The Global Torque Vectoring Market was valued at approximately USD 10.75 billion in 2023 and is projected to grow at a robust compound annual growth rate (CAGR) of 15.2% during the forecast period from 2024 to 2032. Torque vectoring technology, which involves a computer-controlled system managing the distribution of torque among the vehicle's wheels, has become increasingly vital, particularly in electric vehicles (EVs). The market's growth is strongly influenced by the substantial rise in global electric vehicle sales, which reached a record-high of 6.9 million in 2021-a remarkable 107% increase from the previous year. This surge underscores the demand for advanced automotive systems like torque vectoring to enhance vehicle stability, handling, and safety.

Several factors contribute to the rapid expansion of the torque vectoring market. A key driver is the increase in sales of both commercial and passenger vehicles, particularly electric vehicles (EVs) and hybrid vehicles, driven by the growing focus on sustainability and government regulations aimed at reducing carbon emissions. Additionally, the market benefits from technological advancements and significant investments in the automotive sector aimed at improving driveline technologies and vehicle performance. However, the high costs associated with integrating torque vectoring systems into vehicles, coupled with supply chain disruptions caused by global events such as the COVID-19 pandemic and the Russia-Ukraine conflict, present challenges to the market's growth. Despite these challenges, the torque vectoring market is poised for significant growth, supported by favorable government policies promoting the adoption of electric and hybrid vehicles and continued innovation in automotive technologies. The market's future is further bolstered by increasing consumer demand for vehicles that offer superior driving dynamics and safety features, positioning torque vectoring as a critical component in modern automotive design.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The Asia-Pacific region is the fastest-growing and dominating region in the global torque vectoring market. This growth is primarily driven by the increasing demand for advanced automotive technologies in countries like China, Japan, and South Korea, which are major automotive manufacturing hubs. The rising adoption of electric and hybrid vehicles, which often incorporate torque vectoring systems to enhance performance and handling, further fuels market growth in this region. Additionally, the region's expanding middle class and increasing disposable incomes are leading to higher sales of premium vehicles that are equipped with torque vectoring systems. Government regulations and incentives promoting the adoption of electric vehicles also play a significant role in driving the market in Asia-Pacific.

Major market player included in this report are:
Univance Corporation
GKN Automotive Limited
Continental AG
Bosch Ltd.
JTEKT Corporation
BorgWarner
Eaton Corporation
ZF Friedrichshafen AG
Dana Incorporated
American Axle & Manufacturing, Inc.
Schaeffler Group
Ricardo plc
Mitsubishi Electric Corporation
Eaton Corporation
Hyundai Mobis Co., Ltd.
The detailed segments and sub-segment of the market are explained below:
By Clutch Actuation Type:
Hydraulic Clutch
Electronic Clutch
By Vehicle Type:
Light Commercial Vehicles
Heavy Commercial Vehicles
Passenger Car
By Propulsion:
Front Wheel Drive (FWD)
Rear Wheel Drive (RWD)
All Wheel Drive/Four Wheel Drive (AWD/4WD)
By Technology:
Active Torque Vectoring System (ATVS)
Passive Torque Vectoring System (PTVS)
By Region:
North America
U.S.
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.