LONDON–(BUSINESS WIRE)–Technavio has announced the top five leading vendors in their recent global automotive torque converter market report from 2017-2021. This market research report also lists three other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global automotive torque converter market is moderately concentrated with the presence of several vendors. The market is characterized by the presence of well-diversified international, regional, and local players. The local and regional vendors in the market provide cost-effective torque converters with limited features and functionalities. However, since the international players are increasing their presence in many regions, they occupy major shares of the global automotive torque converter market.
According to Ganesh Subramanian, a lead analyst at Technavio for automotive components research, “The major vendors in the market are currently expanding their customer base and are increasing their investments in R&D. The competition in the market should intensify with technological advances and government regulations. OEMs are expected to get into long-term collaborations with the vendors as the quality and design of the materials used, which are unique to each vendor, are crucial factors in managing the cost.”
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Technavio market research analysts identify the following key vendors:
BorgWarner supplies highly engineered automotive systems and components, primarily for powertrain applications. The company’s products help improve vehicle performance, fuel efficiency, vehicle stability, and air quality. BorgWarner had 27,000 employees working for it in 2016. The engine segment develops turbochargers, timing systems, thermal systems, thermostats, emissions systems, and the gasoline ignition technology. The drivetrain segment develops and manufactures products for automatic transmissions and all-wheel drive vehicles.
EXEDY manufactures torque converters, motorcycle clutches, manual clutches, and parts for agricultural vehicles, automobile products, and construction machinery. In January 2016, the company announced that it was working to expand the capacity of its Mexican factory to churn out more torque converters. This expansion may cover torque converters for CVTs, in addition to the ordinary automatic transmissions.
Schaeffler, through its brands INA, LuK, and FAG, supplies high-precision products and systems for transmissions, engines, and chassis, in addition to rolling bearing and plain bearing solutions and the linear and direct drive technologies. In February 2016, the company introduced its P2 high-voltage hybrid module designed to fit between the engine and the transmission. This module features an integrated torque converter to offer hybrid drivetrain solutions for existing vehicles in the American market.
Yutaka Giken is engaged in the manufacture and distribution of automobile parts. The company comprises 12 subsidiaries, and its customers include Honda Motor, Honda R&D, Honda Trading, suzuki motor, and ISUZU MOTORS. A torque converter for passenger cars manufactured by the company includes a flat torque converter using the precision stamping and bonding technology. It is widely mounted on subcompacts and standard cars.
ZF Friedrichshafen is known for its design, research and development, and manufacturing activities in the automotive industry. The company is a worldwide supplier of the driveline and chassis technologies for cars and commercial vehicles. The company also offers special plant equipment such as construction equipment. Torque converters from ZF Friedrichshafen are used in modern passenger cars with automatic transmissions.
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