Automotive and Transportation Automotive Torque Converter Market Research Report | Page 2

Automotive Torque Converter Market
The global automotive torque converter market is expected to witness considerable growth in the coming years
due to the increasing production of automobiles, growing demand for automatic transmission systems, and
rising concerns regarding the safety in vehicles. Globally, vehicles with automatic transmission are gaining
traction, as this form of transmission is more economical and safer than manual transmission. Thus, the growing
demand for automatic transmission systems can be viewed as one of the key factors fueling the demand for
torque converters, globally.
On the basis of vehicle type, the automotive torque converter market is classified into passenger cars, light
commercial vehicles (LCVs), and medium and heavy commercial vehicles (M&HCVs). Of these, the passenger car
category held the largest share in the total sales of torque converters during the historical period and is
anticipated to continue dominating the market in the coming years. The rising demand for better driving
experience, comfort, and safety in passenger cars is the major factor driving the market growth of this category.
P&S Intelligence