Press release
Automotive Differential Market Report, Global Size, Share, Growth and Industry Analysis 2022-2027
The global automotive differential market reached a value of US$ 20.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2027, exhibiting at a CAGR of 5.2% during 2022-2027.
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An automotive differential is an integral component of an automobile that transfers the required amount of torque to the wheels at different intervals according to specific requirements. It is part of rear axle assembly and rear-wheel drives present at the end of the drive train. Currently, the automotive differential includes pinion bearings, side gears, cases, and drive gear as standard components that are incorporated in differential assemblies. These elements help reduce differential speed despite of a large amount of power delivered, eliminate oxidation, improve the heat transfer in the system, and protect components from moisture buildup. Consequently, it is widely incorporated in modern passenger, commercial, and electric vehicles (EVs).
Market Trends and Drivers:
Rapid growth in the automotive industry and the rising demand for lightweight and high-performance automotive components represent one of the key factors creating a positive outlook for the market. The differential is widely incorporated in heavy-duty and commercial vehicles to conveniently maneuver the vehicle with improved traction control. In line with this, the rising demand for lightweight and high-performance automotive components is impelling the market growth. Moreover, the development of electronically limited-slip differentials (ELSD) and three-dimensional (3D) printing technologies to create varying gear types is supplementing the product demand. Apart from this, the increasing need for premium and sports utility vehicles (SUVs) coupled with strategic collaborations amongst key players to engineer customer-centric commercial automobiles with compact differential are propelling the market growth.
Automotive Differential Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the automotive differential market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• American Axle & Manufacturing Inc.
• Continental AG
• Dana Limited
• Linamar Corporation
• PowerTrax
• JTEKT Corporation (Toyota Motor Corporation)
• Schaeffler Group
• ZF Friedrichshafen AG
• Borgwarner Inc.
• Eaton Corporation Inc.
• GKN Plc (Melrose Industries)
Key Market Segmentation:
The report has segmented the global automotive differential market on the basis of type, drive type, vehicle, component, vehicle propulsion type and region.
Breakup by Type:
• Electronic Limited-Slip Differential (ELSD)
• Locking Differential
• Limited-Slip Differential (LSD)
• Open Differential
• Torque Vectoring Differential
Breakup by Drive Type:
• Front Wheel Drive (FWD)
• Rear Wheel Drive (RWD)
• All Wheel Drive/ Four Wheel Drive (AWD/4WD)
Breakup by Vehicle:
• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Off-highway Vehicle
Breakup by Component:
• Differential Bearing
• Differential Gear
• Differential Case
Breakup by Vehicle Propulsion Type:
• I.C. Engine Vehicle:
o Spark Ignition Engine based Vehicle
o Compression Ignition Engine based Vehicle
• Electric Vehicle:
o Battery Electric Vehicle
o Fuel Cell Electric Vehicle
• Hybrid Electric Vehicle:
o Hybrid Electric
o Plug-in Hybrid Electric
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2326&flag=C
Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
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