Automotive Differential Market to Reach $28.57 Bn, Globally, by 2026 at 5.2% CAGR: Allied Market Research

PORTLAND, Ore., Oct. 26, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Automotive Differential Market by Drive Type (Front-Wheel Drive (FWD), and Rear-Wheel Drive (RWD)), Vehicle Type (Passenger Car, Commercial Vehicle, and Electric vehicle), and Type (Open, Locking, LSD, ELSD, and Torque Vectoring): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global automotive differential market generated $19.16 billion in 2018, and is expected to reach $28.57 billion by 2026, witnessing a CAGR of 5.2% from 2019 to 2026.

Request Sample Report at https://www.alliedmarketresearch.com/request-sample/6123

Prime determinants of growth

Surge in demand for commercial vehicles and significant rise in automobile manufacturing drive the global automotive differential market. However, increase in manufacturing of vehicles with in-wheel electric motors restrain the market growth. On the other hand, manufacturing of electronic limited slip differentials offers new opportunities in coming years.

The front-wheel drive (FWD) segment to maintain its lead position throughout the forecast period

Based on drive type, the front-wheel drive (FWD) segment contributed to more than half of the total share of the global automotive differential market in 2018, and is estimated to maintain its lead position throughout the forecast period. This is due to its attribute to reduce weight, production costs, and fuel consumption. However, the all-wheel drive (AWD) segment is expected to witness the highest CAGR of 6.1% from 2019 to 2026, owing to increase in power and better control than other wheel drive systems along with improved handling proficiencies on different surfaces.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/6123

The passenger car segment to continue its dominant position in terms of revenue by 2026

Based on vehicle type, the passenger car segment held the highest market share of the global automotive differential market, contributing to more than four-fifths of the total market share in 2018, and is estimated to continue its dominant position in terms of revenue by 2026. This is due to increase in infrastructural development activities. However, the electric vehicle segment is expected to register the fastest CAGR of 13.6% from 2019 to 2026. This is attributed to increase in demand for fuel efficient vehicles and government regulations for emission reduction.

Asia-Pacific to offer lucrative opportunities, North America to grow at moderate pace

Based on region, Asia-Pacific accounted for the highest share on the basis of revenue, contributing to more than two-fifths of the global automotive differential market in 2018, and is expected to continue its highest share during the forecast period. Moreover, this region is projected to register the fastest CAGR of 6.4% from 2019 to 2026. It is a lucrative segment, owing to surge in demand for commercial vehicles and the growth of the automotive industry. However, North America held nearly one-fifth of the total market share in 2018 and is estimated to grow at moderate pace.  

Schedule a Free Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/6123

Leading market players

• GKN
• Eaton
• Dana
• ZF Friedrichshafen AG
• Schaeffler Technologies AG & Co. KG
• BorgWarner Inc.
• Continental AG
• JTEKT Corporation
• American Axle & Manufacturing Inc.
• Linamar Corporation

Similar Reports on Automotive & Transportation Industry:

E-Axle Market by Drive Type (Forward Wheel Drive, Rear Wheel Drive, and All-wheel Drive), Component (Combining Motors, Power Electronics, Transmission, and Others), and Vehicle Type (ICE Vehicle (Passenger & Commercial Vehicles), and Electric Vehicles): Global Opportunity Analysis and Industry Forecast, 2018–2025.

Automotive Steering Wheel Switch Market by Cover (Split and Modular) and Application (Passenger Vehicles and Commercial Vehicles) - Global Opportunity Analysis and Industry Forecast, 2017-2025.

Automotive Flywheel Market by Type (Single Mass, Dual Mass, and Others), Material (Cast Iron, Maraging Steel, and Aluminum Alloy), Transmission Technology (Manual Transmission, Semi-Automatic Transmission, and Automatic Transmission), Distribution Channel (OEM and Aftermarket), and Vehicle Type (Passenger and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2018–2025.

Automotive Wheel Market by Material type (Alloy, Steel, and Carbon Fiber), Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle), and End User (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2018 – 2025.

Automotive Fifth Wheel Coupling Market by Type (Compensating Fifth Wheel, Semi-Oscillating Fifth Wheel, and Fully Oscillating Fifth Wheel), Actuation Type (Hydraulic Actuation, Pneumatic Actuation, and Mechanical Actuation), and Vehicle Tonnage Type (6 – 20 Tons, 21 – 44 Tons, and 45 Tons and above): Global Opportunity Analysis and Industry Forecast, 2020–2027.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |

View original content:http://www.prnewswire.com/news-releases/automotive-differential-market-to-reach-28-57-bn-globally-by-2026-at-5-2-cagr-allied-market-research-301159458.html

SOURCE Allied Market Research