Groundbreaking Advances in Automotive Differential Technology | GKN, Eaton, Dana, ZF Friedrichshafen AG, Schaeffler Technologies
Allied Market Research published a report, titled, "Automotive Differential Market by Drive Type (Front-Wheel Drive (FWD), and Rear-Wheel Drive (RWD)), Vehicle Type (Passenger Car, Commercial Vehicle, and Electric vehicle), and Type (Open, Locking, LSD, ELSD, and Torque Vectoring): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global automotive differential market generated $19.16 billion in 2018, and is expected to reach $28.57 billion by 2026, witnessing a CAGR of 5.2% from 2019 to 2026.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ- https://www.alliedmarketresearch.com/request-sample/6123
Prime determinants of growth
Surge in demand for commercial vehicles and significant rise in automobile manufacturing drive the global automotive differential market. However, increase in manufacturing of vehicles with in-wheel electric motors restrain the market growth. On the other hand, manufacturing of electronic limited slip differentials offers new opportunities in coming years.
The front-wheel drive (FWD) segment to maintain its lead position throughout the forecast period
Based on drive type, the front-wheel drive (FWD) segment contributed to more than half of the total share of the global automotive differential market in 2018, and is estimated to maintain its lead position throughout the forecast period. This is due to its attribute to reduce weight, production costs, and fuel consumption. However, the all-wheel drive (AWD) segment is expected to witness the highest CAGR of 6.1% from 2019 to 2026, owing to increase in power and better control than other wheel drive systems along with improved handling proficiencies on different surfaces.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.alliedmarketresearch.com/purchase-enquiry/6123
The passenger car segment to continue its dominant position in terms of revenue by 2026
Based on vehicle type, the passenger car segment held the highest market share of the global automotive differential market, contributing to more than four-fifths of the total market share in 2018, and is estimated to continue its dominant position in terms of revenue by 2026. This is due to increase in infrastructural development activities. However, the electric vehicle segment is expected to register the fastest CAGR of 13.6% from 2019 to 2026. This is attributed to increase in demand for fuel efficient vehicles and government regulations for emission reduction.
Asia-Pacific to offer lucrative opportunities, North America to grow at moderate pace
Based on region, Asia-Pacific accounted for the highest share on the basis of revenue, contributing to more than two-fifths of the global automotive differential market in 2018, and is expected to continue its highest share during the forecast period. Moreover, this region is projected to register the fastest CAGR of 6.4% from 2019 to 2026. It is a lucrative segment, owing to surge in demand for commercial vehicles and the growth of the automotive industry. However, North America held nearly one-fifth of the total market share in 2018 and is estimated to grow at moderate pace.
Leading market players
GKN
Eaton
Dana
ZF Friedrichshafen AG
Schaeffler Technologies AG & Co. KG
BorgWarner Inc.
Continental AG
JTEKT Corporation
American Axle & Manufacturing Inc.
Linamar Corporation
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐-
E-Axle Market- https://www.alliedmarketresearch.com/e-axle-market
Automotive Steering Wheel Switch Market- https://www.alliedmarketresearch.com/automotive-steering-wheel-switch-market
Automotive Flywheel Market- https://www.alliedmarketresearch.com/automotive-flywheel-market
Automotive Wheel Market- https://www.alliedmarketresearch.com/automotive-wheel-market
Automotive Fifth Wheel Coupling Market- https://www.alliedmarketresearch.com/automotive-fifth-wheel-coupling-market-A07239
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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