Torque Dampers Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10.2% from 2024 to 2030.
The Torque Dampers market from 2018 to 2022 has experienced steady growth, driven by increasing demand across various industries, particularly in automotive, industrial machinery, and aerospace. Torque dampers, primarily used to reduce vibration, enhance the performance of mechanical systems, and prolong the lifespan of engines and machinery, have become essential components in various applications. The demand for these components surged as industries sought more reliable and efficient solutions for noise reduction, stability, and durability in equipment. According to recent market trends, the automotive sector emerged as the largest consumer of torque dampers, particularly due to the expansion of electric vehicles (EVs) and the constant need for innovation in internal combustion engine (ICE) technologies. The market saw significant technological advancements in the development of new materials, such as elastomers and composites, making torque dampers more efficient and adaptable to modern machines.
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From 2023 to 2033, the torque damper market is projected to witness substantial growth. Industry experts predict a surge in demand, primarily driven by the growing need for electric and hybrid vehicles, which require specialized torque damper systems to manage the complex powertrains and improve energy efficiency. The shift towards renewable energy sources and the implementation of advanced manufacturing processes are also expected to play a significant role in driving this growth. With increasing emphasis on reducing emissions and improving vehicle performance, torque dampers will play an integral role in helping manufacturers meet regulatory requirements and enhance overall product quality. Furthermore, innovations in smart materials and the development of lighter, more durable components will open new opportunities for torque dampers in sectors like aerospace and robotics.
As global infrastructure projects continue to advance, torque dampers will become more essential in construction equipment, industrial machinery, and even agricultural machinery, as they contribute to the stability and durability of heavy-duty systems. The demand for torque dampers in emerging markets, particularly in Asia-Pacific and Latin America, is expected to grow exponentially due to rapid industrialization and a significant increase in manufacturing activities. Additionally, market players are focusing on expanding their product portfolios and introducing cost-effective solutions, which will further drive market growth.
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Siemens
Somic Ishikawa
Dorman Products
Ace Controls
TOK
Geislinger
Exedy
Takachiho America
Preformed Line Products
Sontay
Belimo
Fukoku
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Torque Dampers Market
Automobile
Marine
Others
Based on Types the Market is categorized into Below types that held the largest Torque Dampers market share In 2023.
Automation Control
Motion Control
Vibration Control
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Torque Dampers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Torque Dampers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Torque Dampers Market, By Type
6. Global Torque Dampers Market, By Application
7. Global Torque Dampers Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Torque Dampers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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