Shibuya-ku, Tokyo, Japan, Japan, Feb 26, 2021, 08:10 /Comserve / -- The report provides detailed profiles of the following companies: GKN (UK), Eaton (Ireland), American Axle (US), JTEKT (Japan),, Dana (US), BorgWarner (US), Linamar (Canada), Schaeffler (Germany), ZF (Germany), Continental (Germany)
“Increase in demand for ICE vehicles and off-highway equipment to upsurge the growth of the automotive differential market.”
The automotive differential market is primarily driven by the increasing demand for the vehicles (PC, LCVs, HCVs). The automotive differential market is projected to grow at a CAGR of 4.27% from 2018 to 2025. From a market size of USD 22.51 billion in 2018, it is projected to reach a market size of USD 30.17 billion by 2025. Major factors driving the growth of this market include the demand for ICE and Off highway vehicles. However, a major restraint for the differential market is the increasing demand for hybrid propulsion light-duty vehicles in developed countries.
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“Increase in demand for SUVs and premium cars to boost the AWD/4WD drive type positively impacting the differential market.”
The AWD/4WD systems are primarily used in the premium segment cars and SUVs. Improving economic conditions, increasing industrialization, and improved living standards of the consumers around the world have increased the demand for premium segment cars and SUVs. Following this demand-led growth, key OEMs have begun to focus on the development of customer-centric SUVs, compact SUVs, or MUV models. These factors would consequently influence the market for multi-wheel drive systems, which in turn would drive the demand for the automotive differential.
“Electronic limited slip differential to be the fastest growing differential type of the automotive differential market.”
The differentials are now getting replaced by the Electronic Limited Slip Differential (ELSD). The ELSD system provides sufficient torque to each wheel with the help of an electronic control unit. The system is useful in case of slippage, as the extra torque is transferred to the wheels with the most traction. The system offers better handling during high-speed curves and lane changes.
“Asia Oceania to be the largest growing market for Automotive Differential Market”
The Asia Pacific region is estimated to dominate the automotive differential market and is projected to be the fastest growing market during the forecast period. Asia Oceania is projected to lead owing to the large vehicle production compared to other regions. Asia Oceania contributed about 50–55% of the global vehicle production in 2017. As per International Organization of Motor Vehicle Manufacturers (OICA), Vehicle production in Asia Oceania grew from 45.6 million units in 2012 to 53.4 million units in 2017, at a CAGR of 3.18% over a period of 5 years. With increase in the vehicle production, the demand for the differential is projected to grow at a significant rate.
The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
Research Coverage
The automotive differential market has been segmented on the basis of drive type (front wheel drive, rear wheel drive, and AWD/4WD), differential type (open differential, locking differential, limited-slip differential, electronically controlled limited-slip differential, and torque vectoring differential), aftermarket components (differential bearings, differential gears, and differential case), on highway vehicle (passenger car, light commercial vehicles, buses, and trucks), off-highway vehicle (construction & mining equipment, agriculture tractors, forklifts), hybrid vehicle (HEV and PHEV) and region (Asia Oceania, Europe, North America, and RoW).
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The report provides insights with reference to the following points:
TABLE OF CONTENTS
1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 19
1.3 MARKET SCOPE 20
1.3.1 MARKETS COVERED 20
1.3.2 YEARS CONSIDERED FOR THE STUDY 21
1.3.3 CURRENCY 21
1.4 LIMITATIONS 22
1.5 PACKAGE SIZE 22
1.6 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.2 SECONDARY DATA 25
2.2.1 KEY SECONDARY SOURCES FOR VEHICLE PRODUCTION 25
2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING 25
2.2.3 KEY DATA FROM SECONDARY SOURCES 26
2.3 PRIMARY DATA 26
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 27
2.3.2 PRIMARY PARTICIPANTS 27
2.4 MARKET SIZE ESTIMATION 28
2.4.1 BOTTOM-UP APPROACH 28
2.5 MARKET BREAKDOWN & DATA TRIANGULATION 29
2.6 ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE OPPORTUNITIES IN THE AUTOMOTIVE DIFFERENTIAL MARKET 34
4.2 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE 35
4.3 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE 35
4.4 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE 36
4.5 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY VEHICLE TYPE 36
4.6 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY DIFFERENTIAL TYPE 37
4.7 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE 38
4.8 AUTOMOTIVE DIFFERENTIAL AFTERMARKET, BY COMPONENTS 38
4.9 AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY 39
4.10 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION 40
5 MARKET OVERVIEW 41
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