Press release
Automotive Transfer Case Market Is Expected To Generate Huge Profits by 2025
Increasing automotive production, combined with rising fuel efficiency standards are the key factors driving growth in the global automotive transfer case market. Moreover, the need for high strength in off-road vehicles to increase the overall efficiency during harsh conditions is expected to generate revenue in the global automotive transfer case market.
The global automotive transfer case market is segmented on the basis of drive type, housing type, shift type, vehicle type, sales channel and region.
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On the basis of drive type, the global automotive transfer case market can be segmented into gear-driven and chain-driven. The gear-driven segment is expected to register the highest growth rate, primarily due to its increasing adoption in the production of passenger vehicles. However, the chain-driven segment is primarily driven by off-road and heavy commercial vehicles due to the increased strength it offers.
On the basis of housing type, the global automotive transfer case market can be segmented into married and divorced/ independent.
Based on shift type, the global automotive transfer case market can be segment into MSOF (Manual Shift on the fly) transfer case and ESOF (Electronic shift on the fly) transfer case.
On the basis of vehicle type, the global automotive transfer case market can be segmented into passenger vehicles, LCVs (low commercial vehicles), HCVs (heavy commercial vehicles), buses & trucks and off-road vehicles.
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Based on sales channel, the global automotive transfer case market is segmented into OEMs and after-market sales. After-market sales is primarily driven by the off-road driving enthusiast. It has been observed that majority of off-road vehicle drivers modify their vehicles to use gear-driven transfer cases to gain additional strength at the cost of extra weight and noise.
Asia pacific is expected to hold the largest market share over the forecast period, primarily due to rising automobile production in the region. Second to Asia Pacific, Europe is expected to take the lead in terms of market share in the global automotive transfer case market.
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