Automotive Multi-Wheel Drive (AWD) Systems Market Driver and Trends 2018 Analysis and Forecasts To 2022

Europe and U.S. AWD systems market have the highest share due to high penetration of SUV’s and mini sports vehicles. Emerging economies like India, China, Japan, are seeing an increase in purchasing power of consumers which has led to an increased demand for luxury and high end vehicles with multi-wheel drive systems in APAC.

Major players are Borg Warner Inc, Continental AG, ZF Friedrichshafen AG, JTKT Corporation, Magna International Inc. Other players include American Axle Manufacturing, Eaton Corporation, GKN Plc, Dana Holding Corporation, Oerlikon Inc, Mitsubishi Motors.

Automotive Multi-Wheel Drive Systems Market to grow at 8% CAGR from 2016 to 2024. The need to alleviate the rising automobile accidents and reduce the impact of crashes on the driver and passengers has led to the development of Multi Wheel Drive (MWD) or All Wheel Drive (AWD) systems.

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Passenger cars had the highest AWD systems market share owing to increase in demand, sales of these vehicles and rising trend of SUV’s from emerging economies. Passenger cars include sedan class, hatchback, SUV’s, MUV’s and Multi-purpose vehicles. Heavy commercial vehicles include trucks, buses, lorries and others.

By technology, the AWD systems market can be segmented in to part time, full time and automatic all-wheel drive. The part time AWD is a temporary drive system in which normally the rear axle is driven, in unfavorable slippery conditions the front axle is activated by the driver using a button or lever. Full AWD is a permanently engaged alternative in which all the wheels of the vehicle are powered at all times. It consists of a center differential which lets each wheel travel different distances while turning. Automatic technology consists of a center differential which is engaged when wheel slipping occurs. Torque is transferred to the other axle and both rear and front axles run at same speeds until the speed difference between all wheels is eliminated and the vehicle runs back in 2WD mode. The differential is locked based on the information collected by the ECU through various sensors.

AWD requires different components for the drive train which are expensive, thus making this technology costly and available in high end segments. High cost of ownership and lack of awareness may hamper the industry growth.

On basis of component, the manual MWD includes differentials which can be classified in to limited slip differentials and open differentials, transfer case and wheel hub. Automatic MWD includes a power transfer unit, propeller shaft used for transmitting torque and rotation, AWD couplings, Final Drive Unit (FDU) and Disconnect. The AWD Disconnect is used to disconnect the Multi-Wheel Drive System in the vehicle under normal driving conditions.

Automotive Multi Wheel Drive (AWD) Systems Market Size, Industry Outlook, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development, Competitive Landscape & Forecast, 2016 – 2024

https://www.gminsights.com/industry-analysis/automotive-multi-wheel-drive-awd-systems-market

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