Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Vehicle Type (Passenger Car, Light Commercial Vehicle), By Propulsion (Front wheel drive (FWD), Rear wheel drive (RWD), All wheel drive/Four wheel drive (4WD)), By Clutch Actuation Type (Hydraulic, Electronic), By EV Type (BEV, HEV), By Technology (Active Torque Vectoring System, Passive Torque Vectoring System) And Competitive Landscape
Product Code: ETC4612628 | Publication Date: Jul 2023 | Updated Date: Mar 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Torque Vectoring Marke |
Forecast period | 2024-2030 |
CAGR | 7.2% |
Growing Sector | Automotive |
Europe Torque Vectoring Market report thoroughly covers the market by countries, by vehicle type, by propulsion, by clutch actuation type, by EV type, and by technology. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Torque vectoring technology has revolutionized the automotive industry by improving handling, stability, and performance of vehicles. It uses electronic systems to distribute power between wheels, resulting in better traction and control while cornering. This technology has become increasingly popular in Europe due to its numerous benefits and is expected to witness significant growth in the coming years.
According to 6Wresearch, the Europe Torque Vectoring Market size is projected to grow at a CAGR of 7.2% during the forecast period 2024-2030. The rising demand for high-performance vehicles. With a growing number of individuals seeking enhanced driving experiences, automakers are incorporating torque vectoring technology in their vehicles to cater to this demand. Moreover, stringent government regulations regarding vehicle safety and emissions are also driving the adoption of torque vectoring systems as they improve vehicle stability and efficiency.
Despite its growing popularity, the torque vectoring market in Europe faces several challenges. One of the major obstacles is the high cost associated with implementing this technology. The advanced electronic control systems and sensors required for torque vectoring make it a costly feature, limiting its adoption in budget-friendly vehicles. Another challenge is the complexity of maintaining these systems, which requires specialized training and equipment. However, some trends are proliferating the Europe Torque Vectoring Market growth such as the increasing use of electric and hybrid vehicles, which require advanced torque vectoring systems for improved handling and efficiency. Another trend is the integration of torque vectoring technology with other safety systems like electronic stability control, traction control, and anti-lock braking systems. This integration allows for a more efficient and seamless operation of these systems, providing better overall vehicle performance.
Governments across Europe are introducing various initiatives to support the development and application of torque vectoring technology, especially in electric and hybrid vehicles. These include providing incentives for the manufacturing of environmentally friendly vehicles, investing in research and development projects related to advanced vehicle technologies, and formulating regulations that encourage the adoption of innovative safety and emissions-reducing systems.
The Europe torque vectoring market is supported by several key industry players that are pioneering advancements and deployment of this technology. Companies such as BMW AG, Audi AG, and ZF Friedrichshafen AG are at the forefront, offering sophisticated torque vectoring systems that enhance vehicle performance and safety.
The Europe torque vectoring industry is poised for significant growth and transformation. With the automotive industry's shift towards electrification and the increasing focus on vehicle safety and efficiency, advanced torque vectoring systems are expected to become a standard feature in a wider range of vehicles. Furthermore, ongoing technological innovations and government support are likely to drive down costs, making torque vectoring more accessible to a broader segment of the market.
According to Nitesh, Research Manager, 6Wresearch, Germany holds the largest share in the Europe torque vectoring market due to the presence of major automotive manufacturers such as BMW AG, Audi AG, and Mercedes-Benz in these countries that are actively incorporating torque vectoring technology into their vehicles. Additionally, government initiatives promoting electric and hybrid vehicle adoption further support market growth.
Based on the technology, the Active Torque Vectoring System (ATVS) is witnessing significant growth and adoption across the European automotive market. This surge is primarily due to ATVS's ability to dynamically distribute power to individual wheels, substantially improving handling, stability, and performance in a wide range of driving conditions.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Torque Vectoring Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Torque Vectoring Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Torque Vectoring Market - Industry Life Cycle |
3.4 Europe Torque Vectoring Market - Porter's Five Forces |
3.5 Europe Torque Vectoring Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Torque Vectoring Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
3.7 Europe Torque Vectoring Market Revenues & Volume Share, By Propulsion, 2020 & 2030F |
3.8 Europe Torque Vectoring Market Revenues & Volume Share, By Clutch Actuation Type, 2020 & 2030F |
3.9 Europe Torque Vectoring Market Revenues & Volume Share, By EV Type, 2020 & 2030F |
3.10 Europe Torque Vectoring Market Revenues & Volume Share, By Technology, 2020 & 2030F |
4 Europe Torque Vectoring Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Torque Vectoring Market Trends |
6 Europe Torque Vectoring Market, 2020-2030 |
6.1 Europe Torque Vectoring Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
6.2 Europe Torque Vectoring Market, Revenues & Volume, By Propulsion, 2020-2030 |
6.3 Europe Torque Vectoring Market, Revenues & Volume, By Clutch Actuation Type, 2020-2030 |
6.4 Europe Torque Vectoring Market, Revenues & Volume, By EV Type, 2020-2030 |
6.5 Europe Torque Vectoring Market, Revenues & Volume, By Technology, 2020-2030 |
7 Germany Torque Vectoring Market, 2020-2030 |
7.1 Germany Torque Vectoring Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
7.2 Germany Torque Vectoring Market, Revenues & Volume, By Propulsion, 2020-2030 |
7.3 Germany Torque Vectoring Market, Revenues & Volume, By Clutch Actuation Type, 2020-2030 |
7.4 Germany Torque Vectoring Market, Revenues & Volume, By EV Type, 2020-2030 |
7.5 Germany Torque Vectoring Market, Revenues & Volume, By Technology, 2020-2030 |
8 United Kingdom Torque Vectoring Market, 2020-2030 |
8.1 United Kingdom Torque Vectoring Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
8.2 United Kingdom Torque Vectoring Market, Revenues & Volume, By Propulsion, 2020-2030 |
8.3 United Kingdom Torque Vectoring Market, Revenues & Volume, By Clutch Actuation Type, 2020-2030 |
8.4 United Kingdom Torque Vectoring Market, Revenues & Volume, By EV Type, 2020-2030 |
8.5 United Kingdom Torque Vectoring Market, Revenues & Volume, By Technology, 2020-2030 |
9 France Torque Vectoring Market, 2020-2030 |
9.1 France Torque Vectoring Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
9.2 France Torque Vectoring Market, Revenues & Volume, By Propulsion, 2020-2030 |
9.3 France Torque Vectoring Market, Revenues & Volume, By Clutch Actuation Type, 2020-2030 |
9.4 France Torque Vectoring Market, Revenues & Volume, By EV Type, 2020-2030 |
9.5 France Torque Vectoring Market, Revenues & Volume, By Technology, 2020-2030 |
10 Italy Torque Vectoring Market, 2020-2030 |
10.1 Italy Torque Vectoring Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
10.2 Italy Torque Vectoring Market, Revenues & Volume, By Propulsion, 2020-2030 |
10.3 Italy Torque Vectoring Market, Revenues & Volume, By Clutch Actuation Type, 2020-2030 |
10.4 Italy Torque Vectoring Market, Revenues & Volume, By EV Type, 2020-2030 |
10.5 Italy Torque Vectoring Market, Revenues & Volume, By Technology, 2020-2030 |
11 Russia Torque Vectoring Market, 2020-2030 |
11.1 Russia Torque Vectoring Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
11.2 Russia Torque Vectoring Market, Revenues & Volume, By Propulsion, 2020-2030 |
11.3 Russia Torque Vectoring Market, Revenues & Volume, By Clutch Actuation Type, 2020-2030 |
11.4 Russia Torque Vectoring Market, Revenues & Volume, By EV Type, 2020-2030 |
11.5 Russia Torque Vectoring Market, Revenues & Volume, By Technology, 2020-2030 |
12 Spain Torque Vectoring Market, 2020-2030 |
12.1 Spain Torque Vectoring Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
12.2 Spain Torque Vectoring Market, Revenues & Volume, By Propulsion, 2020-2030 |
12.3 Spain Torque Vectoring Market, Revenues & Volume, By Clutch Actuation Type, 2020-2030 |
12.4 Spain Torque Vectoring Market, Revenues & Volume, By EV Type, 2020-2030 |
12.5 Spain Torque Vectoring Market, Revenues & Volume, By Technology, 2020-2030 |
13 Rest of Europe Torque Vectoring Market, 2020-2030 |
13.1 Rest of Europe Torque Vectoring Market, Revenues & Volume, By Vehicle Type, 2020-2030 |
13.2 Rest of Europe Torque Vectoring Market, Revenues & Volume, By Propulsion, 2020-2030 |
13.3 Rest of Europe Torque Vectoring Market, Revenues & Volume, By Clutch Actuation Type, 2020-2030 |
13.4 Rest of Europe Torque Vectoring Market, Revenues & Volume, By EV Type, 2020-2030 |
13.5 Rest of Europe Torque Vectoring Market, Revenues & Volume, By Technology, 2020-2030 |
14 Europe Torque Vectoring Market Key Performance Indicators |
15 Europe Torque Vectoring Market - Opportunity Assessment |
15.1 Europe Torque Vectoring Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Torque Vectoring Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
15.3 Europe Torque Vectoring Market Opportunity Assessment, By Propulsion, 2020 & 2030F |
15.4 Europe Torque Vectoring Market Opportunity Assessment, By Clutch Actuation Type, 2020 & 2030F |
15.5 Europe Torque Vectoring Market Opportunity Assessment, By EV Type, 2020 & 2030F |
15.6 Europe Torque Vectoring Market Opportunity Assessment, By Technology, 2020 & 2030F |
16 Europe Torque Vectoring Market - Competitive Landscape |
16.1 Europe Torque Vectoring Market Revenue Share, By Companies, 2023 |
16.2 Europe Torque Vectoring Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |