Torque Vectoring Market is segmented By Propulsion (All-Wheel Drive (AWD)/Four-Wheel Drive (4WD), Front-Wheel Drive (FWD), Rear-Wheel Drive (RWD)), By....
Market Size in USD
CAGR13.68%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 13.68% |
Market Concentration | High |
Major Players | GKN Automotive Limited, BorgWarner Inc., ZF Friedrichshafen AG, JTEKT Corporation, American Axle & Manufacturing Holdings, Inc. |
The torque vectoring market is estimated to be valued at USD 11.45 Bn in 2024 and is expected to reach USD 28.09 Bn by 2031, growing at a compound annual growth rate (CAGR) of 13.68% from 2024 to 2031. The torque vectoring market is witnessing positive trends driven by strict emission regulations mandating more fuel-efficient and lower emission vehicles.