This market research report includes a detailed segmentation of the global automotive torque converter market by end-users (OEM and aftermarket). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Exedy, Schaeffler, Yutaka Giken and ZF.
Technavio’s market research analysts estimate the global automotive torque converter market, to grow at a CAGR of 4% between 2016 and 2020. Rising demand for automatic transmission vehicles is boosting the demand for torque converters as the latter is directly proportional to automatic transmission vehicle sales. Torque converters are undergoing advancements in terms of design, materials, and technology. APAC is one of the fastest growing markets owing to rising demand for AT vehicles and the adoption of automatic transmission in low and mid-segment passenger cars.
The new market research report from Technavio provides a breakdown and analysis of the automotive torque converter segments by technology.
“Growth in the powertrain technology has attracted interest among consumers and OEMs that operate in the automatic transmission space. The advances in powertrain technology have helped manufacturers to forge transmission systems that can handle higher internal pressures and greater instantaneous forces. For instance, the development of electronic gearshift control technologies, such as 8-speed AT, 9- speed AT, 10-speed AT, and DCT,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research
The automotive torque converter market by original equipment manufacturers (OEMs) hold a share of 70%, which accounts for 20.22 million units. Much of this OEM segment growth comes from the rising demand for automatic transmission (AT) vehicles especially in India and China. Moreover, the vehicle manufacturers worldwide are introducing automatic transmission in their basic models, which will increase market demand for torque converters over the next four years.
Global automotive torque converter market for OEM (units in millions)
Source: Technavio, 2016
The key vendors in the global automotive torque converter market include Exedy, Schaeffler, Yutaka Giken and ZF. The market hosts a few major international vendors and many local and regional manufacturers. Competition in this market is expected to intensify with rising demand for automatic transmission vehicles. High growth potential in APAC and high demand for automatic transmission vehicles in North America will attract new entrants into the torque converter market, which may intensify the competition.
A more detailed analysis is available in the Technavio report, Global Automotive Torque Convertor Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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