Automotive Torque Converter Market
Automotive Torque Converter Market Forecasts to 2030 - Global Analysis By Component (Impeller, Turbine and Other Components), Transmission Type (Automatic Transmission, Dual Clutch Transmission and Other Transmission Types), Vehicle Type, Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $8.12 BN |
|
Projected Year Value (2030) |
US $12.86 BN |
|
CAGR (2023 - 2030) |
7.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Automotive Torque Converter Market is accounted for $8.12 billion in 2023 and is expected to reach $12.86 billion by 2030 growing at a CAGR of 7.8% during the forecast period. An automotive torque converter is a vital component in automatic transmission systems, enabling smooth power delivery from the engine to the transmission. It operates by utilizing fluid dynamics to transmit torque, allowing the engine to continue running while the vehicle is stationary or in motion. The torque converter consists of three main elements: the impeller, turbine, and stator, which work together to transfer power efficiently. The torque converter plays a crucial role in ensuring smooth acceleration, efficient power transfer, and improved fuel economy in automatic vehicles.
Market Dynamics:
Driver:
Growing preference for fuel efficiency
The growing preference for fuel efficiency is a significant driver of the automotive torque converter market due to its direct impact on overall vehicle performance and economy. As consumers and regulators prioritize environmental concerns and fuel costs, automakers are compelled to enhance the efficiency of their vehicles. Advancements in torque converter technology, such as lock-up clutches and optimized designs, enable better power transfer and reduced energy loss, thereby improving fuel efficiency. Consequently, manufacturers are increasingly integrating advanced torque converter systems into their vehicles to meet stringent fuel economy standards and satisfy consumer demands for more economical driving options.
Restraint:
Increasing shift towards electric vehicles (EVs)
The increasing shift towards electric vehicles (EVs) poses a significant restraint. Unlike traditional internal combustion engine vehicles, electric vehicles do not require torque converters as they utilize electric motors for propulsion, rendering the traditional transmission components obsolete. This shift diminishes the demand for torque converters in the automotive sector, impacting the market adversely. As EV adoption continues to rise, the automotive torque converter market faces the challenge of adapting to the changing landscape by diversifying its product offerings or exploring alternative markets to sustain growth.
Opportunity:
Integration with automated driving systems
Torque converters which are traditionally vital in transmitting power from the engine to the transmission, now find enhanced relevance in automated driving setups. As vehicles shift towards autonomy, torque converters can aid seamless transitions between acceleration, deceleration, and coasting phases, ensuring smoother operation of automated driving systems. Additionally, torque converters can contribute to energy efficiency and optimized power delivery, which are crucial in the context of autonomous vehicles' energy management and performance requirements. This integration aligns with the evolving needs of the automotive industry, marking torque converters as pivotal components in the transition towards autonomous driving technology.
Threat:
Shift towards dual-clutch transmissions
Supply chain disruptions usually happen due to interruptions or delays in the flow of materials, components, or finished products throughout the supply chain. These disruptions can be caused by various factors, such as natural disasters, geopolitical issues, or global health crises, impacting the availability and timely delivery of critical components. The prices of materials like steel, aluminum, and precious metals used in torque converter manufacturing can fluctuate due to factors such as market demand, supply chain constraints, or geopolitical tensions, thereby impacting profitability and pricing strategies within the industry.
Covid-19 Impact:
Due to widespread lockdowns and economic uncertainties, vehicle production and sales plummeted globally, leading to a decline in demand for torque converters. Supply chain disruptions and manufacturing shutdowns further exacerbated the situation, causing delays in production and distribution. As consumer spending and automotive industry investment stalled, the market witnessed reduced investments in research and development of torque converter technologies. However, with a gradual economic recovery and increased emphasis on vehicle electrification, the market is expected to rebound, albeit with a shift towards hybrid and electric vehicle technologies.
The impeller segment is expected to be the largest during the forecast period
The impeller segment in the automotive torque converter market has experienced significant growth due to advancements in automotive technology which have led to the demand for more efficient and durable torque converters, where impellers play a crucial role. Rising consumer preference for smoother driving experiences has led to a surge in the adoption of automatic transmissions, fueling impeller segment growth. Moreover, stringent fuel efficiency regulations have pushed automakers to focus on optimizing power transmission systems, enhancing the importance of high-quality impellers.
The dual clutch transmission segment is expected to have the highest CAGR during the forecast period
The growth of the dual clutch transmission (DCT) segment can be attributed to several factors. DCT offers quicker gear shifts and improved fuel efficiency compared to traditional automatic transmissions, appealing to consumers seeking enhanced driving performance. Advancements in DCT technology have led to smoother operation and increased durability, further driving its adoption. As automotive manufacturers focus on meeting stringent emissions regulations, DCTs provide a viable solution for optimizing power delivery and reducing carbon emissions. Additionally, the growing demand for hybrid and electric vehicles has spurred the development of DCT systems tailored to these platforms, expanding the market reach.
Region with largest share:
The North American region has experienced steady growth in the automotive torque converter market due to an increasing demand for automatic transmission vehicles. Advancements in automotive technologies have led to the development of more efficient and durable torque converters, appealing to consumers and manufacturers alike. Additionally, a growing automotive aftermarket sector in North America has further propelled the market with a rising number of torque converter replacements and upgrades. The region's robust automotive industry infrastructure and significant investments in research and development have facilitated market expansion. Lastly, evolving environmental regulations driving the demand for fuel-efficient vehicles have spurred innovations in torque converter technology.
Region with highest CAGR:
The Asia-Pacific region has experienced significant growth in the automotive torque converter market due to rising automotive production in countries like China, India, and Japan which has spurred demand for torque converters. Additionally, increasing disposable incomes and urbanization have fuelled the demand for passenger vehicles, further driving market growth. Advancements in technology and the emergence of electric vehicles have also contributed to the expansion of the torque converter market, as manufacturers strive to improve transmission efficiency. These factors combined have propelled the Asia-Pacific region to become a prominent player in the global automotive torque converter market, with sustained growth anticipated in the coming years.
Key players in the market
Some of the key players in Automotive Torque Converter market include Aisin Seiki Corporation, BorgWarner Inc., Continental AG, Delphi Technologies, Exedy Corporation, Isuzu Motors Ltd., Jatco Ltd, Schaeffler Technologies AG & Co. Kg, Sonnax Transmission Company, Inc., Subaru Corporation, Transtar Industries, Valeo Group, Voith Gmbh & Co. and ZF Friedrichshafen AG.
Key Developments:
In March 2024, Valeo marked a significant milestone with the official opening of its state-of-the-art manufacturing plant in Daegu, Korea. The new facility, a result of a $56 million investment agreement signed with the Daegu Metropolitan Government in July 2022, underscores Valeo's commitment to mass-produce Advanced Driver Assistance Systems (ADAS) components. Construction of the greenfield plant commenced in March 2023, with operations slated to begin in early 2025.
In March 2024, Japanese carmaker Isuzu has announced that it will unveil its first-ever D-Max electric at the 45th Bangkok International Motor Show. This new electric D-Max will get a 1.0-tonne payload, 3.5-tonne towing capacity, and a full-time 4WD system.The prototype of the vehicle will be showcased to the public at the Motor Show from 27 March to 7 April, 2024.
Components Covered:
• Impeller
• Turbine
• Clutch Plate
• Damper
• Stator
• Other Components
Transmission Types Covered:
• Automatic Transmission
• Dual Clutch Transmission
• Continuously Variable Transmission
• Other Transmission Types
Vehicle Types Covered:
• Hybrid Electric Vehicle
• Plug-In Hybrid Electric Vehicle
• Other Applications
Applications Covered:
• Commercial Vehicle
• Passenger Vehicle
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Torque Converter Market, By Component
5.1 Introduction
5.2 Impeller
5.3 Turbine
5.4 Clutch Plate
5.5 Damper
5.6 Stator
5.7 Other Components
6 Global Automotive Torque Converter Market, By Transmission Type
6.1 Introduction
6.2 Automatic Transmission
6.3 Dual Clutch Transmission
6.4 Continuously Variable Transmission
6.5 Other Transmission Types
7 Global Automotive Torque Converter Market, By Vehicle Type
7.1 Introduction
7.2 Hybrid Electric Vehicle
7.3 Plug-In Hybrid Electric Vehicle
8 Global Automotive Torque Converter Market, By Application
8.1 Introduction
8.2 Commercial Vehicle
8.3 Passenger Vehicle
8.4 Other Applications
9 Global Automotive Torque Converter Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Aisin Seiki Corporation
11.2 BorgWarner Inc.
11.3 Continental AG
11.4 Delphi Technologies
11.5 Exedy Corporation
11.6 Isuzu Motors Ltd.
11.7 Jatco Ltd
11.8 Schaeffler Technologies AG & Co. Kg
11.9 Sonnax Transmission Company, Inc.
11.10 Subaru Corporation
11.11 Transtar Industries
11.12 Valeo Group
11.13 Voith Gmbh & Co.
11.14 ZF Friedrichshafen AG
List of Tables
1 Global Automotive Torque Converter Market Outlook, By Region (2021-2030) ($MN)
2 Global Automotive Torque Converter Market Outlook, By Component (2021-2030) ($MN)
3 Global Automotive Torque Converter Market Outlook, By Impeller (2021-2030) ($MN)
4 Global Automotive Torque Converter Market Outlook, By Turbine (2021-2030) ($MN)
5 Global Automotive Torque Converter Market Outlook, By Clutch Plate (2021-2030) ($MN)
6 Global Automotive Torque Converter Market Outlook, By Damper (2021-2030) ($MN)
7 Global Automotive Torque Converter Market Outlook, By Stator (2021-2030) ($MN)
8 Global Automotive Torque Converter Market Outlook, By Other Components (2021-2030) ($MN)
9 Global Automotive Torque Converter Market Outlook, By Transmission Type (2021-2030) ($MN)
10 Global Automotive Torque Converter Market Outlook, By Automatic Transmission (2021-2030) ($MN)
11 Global Automotive Torque Converter Market Outlook, By Dual Clutch Transmission (2021-2030) ($MN)
12 Global Automotive Torque Converter Market Outlook, By Continuously Variable Transmission (2021-2030) ($MN)
13 Global Automotive Torque Converter Market Outlook, By Other Transmission Types (2021-2030) ($MN)
14 Global Automotive Torque Converter Market Outlook, By Vehicle Type (2021-2030) ($MN)
15 Global Automotive Torque Converter Market Outlook, By Hybrid Electric Vehicle (2021-2030) ($MN)
16 Global Automotive Torque Converter Market Outlook, By Plug-In Hybrid Electric Vehicle (2021-2030) ($MN)
17 Global Automotive Torque Converter Market Outlook, By Application (2021-2030) ($MN)
18 Global Automotive Torque Converter Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
19 Global Automotive Torque Converter Market Outlook, By Passenger Vehicle (2021-2030) ($MN)
20 Global Automotive Torque Converter Market Outlook, By Other Applications (2021-2030) ($MN)
21 North America Automotive Torque Converter Market Outlook, By Country (2021-2030) ($MN)
22 North America Automotive Torque Converter Market Outlook, By Component (2021-2030) ($MN)
23 North America Automotive Torque Converter Market Outlook, By Impeller (2021-2030) ($MN)
24 North America Automotive Torque Converter Market Outlook, By Turbine (2021-2030) ($MN)
25 North America Automotive Torque Converter Market Outlook, By Clutch Plate (2021-2030) ($MN)
26 North America Automotive Torque Converter Market Outlook, By Damper (2021-2030) ($MN)
27 North America Automotive Torque Converter Market Outlook, By Stator (2021-2030) ($MN)
28 North America Automotive Torque Converter Market Outlook, By Other Components (2021-2030) ($MN)
29 North America Automotive Torque Converter Market Outlook, By Transmission Type (2021-2030) ($MN)
30 North America Automotive Torque Converter Market Outlook, By Automatic Transmission (2021-2030) ($MN)
31 North America Automotive Torque Converter Market Outlook, By Dual Clutch Transmission (2021-2030) ($MN)
32 North America Automotive Torque Converter Market Outlook, By Continuously Variable Transmission (2021-2030) ($MN)
33 North America Automotive Torque Converter Market Outlook, By Other Transmission Types (2021-2030) ($MN)
34 North America Automotive Torque Converter Market Outlook, By Vehicle Type (2021-2030) ($MN)
35 North America Automotive Torque Converter Market Outlook, By Hybrid Electric Vehicle (2021-2030) ($MN)
36 North America Automotive Torque Converter Market Outlook, By Plug-In Hybrid Electric Vehicle (2021-2030) ($MN)
37 North America Automotive Torque Converter Market Outlook, By Application (2021-2030) ($MN)
38 North America Automotive Torque Converter Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
39 North America Automotive Torque Converter Market Outlook, By Passenger Vehicle (2021-2030) ($MN)
40 North America Automotive Torque Converter Market Outlook, By Other Applications (2021-2030) ($MN)
41 Europe Automotive Torque Converter Market Outlook, By Country (2021-2030) ($MN)
42 Europe Automotive Torque Converter Market Outlook, By Component (2021-2030) ($MN)
43 Europe Automotive Torque Converter Market Outlook, By Impeller (2021-2030) ($MN)
44 Europe Automotive Torque Converter Market Outlook, By Turbine (2021-2030) ($MN)
45 Europe Automotive Torque Converter Market Outlook, By Clutch Plate (2021-2030) ($MN)
46 Europe Automotive Torque Converter Market Outlook, By Damper (2021-2030) ($MN)
47 Europe Automotive Torque Converter Market Outlook, By Stator (2021-2030) ($MN)
48 Europe Automotive Torque Converter Market Outlook, By Other Components (2021-2030) ($MN)
49 Europe Automotive Torque Converter Market Outlook, By Transmission Type (2021-2030) ($MN)
50 Europe Automotive Torque Converter Market Outlook, By Automatic Transmission (2021-2030) ($MN)
51 Europe Automotive Torque Converter Market Outlook, By Dual Clutch Transmission (2021-2030) ($MN)
52 Europe Automotive Torque Converter Market Outlook, By Continuously Variable Transmission (2021-2030) ($MN)
53 Europe Automotive Torque Converter Market Outlook, By Other Transmission Types (2021-2030) ($MN)
54 Europe Automotive Torque Converter Market Outlook, By Vehicle Type (2021-2030) ($MN)
55 Europe Automotive Torque Converter Market Outlook, By Hybrid Electric Vehicle (2021-2030) ($MN)
56 Europe Automotive Torque Converter Market Outlook, By Plug-In Hybrid Electric Vehicle (2021-2030) ($MN)
57 Europe Automotive Torque Converter Market Outlook, By Application (2021-2030) ($MN)
58 Europe Automotive Torque Converter Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
59 Europe Automotive Torque Converter Market Outlook, By Passenger Vehicle (2021-2030) ($MN)
60 Europe Automotive Torque Converter Market Outlook, By Other Applications (2021-2030) ($MN)
61 Asia Pacific Automotive Torque Converter Market Outlook, By Country (2021-2030) ($MN)
62 Asia Pacific Automotive Torque Converter Market Outlook, By Component (2021-2030) ($MN)
63 Asia Pacific Automotive Torque Converter Market Outlook, By Impeller (2021-2030) ($MN)
64 Asia Pacific Automotive Torque Converter Market Outlook, By Turbine (2021-2030) ($MN)
65 Asia Pacific Automotive Torque Converter Market Outlook, By Clutch Plate (2021-2030) ($MN)
66 Asia Pacific Automotive Torque Converter Market Outlook, By Damper (2021-2030) ($MN)
67 Asia Pacific Automotive Torque Converter Market Outlook, By Stator (2021-2030) ($MN)
68 Asia Pacific Automotive Torque Converter Market Outlook, By Other Components (2021-2030) ($MN)
69 Asia Pacific Automotive Torque Converter Market Outlook, By Transmission Type (2021-2030) ($MN)
70 Asia Pacific Automotive Torque Converter Market Outlook, By Automatic Transmission (2021-2030) ($MN)
71 Asia Pacific Automotive Torque Converter Market Outlook, By Dual Clutch Transmission (2021-2030) ($MN)
72 Asia Pacific Automotive Torque Converter Market Outlook, By Continuously Variable Transmission (2021-2030) ($MN)
73 Asia Pacific Automotive Torque Converter Market Outlook, By Other Transmission Types (2021-2030) ($MN)
74 Asia Pacific Automotive Torque Converter Market Outlook, By Vehicle Type (2021-2030) ($MN)
75 Asia Pacific Automotive Torque Converter Market Outlook, By Hybrid Electric Vehicle (2021-2030) ($MN)
76 Asia Pacific Automotive Torque Converter Market Outlook, By Plug-In Hybrid Electric Vehicle (2021-2030) ($MN)
77 Asia Pacific Automotive Torque Converter Market Outlook, By Application (2021-2030) ($MN)
78 Asia Pacific Automotive Torque Converter Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
79 Asia Pacific Automotive Torque Converter Market Outlook, By Passenger Vehicle (2021-2030) ($MN)
80 Asia Pacific Automotive Torque Converter Market Outlook, By Other Applications (2021-2030) ($MN)
81 South America Automotive Torque Converter Market Outlook, By Country (2021-2030) ($MN)
82 South America Automotive Torque Converter Market Outlook, By Component (2021-2030) ($MN)
83 South America Automotive Torque Converter Market Outlook, By Impeller (2021-2030) ($MN)
84 South America Automotive Torque Converter Market Outlook, By Turbine (2021-2030) ($MN)
85 South America Automotive Torque Converter Market Outlook, By Clutch Plate (2021-2030) ($MN)
86 South America Automotive Torque Converter Market Outlook, By Damper (2021-2030) ($MN)
87 South America Automotive Torque Converter Market Outlook, By Stator (2021-2030) ($MN)
88 South America Automotive Torque Converter Market Outlook, By Other Components (2021-2030) ($MN)
89 South America Automotive Torque Converter Market Outlook, By Transmission Type (2021-2030) ($MN)
90 South America Automotive Torque Converter Market Outlook, By Automatic Transmission (2021-2030) ($MN)
91 South America Automotive Torque Converter Market Outlook, By Dual Clutch Transmission (2021-2030) ($MN)
92 South America Automotive Torque Converter Market Outlook, By Continuously Variable Transmission (2021-2030) ($MN)
93 South America Automotive Torque Converter Market Outlook, By Other Transmission Types (2021-2030) ($MN)
94 South America Automotive Torque Converter Market Outlook, By Vehicle Type (2021-2030) ($MN)
95 South America Automotive Torque Converter Market Outlook, By Hybrid Electric Vehicle (2021-2030) ($MN)
96 South America Automotive Torque Converter Market Outlook, By Plug-In Hybrid Electric Vehicle (2021-2030) ($MN)
97 South America Automotive Torque Converter Market Outlook, By Application (2021-2030) ($MN)
98 South America Automotive Torque Converter Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
99 South America Automotive Torque Converter Market Outlook, By Passenger Vehicle (2021-2030) ($MN)
100 South America Automotive Torque Converter Market Outlook, By Other Applications (2021-2030) ($MN)
101 Middle East & Africa Automotive Torque Converter Market Outlook, By Country (2021-2030) ($MN)
102 Middle East & Africa Automotive Torque Converter Market Outlook, By Component (2021-2030) ($MN)
103 Middle East & Africa Automotive Torque Converter Market Outlook, By Impeller (2021-2030) ($MN)
104 Middle East & Africa Automotive Torque Converter Market Outlook, By Turbine (2021-2030) ($MN)
105 Middle East & Africa Automotive Torque Converter Market Outlook, By Clutch Plate (2021-2030) ($MN)
106 Middle East & Africa Automotive Torque Converter Market Outlook, By Damper (2021-2030) ($MN)
107 Middle East & Africa Automotive Torque Converter Market Outlook, By Stator (2021-2030) ($MN)
108 Middle East & Africa Automotive Torque Converter Market Outlook, By Other Components (2021-2030) ($MN)
109 Middle East & Africa Automotive Torque Converter Market Outlook, By Transmission Type (2021-2030) ($MN)
110 Middle East & Africa Automotive Torque Converter Market Outlook, By Automatic Transmission (2021-2030) ($MN)
111 Middle East & Africa Automotive Torque Converter Market Outlook, By Dual Clutch Transmission (2021-2030) ($MN)
112 Middle East & Africa Automotive Torque Converter Market Outlook, By Continuously Variable Transmission (2021-2030) ($MN)
113 Middle East & Africa Automotive Torque Converter Market Outlook, By Other Transmission Types (2021-2030) ($MN)
114 Middle East & Africa Automotive Torque Converter Market Outlook, By Vehicle Type (2021-2030) ($MN)
115 Middle East & Africa Automotive Torque Converter Market Outlook, By Hybrid Electric Vehicle (2021-2030) ($MN)
116 Middle East & Africa Automotive Torque Converter Market Outlook, By Plug-In Hybrid Electric Vehicle (2021-2030) ($MN)
117 Middle East & Africa Automotive Torque Converter Market Outlook, By Application (2021-2030) ($MN)
118 Middle East & Africa Automotive Torque Converter Market Outlook, By Commercial Vehicle (2021-2030) ($MN)
119 Middle East & Africa Automotive Torque Converter Market Outlook, By Passenger Vehicle (2021-2030) ($MN)
120 Middle East & Africa Automotive Torque Converter Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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