Torque Converter Market is likely to register double digit CAGR by 2025

Torque Converter Market Estimated to Flourish by 2025
A torque converter can be identified as a device which acts as a link between the
transmission and the engine, allowing a vehicle engine to spin separately from the transmission. The
increase in the manufacture of automatic transmission (AT) vehicles has led to sight opportunities
for torque converter market over the forecast period for its benefit of reduced use of clutches
resulting to more ease in gear shifts. Thus, the global market place for torque converters in
automobile is expected to grow temperately during the forecast period. Such convenience in driving
is expected to attract more buyers globally for vehicles that have automatic transmission systems.
Other benefits such as less-skill requirements, high-efficiency, ease in driving and lesser records of
accidents are some of the factors to opt for automatic transmission systems in medium and heavy
duty passenger vehicles and trucks. Thus it is anticipated to observe sturdy growth in torque
converter market over the forecast period.
Also manufacturers are inclining towards optimizing torque converters to enhance its technology
and operating efficiency by reducing weight and size of torque converter, better lock up range,
automated manufacturing processes and other. Such emerging methodologies in manufacture of
torque converter are expected to show solid evolution in torque converter market during the forecast
period.
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One of the prominent factor that aids in the growth of torque converter market during the forecast
period is the recent advancement in powertrain mechanism The powertrain consists of the
transmission, engine and the drivetrain of an vehicle where its primary function is to run power to
the vehicle. Such recent development in powertrain mechanism has facilitated manufacturers in
developing transmission systems which results into driving torque converter market.
Majority of customers preferring luxurious and premium vehicles with automatic transmission
systems fitted with torque converters for its effortless driving and reduced efforts over the jammed
stop and go driving conditions. Also smaller vehicles are expected to show rise in demand for
torque converter market during the forecast period. Moreover increasing use of electronic gadgets in
the vehicle would further amplify the growth in torque converter market globally.
However, frequent technical issues associated with torque converters may hinder the scenarios for
torque converter market growth in near future. An inoperative torque converter indicates to the
difficulties like vehicle shaking, transmission slippages and high-stall speed. Such major challenge
could be faced by the torque converter market as cost related to labors for the replacements issues
of torque converter is high.
The Americas is expected to account remarkable market share in the torque converter market as
adoption of automatic transmission in medium and heavy duty truck is observed at higher extent in
his region. Being one of the prominent manufacturer of AT vehicles, North America has substantial
number of passenger equipped with automatic transmission systems thus it is expected to remain
prominent region for torque converter market during the forecast period.
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The torque converter market is expected significant opportunities in Asia Pacific regions of fastest
growing nations like India, Japan and China for its OEM segment to experience highest growth that
demands automatic transmission during the forecast period. China being one the significant market
for automotive have growing demand for automatic transmission systems for premium and luxury
vehicles is expected to show noticeable growth in torque converter market over the forecast period.
Unlike Japan and North America, Europe opts for manual transmission vehicles which leads to low
demand for AT system resulting to lean growth for torque converter market.
The research report presents a comprehensive assessment of the market and contains thoughtful
insights, facts, historical data, and statistically supported and industry-validated market data. It also
contains projections using a suitable set of assumptions and methodologies. The research report
provides analysis and information according to categories such as market segments, geographies,
types and applications.
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