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
Research Methodology: Automotive Multi-Wheel Drive Equipment Market - Global Market Assessment, 2021 - 2028
Automotive Multi-Wheel Drive Equipment Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Multi-Wheel Drive Equipment market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Multi-Wheel Drive Equipment market.
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.
