Torque Converter Market Trends Estimates High Demand by 2025
The Torque Converter Market is driven by the high penetration of Automatic Transmission (AT) in mid- and premium segment cars. Also, the increasing penetration of Continuously Variable Transmission (CVT) in mid-level vehicles is expected to drive the market in developing countries. The increasing demand for luxury, comfort, and convenience is driving technological advancements in the market. The torque converter market is estimated to be at USD 5.90 Billion in 2016 and is projected to reach USD 9.88 Billion by 2025, at a CAGR of 5.78% during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11286289 The market is segmented by transmission type into AT, Continuously Variable Transmission (CVT), and Dual-Clutch Transmission (DCT). The CVT, although fuel-efficient, has poor acceleration compared with AT. Torque converters provide a better acceleration in CVT vehicles which solves a major problem of CVT vehicles. With the incr...