This research report presents forecast of the automotive multi-wheel drive systems market according to vehicle types such as passenger cars, light commercial vehicles, and heavy commercial vehicles. It discusses the two transmission types (manual MWD and automatic MWD). The report includes a breakdown of market shares for the Americas, EMEA, and the APAC regions. It features an analysis of the leading vendors in the market such as BorgWarner, Continental, JTEKT, Magna International, and ZF Friedrichshafen.
Technavio analysts forecast the Global Automotive Multi-wheel Drive Market 2015-2019 to grow at a CAGR of around 6% between 2015 and 2019 on account of the strong demand for the SUVs considering improved safety and control offered by these vehicles.
The new industry analysis report from Technavio presents an insightful breakdown of the automotive multi-wheel drive systems market highlighting its growth potential through key drivers and trends.
APAC is one of the major revenue contributors of the market, accounting for around 53% of the global automotive multi-wheel drive systems market in 2014, closely followed by the Americas and EMEA. Increased production and demand for automobiles, especially passenger cars and commercial vehicles is deriving from emerging markets like India and China.
Segmentation of Global Automotive Multi-wheel Drive Market by Geography 2014 and 2019
Source: Technavio Research
Based on transmission types, the manual multi-wheel drive occupied around 58% of the market share in 2014, in terms of unit sales; however, owing to the shifting choices of both the consumers and automobile manufacturers towards automatic AWD, this segment is expected to dominate the market in the coming years with a CAGR of around 7%. Demand for these electronically controlled systems is increasing because of better control and safety provided by these systems compared to manual MWD systems.
“Swift adoption of AWD in the hybrid EVs has gained momentum in the global automotive multi-wheel drive market. Various benefits offered by EVs including abridged carbon emissions, better fuel efficiency, reduced dependence on natural resources for fuel, and better performance, has prompted the automotive multi-wheel drive system manufacturers to focus and launch new multi-wheel drive systems such as AWD especially for the hybrid EVs,” says Sriram Mohan, Lead Analyst, Automotive, Technavio Research.
Some prominent vendors of this market include BorgWarner, Continental, JTEKT, Magna International and ZF Friedrichshafen. These vendors look keen to leverage the growing adoption of advanced multi-wheel drive systems in hybrid vehicles to ensure safety and improved driving experience at the same time.
A more detailed analysis is available in the Technavio report, Global Automotive Multi-wheel Drive Market 2015-2019. We can customize reports by other regions and specific segments upon request.
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