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The torque vectoring market size is forecast to increase by USD 13.44 billion at a CAGR of 20.62% between 2023 and 2028. The market in the SUV segment is experiencing significant growth due to several key factors. One of the primary drivers is the increasing demand for improved safety and vehicle dynamics in SUV models, including Compact, Mid-size, and Class D SUVs. This has led to the adoption of torque vectoring technology in both Front Wheel Drive and Rear Wheel Drive systems. Additionally, the growing popularity of Battery Electric Vehicles (BEVs) in the light commercial vehicles and hybrid electric vehicles (HEVs) in the passenger car market is also fueling the demand for torque vectoring technology. Furthermore, the increasing trend towards mobility services is expected to further boost the market growth. Passive torque vectoring systems, which enhance vehicle stability and handling, are particularly gaining traction in the SUV segment. Overall, the market is poised for continued growth in the coming years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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