LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive torque converter market and it is poised to grow by $ 2.14 bn during 2021-2025, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive torque converter market. The market growth in 2021 is likely to Increase compared to the market growth in 2019.
Frequently Asked Questions:
What are the major trends in the market?
Technological advancements in torque converters is a major trend driving the growth of the market
At what rate is the market projected to grow?
The market will decelerate at a CAGR of almost 7% and the incremental growth of the market is anticipated to be $ 2.14 bn
Who are the top players in the market?
Aisin Seiki Co. Ltd., Delphi Technologies Plc, Schaeffler AG, Sonnax Transmission Co. Inc., SU(BA)RU Corp., Transtar Industries Inc., Valeo SA, Voith GmbH & Co. KGaA, Yutaka Giken Co. Ltd., and ZF Friedrichshafen AG, are some of the major market participants.
What is the key market driver?
The rising demand for automatic transmission systems is one of the major factors driving the market
How big is the APAC market?
The APAC region will contribute 58% of the market share
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aisin Seiki Co. Ltd., Delphi Technologies Plc, Schaeffler AG, Sonnax Transmission Co. Inc., SU(BA)RU Corp., Transtar Industries Inc., Valeo SA, Voith GmbH & Co. KGaA, Yutaka Giken Co. Ltd., and ZF Friedrichshafen AG are some of the major market participants. The rising demand for automatic transmission systems will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this automotive torque converter market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Torque Converter Market 2021-2025: Segmentation
Automotive Torque Converter Market is segmented as below:
Type
Passenger Vehicles
Commercial Vehicles
Geography
North America
APAC
Europe
South America
MEA
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Automotive Torque Converter Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive torque converter market report covers the following areas:
Automotive Torque Converter Market Size
Automotive Torque Converter Market Trends
Automotive Torque Converter Market Industry Analysis
This study identifies technological advancements in torque converters as one of the prime reasons driving the automotive torque converter market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Torque Converter Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist automotive torque converter market growth during the next five years
Estimation of the automotive torque converter market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive torque converter market across North America, APAC, Europe, South America, and MEA
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive torque converter market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020-2025
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Type
Market segments
Comparison by Type
Passenger vehicles – Market size and forecast 2020-2025
Commercial vehicles – Market size and forecast 2020-2025
Market opportunity by Type
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America – Market size and forecast 2020-2025
APAC – Market size and forecast 2020-2025
Europe – Market size and forecast 2020-2025
South America – Market size and forecast 2020-2025
MEA – Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Aisin Seiki Co. Ltd.
Delphi Technologies Plc
Schaeffler AG
Sonnax Transmission Co. Inc.
SU(BA)RU Corp.
Transtar Industries Inc.
Valeo SA
Voith GmbH & Co. KGaA
Yutaka Giken Co. Ltd.
ZF Friedrichshafen AG
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
