Press release
Automotive Differential Market Analysis, Share, Growth, Trends And Forecast 2024-2033
Automotive Differential Market
The automotive differential market size is expected to see strong growth in the next few years. It will grow to $29.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to surge in demand for electric vehicles with specialized differential systems, integration of advanced driver assistance systems (adas) in differential technology, growth in the off-road and recreational vehicle market, adoption of electronically controlled and torque-vectoring differentials, growing demand for off-road and adventure vehicles . Major trends in the forecast period include advancements in differential technology, such as limited-slip and electronic differentials, use of advanced materials, such as carbon fiber, in differential components, customization of differential systems for specific vehicle models and applications, collaboration between automakers and differential manufacturers .
Market Overview -
The automotive differential refers to a set of gears that permits the driving wheels (the wheels to which the engine sends power) on a single axle to rotate at various speeds, such as when the vehicle is turning. These are used to transfer power from the engine to the perpendicularly positioned wheels so that wheels on the same axle can rotate at different speeds and enable cars to turn. They're also the components through which a rotating driveshaft can change direction. A differential is a gear system that requires little maintenance and typically lasts the whole life of the vehicle.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7149&type=smp
Suv Popularity Fuels Automotive Differential Market Growth
The rapidly expanding demand for SUVs is significantly contributing to the growth of the automotive differential market going forward. SUVs (sport utility vehicles) are four-wheel-drive vehicles that can be driven over various types of roads. Differentials are a crucial part of all types of vehicles, including SUVs, as they transfer the power from the engines to the wheels and let the wheels spin at different speeds, which helps the vehicle turn smoothly without losing stability or slipping. For instance, in February 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, despite challenges in the supply chain and rising inflation, global SUV sales continued to rise, showing a 3% increase from 2021 to 2022. In 2022, SUVs represented approximately 46% of total global car sales, with significant growth observed in regions including the United States, India, and Europe. Therefore, rapidly expanding demand for SUVs will drive the automotive differential market.
Competitive Landscape -
Major companies operating in the automotive differential market report are American Axle & Manufacturing Inc., BorgWarner Inc., Dana Incorporated, Eaton Corporation plc, Hyundai Wia Corporation, JTEKT Corporation, Linamar Corporation, Melrose Industries plc, Schaeffler Technologies AG & Co. KG, ZF Friedrichshafen AG, GKN plc, Drexler Automotive GmbH, Neapco Inc., Magna International Inc., PowerTrax, Auburn Gear Inc., Honda Motor Company Ltd., Toyota Motor Corporation, Volkswagen AG, Mercedes-Benz, Bayerische Motoren Werke AG, Maruti Suzuki India Limited, The General Motors Company, Jiangsu Pacific Precision Forging Co. Ltd., R. T. Quaife Engineering Ltd., Tianjin Tanhas Technology Co. Ltd., Neapco Holdings LLC, Eaton Cummins Automated Transmission Technologies, Zhejiang Wanxiang Group Corporation, GKN Driveline
Companies Introduce Innovative Electrified Vehicle Differentials For Market Advancement
Major companies operating in the automotive differential market are introducing innovative products, such as specialized differentials for electrified vehicles, to gain a competitive edge in the market. Specialized differentials for electrified vehicles refer to differential systems or components that are specifically designed or adapted to be used in vehicles powered by electric drivetrains, such as electric cars or hybrid vehicles. For instance, in August 2021, Eaton Corporation, an Ireland-based power management company, launched a range of specialized differentials for electrified vehicles that provide performance comparable to traditional combustion engines. Differentials designed by Eaton are accessible for a variety of electrified vehicles, encompassing hybrid, plug-in hybrid, and battery electric vehicles.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/automotive-differential-global-market-report
Key Segments -
The automotive differential market covered in this report is segmented -
1) By Type: Locking Differential, Limited-Slip Differential (LSD), Open Differential, Torque Vectoring Differential
2) By Drive: Front Wheel Drive (FWD, Rear Wheel Drive (RWD), All-wheel drive (AWD)/Four Wheel Drive (4WD)
3) By Vehicle: Passenger Cars, Commercial Vehicles, Electric Vehicles
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Differential Market Analysis, Share, Growth, Trends And Forecast 2024-2033 here
News-ID: 3486513 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Differential
SUV Popularity Fuels Automotive Differential Market Growth: Key Factor Driving T …
The Automotive Differential Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Automotive Differential Market Size During the Forecast Period?
The market size of automotive differentials has seen a consistent rise over the past few years. The market is projected to increase from…
Installation method of differential pressure transmitter
The installation method of differential pressure transmitter may vary depending on the model and application scenario, but generally speaking, its installation method mainly includes the following steps: 1 Preparation work Select installation location: Usually, it is chosen between the inlet and outlet of the hydraulic pipeline oil filter to ensure that the installation position is close enough to the oil filter so that the sensor can accurately monitor the status…
Accessories for differential pressure transmitter
In normal operations, several accessories are commonly used to assist differential pressure transmitters in functioning properly. One of the vital accessory is valve manifold. The purpose of its application is to protect the sensor from single-side over pressuring damage and isolate the transmitter from the process while maintenance, calibration or replacement. A typical 3-valve manifold incorporates one equalizing valve and two block valves matching the high & low pressure side…
Automotive Differential Market Scope Assessment 2030
A differential is a gear train with three shafts having the property that the rotational speed of one shaft is the average of the speeds of the others, or a fixed multiple of that average. A differential, when talking about car or a truck is a mechanical piece which allows the wheels to rotate or turn at different speeds. The outer wheels cover a large circumference covering different distances otherwise…
Limited Slip Differential (LSD) Market Entry Strategies, Countermeasures, Econom …
Market Expertz has published its latest research study titled 'Global Limited Slip Differential (LSD) Market Report Forecast to 2027' gives a detailed assessment of the industry to offer vital information by evaluating the prevalent trends observed in the sector. The report includes valuable market insights provided by the industry experts by way of surveys and interviews as part of primary research. The authors of the study also undertake secondary research,…
Media resistant differential pressure sensor ME800
(AMSYS GmbH & Co. KG, Mainz, Germany) Corrosion-resistant pressure sensors measuring the differential pressure of two aggressive media are known as wet-wet sensors and frequently used in the chemical industry. The ME800 is such a state-of-the-art sensor in this supreme discipline of pressure sensor technology. A very robust differential OEM sensor for wet-wet applications, the ME800 can measure differential pressures acting in both directions (bidirectional sensor).
The medium comes into…
