Market Share of Automotive Torque Converter Industry
The automotive automatic transmission market is highly consolidated, with major players, like Exedy, Borgwarner, Aisin Seiki, Valeo, and Others, dominating the market. These players are focusing on designing various growth strategies to improve their share in the market. Some of the latest developments like expansion, partnerships, product launches, etc., have been briefed below for a better understanding of the market. For instance,
- In September 2020, The Skoda Rapid automatic was launched with an automatic transmission with their turbo petrol engines in India. The Rapid AT will compete with the Hyundai Verna turbo DCT, Honda City CVT, and the Toyota Yaris CVT. The only other torque converter automatic happens to be the Maruti Suzuki Ciaz, but then it uses a 4-speed AT.
The market has also witnessed numerous partnerships, especially between players in the automatic transmission, be it OEM-OEM (Example - Ford and GM partnership) or OEM-Suppliers (Example - BMW and ZF, Land Rover and ZF, Chrysler and ZF, Allison and China National Heavy Duty Truck Group, etc.). Most of the partnerships have centered around building efficient 8,9 and even ten-speed transmissions which can be used in multiple vehicle platforms.
Automotive Torque Converter Market Leaders
Aisin
BorgWarner
Exedy
ZF Friedrichshafen AG
Valeo
*Disclaimer: Major Players sorted in no particular order
