Global Automotive Differential Gear Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

The global automotive differential gear market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028).It is a part of the vehicle's power transmission unit that transmits and distributes an engine's driving force to the wheels. The major factor expected to drive the market growth is the increasing demand for an enhanced driving experience in terms of racing and sports cars and significant demand for automobiles owing to the rising number of nuclear families and changing lifestyles. Furthermore, an increase in demand for four-wheel drive vehicles from customers across major automotive markets and the rising demand for differential gears have further increased the demand for premium cars and SUVs. These are some factors that propel the growth of the market during the forecast period. In addition, the rising demand for rear-wheel-drive vehicles and the high need for improved vehicle safety, stability, and enhanced driving dynamics are further expected to drive the global automotive differential gear market during the forecast period.

A full report of Global Automotive Differential Gear Market is available at:https://orionmarketreports.com/global-automotive-differential-gear-market/107170/  

Some major players in the market include Eaton Corp., plc, American Axle & Manufacturing Inc., and Bharat Gears Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in February 2021, ZF Friedrichshafen AG announced that the company is going to invest $200 million in commercial vehicle transmission manufacturing in North America. The company also added that they will produce the ZF Power line 8-speed automatic transmission at the company's state-of-the-art manufacturing facility in Gray Court, SC from the beginning of 2023.Moreover, in July 2021, ZF Friedrichshafen AG announced that the company secured a nearly $6 billion axle contract for the Marysville, Michigan facility for delivery of beam axles and axle drives for pick-up trucks until 2027.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Product Type
By Application
By Sales Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape-Eaton Corp., plc, American Axle & Manufacturing Inc., and Bharat Gears Ltd., 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?

Global Automotive Differential Gear Market Report by Segment

By Product Type

Planetary
Rack and pinion
Worm
Helical
Non-metallic
Others

By Application

Differential
Steering system
Transmission
Others

By Sales Channel

Original Equipment Manufacturers (OEMs)
Aftermarket

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This release was published on openPR.