The Global Automotive Differential Market (2018-2025) by Type, Drive Type, Vehicle Type, Hybrid Vehicles, Off-highway, Components Aftermarket, and Region - ResearchAndMarkets.com
Aug. 20, 2018
DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The "Automotive Differential Market by Type, Drive Type , Vehicle Type, Hybrid Vehicles, Off highway, Components Aftermarket, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The automotive differential market is projected to grow at a CAGR of 4.27% from 2018 to 2025. From a market size of USD 22.51 billion in 2018, it is projected to reach a market size of USD 30.17 billion by 2025.
Increase in demand for ICE vehicles and off-highway equipment to upsurge the growth of the automotive differential market. The automotive differential market is primarily driven by the increasing demand for the vehicles (PC, LCVs, HCVs). However, a major restraint for the differential market is the increasing demand for hybrid propulsion light-duty vehicles in developed countries.
Increase in demand for SUVs and premium cars to boost the AWD/4WD drive type positively impacting the differential market
The AWD/4WD systems are primarily used in the premium segment cars and SUVs. Improving economic conditions, increasing industrialization, and improved living standards of the consumers around the world have increased the demand for premium segment cars and SUVs. Following this demand-led growth, key OEMs have begun to focus on the development of customer-centric SUVs, compact SUVs, or MUV models. These factors would consequently influence the market for multi-wheel drive systems, which in turn would drive the demand for the automotive differential.
Electronic limited slip differential to be the fastest growing differential type of the automotive differential market
The differentials are now getting replaced by the Electronic Limited Slip Differential (ELSD). The ELSD system provides sufficient torque to each wheel with the help of an electronic control unit. The system is useful in case of slippage, as the extra torque is transferred to the wheels with the most traction. The system offers better handling during high-speed curves and lane changes.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Differential Market, By Differential Type
7 Automotive Differential Market, By Drive Type
8 Automotive Differential Market, By Vehicle Type
9 Automotive Differential Market, By Hybrid Type
10 Automotive Differential Market for Hybrid Vehicles, By Differential Type
11 Automotive Differential Market, By Off-Highway Vehicle Type
12 Automotive Differential Aftermarket, By Component
13 Automotive Differential Market, By Region
14 Competitive Landscape
15 Company ProfilesAmerican Axle Auburn Gear Bharat Gears Borgwarner Continental Cusco Dana Drexler Eaton GKN JTEKT Kermankhodro Linamar Magna Neapco NSK Quaife Schaeffler Xtrac ZEN ZF
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Related Topics:Automotive Aftermarket,Electric and Hybrid Vehicles,Automotive Drivetrain and Transmission Components
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE AFTERMARKET
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/20/2018 07:44 AM/DISC: 08/20/2018 07:44 AM