Transfer Case is a part of the drivetrain of all-wheel-drive, four-wheel-drive, and other multiple powered axle vehicles. This case transfers power from the transmission to the rear and front axles through the means of drive shafts. The transfer case also synchronizes the difference between the rotation of the rear and front wheels and might contain one or more sets of low range gears for off-road usage.
MARKET SCOPE
The "Global Transfer case market Analysis to 2028" is a specialized and in-depth study of the fifth wheel coupling industry with a special focus on the global market trend analysis. The report aims to provide an overview of transfer case market with detailed market segmentation by drive type, type, shift type, vehicle type, and geography. The report provides key statistics on the market status of the leading transfer case market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global transfer case market is segmented on the basis of drive type, type, shift type, vehicle type.
- Based on drive type, the market is segmented as gear driven and chain driven.
- Based on type, the transfer case market is divided into AWD and 4WD.
- On basis of shift type, the market is bifurcated into manual shift on-the-fly and electronic shift on-the-fly.
- Further, based on vehicle type the market is segmented as passenger vehicle, construction equipment, and commercial vehicle.
MARKET DYNAMICS
Drivers:
- Increasing demand for AWD and 4WD.
The increasing demand for SUVs and sales of hybrid electric vehicles increase the market growth.
Restraints:
- Increasing demand for battery electric 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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The transfer case 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 the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the transfer case market in these regions.
IMPACT OF COVID-19 ON TRANSFER CASE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the transfer case market 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Transfer case market market are anticipated to lucrative growth opportunities in the future with the rising demand for Transfer case market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the transfer case market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Infineon Technologies AG
- Intel Corporation
- NXP Semiconductors
- Qualcomm Technologies Inc
- Renesas Electronics Corporation
- Robert Bosch GmbH
- ROHM Semiconductor
- SAMSUNG
- STMicroelectronics
- Texas Instruments Inc