According to a new market report published by Lucintel, the future of the global automotive differential market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle segments. The global automotive differential market is expected to grow with a CAGR of 5% from 2021 to 2026. The major drivers for this market are rising demand for commercial & heavy-duty vehicles, growing demand for all wheel drive vehicles, and increase in infrastructure investments.
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In this market, front wheel drive, rear wheel drive, and all wheel drive/four wheel drive are used in automotive differential. On the basis of comprehensive research, Lucintel forecasts that all wheel drive/four wheel drive will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the growing demand for improved vehicle safety, stability, & enhanced driving dynamics and increasing demand for SUVs.
Within the global automotive differential market, the passenger car segment is expected to witness the highest growth over the forecast period due to increasing per capita income, improved standard of living, increasing sale of passenger cars, and stringent rules and regulations of governments.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to an upsurge in the number of vehicles, rising automotive industry, and the presence of a large number of contract manufacturers as well as high adoption of automation processes.
Emerging trends, which have a direct impact on the dynamics of the industry, include technological advancements of slip differentials, rise of electric vehicles, and increasing demand for artificial intelligence in machine vision. ZF Friedrichshafen AG, Eaton, BorgWarner, Schaeffler, GKN PLC, JTEKT Corporation, DANA Limited, Neapco Inc., Auburn Gear LLC, and Jiangsu Pacific Precision Forging Co., Ltd. are among the major suppliers of the automotive differential market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive differential market by differential type, drive type, hybrid type, component, vehicle type, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Differential Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive differential market by differential type, drive type, hybrid type, component, vehicle type, and region, as follows:
By Differential Type [Value ($ Million) from 2015 to 2026]:
Open Differential
Locking Differential
Limited Slip Differential
Electronic Limited Slip Differential
Torque Vectoring Differential
By Drive Type [Value ($ Million) from 2015 to 2026]:
Front Wheel Drive
Rear Wheel Drive
All Wheel/Four-Wheel Drive
By Hybrid Type [Value ($ Million) from 2015 to 2026]:
Hybrid Electric Vehicles (HEVs)
Plug in Hybrid Electric Vehicles (PHEVs)
By Component [Value ($ Million) from 2015 to 2026]:
Differential Bearing
Differential Case
Differential Gear
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.