Automotive All Wheel Drive Market: Recent Industry Developments And Growth Strategies Adopted By Players

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In the normal drive mode, the vehicle runs in 2-wheel drive, with its rear wheels receiving power and pushing the front wheels. In all wheel drive, all wheels receive power where in the front and rear wheels rotate at the same speed, which improves traction and stability. Improved safety, stability, fuel efficiency and drive control are some of the factors which will accelerate the automotive all wheel drive market growth. for off-road driving like sand, snow or climbing slippery hills where wheel slips may occur, the all wheel drive helps to evenly distribute the power to front and rear axles thus controlling power in all wheels and keeping a straight traction. Rise in demand for powerful commercial heavy duty vehicles such as trucks and lorries as well as for SUVs and vehicles with high torque driving experience will accelerate all wheel drive market growth. Earlier, these systems were available only in high-end cars but the introduction in small passenger cars and hybrid electric vehicles has led to an increase in global demand. Increase in passenger safety concerns and stringent government motor vehicle safety regulations will act as an opportunity for this industry in the forecast period.

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The global automotive all wheel drive market can be segmented based on technology, vehicle, electric vehicle, and region. In terms of technology, the automotive all wheel drive market can be classified into automatic all wheel drive, and manual all wheel drive. The automatic all wheel drive segment is expected to play a key role in the global automotive all wheel drive market during the forecast period. Automobile manufacturers and technical vendors are investing in automatic wheel drive in order to gain competitive advantage in the automotive all wheel drive market. Based on vehicle, the automotive all wheel drive market can be divided into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. . The passenger vehicle segment is estimated to expand significantly during the forecast period due to the rise in income level and significant difference in the average amount of money spent on performance-enhancing, and energy-efficient technology for personal use vehicle. Based on electric vehicle, the automotive all wheel drive market can be segregated into battery vehicle, hybrid electric vehicle, and plug in hybrid electric vehicle. Increase in government support for green vehicles is propelling the demand for electric vehicles. This, in turn, is augmenting the demand for automotive all wheel drive market. The hybrid electric vehicle segment is anticipated to hold a prominent share of the automotive all wheel drive market during the forecast period.

Based on geography, the global automotive all wheel drive market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe and the U.S. automotive all wheel drive market expand significantly due to high penetration of SUV’s and mini sports vehicles. Emerging economies like India, China, Japan, are seeing an increase in purchasing power of consumers which has led to an increased demand for luxury and high end vehicles with automotive all wheel drive market in Asia Pacific.

Key player operating in the global automotive all wheel drive market are ZF Friedrichshafen AG, Magna International Inc., BorgWarner Inc., Continental AG, JTEKT Corporation, BorgWarner Inc., and Haldex.