Global Torque Vectoring Market Size & Outlook, 2023-2030
The global torque vectoring market size was estimated at USD 10,889.0 million in 2023 and is projected to reach USD 21,018.6 million by 2030, growing at a CAGR of 9.9% from 2024 to 2030.
Revenue, 2023 (US$M)
$10,889.0
Forecast, 2030 (US$M)
$21,018.6
CAGR, 2024 - 2030
9.9%
Report Coverage
Worldwide
Global torque vectoring market, 2018-2030 (US$M)
Global torque vectoring market highlights
- The global torque vectoring market generated a revenue of USD 10,889.0 million in 2023 and is expected to reach USD 21,018.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.9% by 2030.
- In terms of segment, bev accounted for a revenue of USD 10,889.0 million in 2023.
- BEV is the most lucrative ev type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 10,889.0 million |
| Market revenue in 2030 | USD 21,018.6 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Bev |
| Fastest growing segment | BEV |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BEV |
Other key industry trends
- In terms of revenue, the North America accounted for 17.8% of the global torque vectoring market in 2023.
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Torque Vectoring Market Scope
Torque vectoring market segmentation & scope
Propulsion
Front wheel drive (FWD)
All wheel drive/Four-wheel drive (4WD)
Rear wheel drive (RWD)
Vehicle Type
Passenger Car
Light Commercial Vehicle
Clutch Actuation Type
Hydraulic
Electronic
Technology
Active Torque Vectoring System
Passive Torque Vectoring System
Countries
U.S.
Canada
Mexico
UK
France
Germany
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Torque Vectoring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Drako Motors | View profile | 11-50 | San Jose, California, United States, North America | https://www.drakomotors.com/ |
| Haldex | View profile | 1001-5000 | Landskrona, Skane Lan, Sweden, Europe | https://www.haldex.com |
| Aisin Seiki | View profile | 11-50 | Tochigi, Tochigi, Japan, Asia | https://aisinkanto.co.jp |
| Nexteer Automotive Group Ltd | View profile | 12900 | 1272 Doris Road, Auburn Hills, MI, United States, 48326 | https://www.nexteer.com |
| GKN Automotive | View profile | 10001+ | Birmingham, Birmingham, United Kingdom, Europe | https://www.gknautomotive.com/ |
| Audi AG | View profile | 10001+ | Ingolstadt, Bayern, Germany, Europe | http://www.audi.com |
| ZF Group | View profile | 10001+ | Friedrichshafen, Baden-Wurttemberg, Germany, Europe | http://zf.com |
| BorgWarner Inc | View profile | 39900 | 3850 Hamlin Road, Auburn Hills, MI, United States, 48326 | https://www.borgwarner.com |
| Hyundai Motor Co | View profile | 73502 | 12, Heolleung-ro, Seocho-Gu, Seoul, Korea, Republic of | https://www.hyundai.com |
| Magna International Inc | View profile | 179000 | 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 | https://www.magna.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | http://www.bosch.com |
| General Motors Co | View profile | 163000 | 300 Renaissance Center, Detroit, MI, United States, 48265-3000 | https://www.gm.com |
| Volkswagen AG | View profile | 656134 | Berliner Ring 2, Wolfsburg, NI, Germany, 38440 | https://www.volkswagenag.com |
| Dana Inc | View profile | 42000 | 3939 Technology Drive, Maumee, OH, United States, 43537 | https://www.dana.com |
| Continental AG | View profile | 200888 | Continental-Plaza 1, 30001, P.O. Box 1 69, Hanover, NI, Germany, 30175 | https://www.continental.com |
Global torque vectoring market size, by regions, 2018-2030 (US$M)
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