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Automotive Torque Converter Market Share

Report ID: GMI10976
Published Date: Aug 2024
Report Format: PDF

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Automotive Torque Converter Market Share

In the automotive torque converter industry, ZF Friedrichshafen AG, Continental AG and Voith GmbH & Co. collectively hold a significant market share of around 35%. These leading manufacturers focus on developing advanced torque converters that enhance vehicle performance, fuel efficiency, and driving comfort. They leverage state-of-the-art technologies to produce torque converters with improved durability and compatibility with modern transmission systems.

The industry is seeing a shift towards new, non-remanufactured solutions that offer superior longevity and reliability, reflecting a broader trend towards high-performance components. Additionally, advancements in torque converters are being tailored to support emerging technologies such as hybrid and electric vehicles. Through ongoing research and strategic initiatives, these companies are shaping the future of automotive torque converters and contributing to overall advancements in vehicle technology.

Automotive Torque Converter Market Companies

Major players operating in the automotive torque converter industry are:

ZF Friedrichshafen AG
Aisin Seiki Corporation
BorgWarner Inc.
Continental AG
Valeo Group
Schaeffler Technologies AG & Co.
Delphi Technologies
Voith GmbH & Co.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive torque converter reached USD 6.2 billion in 2023 and is set to register 5% CAGR between 2024 and 2032, led by rising disposable incomes, urbanization, and increased vehicle ownership.

The OEMs segment held over 78% of the market share in 2023, attributed to the increasing integration of advanced torque converters in new vehicle models.

Asia Pacific market accounted for 38% revenue share in 2023, due to its expansive automotive manufacturing base and surging vehicle demand.

ZF Friedrichshafen AG, Aisin Seiki Corporation, BorgWarner Inc., Continental AG, Valeo Group, Schaeffler Technologies AG & Co., Delphi Technologies, and Voith GmbH & Co.