All-Wheel Drive Industry Growth more than 7.83% by 2023: Analysis by Size, Share, Trend

[Ajit B]

All-Wheel Drive Industry Highlights:

An all-wheel drive is a drivetrain that distributes torque to all wheels of the vehicle in part-time or full-time. In full time all-wheel drive system, all axles are permanently connected with or without differential and part-time all-wheel drive one axle is connected to the drive and other axle is connected as needed. All-wheel drive systems are more often used in SUVs, CUVs, luxury sedans, electric vehicles, and high-end sports vehicles to meet the demand for stability, control, safety and enhance the driving experience.

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On the basis of type, the market is segmented as manual AWD and automatic AWD. Manual AWD segment is estimated to dominate the market during the forecast period owing to increase in demand for sport utility vehicles is expected to drive the market for manual all-wheel drive systems, as it mostly used in SUVs. On the basis of propulsion, the market is segmented as ICE vehicle and electric vehicle. The electric vehicle is further segmented into Battery Electric Vehicle (BEV), Hybrid Electric Vehicles (HEVs), and Plug-in hybrid electric vehicles (PHEVs). ICE vehicle is estimated to dominate the market during the forecast period owing to growing demand for AWD vehicles with conventional ICEs, which is the most dominant factor driving the market. On the basis of application, the market is segmented as on-road and off-road. On-Road segment is expected to dominate the market during the forecast period owing to the availability of wide variety of vehicles include sport utility vehicles, racing cars, utility vehicles, and others for on-road application and large number of on-road users are expected to enhance the market share for the on-road segment. On the basis of vehicle type, the market is segmented as passenger vehicle and commercial vehicle. Passenger vehicle segment is expected to dominate the market during the forecast period owing to the increased population, rising purchasing power, and stringent government regulations regarding the vehicle emission level are expected to enhance the market share for the passenger car segment.

The global all-wheel drive industry is expected to grow at ~7.83% CAGR during the forecast period.

Market Research Analysis

North America held the largest market share in the global all-wheel drive market.

Region-wise, North America held the largest market share of the global all-wheel drive market in 2017. North America is actively adopting new technologies in AWD equipped vehicles due to the presence of luxury vehicles and SUV manufacturers such as General Motors, Tesla, Inc., and Ford Motor Company. It is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to the increased consumption and production of vehicles, both passenger and commercial. Europe is expected to be the second largest market during the forecast period owing to the EU revealed regulatory laws for vehicle emissions, which increased the demand for all-wheel drive systems in vehicles, due to their low emission capabilities.

Scope of the Report

This report provides an in-depth analysis of the global all-wheel drive industry, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific, Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the all-wheel drive market by its type, propulsion, application, vehicle type, and by region.

Type

Manual AWD

Automatic AWD

Propulsion

ICE Vehicle

Electric Vehicle

Battery Electric Vehicle (BEV)

Hybrid Electric Vehicle (HEV)

Plug-in Hybrid Electric Vehicle (PHEV)

Application

On-Road

Off-Road

Vehicle Type

Passenger Vehicle

Commercial Vehicle

Region

North America

US

Canada

Europe
Germany

UK

France

Italy

Rest of Europe

Asia-Pacific
China

Japan

India

Rest of Asia-Pacific

Rest of the World (RoW)
Latin America

Middle East & Africa

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Key Players

The key players operating in the global all-wheel drive market are American Axle & Manufacturing, Inc. (US), GKN PLC (UK), Magna International Inc. (Canada), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (US), Continental AG (Germany), JTEKT Corporation (Japan), Dana Limited (US), Eaton (Ireland), and Oerlikon (Italy).

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