Product Code:454529
Published Date: Feb 08,2023
Pages: 109
Region: Global
Category: Automobile & Transportation
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Automotive torque converter is a fluid coupling that functions as a means of transferring power from the engine to the transmission. An automotive torque converter is comprised of an impeller, turbine, stator, and front cover, these parts work in conjunction with one another to transfer power from the engine to the transmission by swirling fluid around. The impeller, which is sometimes referred to as the pump, is welded to the front cover, is not physically connected to the turbine, which drives the input shaft on the transmission. The front cover is bolted to the flex plate, and as it rotates the impeller, the increasing velocity of the transmission fluid transmits power to the turbine and transmission input shaft. LPI (LP Information)' newest research report, the “Automotive Torque Converter Industry Forecast” looks at past sales and reviews total world Automotive Torque Converter sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Torque Converter sales for 2023 through 2029. With Automotive Torque Converter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Torque Converter industry. This Insight Report provides a comprehensive analysis of the global Automotive Torque Converter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Torque Converter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Torque Converter market. This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Torque Converter and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Torque Converter. The global Automotive Torque Converter market size is projected to grow from US$ 529.8 million in 2022 to US$ 675.3 million in 2029; it is expected to grow at a CAGR of 675.3 from 2023 to 2029. Global Automotive Torque Converter key players include EXEDY, Yutaka Giken, Kapec, ZF, Valeo, etc. North America is the largest market, with a share about 35%, followed by China, and Japan, both have a share over 45 percent. In terms of product, Single-stage is the largest segment, with a share over 95%. And in terms of application, the largest application is AT, followed by CVT, etc. This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Torque Converter market by product type, application, key manufacturers and key regions and countries. Market Segmentation: Segmentation by type Single-Stage Torque Converter Multistage Torque Converter Segmentation by application Automatic Transmission (AT) Continuously Variable Transmission (CVT) Others This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration. EXEDY Yutaka Giken Kapec ZF Valeo Schaeffler Aerospace Power Punch Powertrain Allison Transmission Precision of New Hampton Hongyu. Key Questions Addressed in this Report What is the 10-year outlook for the global Automotive Torque Converter market? What factors are driving Automotive Torque Converter market growth, globally and by region? Which technologies are poised for the fastest growth by market and region? How do Automotive Torque Converter market opportunities vary by end market size? How does Automotive Torque Converter break out type, application? What are the influences of COVID-19 and Russia-Ukraine war?