Global Automotive Torque Converter Market

The torque converter is a type of fluid coupling which transfers rotating power from a prime mover, to a driven load which keeps on rotating like an internal combustion engine. The torque converter is normally installed in the place of a mechanical clutch in a vehicle with an automatic transmission which therefore allows the load to be separated from the source of power. Usually it is located between the transmission of the engine and its flexplate. Basically it allows the vehicle engine to spin independently of the transmission. When the engine is turned slowly, the amount of torque that passes through the torque converter to the transmission is very small. This however requires a bit of light pressure on the brake pedal. When more pressure is applied on the accelerator by the driver, the engine revs up and more fluid is pumped into the torque converter. Because of this the wheels get more torque transmitted to them.The analysts forecast that the global automotive torque converter market will grow with a rate of XX% CAGR during the period 2017-2022.

Market Dynamics

The major driving force of this market is the increasing demand for automatic transmission vehicles along with the increasing demand of hybrid electric vehicles.

The high cost that has to be spent on repairs in case something breaks down is the only major constraint that this market faces at the present time.

Market Segmentation

The market for Global Automotive Torque Converter is primarily divided by five categories, they are

1) By Transmission

--> AT

--> CVT

--> DCT

2) By Type of Vehicle

--> Passenger Vehicles

--> HCVs

--> LCVs

3) By Type of Hybrid Vehicle

--> Hybrid Electric Vehicle (HEV)

--> Plug- In Hybrid Electric Vehicle (PHEV)

4) By Component

--> Clutch plate

--> Damper

--> Impeller

--> Stator

--> Turbine

5) By End User

--> OEMs

--> Aftermarket

Geographic Analysis

Currently the market for torque converters in the Europe region is very small when it is compared with the North America and Asia Pacific region. The reason for it is that the consumers in Europe prefer DCT over AT because the torque converters solve the problem of lurching at low speed in DCT vehicles. The demand for torque converters in DCT vehicles is at a very initial stage however, during the forecast period, their demand is projected to rise. It is because of the fact that they improve the driving experience of DCT vehicles. Because of this reason, at the end of the forecasted period the region of Europe with its high penetration of DCT will be the fastest growing market.

Key Players

Some of the major companies that are involved in this market are mentioned below-

1. Dynamic Manufacturing

2. Exedy

3. Precision Torque Converters

4. Schaeffler

5. Sonnax

6. Transtar

7. Yutaka Giken

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage