Limited Slip Differential Market Latest Research and Developments 2020 to 2025

Limited slip differential or LSD is the part of a car's drive system.  It is designed for helping the engine to put its power to a road more efficiently and to ensure enhanced performance and handling of the vehicle. In addition, it eliminates the uneven power distribution in the vehicles by applying more rotational drivetrain energy to the wheel with a less grip. Such differential is found in all modern commercial vehicles, passenger vehicles, and electric vehicle. The main benefit of employing a vehicle with an LSD is to improve the way it drives along with the more control over a power delivery of the vehicle. These benefits significantly drives growth of the global limited slip differential market.

The market for limited slip differential is expected to reach rise at a CAGR of 4.5 percent during the forecast period. The rising demand for better traction on roads as well as fuel efficiency are driving the growth of the limited slip differential market.

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LIMITED SLIP DIFFERENTIAL MARKET SEGMENTATION:

By Vehicle Type

Passenger Cars
Commercial Vehicles

By Operation:

Mechanical Limited Slip Differential
Electronic Limited Slip Differential

By System:

Active Limited Slip Differential
Passive Limited Slip Differential

By Sales Channel:

Original equipment market
Aftermarket

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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REGIONAL INSIGHT:

North America is likely to be the most profitable region throughout forecast period. This is due to the increased demand for luxury vehicles in U.S. and Canada. In addition, the automotive industry players in this region are actively introducing innovative limited slip differential systems in their vehicles. This factor further fuels growth of the market in the region. For instance, the 2018 Ford Focus RS Limited Edition features a Quaife mechanical limited-slip differential for the front axle for more control in the corners.

In addition to this, Europe holds a prominent share for the global limited slip differential market owing to large number of automobile and component manufacturers in the region.

However, the Asia-pacific region is anticipated to experience highest growth rate during forecast period. The region is home to several leading vehicle production hubs such as Japan and China. Therefore, as the vehicle production increases, the demand for limited-slip differential systems is expected to grow at a significant rate. In addition, the India & China are projected to contribute considerable share throughout the forecast period, due to increasing automobile sales driven by surge in disposable income of population along with the high living standard.

FEW KEY PLAYERS IN LIMITED SLIP DIFFERENTIAL MARKET:

Yukon Gear & Axle
DANA Limited
KAAZ USA
JTEKT Corporation
GKN Driveline
Eaton
BorgWarner Inc.
CARROSSER Co. Ltd.
AAM
Quaife Engineering Ltd.

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This release was published on openPR.