Automotive Torque Converter Market Analysis & Forecast 2024-2030

Automotive Torque Converter Market by Component (Clutch Plate, Damper, Impeller, Turbine, and Stator) by Application (Automatic Transmission (AT), Continuously Variable Transmission (CVT), and Dual-Clutch Transmission (DCT)) by Industry Analysis, Volume, Share, Growth, Challenges, Trends and Forecast. 2024-2030, Regional Outlook ( North America, Europe, Asia-Pacific, Middle-East, Africa)

Report Code: PSMR- 7086          Category: Automotive & Transportation          Region :  Global         Report Format :                  

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     Table of Contents

    Global Automotive Torque Converter Market is expected to reach USD 13619.94 million by 2030 with CAGR of 5.4% between 2024 and 2030

    A torque converter can be recognized as a device which acts as a link between the transmission and the engine, letting a vehicle engine to spin separately from the transmission. The growth in the manufacture of automatic transmission (AT) vehicles has directed to vision opportunities for torque converter market over the forecast period for its advantage of reduced use of clutches ensuing to more ease in gear shifts. Thus, the global market place for torque converters in automobile is expected to grow temperately during the forecast period. Such ease in driving is likely to attract more buyers globally for vehicles that have automatic transmission systems.  

    Automotive Torque Converter Market

    Other benefits such as less-skill requirements, high-efficiency, ease in driving and lesser records of accidents are some of the factors to opt for automatic transmission systems in medium and heavy duty passenger vehicles and trucks. Therefore, it is expected to observe sturdy growth in torque converter market over the forecast period. Also manufacturers are inclining towards optimizing torque converters to enhance its technology and operating efficiency by reducing weight and size of torque converter, better lock up range, automated manufacturing processes and other. Such emerging procedures in manufacture of torque converter are expected to show solid evolution in torque converter market during the forecast period.  

    The study covers a detailed analysis, growth and forecast of the Automotive Torque Converter Market. The report includes market analysis on global and regional level. The study covers historical data analysis from 2018 to 2023 and market forecast for 2024 to 2030 based on revenue generated. The study includes market value in terms of revenue in million USD for years 2018-2030 and compound annual growth rate (CAGR) in % from 2024 to 2030. The market is expected to show constant growth between 2024 to 2030.  

    The report comprises value chain analysis for each of the product segments. Value chain analysis offers in-depth information about value addition at each stage. The study includes drivers and restraints for Automotive Torque Converter Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Our study Automotive Torque Converter Market helps users to make precise decision to expand their market presence and increase market share.  

    The report provides Automotive Torque Converter Market Dynamics, includes industry growth drivers, challenges, opportunities, risk, constraints as well as threats. Report also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of Automotive Torque Converter Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.  

    Global Automotive Torque Converter Market: Component

    • Clutch Plate
    • Damper
    • Impeller
    • Turbine
    • Stator

    Global Automotive Torque Converter Market: Application

    • Automatic Transmission (AT)
    • Continuously Variable Transmission (CVT)
    • Dual-Clutch Transmission (DCT)

    Global Automotive Torque Converter Market: Competitive Analysis

    Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Automotive Torque Converter Market:

    • EXEDY
    • Schaeffler
    • ZF
    • Valeo
    • Kapec
    • Aisin AW
    • BorgWarner
    • Jatco
    • Yutaka Technologies
    • Allison Transmission
    • Punch
    • Aerospace Power Hi-tech
    • Hongyu

    Geographical analysis of Global Automotive Torque Converter Market:

    • North America
      • U.S.A.
      • Canada
    • Europe
      • France
      • Germany
      • Spain
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South East Asia
    • Latin America
      • Brazil
    • Middle East and Africa

    Global Automotive Torque Converter Market Report delivers a comprehensive analysis of the following parameters:

    • Market Forecast for 2024-2030
    • Market growth drivers
    • Challenges and Opportunities
    • Emerging and Current market trends
    • Market player Capacity, Production, Revenue (Value)
    • Supply (Production), Consumption, Export, Import analysis
    • End user/application Analysis

    Report Coverage

    Parameters Details

    Base Year


    Historical Data


    Forecast Data


    Base Year Value (2023)

    USD 9425.21 million

    Forecast Value (2030)

    USD 13619.94 million

    CAGR (2022 to 2028)

    5.4 %

    Regional Scope

    North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

    Frequently Asked Questions (FAQ)

    Automotive Torque Converter Market was valued at around USD 9425.21 million in 2023 & estimated to reach USD 13619.94 million by 2030.

    Automotive Torque Converter Market is likely to grow at compounded annual growth rate (CAGR) of 5.4% between 2024 to 2030.

    Yes, the report includes COVID 19 impact on the market.

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