"Global Torque Converter Market - Industry Trends and Forecast to 2029

Global Torque Converter Market, By Transmission Type (Automatic Transmission, Continuously Variable Transmission, Dual-Clutch Transmission), Component (Clutch Plate, Damper, Impeller, Stator, Turbine), Vehicle Type (Passenger Car, Commercial Vehicle), Hybrid Vehicle Type (Hybrid Electric Vehicle, Plug-In Electric Vehicle) End Users (Original Equipment Manufacturer (OEM), Aftermarket) U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029

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**Segments**

- **By Transmission Type:** The torque converter market can be segmented based on transmission type into automatic transmission, continuously variable transmission (CVT), and dual-clutch transmission (DCT). Automatic transmissions are widely used in passenger cars and heavy-duty vehicles, providing smooth gear shifting and improved fuel efficiency. CVTs offer seamless acceleration and better fuel economy in smaller vehicles, while DCTs combine the efficiency of manual transmissions with the convenience of automatic ones.

- **By Vehicle Type:** This segment categorizes the torque converter market based on vehicle type into passenger cars, commercial vehicles, and off-highway vehicles. Passenger cars account for a significant portion of the market due to increasing demand for automatic transmissions in urban areas. Commercial vehicles, such as trucks and buses, rely on torque converters for towing capabilities and smooth operation. Off-highway vehicles like construction equipment and agricultural machinery also utilize torque converters for power transmission.

- **By Material Type:** The torque converter market can also be segmented by material type, including steel and aluminum. Steel torque converters are known for their durability and heat resistance, making them suitable for heavy-duty applications. On the other hand, aluminum torque converters are lighter in weight, leading to improved fuel efficiency and reduced inertia losses in vehicles.

**Market Players**

- **EXEDY Corporation:** A leading player in the torque converter market, EXEDY Corporation offers a wide range of torque converter products for various vehicle applications. The company focuses on continuous innovation and quality to meet the evolving needs of customers.

- **Schaeffler Group:** Schaeffler Group is another key player in the torque converter market, known for its advanced engineering solutions and sustainable technologies. The company's torque converter systems are designed for efficiency and performance in modern vehicles.

- **Aisin Seiki Co., Ltd.:** Aisin Seiki Co., Ltd. is a prominent manufacturer of automotive components, including torque converters. The company's torque converter products are known for their reliability and precision engineering, contributing toThe torque converter market is a dynamic and evolving sector of the automotive industry, with segmentation based on various criteria such as transmission type, vehicle type, and material type. The transmission type segment plays a crucial role in defining the market landscape, with automatic transmission, continuously variable transmission (CVT), and dual-clutch transmission (DCT) being the primary categories. Automatic transmissions are widely adopted in passenger cars and heavy-duty vehicles due to their smooth gear shifting and enhanced fuel efficiency. CVTs offer seamless acceleration and better fuel economy, especially in smaller vehicles, while DCTs provide a balance between manual transmission efficiency and automatic transmission convenience. Each transmission type caters to specific vehicle applications and consumer preferences, driving the demand for torque converters in the market.

Another significant segmentation factor is the vehicle type, which categorizes the torque converter market into passenger cars, commercial vehicles, and off-highway vehicles. Passenger cars account for a substantial portion of the market share, primarily fueled by the increasing urbanization and the preference for automatic transmissions among consumers. Commercial vehicles, including trucks and buses, rely on torque converters for towing capabilities and smooth operation, highlighting the importance of these components in the transportation sector. Off-highway vehicles such as construction equipment and agricultural machinery also heavily rely on torque converters for power transmission and operational efficiency. The diverse vehicle types and their specific requirements contribute to the varied demand for torque converters across different segments of the market.

Material type is another crucial segmentation criterion in the torque converter market, with steel and aluminum being the primary materials used in manufacturing these components. Steel torque converters are renowned for their durability and heat resistance, making them ideal for heavy-duty applications where performance and reliability are paramount. On the other hand, aluminum torque converters offer advantages such as reduced weight, leading to enhanced fuel efficiency and lower inertia losses in vehicles. Manufacturers often choose the material type based on the intended application and performance requirements, further diversifying the torque converter market based on material composition.

In terms of market players, EXEDY Corporation**Segments**

- **By Transmission Type:** The torque converter market segmentation based on transmission type plays a pivotal role in defining the market landscape. Automatic transmission, continuously variable transmission (CVT), and dual-clutch transmission (DCT) are the primary categories in this segment. Automatic transmissions are widely adopted in passenger cars and heavy-duty vehicles due to their smooth gear shifting and improved fuel efficiency. CVTs offer seamless acceleration and better fuel economy, especially in smaller vehicles, while DCTs provide a balance between manual transmission efficiency and automatic transmission convenience, catering to specific vehicle applications and consumer preferences.

- **By Vehicle Type:** Another significant segmentation factor in the torque converter market is based on vehicle type, categorizing it into passenger cars, commercial vehicles, and off-highway vehicles. Passenger cars hold a substantial portion of the market share, driven by increasing urbanization and consumer preference for automatic transmissions. Commercial vehicles, such as trucks and buses, rely on torque converters for towing capabilities and smooth operation. Off-highway vehicles like construction equipment and agricultural machinery heavily rely on torque converters for power transmission and operational efficiency, showcasing the importance of these components across various vehicle types.

- **By Material Type:** Material type segmentation in the torque converter market includes steel and aluminum as primary materials used in manufacturing. Steel torque converters are known for their durability and heat resistance, making them ideal for heavy-duty applications where performance and reliability are critical. On the other hand, aluminum torque converters offer advantages such as reduced weight, leading to enhanced

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers and Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

Core Objective of Torque Converter Market:

Every firm in the Torque Converter Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

• Size of the Torque Converter Market and growth rate factors.
• Important changes in the future Torque Converter Market.
• Top worldwide competitors of the Market.
• Scope and product outlook of Torque Converter Market.
• Developing regions with potential growth in the future.
• Tough Challenges and risk faced in Market.
• Global Torque Converter top manufacturers profile and sales statistics.

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