Automotive Torque Vectoring Systems Market
Automotive Torque Vectoring Systems Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Automotive Torque Vectoring Systems Market Size and Growth
The Automotive Torque Vectoring Systems market is experiencing robust growth, driven by increasing demand for enhanced vehicle performance and safety. As of 2023, the market size is estimated to be valued at approximately $5 billion, with a projected CAGR of around 15% over the next five years, reflecting rising advanced automotive technologies.
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Companies Covered
(Covid 19 Impact Covered)
◍ Borg Warner
◍ JTEKT
◍ GKN
◍ ZF
◍ Rimac
◍ Mitsubishi
◍ Ricardo
◍ The Timken Company
◍ Prodrive
◍ Ford
The Automotive Torque Vectoring Systems Market features companies like BorgWarner, JTEKT, GKN, and ZF, focusing on enhancing vehicle dynamics and performance. These firms leverage advanced technologies to improve traction and handling, driving market growth. Sales figures include BorgWarner's $3.6 billion and ZF's $39 billion in 2022 revenue.
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Market Segmentation
By Application
By Product
◍ Active Torque Vectoring System (ATVS)
◍ Passive Torque Vectoring System (PTVS) ◍ Commercial Cars ◍ Passenger Cars
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Market Growth
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$ X Billion USD
