Automotive Differential Market Size, Share to Grow Tremendously During 2020-2027 Industry News

Automotive Differential Market Size, Share to Grow Tremendously During 2020-2027 Industry News

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The MarketWatch News Department was not involved in the creation of this content.

Nov 27, 2020 (Market Insight Reports) —
Selbyville, Delaware. Global Automotive Differential Market is valued approximately USD 23.72 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.2 % over the forecast period 2020-2027.

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Major market player included in this report are:

  • GKN

  • Eaton

  • American Axle

  • JTEKT

  • Dana

  • BorgWarner

  • Linamar

  • Schaeffler

  • ZF

  • Continental

Automotive Differential is a mechanism used to split the torque generated by the engine in two ways. This split allows each output to spin at different speeds. the differential allows the outer drive wheel to rotate faster than the inner drive wheel during a turn.

This is necessary when the vehicle turns, making the wheel that is traveling around the outside of the turning curve roll farther and faster than the other. The Massive production of the automobiles across the globe drives the market growth. Also, growing preference towards modern and premium cars which majorly uses these differential system fuels the market growth.

As per German Trade and Invest, 2018, Germany is world’s premium car production hub with 70% of all premium branded vehicles made by German OEMs.

Moreover, of the total premium car produced in 2017 globally, Germany produced 38% and UK produced 7%. Further, the need for better traction and increased fuel efficiency supports the market growth. Major demand from the Crossover and SUVs segment of the Automotive which has all wheel or four- wheel drive fosters the demand for automotive differential. However, increasing demand for electric vehicles impedes the growth of the market over the forecast period of 2020-2027. As these vehicles use pure electric powertrain systems which eliminates the requirement of differentials.

The regional analysis of global Automotive Differential market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the large demand for Four-wheel drive and growing automotive production in the region.

Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing disposable income would create lucrative growth prospects for the Automotive Differential market across Asia-Pacific region.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Differential Type:

  • Open

  • Locking

  • Limited Slip

  • Electronically Controlled Limited Slip

  • Torque Vectoring

By Drive Type:

  • Front Wheel Drive

  • Rear Wheel Drive

  • All Wheel Drive/4 WD

By Vehicle Type:

  • Passenger Cars

  • Light Commercial Vehicle

  • Heavy Commercial Vehicle

  • Hybrid Vehicles

  • Off-Highway Vehicles

By Components:

By Region:

  • North America

  • S.

  • Canada

  • Europe

  • UK

  • Germany

  • France

  • Spain

  • Italy

  • ROE

  • Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

  • RoAPAC

  • Latin America

  • Brazil

  • Mexico

  • Rest of the World

Furthermore, years considered for the study are as follows:

  • Historical year – 2017, 2018

  • Base year – 2019

  • Forecast period – 2020 to 2027

Target Audience of the Global Automotive Differential Market in Market Study:

  • Key Consulting Companies & Advisors

  • Large, medium-sized, and small enterprises

  • Venture capitalists

  • Value-Added Resellers (VARs)

  • Third-party knowledge providers

  • Investment bankers

  • Investors

For More Details On this Report:https://www.marketstudyreport.com/reports/global-automotive-differential-market-size-research

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This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on editorial@themarketpublicist.com

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