Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global automotive torque converter market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing preference towards automatic transmission and increasing demand for premium vehicles. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global automotive torque converter market. Methodology Followed for Calculation of Market Size: • Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as automotive torque converter companies, channel partners, market influencers & end users, industry experts and other industry participants. • The team interviewed 15 automotive torque converter companies, 100 end users and 20 industry experts and other value chain stakeholders in the global automotive torque converter market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for the historical period. • Respondents were asked about the current and future market growth rates, market shares by vehicle type, by transmission type, by stage, by propulsion, by company and by region. Removing the outlier response, the geometric mean of growth estimates and revenue shares generated across various segments were considered. Revenue shares across various segments were triangulated based on the response received from stakeholders. Methodology Followed for Calculation of Market Shares: • Market shares by vehicle type, by transmission type, by stage, by propulsion, by company and by region were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about market 21 Automotive © TechSci Research 21
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