The automotive differential is an essential component of an automobile which is used for transferring the required amount of torque to the wheels at different time intervals according to specific requirements. The main functionality of a differential is to help a vehicle turn by limiting the rpm of each wheels. Pinion bearings, side bearings, spider & side gears, and differential drive gears are some of the components integrated into the differential assemblies. Differential supports the wheels to rotate at different rpm via speed reduction at pinion gear assembly and thereby helps in providing better traction.
MARKET DYNAMICS
The strong demand for premium cars and SUVs across the world is the major factor that is driving the growth of the automotive differential market. Differential is an essential component for each and every vehicle. However, locking differential or limited slip differential are costly and are only available in higher end cars.
MARKET SCOPE
The "Global Automotive Differential Market Analysis to 2028" is a specialized and in-depth study of the automotive differential industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive differential market with detailed market segmentation by differential type, drive type, vehicle type, and geography. The global automotive differential market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive differential market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global automotive differential market is segmented on the basis of differential type, drive type, and vehicle type. Based on differential type, the market is segmented as torque vectoring differential, limited-slip differential, locking differential, electronically controlled limited-slip differential, and open differential. Further, based on drive type, the automotive differential market is divided into all-wheel drive/four wheel drive, front wheel drive, and rear wheel drive. Furthermore, on basis of vehicle type, automotive differential market is segmented as passenger cars and commercial vehicles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive differential market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive differential market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive differential market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the automotive differential market for each region.
MARKET PLAYERS
The reports cover key developments in the automotive differential market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from automotive differential market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive differential in the global market. Below mentioned is the list of few companies engaged in the automotive differential market.
The report also includes the profiles of key automotive differential companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- American Axle & Manufacturing, Inc.
- BorgWarner Inc.
- Dana Limited
- Drexler Automotive GmbH
- Eaton Corporation
- GKN plc
- JTEKT Corporation
- Neapco Inc.
- Schaeffler Technologies AG & Co. KG
- ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.