"Market Intelligence for High-Geared Performance"
The increasing demand for driving dynamics such as traction and control in the vehicles by the consumers is likely to boost the all-wheel-drive market during the forecast period. The all-wheel-drive and four-wheel-drive system improves the stability of the vehicle with increased fuel efficiency and power. The growing demand for AWD equipped vehicle from Asia-Pacific and European regions are anticipated to fuel the demand for the all-wheel-drive system market. The developed countries have a significant adoption rate of the all-wheel-drive system as well as the developing countries.
The all-wheel-drive system transmits the power to all-wheels of the vehicle to improve the control and traction of the vehicle. The growing adoption of AWD equipped sports utility vehicles with enhanced driving dynamics such as traction and control over the extreme terrain conditions will propel the growth of the all-wheel-drive system market. The increasing production of the AWD equipped passenger cars will fuel the growth of the market over the forecast period.
Key Market Driver -
The increasing demand for the driving dynamics by the consumers will drive the market over the forecast period.
Key Market Restraint -
The high cost related with all-wheel-drive system will hamper the growth of the market.
The expensive cost of the all-wheel-drive system will be a restraint for the market’s growth. The maintenance cost of the all-wheel-drive system is high, and this will hamper the growth of the all-wheel-drive system market.
Some of the major companies that are present in the automotive all-wheel-drive system market include ZF Friedrichshafen AG ( Germany), Continental AG ( Germany), JTKT Corporation (Japan), and Borg Warner Inc. (U.S.), among others.
The automotive all-wheel-drive system market is segmented into type, vehicle type, and region. Based on the type, the market has been segmented into automatic and manual all-wheel-drive. The automatic all-wheel-drive type is anticipated to dominate the market over the forecast period. The manual all-wheel-drive system will show lucrative growth over the forecast period. By vehicle type, the market has been segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment is expected to dominate the market over the forecast period owing to the increased production of passenger cars equipped with the AWD system and growing demand for the enhanced driving dynamics by the consumers. The light and heavy commercial vehicles are expected to show good growth in the all-wheel-drive system market over the forecast period owing to the better stability with traction and control over the rough terrains by the AWD system.
The global market has been segmented into the four major regions of North America, Europe, Asia Pacific, and Rest of the world. The European Region and the North America region have a high adoption rate of the all-wheel-drive-drive market, and as a result of this, they hold the largest market share. These regions are also anticipated to grow profitable over the forecast period. The increased use of AWD SUVs from these regions has supported the growth of the market.
To gain extensive insights into the market, Request for Customization
The Asia-Pacific region is anticipated to show growth over the forecast period. The increased production and sales of the passenger cars from this region are expected to propel the growth of the all-wheel-drive system market. The better comfort, traction, and control offered by the all-wheel-drive system over the extreme terrains of this region are likely to boost the demand for the all-wheel-drive system from this region.
By Vehicle Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry