Global All-Wheel Drive (AWD) System Market Size, Share, and Trends Analysis Report, By Type (Automatic AWD and Manual AWD), By Vehicle Type (Passenger Car, Light Commercial, Heavy Commercial Vehicle), Forecast (2022-2028)

The global all-wheel drive (AWD) system market is anticipated to grow at a CAGR of 9.0% during the forecast period (2022-2028). The all-wheel-drive system is a driving system that transfers power to the wheels with the most traction. Power can be split between the front and rear wheel axles or individual wheels, through three differentials central, front, and rear. AWD systems operate well in all sorts of environmental conditions. The rise in demand for high-performance vehicles such as sports vehicles and the rising need for fuel efficiency, control, and stability in heavy wheel vehicles are some driving factors supporting the growth of the market. AWD systems provide a feasible solution to car manufacturers to offer better output and higher control while driving at high speeds.
With the growing safety awareness across the globe and high demand for off-road vehicles for various activities such as tourism, trekking, and off-road application are further contributing to the growth of the market. An increase in the income of the people, improved infrastructure, and rise in the demand for luxurious cars with more comfort are anticipated to boost the growth of the market in the near future. However, high cost of AWD vehicles compared to other types of the vehicle drive system is the restraining factor for the growth of the market. High cost of the AWD system is resulting due to sensor and computers required for the operation of its system.
Some major players in the market include Magna International Inc., BorgWarner Inc., and Continental AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in December 2020, MG Motors announced that it is working on an all-wheel-drive model of the Hector Plus to be launched with the 4×4 system and the new Savvy variant. MG Motors also mentioned that it is planning to introduce ADAS or advanced driver assistance system features for the Hector Plus. Additionally, in Feb 2020, Chrysler had upgraded the Pacifica model with an All-wheel drive. With this update, Chrysler joined Toyota Kirloskar Motor as the only other brand to offer all-wheel drive, supporting counter the shift to SUVs.

(Get 15% Discount on Buying this Report)
Get Sample Copy of all-wheel drive (AWD) system market at:
https://orionmarketreports.com/request-sample/?id=102396&submit=Request+Sample%0D%0A

Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Vehicle Type
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape-
Magna International Inc, BorgWarner Inc., and Continental AG, among others.

Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

A full report of all-wheel drive (AWD) system market is available at: 
https://orionmarketreports.com/global-all-wheel-drive-awd-system-market/102396/

Global All-Wheel Drive (AWD) System Market Report by Segment
By Type
Automatic AWD
Manual AWD
By Vehicle Type
Passenger Car
Light Commercial
Heavy Commercial Vehicle

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.