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Automotive Differential Market Business Strategies, and Regional Outlook
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Moreover, the increasing adoption of all-wheel-drive (AWD)/four-wheel drive (FWD) options in mid-range passenger cars will help the automotive differential market grow during 2021-2030. According to P&S Intelligence, the market revenue stood at $20 billion in 2020. AWD offers improved stability, drive control, and safety, owing to which automobile original equipment manufacturers (OEMs) are incorporating this system in mid-range passenger cars. Additionally, the ongoing technological advancements in AWD systems will also accelerate the adoption of automotive differentials globally.
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In contemporary times, Hyundai Wia Corporation, ZF Friedrichshafen AG, Schaeffler Technologies AG & Co. KG, Eaton Corporation plc, Melrose Industries PLC, Dana Incorporated, Linamar Corporation, BorgWarner Inc., JTEKT Corporation, and American Axle & Manufacturing Inc. (AAM) have been the leading manufacturers of automotive differentials. Nowadays, these companies are largely focusing on product launches to meet the evolving needs of automakers. For example, Eaton Corporation plc unveiled an electronically controlled scalable limited-slip differential in August 2020. This differential can be integrated into numerous vehicle platforms to improve performance and ensure driver safety.
Therefore, the increasing commercial vehicle sales and accelerating vehicle electrification rate will propel the use of automotive differentials in the foreseeable future.
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