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Global Torsional Vibration Damper Market: Market Driver and Restraint
Torsional Vibration Damper market is driven by the increasing of automotive production. Torsional Vibration Damper is used in powertrain system of automotive. In recent years, global automotive industry growing steady. The automotive production growth rate in Asia Pacific is rather fast, while the growth rate in North America and Europe is relative slow.
Manufacturers are investing much money and labour on the research and development of torsional vibration damper to provide better performance. Dual Mass Flywheel Torsional Vibration Damper is enjoying a faster growth rate as the development of technology.
Global Torsional Vibration Damper Market: Key Takeaways
· The key differentiation strategy is to offer better products, in order to leverage opportunity arising from the rising demand for better driving experience
· One of the major challenges for the Torsional Vibration Damper market is the automotive production declining. With the automotive market is more and more mature, the growth rate of automotive production is slowing down
Global Torsional Vibration Damper Market: Forecast by Nature
This segment includes Clutch Type, DMF Type and Others. The average selling price for DMF Type is relatively high in global Torsional Vibration Damper than other segments. Clutch Type segment is expected to remain dominant in the global Torsional Vibration Damper market throughout the forecast period with a revenue share of 49.8% in 2018. Clutch Type segment is expected to rank relatively high on the attractiveness index in the global Torsional Vibration Damper market by 2018 end, however, DMF segment is expected to account for a relatively higher growth rate in the Torsional Vibration Damper market over the forecast period.
Global Torsional Vibration Damper Market: Forecast by Application
Application segment consists of Passenger Car and Commercial Vehicle. Among the market, Torsional Vibration Damper finds application for passenger car, which was estimated to account for a sales share of over 80% within the entire industry segment in 2017.
Global Torsional Vibration Damper Market: Forecast by Region
North America, Europe, China, Japan, India, Southeast Asia and Rest of the World are the seven regions that are included in this report. Europe is the dominant market in the global Torsional Vibration Damper market in terms of value. The Europe Torsional Vibration Damper market was estimated to be valued at US$ 762 Mn in 2017 and is expected to expand at a value CAGR of 1.3% over the forecast period. The China market is expected to expand at a robust rate of 3.2% in terms of revenue over the forecast period due to the steadily increasing production of automotive in this region.
Global Torsional Vibration Damper Market: Key Players
Vibracoustic, Schaeffler, Valeo, ZF, BorgWarner, Continental, AAM, Knorr-Bremse, FUKOKU, Geislinger, Anhui Zhongding, Ningbo Sedsun and Dongfeng (Shiyan) are the key vendors included in this report.
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