Automotive Torque Converter Market

The automotive torque converter market consists of the design, manufacturing, and sale of a critical component used in automatic vehicle transmissions. Primary customers are global automotive manufacturers for new passenger, commercial, and hybrid electric vehicles, as well as the aftermarket for replacement parts. Key growth drivers include the rising consumer preference for automatic transmissions, increasing vehicle ownership in emerging markets due to urbanization and higher incomes, and stringent environmental regulations pushing for greater fuel efficiency.