AWD Systems Market to grow at over 8% CAGR from 2016 to 2024

The Research Report on “Automotive Multi Wheel Drive (AWD) Systems Market Size, Industry Outlook, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development, Competitive Landscape & Forecast, 2016 – 2024”, Automotive Multi-Wheel Drive (AWD) Systems Market size is expected to grow at 8% CAGR from 2016 to 2024. The need to alleviate the rising automobile accidents and reduce the impact of crashes on the driver and passengers has led to the development of Multi Wheel Drive (MWD) or All Wheel Drive (AWD) systems.

In multi wheel or four-wheel drive, all wheels receive power where in the front and rear wheels rotate at the same speed, which improves traction and stability. Improved safety, stability, fuel efficiency and drive control are some of the factors which will accelerate the AWD systems market growth.

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In unfavorable terrains or for off-road driving like sand, snow or climbing slippery hills where wheel slips may occur, the 4WD helps to evenly distribute the power to front and rear axles thus controlling power in all wheels and keeping a straight traction. Rise in demand for powerful commercial heavy duty vehicles such as trucks and lorries as well as for SUVs and vehicles with high torque driving experience will accelerate AWD systems market growth.

AWD requires different components for the drive train which are expensive, thus making this technology costly and available in high end segments. High cost of ownership and lack of awareness may hamper the industry growth.

The part time AWD is a temporary drive system in which normally the rear axle is driven, in unfavorable slippery conditions the front axle is activated by the driver using a button or lever. Full AWD is a permanently engaged alternative in which all the wheels of the vehicle are powered at all times. It consists of a center differential which lets each wheel travel different distances while turning. Automatic technology consists of a center differential which is engaged when wheel slipping occurs. Torque is transferred to the other axle and both rear and front axles run at same speeds until the speed difference between all wheels is eliminated and the vehicle runs back in 2WD mode.

Passenger cars had the highest AWD systems market share owing to increase in demand, sales of these vehicles and rising trend of SUV’s from emerging economies. Passenger cars include sedan class, hatchback, SUV’s, MUV’s and Multi-purpose vehicles. Heavy commercial vehicles include trucks, buses, lorries and others.

Europe and U.S. AWD systems market have the highest share due to high penetration of SUV’s and mini sports vehicles. Emerging economies like India, China, Japan, are seeing an increase in purchasing power of consumers which has led to an increased demand for luxury and high end vehicles with multi-wheel drive systems in APAC.

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Major players are Borg Warner Inc, Continental AG, ZF Friedrichshafen AG, JTKT Corporation, Magna International Inc. Other players include American Axle Manufacturing, Eaton Corporation, GKN Plc, Dana Holding Corporation, Oerlikon Inc, Mitsubishi Motors.

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