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(IndustryNews247.Com, May 26, 2023 ) The “Torque Vectoring Market” was valued USD 8.65 Bn in 2022 and is expected to grow at a CAGR of 16.88 percent over the forecast period to reach USD 30.12 Bn by 2029.
Torque Vectoring Market Scope and Research Methodology
The main objective is to provide the Torque Vectoring Market definition, trends, and issues in the market. The bottom-up approach was used to estimate the Torque Vectoring market size. The primary research method was used to validate the findings from the secondary research method in the Torque Vectoring market.
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Torque Vectoring Market Dynamics
Increasing demand for torque vectoring technologies and systems in the automotive industry is increasing steadily, which is expected to boost the market growth. Growing popularity of electric vehicles and advanced driving assistance systems is contributing for the growth of market. Complexity of the system and challenges in integration with existing vehicle systems is expected to restrain the market growth.
Torque Vectoring Market Regional Insight
North America region is expected to dominate the market over the forecast period. Increasing demand for high-performance and luxury vehicles, with safety and efficiency is expected to boost the market growth.
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Torque Vectoring Market Segmentation
By Vehicle Type:
Light Commercial Vehicle
Front wheel drive (FWD)
Rear wheel drive (RWD)
All wheel drive/Four wheel drive (4WD)
By Clutch Actuation Type:
By EV Type:
Torque Vectoring Market Key Players Include
ZF Friedrichshafen AG
Magna International Inc.
Mitsubishi Electric Corporation
American Axle & Manufacturing Holdings, Inc.
Robert Bosch GmbH
AVL List GmbH
Infineon Technologies AG
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Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Automotive Steering Torque Sensor Market : The market size is expected to reach USD 6.98 Bn by 2029 at a CAGR of 8.21 percent during the forecast period.
Torque Sensor Market : The total market size is expected to reach USD 10.28 Bn by 2029 at a CAGR of 5.5 percent over the forecast period.
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