Four-Wheel Drive (4WD) Vehicles Market Growth, Size, Share, Trends, And Regional Forecast To 2023 - Daimler AG (Germany), Mitsubishi Motors Corporation (Japan), BMW (Germany), And Toyota Motor Corporation (Japan)

Market Research Future published research report on global four-wheel drive vehicles Market. The four-wheel drive vehicles market is expected to grow at ~ 6% CAGR during the period 2017 to 2023. Global Four-Wheel Drive Vehicles Market Research Report Information, by product type (Standard 4WD, and Premium 4WD), by Application (HCVs, and SUVs), by End-Use (Road racing, heavy trucks, and construction equipment) and Region - Forecast To 2023.

The key players in the global automotive ABS markets include:

The prominent players in the four-wheel drive vehicles market include Daimler AG (Germany), Mitsubishi Motors Corporation (Japan), BMW (Germany), Toyota Motor Corporation (Japan), Ford Motor Company (U.S.), and Groupe Renault (France).  Tata Motors Limited (India), Hyundai Motor Company (South Korea), Volkswagen AG (Germany), Volvo (Sweden),  Fiat S.p.A (Italy), Nissan Motor Company Ltd (Japan), and Honda Motor Company, Ltd. (Japan) are among others.  

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Four-wheel drive vehicles also contributes in the generation of revenue from tourists heritage as the four-wheel drive vehicle provides extensive benefits while visiting desert areas. However, vehicles with four-wheel drives need high maintenance costs. These vehicles offer low mileage as compared to vehicles, which are fitted with the two-wheel drive systems. The four-wheel drive vehicle is best when driven on rugged terrains. But the tires and brakes of these vehicles wear out quickly and generate the need of changing of differential fluids, periodically.

The market is highly price sensitive. Customers prefer vehicles that provide the maximum value for money. At the same time, the cost of four-wheel drive systems increase the cost of the automobile. Therefore, to focus on achieving cost efficiency, is a major objective of the manufacturers.

On the basis of product type, the market has been segmented as Standard 4WD and Premium 4WD. Amongst these, the standard 4WD vehicle market is expected to grow with the highest CAGR over the forecast period owing to the steady growth of the light vehicle market. This growth of light vehicles in emerging economies is expected to account for majority of the share in overall automobile sales, leading to the growth of the four-wheel drive vehicle market.

Geographically, the global four-wheel drive vehicles market has been divided into the four major regions of North America, Europe, Asia Pacific and Rest of the World. The global four- wheel drive vehicle market is diversified across all geographies, with North America region holding the major share of the market. The market in North America is mainly based in the countries such as the U.S. and Canada. The North America market is followed by the Asia Pacific region.

Table of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

Continued…

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