Report Code: A11415 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Torque Converter Market
Request Now !Torque converter is a device that act as a link between the transmission and the engine, allowing a vehicle engine to spin separately from the transmission. Manufacturers are inclining toward optimizing torque converters to enhance its technology. Also, to increase its operating efficiency by reducing weight and size of torque converter. These processes include better lock up range, automated manufacturing processes, and others. The torque converter in an automatic transmission that serves a purpose similar to a clutch in a manual transmission. This leads to the growth of the torque converter market in near future.
COVID-19 SCENARIO ANALYSIS
The significant factors impacting the growth of the torque converter market are growing demand for passenger cars and luxury vehicles and advancements in power trains. However, technical issues associated with torque and certain difficulties like vehicle shaking and transmission slippages hampers the growth of automotive torque converter market. On the other hand, growth in the automobile sector and help in easy driving fuel the growth of the torque converter market.
Growth in the demand for the passenger cars and luxurious vehicles has resulted in increase in deployment of the dual clutch and automation transmission system. The deployment of these systems resulted in effortless driving. Thus, high demand of such advanced systems resulted in the growth of the torque converter market in near future.
One of the major factors driving the growth of the torque converter market is recent advancements made in powertrain mechanism. Powertrain consists of transmission engine to run the power to the vehicle. Such advancements lead to the growth of the market in near future.
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Questions answered in the torque converter market research report:
Torque Converter Market Report Highlights
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By Component |
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By Vehicle type |
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Key Market Players | Schaeffler Technologies AG & Co. KG, ACC Performance Products Plus, EXEDY Corporation, ZF Friedrichshafen AG, Precision Industries, Sonnax Industries Inc., Dynamic Manufacturing, Stewart & Stevenson, Yutaka Giken Company Limited, Transtar Industries Inc. |
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