Torque Converter Market: Introduction
A torque converter can be identified as a device which acts as a link between the transmission and the engine, allowing a vehicle engine to spin separately from the transmission. The increase in the manufacture of automatic transmission (AT) vehicles has led to sight opportunities for torque converter market over the forecast period for its benefit of reduced use of clutches resulting to more ease in gear shifts.
Thus, the global market place for torque converters in automobile is expected to grow temperately during the forecast period. Such convenience in driving is expected to attract more buyers globally for vehicles that have automatic transmission systems. Other benefits such as less-skill requirements, high-efficiency, ease in driving and lesser records of accidents are some of the factors to opt for automatic transmission systems in medium and heavy duty passenger vehicles and trucks. Thus it is anticipated to observe sturdy growth in torque converter market over the forecast period.
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Also manufacturers are inclining towards optimizing torque converters to enhance its technology and operating efficiency by reducing weight and size of torque converter, better lock up range, automated manufacturing processes and other. Such emerging methodologies in manufacture of torque converter are expected to show solid evolution in torque converter market during the forecast period.
FACTS AT A GLANCE
Companies: Meritor, Inc.,Hendrickson Corporation,BPW Group,SAF-Holland S.A,Guangdong Fuwa Engineering Group Co., Ltd.,Schmitz Cargobull,Gigant – Trenkamp & Gehle GmbH,Guangzhou TND Axle Co., Ltd.,Redneck Trailer Supplies,JOST Axle Systems,York Transport Equipment (Asia) Pte Ltd.,H D TRAILERS PVT LTD,Rogers Willex,Dexter Axle Company
Coverage: All major geographies and key segments
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Segments: Trailer Axle Market Segmented By Modular Trailer, Snowmobile Trailer Axle with Capacity of 8000 to Above 15,000 Tones
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Torque Converter Market: Drivers and challenges
One of the prominent factor that aids in the growth of torque converter market during the forecast period is the recent advancement in powertrain mechanism The powertrain consists of the transmission, engine and the drivetrain of an vehicle where its primary function is to run power to the vehicle. Such recent development in powertrain mechanism has facilitated manufacturers in developing transmission systems which results into driving torque converter market.
Majority of customers preferring luxurious and premium vehicles with automatic transmission systems fitted with torque converters for its effortless driving and reduced efforts over the jammed stop and go driving conditions. Also smaller vehicles are expected to show rise in demand for torque converter market during the forecast period. Moreover increasing use of electronic gadgets in the vehicle would further amplify the growth in torque converter market globally.
However, frequent technical issues associated with torque converters may hinder the scenarios for torque converter market growth in near future. An inoperative torque converter indicates to the difficulties like vehicle shaking, transmission slippages and high-stall speed. Such major challenge could be faced by the torque converter market as cost related to labors for the replacements issues of torque converter is high.
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