Press release
Global Electronic Limited Slip Differential Market Trends 2024
Electronic Limited Slip Differential Market Trends
The new report published by The Business Research Company, titled Electronic Limited Slip Differential Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the electronic limited-slip differential market size has grown rapidly in recent years. It will grow from $3.21 billion in 2023 to $3.60 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The electronic limited-slip differential market size is expected to see rapid growth in the next few years. It will grow to $5.78 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%.
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What Is Driving The Growth Of The Global Electronic Limited Slip Differential Market?
Growth Of The Electronic Limited-Slip Differential Market Driven By Rising SUV Adoption
The increasing adoption of sports utility vehicles is expected to propel the growth of the electronic limited-slip differential market going forward. Sports utility vehicles (SUVs) are versatile vehicles designed for both on- and off-road use, typically characterized by their high ground clearance, ruggedness, and spacious interiors, catering to diverse passenger and cargo needs with robust performance capabilities. The increasing adoption of sports utility vehicles can be attributed to consumer demand for higher ride height, versatility in road conditions, spacious interiors, towing capability, and perceived safety advantages. Electronic limited-slip differentials (e-LSDs) are used in sports utility vehicles (SUVs) to enhance their traction, stability, and overall performance, especially in challenging driving conditions. For instance, in May 2024, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the registrations of conventional SUVs increased from 14.21 million units in 2022 to 16.03 million units in 2023. Therefore, the increasing adoption of sports utility vehicles is driving the growth of the electronic limited-slip differential market.
What Is The Key Trend In The Global Electronic Limited Slip Differential Market?
Advancements In Electronic Limited-Slip Differentials For Enhancing Vehicle Performance And Traction
Major companies operating in the electronic limited-slip differential market are focused on developing innovative products, such as traction-enhancing differentials, to enhance vehicle traction, stability, and performance in various driving conditions. Traction-enhancing differentials are systems designed to improve a vehicle's ability to maintain grip on the road by optimizing power distribution to the drive wheels. For instance, in April 2024, American Axle & Manufacturing Inc., a US-based automobile driveline and drivetrain components and systems manufacturer, launched TracRite, a traction-enhancing family of differentials. It is designed with cutting-edge electronic controls that enable precise torque distribution, enhancing traction and stability across diverse driving conditions. Its adaptive algorithms respond quickly to changing road and off-road scenarios, ensuring optimal performance and safety.
How Is The Global Electronic Limited Slip Differential Market Segmented?
The electronic limited slip differential market covered in this report is segmented -
1) By Type: Front Wheel Drive, Rear Wheel Drive, All Wheel Drive Or Four Wheel Drive
2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicles, Off-Highway
3) By Propulsion: Internal Combustion Engine Vehicles, Electric Vehicles, Hybrid Vehicles
4) By System: Active Limited Slip Differential, Passive Limited Slip Differential
5) By Sales Channel: Aftermarket, Original Equipment Market
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How Is The Competitive Landscape Of The Global Electronic Limited Slip Differential Market?
Major companies operating in the electronic limited slip differential market are Ford Motor Company, Kia Corporation, Magna International Inc., Cummins Inc., Eaton Corporation plc, BorgWarner Inc., JTEKT Corporation, Dana Incorporated, Hyundai WIA Corporation, Linamar Corporation, American Axle & Manufacturing Holdings Inc., NTN Corporation, GKN Automotive Ltd., Oerlikon Graziano SpA, Meritor Inc., Quaife Engineering Ltd., Xtrac Ltd., Carwow Ltd., MarkLines Co. Ltd., Dubizzle Group, KAAZ Racing Ltd., Torque Technologies, BimmerPost, Koyo Seiko Co. Ltd., WardsAuto
Contents Of The Global Electronic Limited Slip Differential Market
1. Executive Summary
2. Electronic Limited Slip Differential Market Report Structure
3. Electronic Limited Slip Differential Market Trends And Strategies
4. Electronic Limited Slip Differential Market - Macro Economic Scenario
5. Electronic Limited Slip Differential Market Size And Growth
…..
27. Electronic Limited Slip Differential Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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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.
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