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Automotive Multi-wheel Drive Market Research Report 2023 - Valuates Reports
Automotive multi-wheel drive, also known as all wheel drive (AWD), refers to a specific class of vehicle in which all the wheels of the vehicle receive torque directly from the internal combustion engine (IC engine).The global Automotive Multi-wheel Drive market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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North American market for Automotive Multi-wheel Drive is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Automotive Multi-wheel Drive is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Automotive Multi-wheel Drive include BorgWarner, Continental, JTEKT, Magna International, Hitachi, ZF Friedrichshafen, American Axle Manufacturing, Dana Holding and GKN, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Automotive Multi-wheel Drive, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Multi-wheel Drive.
The Automotive Multi-wheel Drive market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Automotive Multi-wheel Drive market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive Multi-wheel Drive manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Segment by Type
Four-wheel Drive System
All-wheel Drive System
Segment by Application
Passenger Vehicle
Commercial Vehicle
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