In an all-wheel drive (AWD) system, the engine power is distributed to all the four wheels simultaneously. In an AWD, all wheels transmit power and need to rotate at different speeds. Since all four wheels of the vehicle transmit power, the AWD vehicle is also known as a four-by-four vehicle. If the all-wheel drive system is to be used as a four wheel drive, the engine power gets transferred equally to all the four wheels. If required, an AWD system can also be utilized as a two-wheel drive by transferring the power of the engine to only two wheels of the vehicle, while the other two wheels of the vehicle are allowed to spin.
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Demand of consumer for the off-road vehicle is increasing for various activities such as tourism, trekking, and off-road application. Increase in the per capita income and improved infrastructure is further expected to boost the AWD systems market in the near future. Rising public demand for luxurious and more comfortable vehicles is anticipated to fuel the AWD systems market during the forecast period.
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The global AWD Systems Market can be segmented based on vehicle, electric vehicle, type, mode of operation, and region. In terms of vehicle, the AWD systems market can be segmented into passenger vehicles and commercial vehicles. The passenger vehicles segment is expected to expand at a rapid pace during the forecast period owing to the increased production of passenger vehicles.
Based on type, the AWD systems market can be divided into electric AWD system, mechanical AWD system and hybrid AWD system. The mechanical AWD system segment is anticipated to hold a major share of the AWD systems market during the forecast period owing to the rising consumer preference for vehicles with mechanical AWD systems in recent years. Electric AWD system is a recently emerging technology and is likely to need some time to be preferred by consumers across the world.
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