The global torque converter market is expected to reach USD 10.85 billion by 2027 and is expected to witness market growth at a rate of 4% during the forecast period from 2021 to 2027.
The demand for hybrid electric vehicles is increasing, which will drive the torque converter market during the forecast period. In addition, in the automotive sector, there is an increasing demand for vehicles with automatic transmission systems with torque converters for fuel economy and ease of driving. It is also expected that in the coming years, small vehicles will adopt torque converters that will strengthen the torque converter market.
A full report of Torque Converter Market available at https://www.orionmarketreports.com/torque-converter-market/41136/
Torque Converter Market Segmentations
By Automatic Transmission Type
• AMT (Automated manual Transmission)
• DCT (Dual-Clutch Transmission)
• CVT (continuously variable transmission)
By Vehicle Type
• Passenger car
• HCV (Heavy Commercial vehicles)
• LCV (Low Commercial vehicles)
By End Users
• Original equipment manufacturer (OEM)
• Aftermarket
Company Profiles:
• ACC Performance
• Aisin Europe S.A.
• Dynamic Manufacturing
• EXEDY Corporation
• Precision Industries
• Schaeffler AG
• Transtar Industries Inc.
• Valeo
• Yutaka Giken Company Limited
• ZF Friedrichshafen AG
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
