Press release
Automotive Differential Market Report 2024: Size, Share, Growth, Trends, Demand, Forecast 2033
As per the report, the automotive differential market size has grown strongly in recent years. It will grow from $22.22 billion in 2023 to $23.41 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. 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%.
Download Free Sample 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.
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.
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
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7149&type=discount
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
Contents of the report:
1. Executive Summary
2. Automotive Differential Market Report Structure
3. Automotive Differential Market Trends And Strategies
4. Automotive Differential Market - Macro Economic Scenario
5. Automotive Differential Market Size And Growth
…..
27. Automotive Differential Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/automotive-differential-global-market-report
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
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Report 2024: Size, Share, Growth, Trends, Demand, Forecast 2033 here
News-ID: 3606666 • Views: …
More Releases from The Business research company
A Deep Dive Into The Aerial Work Platform Market Amidst Construction Boom: A Sig …
The Aerial Work Platform 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 Aerial Work Platform Market Size and Projected Growth Rate?
The Aerial Work Platform Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to…
Global Acute Ischemic Stroke Drugs Market Outlook 2025-2034: Trends, Innovations …
The Acute Ischemic Stroke Drugs 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 Acute Ischemic Stroke Drugs Market Size and Projected Growth Rate?
The Acute Ischemic Stroke Drugs Market Report by The Business Research Company delivers a detailed market assessment, covering size projections…
Wooden Household Furniture Market Report 2025-2034: Industry Overview, Trends, A …
The Wooden Household Furniture 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].
How Big Is the Wooden Household Furniture Market Size Expected to Be by 2034?
The size of the market for wooden household furniture has seen significant expansion in the last few years. It is…
Wireless Charging IC Market Anticipated To Witness Robust Growth, Surpassing $10 …
The Wireless Charging IC 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].
How Big Is the Wireless Charging IC Market Size Expected to Be by 2034?
In recent times, the market size for the wireless charging IC has seen substantial growth. The market value is anticipated…
More Releases for Differential
Automotive Differential Market Trends and Dynamic 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…
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…
Global Demand for Automotive Differential Market to Incur Considerable Upsurge D …
Automotive differential allows the wheels to rotate at different speeds while turning, as the outer wheels have to cover a larger circumference resulting in smooth turning. Other than this, automotive differential helps in multiplying engine power and reducing speed at the output. Automotive differential is the part of rear axle assembly of rear-wheel drives, also consisting of rear drive axles and rear axle housing, which is the final end of…
United States Differential Probes Market: By Voltage Type - Low Voltage Differen …
ResearchMoz presents this most up-to-date research on "United States Differential Probes Market: By Voltage Type - Low Voltage Differential Probes, Medium Voltage Differential Probes & High Voltage Differential Probes".
In this report, the United States Differential Probes market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report…
