Press release
Automotive Differential Market Analysis 2020, Changing Consumer Demand During COVID-19 Pandemic
Automotive Differential Market
Growing demand for SUVs, increasing demand for improved vehicle safety, stability, and enhanced driving dynamics has led to the increase in adoption of AWD/4WD drive differential systems. ELSD (Electronically Controlled Limited Slip Differential) is another fastest growing automotive differential market for ICE and hybrid vehicles, which is expected to increase the focus of automotive OEMs to replace mechanical parts with compact electrical components for better fuel-efficiency.
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The factors that drive the market include increase in demand for SUVs, crossovers, compact SUVs, improvement in economic conditions, rise in industrialization, inclination toward all wheel and four wheel drives integrated vehicles, and improvement in the living standards of consumers, which has increased the popularity of off-road vehicles and sports cars. In addition, the factors that restrain the automotive differential market growth include increase in demand for electric vehicles, high maintenance and repairing cost of EVs. However, emerging economic conditions, increasing population, and per capita income of public in developing countries opens up a wide range of opportunities for the growth of the market around the globe.
The major companies profiled for the market include GKN (UK), Eaton (Ireland), American Axle (US), JTEKT Corporation (Japan), Dana Limited (US), Schaeffler Technologies AG & Co. KG (Germany), ZF (Germany), and Continental (Germany), Powertrax, Auburn Gear, and others. These players have adopted different strategies such as expansion and new product development to gain significant automotive differential market share.
Key Benefits for Stakeholders
• This study comprises analytical depiction of the automotive differential market with current trends and future estimations to depict the imminent investment pockets.
• The overall potential is determined to understand the profitable trends to gain a stronger foothold in automotive differential industry.
• The Automotive Differential Market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current Automotive Differential Market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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Key Market Segments
By Differential Type:
• Open Differential
• Locking Differential
• Limited-Slip Differential
• Electronically Controlled Limited-Slip Differential
• Torque Vectoring Differential
By Drive Type:
• Front wheel drive (FWD)
• Rear wheel drive (RWD)
• All wheel drive/Four wheel drive (4WD)
By On Highway Vehicles:
• Passenger Cars
• Light Commercial Vehicles
• Trucks
• Buses
By Hybrid Vehicles
• HEVs
• PHEVs
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Key Market Players Profiled
• GKN plc
• Eaton
• American Axle
• ZF
• Continental
• Auburn Gear
• Powertrax
• The Schaeffler Technologies AG & Co. KG
• JTEKT Corporation
• Dana Limited
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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