The Global Torque Converter Market is expected to reach USD 9.9 billion by 2025, from USD 6.4 billion in 2017 growing at a CAGR of 3.6% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Torque Converter Market, By Transmission Type (Automatic Transmission, Continuously Variable Transmission, Dual-Clutch Transmission), Component (Clutch Plate, Damper, Impeller, Stator, Turbine), Vehicle Type (Passenger Car, Commercial Vehicle), Hybrid Vehicle Type (Hybrid Electric Vehicle, Plug-In Electric Vehicle), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025
Complete report on Global Torque Converter Market Research Report 2018-2025 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Torque Converter Market
The torque converter allows the motor vehicle to meet various gear ratios without using a conventional gear box. It splits the engine and transmission which allows the engine to work independently. Use of the torque converter removes the clutch and achieves better ride value by eliminating the need to use the clutch pedal. There are four components in the torque converter which are transmission fluid pump, turbine and stator. The key feature of the torque converter is its ability to multiply torque that lies in the capacity of the stator. The torque converter runs quietly and helps to achieve fuel efficiency as the gear lag is reduced due to the lack of manual gear changing. It requires low maintenance and less efficiency to refill the transmission fluid as it is a sealed unit. The procedure of torque converter expands fuel combustion by attaining optimal torque ratios. The market for automobile is expected to expand due to increase in demand for fuel-saving technologies. Moreover, the torque converter market for automotive is estimated to increase because of the rise in consumer demand for better ride handling and comfort. According to India Times, sales of AT cars increased by 66% from 2014 to 2015. Hence, with the increasing advancements, the torque converter market is expected to grow.
Key Questions Answered in Global Torque Converter Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Torque Converter Market in 2025?
- What are the key factors driving, Analysis by Applications and Countries Global Torque Converter Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Torque Converter Market?
- Who are Opportunities, Risk and Driving Force of Global Torque Converter Market?
- Who are the opportunities and threats faced by the vendors in Global Torque Converter Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Torque Converter Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- Bemis Company
- Amcor Corporation
- Ball Corporation
- Reynolds Group
- Smurfit Kappa Group
- Berry Plastics
- Exair Corporation
- RPC Group
- Bosch Packaging Technology
- Sonoco Products Company
- Constantia Flexibles
- Huhtamaki OYJ
- Mondi Group
- Bosch Packaging Technology
- Fres-Co System Inc.
- Oystar Group
- UDG Healthcare PLC
Key Reasons to Purchase:
- To gain insightful analyses of the market and have comprehensive understanding of the Global Stick Packaging Market and its commercial landscape.
- Assess the Stick Packaging production processes, major issues, and solutions to mitigate the development risk.
- To understand the most affecting driving and restraining forces in the Stick Packaging Market and its impact in the Global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for Global Stick Packaging Market.
- Consumption of petroleum derivatives for increasing energy demand
- Stringent regulations for petroleum treatment
- Effective catalysis demand for Industrial verticals
- Advanced technologies incorporation in chemical synthesis reducing the use of catalysts
- Fluctuating raw material prices
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Customize report of “Global Stick Packaging Market” as per customers requirement also available.
Global Stick Packaging Market is segmented on the basis of
Market Segmentations in Details:
- Biaxially Oriented Polypropylene (BOPP)
- Metallized Polyester
- Food & Beverages
- Consumer Goods
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
Competitive Landscape: Global Stick Packaging Market
The global stick packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Stick packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In 2018, Bosch packaging technology company started selling its packaging technology and machinery business, basically its food units of the packaging technology division.
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