Viral

Automotive Torque Converter Market Key Company Profiles, Applications and Forecast

Automotive Torque Converter Market Introduction

A mechanical device known as a torque converter uses a fluid coupling to convey power across a fluid loop. It is a part that serves as a connection between the engine and the transmission, enabling the engine of a car to turn without being controlled by the transmission. It facilitates the movement of rotating energy from a combustion engine to a rotating driven load. Similar to a manual transmission’s clutch, a torque converter isolates the engine from the load when the car is stopped. With the use of a torque converter, we can achieve varied speeds smoothly while reducing mechanical effort.

A particular kind of fluid called a torque converter aids in the transfer of rotational power from a prime mover to a rotating driven load. In essence, it serves as a link between the engine and transmission. The global torque converter market is projected to expand due to the rising demand for passenger cars and automatic hydraulic transmissions in industrialised nations. The worldwide torque converter market is anticipated to have enormous expansion throughout the forecast period because torque converters are built to operate under higher internal pressure and larger expeditious force to intensify the performance of the automobiles. The market for automatic transmission vehicles, which is increasingly responsible for the expansion of the torque converter industry, is also driving up demand for passenger cars, which is expected to have a favourable effect on the market for torque converters. The main manufacturer’s investment in the torque market to improve vehicle efficiency and the advancement of torque converter technologies are projected to accelerate the industry’s expansion over the next five years.

The engine of a car can spin independently from the transmission thanks to a torque converter, which serves as a link between the transmission and the engine. The increase in the production of automatic transmission (AT) vehicles has led to prospects for the torque converter market throughout the anticipated period due to the AT’s benefit of less clutch use, which results in easier gear shifts. Thus, it is anticipated that during the projected period, the global market for torque converters in automobiles would expand moderately. Because of how simple it is to drive, automatic transmission automobiles are perhaps more popular worldwide. In addition to these advantages, automatic transmission systems in medium and heavy duty passenger cars and trucks also offer great efficiency, ease of operation, and fewer accident records. As a result, the torque converter market is anticipated to increase strongly during the coming years. By decreasing the weight and size of the torque converter, improving the lock up range, automating the production process, and other methods, manufacturers are also leaning toward optimising torque converters to improve their technology and operational efficiency. During the anticipated period, the torque converter market is anticipated to exhibit strong growth as a result of these newly developed manufacturing processes.

Download a Free Sample Copy of the Report

Global Automotive Torque Converter Market: Major Players
EXEDY
Yutaka Giken
Aerospace Power
Punch Powertrain
Precision of New Hampton
Schaeffler
Hongyu.
Allison Transmission
Kapec
ZF
Valeo

Global Automotive Torque Converter Market: By Types
Single-stage
Multistage

Global Automotive Torque Converter Market: By Applications
Commercial Vehicle
Passenger Cars

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

Besides the standard structure reports, we also provide custom research according to specific requirements.