All-Wheel Drive Industry Highlights:
An all-wheel drive is a drivetrain that distributes torque to all wheels of the vehicle in part-time or full-time. In full time all-wheel drive system, all axles are permanently connected with or without differential and part-time all-wheel drive one axle is connected to the drive and other axle is connected as needed. All-wheel drive systems are more often used in SUVs, CUVs, luxury sedans, electric vehicles, and high-end sports vehicles to meet the demand for stability, control, safety and enhance the driving experience.
The global All-Wheel Drive Market size is expected to grow at ~7.83% CAGR during the forecast period.
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On the basis of type, the market is segmented as manual AWD and automatic AWD. Manual AWD segment is estimated to dominate the market during the forecast period owing to increase in demand for sport utility vehicles is expected to drive the market for manual all-wheel drive systems, as it mostly used in SUVs. On the basis of propulsion, the market is segmented as ICE vehicle and electric vehicle. The electric vehicle is further segmented into Battery Electric Vehicle (BEV), Hybrid Electric Vehicles (HEVs), and Plug-in hybrid electric vehicles (PHEVs). ICE vehicle is estimated to dominate the market during the forecast period owing to growing demand for AWD vehicles with conventional ICEs, which is the most dominant factor driving the market. On the basis of application, the market is segmented as on-road and off-road. On-Road segment is expected to dominate the market during the forecast period owing to the availability of wide variety of vehicles include sport utility vehicles, racing cars, utility vehicles, and others for on-road application and large number of on-road users are expected to enhance the market share for the on-road segment. On the basis of vehicle type, the market is segmented as passenger vehicle and commercial vehicle. Passenger vehicle segment is expected to dominate the market during the forecast period owing to the increased population, rising purchasing power, and stringent government regulations regarding the vehicle emission level are expected to enhance the market share for the passenger car segment.
Market Research Analysis
North America held the largest global all-wheel drive market share.
Region-wise, North America held the largest market share of the global all-wheel drive market in 2017. North America is actively adopting new technologies in AWD equipped vehicles due to the presence of luxury vehicles and SUV manufacturers such as General Motors, Tesla, Inc., and Ford Motor Company. It is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to the increased consumption and production of vehicles, both passenger and commercial. Europe is expected to be the second largest market during the forecast period owing to the EU revealed regulatory laws for vehicle emissions, which increased the demand for all-wheel drive systems in vehicles, due to their low emission capabilities.
Scope of the Report
This report provides an in-depth analysis of the global all-wheel drive industry growth, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific, Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the all-wheel drive market by its type, propulsion, application, vehicle type, and by region.
Type
Manual AWD
Automatic AWD
Propulsion
ICE Vehicle
Electric Vehicle
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Application
On-Road
Off-Road
Vehicle Type
Passenger Vehicle
Commercial Vehicle
Region
North America
US
Canada
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World (RoW)
Latin America
Middle East & Africa
Key Players
The key players operating in the global all-wheel drive market are American Axle & Manufacturing, Inc. (US), GKN PLC (UK), Magna International Inc. (Canada), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (US), Continental AG (Germany), JTEKT Corporation (Japan), Dana Limited (US), Eaton (Ireland), and Oerlikon (Italy).
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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Contact Us:
Market Research Future
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About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
