Global Automotive Torque Converter Market Analysis
Report Highlights
Global Automotive Torque Converter Market Analysis
According to Verified Market Research, the Global Automotive Torque Converter Market is expected to grow at a CAGR of 5.81% from 2019 to 2026.
The latest survey on Global Automotive Torque Converter Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in Automotive Torque Converter Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global Automotive Torque Converter Market By Vehicle Type, By Application, By Technology, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities
What is Automotive Torque Converter?
A torque converter is a device which uses fluid loop mechanism to transmit power which is called fluid coupling. IT helps to transfer the rotating power from combustion engine to rotating driven load. The function of the torque converter is same as the clutch in manual transmission which isolates the engine from the load when the vehicle is stationary. With the help of torque converter, we can reduce mechanical efforts and can achieve different speed smoothly.
Global Automotive Torque Converter Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The Global Automotive Torque Converter Market is expected to grow rapidly because of the increase in demand for vehicle with automatic transmission. The growth of torque converter is directly proportional to the growth of automatic transmission. The technological advancement, increasing sales of passenger vehicle since the purchasing power of people is increasing and rapid growth of hybrid vehicles are some of the driving factors of the market. High consumption of fuel by torque converter transmission compared to dual clutch, continuous variable transmission, and the high labor cost that is associated with the replacement of the parts restrains the growth of market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Automotive Torque Converter Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Automotive Torque Converter Market Competitive Landscape
The “Global Automotive Torque Converter Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Aisin Seiki Co. Ltd., BorgWarner, Schaeffler Group, Valeo, Friedrichshafen, Transtar Industries Inc., Allison Transmission, EXEDY Corporation, Yutaka Giken Co. Ltd. and Sonnax Transmission Company, Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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