Automotive All-Wheel Drive Market 2023 Top 10 Performing Key Players are Borg Warner, Continental Ag, Eaton Corporation, Haldex

The all-wheel drive systems have become popular in the luxury vehicle segment and many luxury cars sport these systems. The demand for luxury vehicles has boomed in the emerging markets, and is expected to continue to increase at the highest pace among all vehicle categories in the forecast period. However, one big constraint for the growth of the luxury automobile market and the AWD systems is the slowdown in the Chinese automobile market. The slowdown and stock market crash have affected the sales of luxury cars greatly. Dealers of popular luxury brands are now forced to offer discounts as high as 15% to convince the consumers to purchase their cars. The prolonged slowdown will greatly affect the AWD market, as China is the largest single market for many of the luxury car brands.

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Key Developments in the Market:

March 2018: Mercedes X-Class with 6-cylinder and permanent all-wheel drive debuts in Geneva.

March 2018: Jaguar I-Pace, a four-wheel-drive electric car at the front of the clean air revolution, revealed

Major Players:

BORG WARNER, CONTINENTAL AG, EATON CORPORATION, HALDEX, amongst others

Reasons to Purchase the Report:
• Latest technology trends adopted by the manufacturers in the automotive all-wheel drive industry
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Study on the type of all-wheel drive system that is expected to register the highest growth rate in the market
• Study on the region and country that are expected to dominate the market
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3 month analyst support, along with the Market Estimate Sheet (in Excel)

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Concerns over vehicular safety have gone up substantially in recent times. Safety has become an extremely important consideration, on par with other aspects of the car. This factor will be the biggest driver of the AWD market. The popularity of these systems is clear from the fact that Subaru has manufactured 15 million cars equipped with these systems. Due to the increasing sales of AWD equipped passenger cars, the growth of the passenger car sub-segment will be the highest and automatic AWD systems are expected grow at the fastest pace in this segment during the forecast period.

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