Market Forecast 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: ETC4575109 | Publication Date: Jul 2023 | Updated Date: Jun 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | South Africa Torque Vectoring Marketย |
Forecast period | 2024-2030 |
CAGR | 13.26% |
Growing Sector | Automotive |
South Africa Torque Vectoring Market Report thoroughly covers the market by Vehicle Type, Propulsion, Clutch Actuation Type, EV Type, and Technology. The South Africa Torque Vectoring Market Outlook report provides an unbiased and detailed analysis of the ongoing South Africa Torque Vectoring Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
South Africa Torque Vectoring market is projected to witness significant growth driven by the escalating demand for advanced driving systems and increasing focus on vehicle safety. The advent of innovative torque vectoring technologies and services offers enhanced driving experiences and safety, thereby further driving the market growth.
According to 6Wresearch, South Africa Torque Vectoring Market size is projected to grow at a CAGR of 13.26% during 2024-2030. The rising demand for advanced torque vectoring systems like Active and Passive Torque Vectoring Systems drives market growth as consumers seek efficient driving, vehicle performance, and overall safety through torque vectoring in South Africa. Moreover, the growing demand for commercial and passenger vehicles is leading to increased use of torque vectoring systems. Also, the expanding automotive sector in South Africa requires torque vectoring systems for superior handling and performance, fostering market growth.
Despite the growing demand for Torque Vectoring in South Africa, the market faces several challenges such as complexity of torque vectoring systems, especially active variants that rely on sophisticated sensors, actuators, and control algorithms, can present challenges related to system calibration, integration, and troubleshooting. Ensuring seamless operation and compatibility with existing vehicle platforms requires expertise and resources.
The South Africa Torque Vectoring Market is witnessing significant growth, with key players like BMW, Mercedes-Benz, and Ford. These industry leaders are known for their innovative technology and robust product offerings. They focus on innovation and customer-centric strategies to strengthen their market position. Their torque vectoring systems are renowned for quality, safety, and performance, catering to a diverse consumer base.
The South Africa government has established stringent safety standards and regulations for torque vectoring to protect operators from potential hazards and ensure vehicle compliance with safety guidelines. Adherence to safety regulations is mandatory for manufacturers, suppliers, and installers to maintain quality and safety in the automotive industry. Government policies promoting inclusive driving environments and accessibility guidelines influence the design and installation of torque vectoring systems to accommodate different applications in South Africa. Embracing inclusive driving policies fosters social integration, diversity, and equal access to advanced driving systems for different vehicles.
The integration of digital technologies, interactive driving elements, augmented reality features, and sensory-rich experiences is expected to redefine driving design and engage drivers in immersive and educational driving processes in South Africa. Innovations in interactive driving equipment will enhance the overall driving experience and cater to tech-savvy generations. Advanced driving trends emphasizing safety, driving challenges, and performance benefits will drive the demand for advanced driving systems, like torque vectoring, in South Africa.
According to Ravi Bhandari, Research Head, 6Wresearch, the Passenger Car segments are witnessing rapid growth. The demand for high-performance vehicles equipped with torque vectoring systems is increasing, contributing to market growth.
In the South Africa Torque Vectoring Market, propulsion systems such as Front Wheel Drive (FWD) are expanding in South Africa. Torque vectoring systems in FWD vehicles improve traction during acceleration, cornering, and challenging road conditions by transferring power to the wheels with the most grip. This enhances stability, reduces understeer, and boosts overall performance, making FWD vehicles equipped with torque vectoring more appealing to consumers seeking better handling and control.
The South Africa Torque Vectoring Market is experiencing growth in the Battery Electric Vehicles (BEVs) segment.Torque vectoring technology plays a significant role in enhancing the performance characteristics of BEVs by optimizing power delivery to individual wheels based on driving conditions. This improves acceleration, handling, and overall driving dynamics, offering BEV owners a more engaging and dynamic driving experience.
The South Africa Torque Vectoring Market is experiencing growth in Hydraulic Systems driven by long-standing reputation for reliability, robustness, and durability in automotive applications. These systems offer consistent performance, smooth power delivery, and effective torque management, making them a preferred choice for manufacturers seeking dependable solutions for torque vectoring.
The South Africa Torque Vectoring Market is experiencing growth in Active Torque Vectoring Systems driven by advanced sensors, actuators, and control systems to actively adjust torque distribution between wheels in real-time, optimizing vehicle dynamics and stability.
The report provides a detailed analysis of the following 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 South Africa Torque Vectoring Market Overview |
3.1 South Africa Country Macro Economic Indicators |
3.2 South Africa Torque Vectoring Market Revenues & Volume, 2020 & 2030F |
3.3 South Africa Torque Vectoring Market - Industry Life Cycle |
3.4 South Africa Torque Vectoring Market - Porter's Five Forces |
3.5 South Africa Torque Vectoring Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
3.6 South Africa Torque Vectoring Market Revenues & Volume Share, By Propulsion, 2020 & 2030F |
3.7 South Africa Torque Vectoring Market Revenues & Volume Share, By Clutch Actuation Type, 2020 & 2030F |
3.8 South Africa Torque Vectoring Market Revenues & Volume Share, By EV Type, 2020 & 2030F |
3.9 South Africa Torque Vectoring Market Revenues & Volume Share, By Technology, 2020 & 2030F |
4 South Africa Torque Vectoring Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Africa Torque Vectoring Market Trends |
6 South Africa Torque Vectoring Market, By Types |
6.1 South Africa Torque Vectoring Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 South Africa Torque Vectoring Market Revenues & Volume, By Vehicle Type, 2020 - 2030F |
6.1.3 South Africa Torque Vectoring Market Revenues & Volume, By Passenger Car, 2020 - 2030F |
6.1.4 South Africa Torque Vectoring Market Revenues & Volume, By Light Commercial Vehicle, 2020 - 2030F |
6.2 South Africa Torque Vectoring Market, By Propulsion |
6.2.1 Overview and Analysis |
6.2.2 South Africa Torque Vectoring Market Revenues & Volume, By Front wheel drive (FWD), 2020 - 2030F |
6.2.3 South Africa Torque Vectoring Market Revenues & Volume, By Rear wheel drive (RWD), 2020 - 2030F |
6.2.4 South Africa Torque Vectoring Market Revenues & Volume, By All wheel drive/Four wheel drive (4WD), 2020 - 2030F |
6.3 South Africa Torque Vectoring Market, By Clutch Actuation Type |
6.3.1 Overview and Analysis |
6.3.2 South Africa Torque Vectoring Market Revenues & Volume, By Hydraulic, 2020 - 2030F |
6.3.3 South Africa Torque Vectoring Market Revenues & Volume, By Electronic, 2020 - 2030F |
6.4 South Africa Torque Vectoring Market, By EV Type |
6.4.1 Overview and Analysis |
6.4.2 South Africa Torque Vectoring Market Revenues & Volume, By BEV, 2020 - 2030F |
6.4.3 South Africa Torque Vectoring Market Revenues & Volume, By HEV, 2020 - 2030F |
6.5 South Africa Torque Vectoring Market, By Technology |
6.5.1 Overview and Analysis |
6.5.2 South Africa Torque Vectoring Market Revenues & Volume, By Active Torque Vectoring System, 2020 - 2030F |
6.5.3 South Africa Torque Vectoring Market Revenues & Volume, By Passive Torque Vectoring System, 2020 - 2030F |
7 South Africa Torque Vectoring Market Import-Export Trade Statistics |
7.1 South Africa Torque Vectoring Market Export to Major Countries |
7.2 South Africa Torque Vectoring Market Imports from Major Countries |
8 South Africa Torque Vectoring Market Key Performance Indicators |
9 South Africa Torque Vectoring Market - Opportunity Assessment |
9.1 South Africa Torque Vectoring Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
9.2 South Africa Torque Vectoring Market Opportunity Assessment, By Propulsion, 2020 & 2030F |
9.3 South Africa Torque Vectoring Market Opportunity Assessment, By Clutch Actuation Type, 2020 & 2030F |
9.4 South Africa Torque Vectoring Market Opportunity Assessment, By EV Type, 2020 & 2030F |
9.5 South Africa Torque Vectoring Market Opportunity Assessment, By Technology, 2020 & 2030F |
10 South Africa Torque Vectoring Market - Competitive Landscape |
10.1 South Africa Torque Vectoring Market Revenue Share, By Companies, 2023 |
10.2 South Africa Torque Vectoring Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |