Mexico Torque Vectoring Market (2024-2030) | Outlook, Growth, Companies, Revenue, Forecast, Analysis, Size, Industry, Trends, Share, Value

Mexico Torque Vectoring Market Highlights

Report Name	Mexico Torque Vectoring Market
Forecast period	2024-2030
CAGR	6.5%
Growing Sector	Automotive

Topics Covered in Mexico Torque Vectoring Market Report

Mexico Torque Vectoring Market Report thoroughly covers the market by vehicle type, propulsion, clutch actuation type, EV type and technology. The Mexico Torque Vectoring Market Outlook report provides an unbiased and detailed analysis of the ongoing Mexico Torque Vectoring Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.

Mexico Torque Vectoring Market Synopsis

Mexico Torque Vectoring Market is undergoing substantial expansion, driven by a rising demand for fuel-efficient and high-performance vehicles. Torque vectoring technology is gaining traction in Mexico due to its benefits in enhancing vehicle stability, traction, and fuel efficiency while reducing emissions. Factors such as stringent emission regulations and the surge in electric vehicle adoption further propel market growth. With Mexico's increasing vehicle production and sales, the torque vectoring market holds promising opportunities for industry expansion.

According to 6Wresearch, Mexico Torque Vectoring Market size is projected to rise at a CAGR of 6.5% during 2024-2030. One of the major drivers of this market is the increasing demand for enhanced vehicle performance and handling. Torque vectoring technology enables better control over traction, stability, and cornering, resulting in an improved driving experience. This has led to rising interest in vehicles equipped with torque vectoring systems among consumers and automakers in Mexico. Furthermore, stringent government regulations promoting vehicle safety and fuel efficiency have also spurred market growth. With ongoing technological advancements and growing awareness of its benefits, the Mexico Torque Vectoring Market is poised for further expansion in the coming years.

However, there are also challenges faced by this market, such as the cost associated with implementing this technology in vehicles. The significant initial investment required for integrating torque vectoring systems can deter automakers, particularly those with limited budgets. Moreover, as torque vectoring is still a relatively new technology, the absence of standardised regulations can lead to uncertainty for automakers and consumers. Additionally, the complexity of torque vectoring systems may pose challenges for technicians and mechanics in terms of maintenance and repair, further complicating its adoption in the market.

Torque Vectoring Market in Mexico: Leading Players

Some key players in the Mexico Torque Vectoring market include names like Bosch, Continental AG, GKN plc, ZF Friedrichshafen AG, Magna International Inc., Melrose Industries PLC, BorgWarner Inc., Mitsubishi Electric Corporation, and Schaeffler Group. These companies are continually investing in research and development to enhance their product portfolios and gain a competitive advantage in the market. They are also focusing on strategic partnerships and collaborations to expand their market presence and contributing remarkably for Mexico Torque Vectoring Market Growth.

Mexico Torque Vectoring Industry: Government Initiatives

Mexico's government has actively promoted the adoption of torque vectoring technology in the automotive industry through various initiatives. They offer incentives to manufacturers producing vehicles with torque vectoring systems and provide subsidies to consumers buying these vehicles. Moreover, the government invests in research and development to enhance this technology further. They have also established regulations and standards to ensure the safety and efficiency of vehicles equipped with torque vectoring. These efforts have significantly boosted the growth of the torque vectoring market in Mexico and are fostering a more sustainable and advanced automotive sector.

Future Insights of the Market

The Mexico Torque Vectoring Market is poised for significant growth in the coming years due to advancements in automotive technology and increasing demand for high-performance vehicles. Torque vectoring systems, which enhance handling and stability by distributing power between a vehicle's wheels, are gaining traction in Mexico's automotive industry, supported by a growing market and rising disposable incomes. Government initiatives promoting electric and hybrid vehicles further drive demand for torque vectoring systems. This forecast highlights promising growth and investment opportunities in Mexico's torque vectoring industry, underlining its potential for manufacturers and investors seeking to capitalise on the country's expanding automotive sector and sustainability initiatives.

Market Segmentation By Vehicle Type

According to Dhaval, Research Manager, 6Wresearch, the Passenger Car segment dominated this industry due to the increasing demand for luxury and high-performance vehicles among consumers. However, with the rise in e-commerce and logistics industries, there has been a significant demand for light commercial vehicles, making it the fastest-growing segment in the market.

Market Segmentation By Propulsion

In the Mexico torque vectoring market, the segment that dominates is the all-wheel drive/four-wheel drive (AWD/4WD) segment. However, it is projected that with advancements in technology and a shift towards more fuel-efficient vehicles, the front wheel drive (FWD) segment will experience significant growth in the coming years. This is attributed to its lower cost and better fuel economy compared to AWD/4WD vehicles. Therefore, the FWD segment is expected to dominate the Mexico torque vectoring market in the near future.

Market Segmentation By Clutch Actuation Type

The market is dominated by the hydraulic segment due to its cost-effectiveness and widespread use in vehicles. However, with advancements in technology and increasing demand for more efficient vehicles, the electronic segment is projected to dominate the market in the coming years.

Market Segmentation By EV Type

BEVs or battery electric vehicles dominate the Mexico torque vectoring market, owing to their increasing popularity and government incentives promoting their adoption. These vehicles run solely on electricity and do not have an internal combustion engine, making them ideal for torque vectoring technology. However, HEVs also hold a considerable share in the market and are expected to continue dominance in the coming years, as more automakers introduce hybrid and plug-in hybrid models with torque vectoring capabilities.

Market Segmentation By Technology

On the basis of technology, In Mexico, the torque vectoring market is dominated by active torque vectoring systems, which use electronic sensors and control units to adjust power distribution in real-time. These systems are projected to continue dominating the market in the coming years as they offer more precise and dynamic control compared to passive torque vectoring systems, which rely on mechanical components such as differentials or clutches.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Mexico Torque Vectoring Market Outlook
• Market Size of Mexico Torque Vectoring Market, 2023
• Forecast of Mexico Torque Vectoring Market, 2030
• Historical Data and Forecast of Mexico Torque Vectoring Revenues & Volume for the Period 2020 - 2030
• Mexico Torque Vectoring Market Trend Evolution
• Mexico Torque Vectoring Market Drivers and Challenges
• Mexico Torque Vectoring Price Trends
• Mexico Torque Vectoring Porter's Five Forces
• Mexico Torque Vectoring Industry Life Cycle
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Vehicle Type for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Passenger Car for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Light Commercial Vehicle for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Propulsion for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Front wheel drive (FWD) for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Rear wheel drive (RWD) for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By All wheel drive/Four wheel drive (4WD) for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Clutch Actuation Type for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Hydraulic for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Electronic for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By EV Type for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By BEV for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By HEV for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Technology for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Active Torque Vectoring System for the Period 2020 - 2030
• Historical Data and Forecast of Mexico Torque Vectoring Market Revenues & Volume By Passive Torque Vectoring System for the Period 2020 - 2030
• Mexico Torque Vectoring Import Export Trade Statistics
• Market Opportunity Assessment By Vehicle Type
• Market Opportunity Assessment By Propulsion
• Market Opportunity Assessment By Clutch Actuation Type
• Market Opportunity Assessment By EV Type
• Market Opportunity Assessment By Technology
• Mexico Torque Vectoring Top Companies Market Share
• Mexico Torque Vectoring Competitive Benchmarking By Technical and Operational Parameters
• Mexico Torque Vectoring Company Profiles
• Mexico Torque Vectoring Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

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