Global Automotive Differential System Market, By Differential Type (Electronic Limited-Slip Differential (ELSD), Locking Differential, Limited-Slip Differential (LSD), Open Differential, Torque Vectoring Differential), Drive Type (Front Wheel Drive (FWD), Rear Wheel Drive (RWD), All Wheel Drive/ Four Wheel Drive (AWD/4WD)), Vehicle Type (Passenger Car (PC), Light Commercial Vehicle (LCV), Heavy Commercial Vehicles, Off-Highway), Component (Differential Bearing, Differential Gear, Differential Case), Propulsion (Internal Combustion Engine Vehicles, Electric Vehicles, Hybrid Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Automotive Differential System Market
Data Bridge Market Research analyses that the automotive differential system market would exhibit a CAGR of 5.60% for the forecast period of 2022-2029. Growing demand for public transportation systems especially in the developing economies, increased adoption of advanced automotive manufacturing technologies, growth and expansion of automotive industry especially in the developing economies and rising level of investment by the major market players for more innovation are the major factors attributable to the growth of automotive differential system market.
Automotive differential system is a gear train that is used to rotate the wheels of an automobiles at different rotational speeds. While turning, outer wheels rotate at a faster speed than the inner wheels. This mechanism is controlled by automotive differential system. An automotive differential system splits engine power and torque into two components, thereby, enabling the vehicle to turn smoothly.
Growth in the level of investments for research and development activities, growing demand of light as well as heavy commercial vehicles and upsurge in the public and private partnership for the development of automotive infrastructure will foster in growth in the market value. Rising application of this advanced technology in the commercial vehicles and surging investment for the development of improved infrastructure will also create lucrative growth opportunities for the market. Growing rate of manufacturing of commercial and passenger vehicles, rising prevalence of intelligent transport system and increasing passenger population will also foster the market growth.
However, lack of technological expertise in the developing and underdeveloped economies will pose a major challenge to the market growth rate. High costs involved with technological innovations and research and development proficiencies, increasing need of high capital investment and dearth of required advanced infrastructural facilities in the underdeveloped regions will hamper the market growth rate. Further, negative impact of COVID-19, developing fail-safe electronic and electrical components and rising demand of hybrid electric vehicles will also restrict the scope of growth for the market.
This global automotive differential system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographic expansions, technological innovations in the market. To gain more info on automotive differential system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Differential System Market Scope and Market Size
The global automotive differential system market is segmented on the basis of differential type, drive type, vehicle type, component and propulsion. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Automotive differential system market on the basis of differential type has been segmented as electronic limited-slip differential (ELSD), locking differential, limited-slip differential (LSD), open differential, and torque vectoring differential. Limited-slip differential (LSD) has been further segmented into clutch plate limited slip differential, and viscous limited slip differential.
- Based on drive type, the automotive differential system market has been segmented into front wheel drive (FWD), rear wheel drive (RWD), and all-wheel drive/ four wheel drive (AWD/4WD).
- On the basis of vehicle type, the automotive differential system market has been segmented into passenger car (PC), light commercial vehicle (LCV), heavy commercial vehicles, and off-highway. Passenger vehicle (PC) has been further segmented into sedans, minivans, hatchbacks, utility vehicles, compact utility vehicles and sedans, and estate wagons. Hatchbacks have been further sub segmented into multi, and sports. Heavy commercial vehicles have been further segmented into truck, and bus. Off-highway has been further segmented into agriculture tractors, construction and mining equipment, and forklift.
- On the basis of component, the automotive differential system market has been segmented into differential bearing, differential gear, and differential case.
- Automotive differential system has also been segmented on the basis of propulsion into internal combustion engine vehicles, electric vehicles, and hybrid vehicles. Internal combustion engine vehicles have been further segmented into spark ignition (S.I.) engine, and compression ignition (C.I.) engine. Hybrid vehicles have been further segmented into hybrid electric vehicles (HEVS), and plug in hybrid electric vehicles (PHEVS).
Automotive Differential System Market Country Level Analysis
The global automotive differential system market is analysed and market size insights and trends are provided by country, differential type, drive type, vehicle type, component and propulsion as referenced above.
The countries covered in the automotive differential system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific region dominates the automotive differential system market and will continue to flourish its trend of dominance during the forecast period owing to the surging demand for passenger vehicles, growing investment by the government for the development of transport infrastructure, growing inclination towards all-wheel and four-wheel drive integrated vehicles in Asian countries, rising disposable income of the people in India and China, growing urbanization and industrialisation and growth and expansion of automotive industry in this region.
The country section of the automotive differential system 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 sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Differential System Market Share Analysis
The automotive differential system 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 system market.
Some of the major players operating in automotive differential system market are GKN Automotive Limited, Eaton., American Axle & Manufacturing, Inc., Dana Limited., BorgWarner Inc., Linamar Corporation, Schaeffler, ZF Friedrichshafen AG, JTEKT Corporation., Continental AG, Auburn Gear, LLC., Neapco Holdings, Magna International Inc., Drexler Automotive GmbH, RT Quaife Engineering Ltd., Xtrac Ltd, NSK Ltd., Bharat Gears Ltd., and CUSCO Japan co.,ltd., among others.
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