-- The Global Automotive Torque Converter Market is estimated to grow at a CAGR of 5% by 2023. North America accounts for an impressive market share of around 65% due to greater acceptance of automatic transmissions in the intermediate and heavyweight trucks. This market needs greater development perspective in the Asia Pacific region due to emerging countries. The OEM market segment will account for an impressive market share of more than 70%.
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Growing demand for the automatic transmission vehicles due to growing stress on the drivers because of traffic conditions in towns. Such conditions are increasing the demand in the market for the torque converters. The key advantage of a torque converter is its ability to multiply torque when there is a considerable difference between the engine rotations.
The distribution channel comprises of OEM’s and aftermarket. The application comprises of Passenger vehicle and commercial vehicle. The Region is segmented by Asia-Pacific, Europe, North America, South America and Middle East & Africa.
The Major Players in Automotive Torque Converter Market are - Aerospace Power, Allison Transmission, Exedy, Hongyu, Kapec, Precision of New Hampton, Punch Powertrain, Schaeffler, Valeo, Yutakagiken and ZF.
Complete report on Automotive Torque Converter Market spread across 127 pages, profiling 11 companies and supported with tables and figures. Inquire for more at https://www.orianresearch.com/enquiry-before-buying/399516.
Key benefit insights in this report
• This report examines market size and growth rate by 2023
• This report provides current market and future growth expectations
• Market drivers, challenges, opportunities and threats in global automotive torque converter market
• Impacts of disruptive technologies and examine the changing competitive dynamics
• Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved
• Examine forecast period using Porter’s five forces, supply chain and value chain analysis
• Data regarding companies and business decision by having complete insights on the market and creating in-depth analysis of market segments
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Target Audience
• Manufacturers and suppliers
• Dealers and distributors of various segment
• Automotive industry experts and analyst
• Investors and consultants
• Institutions and associations
Table of Content
1 EXECUTIVE SUMMARY
2 DEMOGRAPHIC OVERVIEW
3 RESEARCH METHODOLOGY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 MARKET FACTOR ANALYSIS
7 GLOBAL MARKET ANALYSIS BY TYPE
8 GLOBAL MARKET ANALYSIS BY DISTRIBUTION CHANNEL
9 GLOBAL MARKET ANALYSIS BY APPLICATION
10 GLOBAL MARKET ANALYSIS BY REGION
11 MARKET TRENDS & COMPETITIVE ANALYSIS
12 COMPANY PROFILES
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