Global All Wheel Drive Market Size study, By System Type (Automatic AWD, Manual AWD), By Vehicle Type (Passenger Car, Commercial Vehicle), By EV Type (Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicle (PHEV)), By Component (Transfer case, P

Global All Wheel Drive Market Size study, By System Type (Automatic AWD, Manual AWD), By Vehicle Type (Passenger Car, Commercial Vehicle), By EV Type (Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicle (PHEV)), By Component (Transfer case, Propeller shaft, Power Transfer Unit, Final Drive Unit), and Regional Forecasts 2022-2028

Global All Wheel Drive Market is valued at approximately USDXX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. An all-wheel drive vehicle is a variety of four-wheel-drive systems that provided power to all its wheels. This is used to automatically shift power between the front and rear wheels to maintain grip. Factors such as the growing demand for sport-utility vehicles (SUVs), increasing need for advanced vehicle safety, stability, and better driving experience, coupled with the rising adoption of AWD systems in agriculture construction and mining vehicles are impelling the global market demand. For instance, according to Statista, the sales of sport-utility vehicles (SUVs) accounted for 26.7 million units in 2017. In addition, it is anticipated that the figure reaches 51 million units by 2023. Thereby, the rapid sales of the SUVs are bolstering the demand for the All Wheel Drive, which is augmenting the market growth across the globe. However, the imposition of stringent fuel economy standards and the high cost of the AWD systems hamper the growth of the market over the forecast period of 2022-2028. Also, the rising introduction of the automatic AWD system and increasing initiatives by the key market players are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global All Wheel Drive Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising adoption of AWS integrated sport-utility vehicles (SUVs) and presence of well-established market players. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the flourishing growth of the automobile sector, as well as the increasing use of AWD systems in construction, agriculture, and mining vehicles, would create lucrative growth prospects for the All-Wheel Drive Market across the Asia-Pacific region.

Major market players included in this report are:
ZF Friedrichshafen AG
Continental AG
Magna International Inc.
BorgWarner Inc.
JTEKT Corporation
American Axle & Manufacturing Inc.
Eaton Corporation Plc
GKN Plc
Dana Holding Corporation
Robert Bosch GmbH

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By System Type:
Automatic AWD
Manual AWD
By Vehicle Type:
Passenger Car
Commercial Vehicle
By EV Type:
Battery Electric Vehicles (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
By Component:
Transfer case
Propeller shaft
Power Transfer Unit
Final Drive Unit
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global All Wheel Drive Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

ZF Friedrichshafen AG
Continental AG
Magna International Inc.
BorgWarner Inc.
JTEKT Corporation
American Axle & Manufacturing Inc.
Eaton Corporation Plc
GKN Plc
Dana Holding Corporation
Robert Bosch GmbH

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