Torque Vectoring Market

The global torque vectoring market is consistently growing due to the Increase in demand for premium vehicles and rising demand for off-road vehicle driving market growth across globe. Furthermore, increasing sales of electric vehicles is likely to drive the market throughout the forecast year.

The global torque vectoring market is projected to grow at 13.8% CAGR during the forecast period, 2022–2030. In 2021, the global torque vectoring market was dominated by Asia-Pacific with a 42.8% share, followed by Europe, and North America with shares of 27.8%, and 19.7% respectively, while developing countries such as India and China are projected to showcase substantial growth throughout the forecast period.

The global torque vectoring market has been segmented based on wheel drive, technology, propulsion, vehicle type, application, and region. Based on wheel drive, the global torque vectoring market has been segmented into Front Wheel Drive (FWD), Rear Wheel Drive (RWD), and All-Wheel Drive (AWD). The All-Wheel Drive (AWD) segment is estimated to grow at 14.9% during the forecast period, while in 2021, while it accounted for 43.7% share.

Based on technology, the global torque vectoring market has been segmented into active torque vectoring system and passive torque vectoring system. The passive torque vectoring system is expected to grow at 13.6% during the forecast period. In 2021, the segment held a 57.6% share of the global torque vectoring market.

Based on propulsion, the global torque vectoring market has been segmented into Battery Electric Vehicle (BEV), Hybrid Electric Vehicles (HEVs), and Plug-in Hybrid Electric Vehicles (PHEVs). The Battery Electric Vehicle (BEV) is expected to grow at 13.6% during the forecast period. In 2021, the segment held a 55.7% share of the global torque vectoring market.

Based on vehicle type, the global torque vectoring market has been segmented into passenger cars, and commercial vehicles. The passenger car is expected to grow at 13.5% during the forecast period. In 2021, the segment held a 65.4% share of the global torque vectoring market.

Based on application, the global torque vectoring market has been segmented into on-road and off-road. The on-road segment is expected to grow at 13.5% during the forecast period. In 2021, the segment held a 74.7% share of the global torque vectoring market.