This industry research report outlines the market forecast and growth prospects for four wheel drive (4WD) vehicles until 2019. The research reports details the market segmentation by standard 4WD and premium 4WD. It provides the market shares of APAC, Americas, and EMEA. The leading vendors of this market analyzed include BMW, Dacia, Daimler, GM, Hyundai, Land Rover, and Volvo.
Technavio’s market research analysts estimate the global 4WD vehicle market to grow at a CAGR of around 3% between 2015 and 2019. The rising demand for sports utility vehicles (SUVs) fitted with multi-wheel drive (MWD) propels the growth of this market. The Americas lead the global market for 4WD vehicles, accounting for 45% of the overall market share. The steady demand of light vehicles in emerging economies is expected to account for over 60% of the overall automobile sales by 2019.
The new market research report from Technavio provides a breakdown and analysis of the 4WD vehicles segments by technology.
“Of late, the automotive manufactures are launching new 4WD systems, especially for hybrid electric vehicles (HEVs). The growing demand for these vehicles among the emerging middle class drives the demand for 4WDs. For instance, GKN Automotive is designing and developing advanced drivetrain technologies to support hybrid electric vehicles (EVs). Also, the manufacturers are focusing on 4WD systems advancements to improve fuel efficiency, better driving experience, enhanced safety and optimized traction,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research
The growth of the global standard 4WD vehicle market is expected to be fueled by the steady growth of the global light vehicle market. The steady demand of light vehicles in emerging economies is expected to account for over 60% of the overall automobile sales by 2019.
The key players in the global 4WD vehicle market include BMW, Dacia, Daimler, GM, Hyundai, Land Rover, and Volvo. The market is dominated by several international players that are expanding their footprint in developing nations of the APAC region. During the forecast period, market vendors are anticipated to increase their focus on matching stringent fuel efficiency standards. The other prominent vendors of this market include Audi, Chevrolet, FIAT, HONDA, Nissan, PSA, Skoda, TATA, Toyota, and Volkswagen.
A more detailed analysis is available in the Technavio report, Global 4WD Vehicle Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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