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Global Torque Converter Market size is projected to reach US$ 10.15 Bn. by end of 2026, at a CAGR of 5.5%.
Global Torque Converter Market Overview:
The Global Torque Converter market: analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Global Torque Converter Market, as well as the causes for variances in the industry's growth in different regions.
Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
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Segmentetion:
Global Torque Converter Market, By Automatic Transmission Type
• AMT (Automated manual Transmission)
• DCT (Dual-Clutch Transmission)
• CVT (continuously variable transmission)
Global Torque Converter Market, By Technique
• Electromagnetic Torque converter
• Hydraulic torque converters
• Twin Disc Torque Converters
• Allison Torque Converters
• Manitowoc Torque Converters
• Clark Torque Converters
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Global Torque Converter market are as follows:
• EXEDY Corporation
• Schaeffler Technologies AG & Co. KG.
• Yutaka Giken Company Limited
• Dana Holding Corporation
• Diemolding Corporation
• Exedy America Corporation
• General Motors Corporation
• Gibbs Die Casting Corporation
• Kay Manufacturing Company
• LuK USA, LLC
• Magna International, Inc.
• PMG Corporation
• Raybestos Powertrain, LLC
• Skyway Precision, Inc.
• Sumitomo Bakelite North America, Inc.
• The Timken Corporation
• TransForm Automotive, LLC
• ZF North America, Inc.
• Valeo
• ZF Friedrichshafen AG
• Dynamic Manufacturing
• Aisin
• Precision Industries
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Global Torque Converter market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Global Torque Converter Market:
End-user industries where Global Torque Converter are utilised saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Global Torque Converter manufacturers, influencing the development of the Global Torque Converter market in 2020. End-user business demand for Global Torque Converter has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
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Key Questions Answered in the Global Torque Converter Market Report are:
- In 2021, which segment held the highest proportion of the Global Torque Converter market?
- What is the Global Torque Converter market's competitive landscape?
- What are the primary drivers assisting Global Torque Converter market growth?
- Which region has the most market share in the Global Torque Converter market?
- What will be the Global Torque Converter market's CAGR throughout the projected period (2022-2027)
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