According to IMARC Group’s latest report, titled “Automotive Differential Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global automotive differential market reached a value of US$ 20.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2027, exhibiting at a CAGR of 5.2% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The automotive differential refers to a system of gears that transmits the engine’s torque to the wheels. Locking, open, torque vectoring, limited electronic slip and limited slip are some commonly available variants of automotive differential. They are utilized to spin wheels at different speeds and to split power from the engine. The automotive differential is present in front-wheel drive (FWD), rear-wheel drive (RWD), four-wheel drive (4WD) and all-wheel drive (AWD). It is extensively used in off-highway vehicles, passenger cars and light and heavy commercial vehicles.
Market Trends and Drivers:
The global automotive differential market is primarily being driven by the widespread product utilization in the automotive industry. Differentials are extensively utilized in high-performance vehicles that aid in the management of speed. Moreover, the increasing adoption of electronically limited-slip differential (ELSD) is providing a thrust to the market growth. It assists in delivering enhanced safety, comfort and stability to the vehicle. Other factors, including the rising expenditure capacities of the consumers and the increasing demand for luxurious, AWD, 4WD and electric vehicles (EVs), are anticipated to positively impact the market growth.
Automotive Differential Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the automotive differential market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- American Axle & Manufacturing Inc.
- Borgwarner Inc.
- Continental AG
- Dana Limited
- Eaton Corporation Inc.
- GKN Plc (Melrose Industries)
- JTEKT Corporation (Toyota Motor Corporation)
- Linamar Corporation
- PowerTrax
- Schaeffler Group
- ZF Friedrichshafen AG
Key Market Segmentation:
The report has segmented the global automotive differential market on the basis of type, drive type, vehicle, component, vehicle propulsion type and region.
Breakup by Type:
- Electronic Limited-Slip Differential (ELSD)
- Locking Differential
- Limited-Slip Differential (LSD)
- Open Differential
- Torque Vectoring Differential
Breakup by Drive Type:
- Front Wheel Drive (FWD)
- Rear Wheel Drive (RWD)
- All Wheel Drive/ Four Wheel Drive (AWD/4WD)
Breakup by Vehicle:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Off-highway Vehicle
Breakup by Component:
- Differential Bearing
- Differential Gear
- Differential Case
Breakup by Vehicle Propulsion Type:
- C. Engine Vehicle
- Spark Ignition Engine based Vehicle
- Compression Ignition Engine based Vehicle
- Electric Vehicle
- Battery Electric Vehicle
- Fuel Cell Electric Vehicle
- Hybrid Electric Vehicle
- Hybrid Electric
- Plug-in Hybrid Electric
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://bit.ly/3IE46YG
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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