoring systems offered by different automakers. This lack of transparency and consistency may impede consumer confidence in the technology and slow down adoption rates, particularly among mainstream vehicle buyers who prioritize ease of use and reliability in their purchasing decisions.
To address these challenges, industry stakeholders, including automakers, suppliers, and regulatory bodies, may need to collaborate on developing common standards and guidelines for torque vectoring technology. Standardization efforts could encompass aspects such as system architecture, performance metrics, testing methodologies, and interoperability requirements to ensure consistency and compatibility across different torque vectoring systems. By establishing clear standards and protocols, the automotive industry can promote greater transparency, interoperability, and consumer confidence in torque vectoring technology, fostering its wider adoption and integration into future vehicle platforms.
Opportunities
- Global Torque Vectoring Market
- Rise of Electric and Hybrid Vehicles
- Integration with Advanced Driver Assistance Systems (ADAS)
- Expansion into Emerging Markets:As emerging economies experience economic growth and urbanization, the demand for automobiles is on the rise, presenting a significant opportunity for torque vectoring technology. With rising incomes and increasing consumer aspirations, there is a growing preference for vehicles equipped with advanced safety and performance features. Torque vectoring systems offer benefits such as improved vehicle stability, enhanced cornering capabilities, and better traction control, which align well with the expectations of consumers in emerging markets seeking safer and more technologically advanced vehicles.
Moreover, the expansion of infrastructure in emerging economies, including road networks and transportation facilities, creates an environment conducive to the adoption of torque vectoring technology. As urban areas expand and traffic congestion becomes more prevalent, consumers are looking for vehicles that offer superior handling and maneuverability. Torque vectoring systems not only enhance driving dynamics but also contribute to overall vehicle safety, which is particularly important in densely populated urban environments where road safety is a concern.
By tailoring torque vectoring technology to suit the specific needs and preferences of consumers in emerging markets, automotive manufacturers can gain a competitive edge and capitalize on the growing demand for advanced vehicle features. This may involve adapting torque vectoring systems to different driving conditions, road surfaces, and vehicle types prevalent in these regions. By addressing the unique requirements of emerging market consumers and offering innovative solutions that improve driving experience and safety, automakers can position themselves as leaders in these rapidly growing automotive markets.
Competitive Landscape Analysis
Key players in Global Torque Vectoring Market include:
- GKN
- American Axle
- Dana
- Borgwarner
- Eaton
- ZF
- JTEKT
- Magna
- Bosch
- Univance
- Schaeffler
- Timken
- Ricardo
- Oerlikon Graziano
- Mitsubishi Heavy Industries
- Haldex
- Continental
- Drako
- Prodrive
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Electric Vehicle Type
- Market Snapshot, By Clutch Actuation Type
- Market Snapshot, By Propulsion
- Market Snapshot, By Technology
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Region
- Global Torque Vectoring Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increased Demand For Luxury And Performance Vehicles (including SUVs, crossovers, and off-highway vehicles)
- Enhanced Safety And Vehicle Dynamics
- Restraints
- Growing Mobility Services
- Decline In The Enthusiast Segment—Millennial Effect
- Opportunities
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Torque Vectoring Market, By Electric Vehicle Type, 2020 - 2030 (USD Million)
- BEV
- HEV
- Global Torque Vectoring Market, By Clutch Actuation Type, 2020 - 2030 (USD Million)
- Hydraulic
- Electronic
- Global Torque Vectoring Market, By Propulsion, 2020 - 2030 (USD Million)
- Front-Wheel Drive (FWD)
- Rear-Wheel Drive (RWD)
- All-Wheel Drive/Four-Wheel Drive (AWD/4WD)
- Global Torque Vectoring Market, By Technology, 2020 - 2030 (USD Million)
- Active Torque Vectoring System (ATVS)
- Passive Torque Vectoring System (PTVS)
- Global Torque Vectoring Market, By Vehicle Type, 2020 - 2030 (USD Million)
- Passenger Cars
- Light Commercial Vehicles
- Global Torque Vectoring Market, By Geography, 2020 - 2030 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin Americe
- North America
- Global Torque Vectoring Market, By Electric Vehicle Type, 2020 - 2030 (USD Million)
- Competitive Landscape
- Company Profiles
- GKN
- American Axle
- Dana
- Borgwarner
- Eaton
- ZF
- JTEKT
- Magna
- Bosch
- Univance
- Schaeffler
- Timken
- Ricardo
- Oerlikon Graziano
- Mitsubishi Heavy Industries
- Haldex
- Continental
- Drako
- Prodrive
- Company Profiles
- Analyst Views
- Future Outlook of the Market
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