All-Wheel Drive Industry Highlights:
An all-wheel drive is a drivetrain thatdistributes torque to all wheels of the vehicle in part-time or full-time. Infull time all-wheel drive system, all axles are permanently connected with orwithout differential and part-time all-wheel drive one axle is connected to thedrive and other axle is connected as needed. All-wheel drive systems are moreoften used in SUVs, CUVs, luxury sedans, electric vehicles, and high-end sportsvehicles to meet the demand for stability, control, safety and enhance thedriving experience.
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On the basis of type, the market issegmented as manual AWD and automatic AWD. Manual AWD segment is estimated todominate the market during the forecast period owing to increase in demand forsport utility vehicles is expected to drive the market for manual all-wheeldrive systems, as it mostly used in SUVs. On the basis of propulsion, themarket is segmented as ICE vehicle and electric vehicle. The electric vehicleis further segmented into Battery Electric Vehicle (BEV), Hybrid ElectricVehicles (HEVs), and Plug-in hybrid electric vehicles (PHEVs). ICE vehicle isestimated to dominate the market during the forecast period owing to growingdemand for AWD vehicles with conventional ICEs, which is the most dominantfactor driving the market. On the basis of application, the market is segmentedas on-road and off-road. On-Road segment is expected to dominate the marketduring the forecast period owing to the availability of wide variety ofvehicles include sport utility vehicles, racing cars, utility vehicles, andothers for on-road application and large number of on-road users are expectedto enhance the market share for the on-road segment. On the basis of vehicletype, the market is segmented as passenger vehicle and commercial vehicle.Passenger vehicle segment is expected to dominate the market during theforecast period owing to the increased population, rising purchasing power, andstringent government regulations regarding the vehicle emission level areexpected to enhance the market share for the passenger car segment.
The global All-WheelDrive Market isexpected to grow at ~7.83% CAGR during the forecast period.
Market Research Analysis
North America held the largest market share in the globalall-wheel drive market.
Region-wise, North America held thelargest global all-wheeldrive market share in 2017. North America is actively adopting newtechnologies in AWD equipped vehicles due to the presence of luxury vehiclesand SUV manufacturers such as General Motors, Tesla, Inc., and Ford MotorCompany. It is estimated that Asia-Pacific would be the fastest growing marketduring the forecast period, mainly due to the increased consumption andproduction of vehicles, both passenger and commercial. Europe is expected to bethe second largest market during the forecast period owing to the EU revealedregulatory laws for vehicle emissions, which increased the demand for all-wheeldrive systems in vehicles, due to their low emission capabilities.
Scope of the Report
This report provides an in-depthanalysis of the global all-wheel drive industry, tracking four market segmentsacross four geographic regions. The report studies key players, providing afive-year annual trend analysis that highlights market size, and share forNorth America, Asia-Pacific, Europe, and Rest of the World. The report alsoprovides a forecast, focusing on the market opportunities for the next fiveyears for each region. The scope of the study segments the all-wheel drivemarket 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
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Key Players
The key players operating in the globalall-wheel drive market are American Axle & Manufacturing, Inc. (US), GKNPLC (UK), Magna International Inc. (Canada), ZF Friedrichshafen AG (Germany),BorgWarner Inc. (US), Continental AG (Germany), JTEKT Corporation (Japan), DanaLimited (US), Eaton (Ireland), and Oerlikon (Italy).
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