Torque Converter Market Size, Share, Trends, Growth Outlook

Torque Converter Market is estimated to increase at a growth rate of 5.3% CAGR over the forecast period from 2024 to 2030.

The global Torque Converter Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Automatic transmission, Continuously variable transmission, Dual-clutch transmission), By Component (Clutch plate, Damper, Impeller, Turbine), By Vehicle (Passenger, Commercial).

An Introduction to Global Torque Converter Market, 2024

The Torque Converter Market in 2024 remains a crucial component segment within the automotive transmission industry, providing essential torque multiplication and power transfer solutions for automatic transmissions. Torque converters are fluid coupling devices that enable smooth and efficient transfer of torque from the engine to the transmission, allowing for variable gear ratios and seamless shifting without the need for a clutch pedal. With the increasing demand for fuel efficiency, performance, and driver comfort, torque converters play a critical role in optimizing power delivery, reducing drivetrain losses, and enhancing vehicle drivability. Manufacturers in this market focus on producing torque converters with precision engineering, high-quality materials, and advanced lock-up clutch systems to maximize efficiency and minimize heat generation during operation. Moreover, innovations such as lock-up torque converters, multi-plate clutches, and electronic torque management systems improve converter efficiency, response, and control in various driving conditions. Additionally, compatibility with hybrid and electric powertrains introduces new challenges and opportunities for torque converter design, such as integrating electric motor assist and regenerative braking functionalities. As automotive OEMs continue to prioritize performance and efficiency in their vehicle designs, the Torque Converter Market remains essential in providing reliable and innovative solutions that optimize powertrain performance, fuel economy, and drivability.

Torque Converter Competitive Landscape

The global Torque Converter market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Torque Converter Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Torque Converter Market Industry include- ACC Performance Products Plus, Dynamic Manufacturing, EXEDY Corp, Precision Industries, Schaeffler Technologies AG And Co. KG, Sonnax Industries Inc, Stewart & Stevenson, Transtar Industries Inc, Yutaka Giken Company Ltd, ZF Friedrichshafen AG.

Torque Converter Market Trend: Increasing Demand for Automatic Transmission Vehicles

A significant trend in the Torque Converter Market is the increasing demand for automatic transmission vehicles, driven by factors such as growing urbanization, traffic congestion, and consumer preferences for convenience and driving comfort. Automatic transmissions, which utilize torque converters to transmit power from the engine to the transmission, are becoming increasingly popular worldwide, particularly in regions with heavy traffic and stop-and-go driving conditions. This trend reflects a broader industry shift towards automatic transmissions as automakers introduce more fuel-efficient and technologically advanced vehicles equipped with automatic transmission systems, shaping the demand for torque converters in the automotive market.

Torque Converter Market Driver: Growth of Automotive Production and Vehicle Sales

A key driver propelling the Torque Converter Market is the growth of automotive production and vehicle sales globally, driving demand for transmission components such as torque converters to support the production of passenger cars, commercial vehicles, and off-highway equipment. With increasing disposable incomes, urbanization, and mobility needs, there's a continuous demand for vehicles equipped with automatic transmissions, fueling the need for torque converters in the automotive industry. Additionally, advancements in automotive technology, such as the development of hybrid and electric vehicles, present opportunities for torque converter manufacturers to innovate and develop specialized torque converters tailored to alternative powertrain systems, further driving market growth and expansion.

Torque Converter Market Opportunity: Development of High-Efficiency and Compact Torque Converters

An opportunity within the Torque Converter Market lies in the development of high-efficiency and compact torque converters to meet the evolving performance and packaging requirements of modern vehicles. As automakers strive to improve fuel economy, reduce emissions, and optimize vehicle performance, there's a growing demand for torque converters that offer higher efficiency, lower parasitic losses, and reduced weight and size. By leveraging advancements in materials science, fluid dynamics, and design optimization, torque converter manufacturers can develop innovative solutions that improve power transmission efficiency, enhance vehicle drivability, and enable downsizing of transmission systems without compromising performance. Moreover, there's potential for torque converter manufacturers to explore opportunities in emerging markets such as electric and hybrid vehicles, where specialized torque converters play a crucial role in optimizing powertrain efficiency and performance. By focusing on innovation and addressing market needs, torque converter manufacturers can capitalize on opportunities for growth and differentiation in the dynamic automotive industry.

Torque Converter Market Segmentation

By Type
Automatic transmission
Continuously variable transmission
Dual-clutch transmission
By Component
Clutch plate
Damper
Impeller
Turbine
By Vehicle
Passenger
CommercialGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Torque Converter Companies

ACC Performance Products Plus
Dynamic Manufacturing
EXEDY Corp
Precision Industries
Schaeffler Technologies AG And Co. KG
Sonnax Industries Inc
Stewart & Stevenson
Transtar Industries Inc
Yutaka Giken Company Ltd
ZF Friedrichshafen AG
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Torque Converter Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Torque Converter Market Size Outlook, $ Million, 2021 to 2030
3.2 Torque Converter Market Outlook by Type, $ Million, 2021 to 2030
3.3 Torque Converter Market Outlook by Product, $ Million, 2021 to 2030
3.4 Torque Converter Market Outlook by Application, $ Million, 2021 to 2030
3.5 Torque Converter Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Torque Converter Industry
4.2 Key Market Trends in Torque Converter Industry
4.3 Potential Opportunities in Torque Converter Industry
4.4 Key Challenges in Torque Converter Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Torque Converter Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Torque Converter Market Outlook by Segments
7.1 Torque Converter Market Outlook by Segments, $ Million, 2021- 2030
By Type
Automatic transmission
Continuously variable transmission
Dual-clutch transmission
By Component
Clutch plate
Damper
Impeller
Turbine
By Vehicle
Passenger
Commercial

8 North America Torque Converter Market Analysis and Outlook To 2030
8.1 Introduction to North America Torque Converter Markets in 2024
8.2 North America Torque Converter Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Torque Converter Market size Outlook by Segments, 2021-2030
By Type
Automatic transmission
Continuously variable transmission
Dual-clutch transmission
By Component
Clutch plate
Damper
Impeller
Turbine
By Vehicle
Passenger
Commercial

9 Europe Torque Converter Market Analysis and Outlook To 2030
9.1 Introduction to Europe Torque Converter Markets in 2024
9.2 Europe Torque Converter Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Torque Converter Market Size Outlook by Segments, 2021-2030
By Type
Automatic transmission
Continuously variable transmission
Dual-clutch transmission
By Component
Clutch plate
Damper
Impeller
Turbine
By Vehicle
Passenger
Commercial

10 Asia Pacific Torque Converter Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Torque Converter Markets in 2024
10.2 Asia Pacific Torque Converter Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Torque Converter Market size Outlook by Segments, 2021-2030
By Type
Automatic transmission
Continuously variable transmission
Dual-clutch transmission
By Component
Clutch plate
Damper
Impeller
Turbine
By Vehicle
Passenger
Commercial

11 South America Torque Converter Market Analysis and Outlook To 2030
11.1 Introduction to South America Torque Converter Markets in 2024
11.2 South America Torque Converter Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Torque Converter Market size Outlook by Segments, 2021-2030
By Type
Automatic transmission
Continuously variable transmission
Dual-clutch transmission
By Component
Clutch plate
Damper
Impeller
Turbine
By Vehicle
Passenger
Commercial

12 Middle East and Africa Torque Converter Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Torque Converter Markets in 2024
12.2 Middle East and Africa Torque Converter Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Torque Converter Market size Outlook by Segments, 2021-2030
By Type
Automatic transmission
Continuously variable transmission
Dual-clutch transmission
By Component
Clutch plate
Damper
Impeller
Turbine
By Vehicle
Passenger
Commercial

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
ACC Performance Products Plus
Dynamic Manufacturing
EXEDY Corp
Precision Industries
Schaeffler Technologies AG And Co. KG
Sonnax Industries Inc
Stewart & Stevenson
Transtar Industries Inc
Yutaka Giken Company Ltd
ZF Friedrichshafen AG

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Type
Automatic transmission
Continuously variable transmission
Dual-clutch transmission
By Component
Clutch plate
Damper
Impeller
Turbine
By Vehicle
Passenger
Commercial