Automotive Multi-Wheel Drive Equipment Market
Automotive Multi-Wheel Drive Equipment Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0594
Segments Covered
By
Product Types Manual Multi-wheel Drive (manual MWD), Automatic Multi-wheel Drive (automatic MWD)
-
By
Vehicle Type Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
25.57 Billion |
 Revenue 2028:
|
54.06 Billion |
 Revenue CAGR
(2021 - 2028): |
9.81% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
| Sr. No. | Offering | Report Coverage |
| 1. | Market Size | In terms of Revenue (USD Million) |
| 2. | Historic Data | 2015 to 2019 |
| 3. | Forecast Data | 2021 to 2028 |
| 4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
| 5. | Market Attractiveness Analysis | Yes |
| 6. | Segment Analysis | Maximum Segments |
| 7. | Regional Coverage | 5 Regions |
| 8. | Country Coverage | Top 22 Countries |
| 9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
| 10. | Porter’s Five Forces Analysis | Yes. |
| 11. | Value Chain Analysis | Yes |
| 12. | PEST Analysis | Yes |
| 13. | Regulatory Landscape | Yes |
| 14. | Technology Landscape | Yes |
| 15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
| 16. | Top startups to watch out for | Yes |
| 17. | Top 3 Trends to Watch | Yes |
| 18. | Top 3 Strategies Followed by Major Players | Yes |
| 19. | Top 3 Predictions by Vantage Market Research | Yes |
| 20. | Discussion Guide | Yes |
| 21. | Key Primary Respondents - VERBATIM | Yes |
| 22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
| 23. | Others/Miscellaneous | |
FAQ
Frequently Asked Question
What is the global demand for Automotive Multi-Wheel Drive Equipment in terms of revenue?
-
The global Automotive Multi-Wheel Drive Equipment valued at 25.57 Billion in 2020 and is expected to reach 54.06 Billion in 2028 growing at a CAGR of 9.81%%.
Which are the prominent players in the market?
-
The prominent players in the market are ZF Friedrichshafen, Continental, Magna International, GKN (GKN Driveline), American Axle Manufacturing, Oerlikon AG (Oerlikon Fairfield), Dana Holding, BorgWarner, JTEKT..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 9.81%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automotive Multi-Wheel Drive Equipment include
- The increasing demand for fuel efficient vehicles is anticipated to augment the growth of the automotive multi-wheel drive equipment market during the forecast period. The use of multi-wheel drive system provides improved fuel efficiency, stability, control, safety, and an enhanced driving experience at the same time. These features have led the automobile companies to invest extensively in these systems. Furthermore, the increase in demand for SUVs is also driving the demand for the automotive multi-wheel drive equipment market.
- The increasing inclination towards using developed technologies is expected to support the growth of the automotive multi-wheel drive equipment market in the years to come. This shift of automotive industry towards using advanced technologies is to decrease the vehicle crashes, reduce the percentage of accidents and mitigate the impact of accidents on passengers. Furthermore, these systems are affordable and also provide safety.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Automotive Multi-Wheel Drive Equipment in 2020.
