Global Torque Converter Market Size & Outlook, 2024-2030
Global torque converter market, 2018-2030 (US$M)
Global torque converter market highlights
- The global torque converter market generated a revenue of USD 7,320.0 million in 2023 and is expected to reach USD 10,197.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.9% by 2030.
- In terms of segment, passenger vehicle accounted for a revenue of USD 7,320.0 million in 2023.
- Passenger Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 7,320.0 million |
| Market revenue in 2030 | USD 10,197.7 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Passenger Vehicle |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passenger Vehicle |
Other key industry trends
- In terms of revenue, the North America accounted for 17.8% of the global torque converter market in 2023.
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Torque Converter Market Scope
Torque Converter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global torque converter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to torque converter market will help companies and investors design strategic landscapes.
Passenger vehicle was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Global torque converter market based on passenger vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Torque Converter Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
- Passenger Vehicle
- Commercial Vehicle
- Global Torque Converter Transmission Type Outlook (Revenue, USD Million, 2018-2030)
- Automatic
- CVT
- DVT
- Global Torque Converter Component Outlook (Revenue, USD Million, 2018-2030)
- Clutch plate
- Damper
- Impeller
- Turbine
- Others
- Global Torque Converter End Use Outlook (Revenue, USD Million, 2018-2030)
- Aftermarket
- OEM
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Target buyers of Global torque converter market databook
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Our clientele includes a mix of torque converter market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global torque converter market , including forecasts for subscribers. This global databook contains high-level insights into Global torque converter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global torque converter market size, by regions, 2018-2030 (US$M)
Top 10 countries: Torque converter market size, 2024 (US$M)
Global torque converter market share, by vehicle type, 2024 & 2030 (%, US$M)
Torque converter market: Opportunity assessment by country
Global torque converter market, by region, 2024 (US$M)
| Vehicle Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,324.9 | 1,309.0 | 1,226.1 | 1,259.9 | 1,281.2 | 1,303.6 | 1,336.7 | 1,387.3 | 1,444.4 | 1,506.6 | 1,575.2 | 1,648.7 | 1,727.2 | 4.4% |
| Europe | 1,753.0 | 1,737.8 | 1,616.0 | 1,651.1 | 1,674.9 | 1,727.9 | 1,789.6 | 1,869.4 | 1,953.0 | 2,038.0 | 2,130.1 | 2,231.6 | 2,342.3 | 4.6% |
| Asia Pacific | 2,989.8 | 3,013.7 | 2,924.8 | 3,040.5 | 3,136.9 | 3,260.7 | 3,400.3 | 3,580.3 | 3,770.2 | 3,966.9 | 4,183.0 | 4,423.0 | 4,685.8 | 5.5% |
| Latin America | 376.6 | 379.2 | 349.4 | 357.5 | 364.6 | 373.4 | 385.2 | 402.3 | 421.5 | 442.3 | 465.2 | 489.7 | 516.1 | 5.0% |
| MEA | 601.8 | 606.3 | 575.4 | 618.1 | 635.4 | 654.5 | 678.2 | 710.9 | 747.3 | 786.3 | 829.3 | 875.9 | 926.3 | 5.3% |
| Overall | 7,046.0 | 7,046.0 | 6,691.6 | 6,927.1 | 7,093.1 | 7,320.0 | 7,590.0 | 7,950.3 | 8,336.5 | 8,740.1 | 9,182.6 | 9,668.9 | 10,197.7 | 5.1% |
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