The AWD systems (All-Wheel Drive Systems) or 4-wheel drive systems (4WD systems) have enhanced the stability of the vehicles with increased power and fuel efficiency. AWD system transmitted the power to all the wheels of the vehicle to improve the traction and control of the vehicle. Also, it distributes the torque equally between the axles when the vehicle is turning. The growing use of sports utility vehicles, extreme climatic or terrain conditions, rising need for stability, and enhanced driving dynamics are the major driving factors for the AWD systems market growth.
MARKET DYNAMICS
Rapidly growing demand for an off-road vehicle for various activities such as tourism, trekking, etc. and increasing demand for luxurious and more comfortable vehicles in the emerging regions are significantly boosting the growth of the AWD systems market. However, the high cost associated with the AWD systems is the key hindering factor for the growth of the AWD systems market. Moreover, numerous benefits associated with the AWD system and increased safety awareness and rise in demand for SUVs and powerful commercial vehicles are expected to influence the AWD systems market growth during the forecast period.
MARKET SCOPE
The "Global AWD Systems Market Analysis to 2028" is a specialized and in-depth study of the AWD systems industry with a special focus on the global market trend analysis. The report aims to provide an overview AWD systems market with detailed market segmentation as system type, vehicle type, and geography. The global AWD systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading AWD systems market players and offers key trends and opportunities in the AWD systems market.
MARKET SEGMENTATION
The global AWD systems market is segmented on the basis of system type, vehicle type. On the basis of system type the market is segmented as manual, automatic. On the basis of vehicle type the market is segmented as passenger cars, light commercial vehicles, heavy commercial vehicles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global AWD systems market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The AWD systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
`The report analyzes factors affecting AWD systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the AWD systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the AWD systems 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 way for expansion of business and customer base of market players. The market players from AWD systems market are anticipated to lucrative growth opportunities in the future with the rising demand for AWD systems in the global market. Below mentioned is the list of few companies engaged in the AWD systems market.
The report also includes the profiles of key AWD systems 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 last 3 years, key development in past five years.
- American Axle & Manufacturing, Inc.
- BorgWarner Inc.
- Continental AG
- Dana Incorporated
- Eaton Corporation
- GKN Plc
- JTEKT Corporation
- Magna International Inc.
- OC Oerlikon Management AG
- 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.