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Download Free sampleThe global AT Automotive Torque Converter market was valued at 3701.09 Million USD in 2021 and will grow with a CAGR of 1.67% from 2021 to 2027, based on Research newly published report.
The prime objective of AT Automotive Torque Converter Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, AT Automotive Torque Converter Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
An automotive torque converter is comprised of an impeller, turbine, stator, and front cover, these parts work in conjunction with one another to transfer power from the engine to the transmission by swirling fluid around. The impeller, which is sometimes referred to as the pump, is welded to the front cover, is not physically connected to the turbine, which drives the input shaft on the transmission. The front cover is bolted to the flex plate, and as it rotates the impeller, the increasing velocity of the transmission fluid transmits power to the turbine and transmission input shaft.The classification of AT Torque Converter includes Single-stage Type and Multistage Type, and the proportion of Single-stage Type in 2016 is about 98%. North America region is the largest supplier of AT Torque Converter, with a production market share nearly 44% in 2016. Japan & Korea is the second largest supplier of AT Torque Converter, enjoying production market share nearly 32% in 2016.
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