Automotive Torque Converter Market

The global Automotive Torque Converter market was valued at 559.03 Million USD in 2021 and will grow with a CAGR of .19% from 2021 to 2027, based on Research newly published report.

The prime objective of Automotive Torque Converter Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Automotive Torque Converter Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Automotive torque converter is a fluid coupling that functions as a means of transferring power from the engine to the transmission.An automotive torque converter is comprised of an impeller, turbine, stator, and front cover, these parts work in conjunction with one another to transfer power from the engine to the transmission by swirling fluid around. The impeller, which is sometimes referred to as the pump, is welded to the front cover, is not physically connected to the turbine, which drives the input shaft on the transmission. The front cover is bolted to the flex plate, and as it rotates the impeller, the increasing velocity of the transmission fluid transmits power to the turbine and transmission input shaft. The main consumption regions are concentrated in the Japan & Korea, China and North American. The Automotive Torque Converter`s consumption has great relationship with the local economical developed level and automotive type, the production of AT and CVT has great relationship with the consumption of torque converter.

By Market Verdors:

• Company A
• Company B

By Types:

• Single-stage Torque Converter
• Multistage Torque Converter

By Applications:

• Automatic Transmission (AT)
• Continuously Variable Transmission (CVT)

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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