Torque Converter Market
Report ID: SQMIG20I2214
Report ID: SQMIG20I2214
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Report ID:
SQMIG20I2214 |
Region:
Global |
Published Date: March, 2025
Pages:
202
|Tables:
89
|Figures:
76
Torque Converter Market size was valued at USD 8.72 Billion in 2024 and is poised to grow from USD 9.15 Billion in 2025 to USD 13.52 Billion by 2033, growing at a CAGR of 5% during the forecast period (2026–2033).
The global Torque Converter market is experiencing full-size increase, pushed with the aid of key elements within the automotive industry. Increasing demand for automated transmissions, specially in passenger vehicles, is a chief catalyst for the market's growth. The developing manufacturing of electric and hybrid motors also contributes to torque converter demand. Additionally, advancements in torque converter era, together with the improvement of lock-up torque converters for more suitable gas efficiency, are influencing market dynamics.
The aftermarket section is witnessing growth due to the replacement of getting older torque converters. Regionally, Asia-Pacific is a dominant market, reflecting the robust automotive industry in international locations like China and India. These insights underscore a dynamic market responding to evolving automotive developments and purchaser possibilities.
Market snapshot - 2026-2033
Global Market Size
USD 8.3 billion
Largest Segment
Automatic
Fastest Growth
Continuously Variable Transmission (CVT)
Growth Rate
5.0% CAGR
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Global Torque Converter Market is segmented by Transmission, Component, Vehicle Type, Hybrid Vehicle Type and region. Based on Transmission, the market is segmented into Automatic Transmission (AT), Continuously Variable Transmission (CVT) and Dual-Clutch Transmission (DCT). Based on Component, the market is segmented into Clutch Plate, Damper, Impeller, Stator, Turbine and Other Components. Based on Vehicle Type, the market is segmented into Passenger Car and Commercial Vehicle. Based on Hybrid Vehicle Type, the market is segmented into Hybrid Electric Vehicle (HEV) and Plug-In Electric Vehicle (PHEV). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
Hydraulic Torque Converters are predicted to dominate the marketplace. It converters are the most usually used kind in numerous automobiles, specially in conventional automatic transmissions, contributing to their dominance. Hydraulic torque converters are versatile and can be implemented throughout a broad variety of motors, such as each passenger and business motors.
Toroidal or Continuously Variable Transmission (CVT) Torque Converters are anticipated to be the quickest-growing. The growing adoption of CVTs in passenger automobiles, especially in compact and gas-green cars, is driving the demand for toroidal or CVT torque converters. Toroidal or CVT torque converters contribute to progressed gasoline performance, aligning with the automotive enterprise's awareness on gasoline economy and emission reduction.
Automatic transmissions are anticipated to dominate the market. Automatic transmissions are extensively desired by using clients for his or her comfort and ease of use, in particular in passenger motors. This preference contributes to the dominance of automated transmissions inside the standard market. Many unique system producers (OEMs) are increasingly more incorporating automated transmissions of their car models, in addition solidifying the dominance of this transmission kind.
Continuously Variable Transmissions (CVTs) are expected to be the fastest-developing transmission kind. CVTs make contributions to advanced gasoline performance with the aid of imparting a unbroken and non-stop range of equipment ratios. As gas economy turns into a paramount concern, the demand for CVTs is expected to upward thrust.
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Asia-Pacific is expected to dominate the Torque Converter market. The region, mainly international locations like China and India, has a thriving automobile industry with significant car production and sales, using the demand for torque converters.
North America is expected to be the fastest-developing area in the Torque Converter marketplace. The region is at the vanguard of adopting and integrating advanced automotive technologies, including the modern torque converter innovations. The growing marketplace for electric vehicles in North America, which often utilize torque converters of their transmissions, contributes to the area's speedy-paced increase.
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Increasing Demand For Automatic Transmissions
High Increasing Popularity Of Electric Vehicles (Evs)
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The competitive environment of the Torque Converter market is dynamic and marked by intense competition among key players vying for market share and technological leadership. The companies focus on research and development to introduce advanced torque converter technologies, enhance fuel efficiency, and cater to the evolving demands of the automotive sector. Strategic collaborations with automotive manufacturers, regional expansions, and acquisitions are common strategies employed by key players to strengthen their market position.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Torque Converter marketplace evaluation famous a dynamic market with a number of standout traits and problems. The market is pushed by using the increasing call for for automated transmissions, mainly in passenger motors, and the growing adoption of electrical and hybrid cars. However, the marketplace faces restraints due to the rise of opportunity transmission technologies and stringent emissions policies.
In phrases of product types, hydraulic torque converters dominate, even as toroidal or CVT torque converters witness the fastest increase. Asia-Pacific leads the marketplace, propelled by using a sturdy automotive enterprise. Key developments consist of advancements in torque converter era, a shift towards gas-green designs, and a developing aftermarket segment supplying remanufactured solutions.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 8.72 Billion |
| Market size value in 2033 | USD 13.52 Billion |
| Growth Rate | 5% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Torque Converter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Torque Converter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Torque Converter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Torque Converter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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