AWD – The Largest and Fastest-Growing Segment in the Torque Vectoring Market

Introduction

Torque vectoring is a technique of distributing power between wheels. It has become popular in all-wheel-drive vehicles. Advancements in the automotive industry have enabled other vehicle types to adopt torque vectoring differentials. Torque Vectoring Technology divides the torque equally between all wheels to avoid loss of control in slippery areas. It is primarily used in trucks as well as passengers cars.

Regional Insights

Geographically, the global torque vectoring market is segmented into North America, Europe, Asia-Pacific, and Latin America and the Middle East & Africa (LAMEA).

Europe is expected to lead the global torque vectoring market during the forecast period, 2019–2026. The increasing demand for SUVs, crossovers, and off-highway vehicles drives the growth of the torque vectoring market in Europe. North America is expected to gain hold considerable share in the torque vectoring market, owing to the increasing safety concerns.

Asia-Pacific is estimated to be the second fastest-growing market for torque vectoring during the forecast period. Rapidly growing population, rising disposable income and consumption expenditure, and changing lifestyles are some of the factors driving market growth in the region. During the forecast period, China is expected to lead the regional market, while India is expected to witness significant growth. The emergence of India as an automotive manufacturing hub has been driving the demand for torque vectoring systems in the country. The market in the country benefits from abundant cheap labor, cost competitiveness, and developing infrastructure.

Competitive Players

1. GKN
2. American Axle
3. Dana
4. BorgWarner
5. Eaton
6. ZF
7. JTEKT
8. Magna
9. Bosch
10. Univance
11. Schaeffler
12. Timken
13. Ricardo
14. Oerlikon Graziano
15. Mitsubishi Heavy Industries
16. HALDEX
17. Continental

Recent Developments

· August 2023- Lamborghini introduced the Lamborghini Lanzador, a two-door crossover concept that runs entirely on electricity, marking the brand's inaugural electric vehicle. According to the manufacturer's chief technical officer, the Lamborghini Lanzador unveiled at Monterey Car Week may introduce an impressive torque vectoring technology.

· November 2023- Hyundai and Kia introduced a new electric vehicle (EV) drive system. The unique Uni Wheel developed by a Korean couple offers a solution to conserve space and energy while improving torque vectoring.

Segmentation

1. By Vehicle Type
   1. Passenger Car
   2. Light Commercial Vehicle
2. By Propulsion
   1. Front wheel drive (FWD)
   2. Rear wheel drive (RWD)
   3. All wheel drive/Four-wheel drive (4WD)
3. By Clutch Actuation Type
   1. Hydraulic
   2. Electronic
4. By EV Type
   1. BEV
   2. HEV
5. By Technology
   1. Active Torque Vectoring System
   2. Passive Torque Vectoring System