Global Automotive Differential Market, By Differential Type (Open, Locking, Limited-Slip Differential (LSD), Electronic Limited-Slip Differential (ELSD) and Torque Vectoring), Drive Type (Front Wheel Drive (FWD), Rear Wheel Drive (RWD) and All-Wheel Drive/ Four Wheel Drive (AWD/4WD)), Vehicle Type (Passenger Car (PC), Light Commercial Vehicle (LCV), Truck and Bus), Hybrid Vehicles (Hybrid Electric Vehicles (HEVS) and Plug in Hybrid Electric Vehicles (PHEVS)), Off-Highway Vehicle Type (Agriculture Tractors, Construction & Mining Equipment, Forklift), Component (Differential Bearing, Differential Gear, Differential Case), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
The automotive differential market will reach an estimated valuation of USD 32.90 billion by 2027, registering the compound growth at 4.46% for the forecast period of 2020 to 2027. The growing demand for fuel efficiency vehicles, commercial & heavy-duty vehicles and increase in infrastructure investments results in the growth of the automotive differential market.
Automotive differential helps in smooth operations by assisting the wheels to revolve at different speeds as the outer wheels have to cover larger circumference. It is a part of the rear axle assembly of rear wheel drives which embodies rear drive axles and rear axle housing which allows or splits the power generated to allow the wheels to move independently.
High investment in infrastructure fuels the demand for construction equipment. Hence, this will result in growth of the automotive differential market. Rising demand for commercial & heavy-duty vehicles, desire of consumers for luxury and SUV vehicles are the key drivers of the automotive differential market.
Furthermore, technological advancements of slip differentials extend opportunity for the automotive differential market. However, the rising need for electric buses and trucks and growing awareness about electric vehicles which accelerates their demand may obstruct the automotive differential market in the forecast period. Creating and delivering electronics which ensures safety could be a challenge for the automotive differential market.
This automotive differential market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on automotive differential market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Differential Market Scope and Market Size
The automotive differential market is divided on the basis of differential type, drive type, vehicle type, hybrid vehicles, off-highway vehicle type and component. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of differential type, the automotive differential market is segmented into open, locking, limited-slip differential (LSD), electronic limited-slip differential (ELSD) and torque vectoring.
- Automotive differential market on the basis of drive type is divided front wheel drive (FWD), rear wheel drive (RWD) and all-wheel drive/ four wheel drive (AWD/4WD).
- Based on the vehicle type, the automotive differential market is classified into passenger car (PC), light commercial vehicle (LCV), truck and bus.
- On the basis of hybrid vehicles, the automotive differential market is segmented into hybrid electric vehicles (HEVS) and plug in hybrid electric vehicles (PHEVS).
- On the basis of off-highway vehicle type, the automotive differential market divides into agriculture tractors, construction & mining equipment and forklift.
- Based on the component, the automotive differential market is segmented into differential bearing, differential gear and differential case.
Global Automotive Differential Market Country Level Analysis
Global automotive differential market is analyzed and market size, volume information is provided by country, differential type, drive type, vehicle type, hybrid vehicles, off-highway vehicle type and component type as referenced above.
The countries covered in the automotive differential market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the automotive differential market due to the increasing vehicle production in countries such as China, who is a key contributor and India. The demand for automotive gear is anticipated to grow significantly in the region. Europe and North America are the fastest growing and mature regions holding the second largest market share after Asia-Pacific.
The country section of the automotive battery sensor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Differential Market Share Analysis
Automotive differential market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive differential market.
The major players covered in the automotive differential market report are Melrose Industries PLC, Eaton, American Axle & Manufacturing, Inc., Dana Limited, BorgWarner Inc., Linamar Corporation, Schaeffler AG, ZF Friedrichshafen AG, JTEKT Corporation, Continental AG, Auburn Gear, LLC, Neapco Holdings LLC, Magna International Inc., Drexler Companies Inc., RT Quaife Engineering Ltd., Xtrac Ltd, NSK Ltd., Bharat Gears Ltd., CUSCO Japan co.,ltd., Zen Technologies Limited, Kermanmotor Co. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Daimler and the Chinese government have agreed to unite their efforts in promoting e-mobility in China which is one of the major pillars of company’s future mobility strategy. The company is escorting this strategy globally, especially in China which is the world’s largest NEV market.
Customization Available : Global Automotive Differential Market
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