Torque Converter Market Report 2025 (Global Edition)

Global Torque Converter Market Report 2025 Market Size Split by Transmission type (AMT, CVT, DCT), by Component (Clutch Plate, Damper, Impeller, Turbine, Stator), by Vehicle Type (Passenger Car, Comme...

Torque Converter Market Report Description

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Competitive Landscape: Torque Converter Market

Major market participants who are essential in determining consumer preferences and market dynamics have a major impact on the torque converter market. These major players provide consumers with easy access to a vast array of wardrobe options through their extensive retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also increased consumer trust and loyalty. In addition, these industry titans never stop funding R&D, bringing cutting-edge styles, materials, and practical features to clothing wardrobes to meet changing customer demands and preferences. These big players' combined efforts have a big impact on the market's future direction and level of competition.

Top Companies Market Share in Torque Converter Industry: (In no particular order of Rank)

• Schaeffler
• ZF
• Aisin
• Valeo
• Kapec
• Transtar.
• Exedy
• Yutaka Giken
• Borgwarner
• Sonnax Industries
• Hitachi Nico Transmission Co.Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Which Region will dominate the Market in 2024?

North America dominates the market. North America is expected to be the fastest-developing area in the Torque Converter marketplace. Modern torque converter innovations are among the cutting-edge automotive technologies that the region is leading the way in integrating and adopting. The region's rapid growth is aided by the expanding market for electric cars in North America, which frequently have torque converters in their gearboxes. 
The segment market has grown due in large part to rising consumer spending power and a preference for larger cars, especially trucks and SUVs, which has increased torque demand for converter-equipped automatic transmissions. This trend includes off-road and commercial applications in addition to passenger cars.

Which Region is Expanding at the Fastest CAGR?

Due to the rising production of luxury and high-end vehicles and rising demand for small passenger automatic gearbox cars, which has enabled the deployment of torque converter systems in this region, Europe has the second-largest market share for torque converters. In addition, the European market with the biggest market share was the German torque converter market, while the fastest-growing market was the UK torque converter market. 
The automotive industry in the United Kingdom is well-established and prioritizes technological advancements and excellence in manufacturing. It is easier for torque converter manufacturers to serve the home market when there are well-known automakers and suppliers in the area.

The current report Scope analyzes Torque Converter Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Torque Converter Market Analysis

Torque Converter Market Transmission Type Segment Analysis

• AMT
• CVT
• DCT

Based on the transmission type the market is segmented into AMT, CVT., And DCT. From these AMT dominates the market. This technology has become more and more common because it is less expensive than traditional automatic transmissions, particularly in small and entry-level cars. Despite not using torque converters, AMTs' presence in the market has had an impact on the dynamics of the torque converter industry. AMTs have occasionally become popular as torque converter-equipped automatic gearbox substitutes, especially in more affordable car classes. AMT technology attracts customers looking for reasonably priced automatic transmission options because it provides smoother gear shifts and improved fuel efficiency when compared to manual transmissions.
•    For instance, In September 2020, The Skoda Rapid automatic was launched with an automatic transmission with turbo petrol engines in India. The Rapid AMT will compete with the Hyundai Verna turbo DCT, Honda City CVT, and the Toyota Yaris CVT. The only other torque converter automatic happens to be the Maruti Suzuki Ciaz, but then it uses a 4-speed AT.
(Source:https://www.carandbike.com/news/skoda-rapid-turbo-at-vs-hyundai-verna-dct-cvt-vs-volkswagen-vento-at-vs-honda-city-cvt-vs-maruti-suzuki-ciaz-at-price-comparison-2296964)

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Torque Converter Industry. Request a Free Sample PDF!

Torque Converter Market Component Type Segment Analysis

• Clutch Plate
• Damper
• Impeller
• Turbine
• Stator

Based on the components the market is segmented into clutch plate, damper, impeller, turbine, and stator. Among these, the Clutch Plate segment had the highest share in 2024. This is mostly because more and more cars are being sold and produced, and these cars need a lot of clutch plates to transfer torque. Similar to how transmissions in cars transfer engine power to the wheels, heavy industrial equipment like forklifts, tractors, and haulers use transmissions to do the same. To prevent engines from stalling, torque converters and clutches both transfer power from the gearbox. The primary distinctions between them are in their functions and modes of operation. Torque converters enable the engine and gearbox to function independently of one another, whereas clutches connect the two. Torque converters use hydraulic power, whereas clutches use centrifugal force.
•    For instance, the company LuK manufactures more than 2 million clutches as conventional torque converters annually for the automatic transmission market. 
(Source:https://wardsintelligence.informa.com/wi040249/dual-clutch-transmission-manufacturing-rapidly-expanding)

•    For instance, Valeo announced that it had started production of its new dry dual-clutch torque converter for hybrid vehicles. The new torque converter is designed to improve fuel economy and emissions performance - June 2023
(Source:https://www.valeo.com/en/transmission-portfolio/)

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Torque Converter Vehicle Type Segment Analysis

Based on the vehicle type the market is segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment accounted for the largest market share in 2024 and is likely to retain its market position throughout the forecast period. There are a few important factors that contribute to this expansion. First and foremost, urbanization and growing disposable incomes have been the main drivers of the world's ever-increasing demand for passenger cars. The number of people opting for personal vehicles for their daily commute has led to a rise in the need for torque converters in passenger cars as well as automatic transmissions. Torque converters are a necessary component of automatic transmissions because passenger car buyers are becoming more and more accustomed to the seamless, effortless gear shifting and enhanced driving experience these transmissions provide. The torque converter market is expanding, and the passenger vehicle segment is leading the way thanks to manufacturers' constant innovation to improve performance and fuel efficiency. This market is expected to grow steadily in the coming years.
•    For instance, as per the International Organization of Motor Vehicle Manufacturers, globally more than 21 million automotive vehicles are produced between January and March 2021. Increasing vehicle production and growing awareness regarding the safety of passengers and drivers are prompting original equipment manufacturers to install advanced position, level, and speed sensors. 
(Source:https://www.oica.net/production-statistics/)

• Passenger Car
• Commercial Vehicle

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Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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