Automotive and Transportation Automotive Torque Converter Market Research Report | Page 3

Automotive Torque Converter Market
Globally, North America accounted for the largest share in the automotive torque converter market during the
historical period, mainly due to the early adoption of AT and the high demand for premium vehicles in the
region. Additionally, the market growth in the region is driven by the growing adoption of automatic
transmission systems in medium and heavy-duty trucks. Besides, factors such as ease of driving, high fuel
efficiency, and growing demand for comfort in vehicles are encouraging fleet owners to opt for automatic
transmission in medium- and heavy-duty trucks. Moreover, owing to the rising disposable income of the
people in the region, North America is anticipated to lead the global market during the forecast period as well.
Globally, manufacturers are striving to develop new techniques to increase the operational efficiency of torque
converters. Longer lock-up range, advanced manufacturing processes, and reduction in the weight and size of
these converters are some of the major trends witnessed in the automotive torque converter market.
P&S Intelligence