Torque Vectoring Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Torque Vectoring Market is segmented By Propulsion (All-Wheel Drive (AWD)/Four-Wheel Drive (4WD), Front-Wheel Drive (FWD), Rear-Wheel Drive (RWD)), By....

Torque Vectoring Market Size

Market Size in USD

CAGR13.68%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR13.68%
Market ConcentrationHigh
Major PlayersGKN Automotive Limited, BorgWarner Inc., ZF Friedrichshafen AG, JTEKT Corporation, American Axle & Manufacturing Holdings, Inc.
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Torque Vectoring Market Analysis

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.