Global Transfer Case Market - 2022-2029
Market Overview
The transfer case market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).
A transfer case is an essential part of the drivetrain, which shifts the mechanism to change power from the transmission to the axles with the power of the drive shaft. The transfer case can also synchronize the difference between the rotation of the front and rear wheels. For off-road utility, transfer cases may contain one or multiple sets of low-range gears. While a transfer case is essential in all vehicles, it is necessary for four-wheel-drive vehicles. This component transfer power to the back wheels to enhance functionality in four-wheel-drive models. The transfer case divides power between the front and rear wheels to improve a vehicle's traction.
The transfer case on some vehicles, particularly those intended for off-road use, is engaged by a separate gear lever or electric buttons or a rotary switch on the dashboard. Most off-road 4WD vehicles have transfer-case positions for rear-wheel drive, 4WD High for on-road operation, and 4WD Low for off-road and demanding on-road use.
Market Dynamics
The global transfer case market is boosting the demand to reduce carbon emissions.
Demand to reduce carbon emissions
In 2020, passenger cars emitted around three billion metric tonnes of carbon dioxide globally. Over the last two decades, passenger car emissions have continuously increased, growing from 2.2 billion metric tonnes in 2000 to 3.2 million metric tonnes in 2010. OEMs and suppliers invest in sophisticated technologies that reduce weight and increase efficiency in response to rising regulatory pressures to minimize CO2 emissions. The added weight of components like a transfer case or an additional differential or constant velocity joint increases fuel consumption. OEMs rapidly implement more electronics and on-demand systems to tackle these weight and efficiency difficulties.
In 2018, Automotive supplier Magna announced a 48V product line to assist manufacturers in meeting increasingly stringent worldwide CO2 and fuel-economy rules. One of the first mild-hybrid transfer cases accessible to automakers is the new etelligentDrive eDS 48V High-Performance System. It's also a four-wheel-drive system, which reduces CO2 emissions by up to 10% and improves fuel efficiency compared to a two-wheel-drive system.
Rising sales of battery electric vehicles
A BEV does not have ICE, automatic transmission, transfer case, fuel tank, air intake, or exhaust systems. The rising sales of electric vehicles will be a significant hurdle for the market's growth. Various leading companies have already announced set targets. For instance, Toyota is planning to invest US$ 35 billion to build a full lineup of 30 battery-powered electric vehicles by 2030. It aims to boost global sales of battery electric vehicles by 3.5 million units a year by 2030. Most of Toyota's current vehicle sales are hybrid EVs powered by a battery-operated electric motor and internal combustion engine.
Moreover, the market faces some significant problems, such as the leakage problem, A potential leak from the transfer case could be from a bad seal or an issue locked within the case. The output shaft seal is the component of the transfer case that connects the case to the axle.
COVID-19 Impact Analysis
During the initial months of COVID-19, the car industry slammed on the brakes. Due to plant and vehicle dealership closures, supply chain disruptions and entire country lockdowns, global automobile manufacturing fell to an all-time low in 2020. According to OICA data, all major producing countries suffered severe drops, resulting in a 16% year-on-year loss in global auto output, including automobiles, buses and trucks. However, several markets quickly rebounded in the second half of 2020, with Asian production falling by only 10% yearly. Due to a rapid reopening of their economies and pent-up demand, the Chinese and South Korean markets did exceptionally well. Various companies have witnessed significant declines in production and sales, which has impacted the market's growth.
Toyota Motor North America has seen production losses of between 40%-60% because of disruption caused by COVID-19 and other unexpected events impacting the supply chain. Parts shortages driven by the spread of COVID-19 in Southeast Asia, compounded by ongoing semiconductor shortages, have caused the company to cut September's global production by 40%. However, compared to the previous year, car production and sales are expected to increase by 7% to 9% in 2021, compared to the global economy improving.
Segment Analysis
The transfer case market is segmented into casting aluminium and casting iron by casting material.
Need for reducing the weight of automotive vehicles is boosting the sales of aluminum transfer case
The conventional metallic materials of transfer in case structural components are getting replaced by lightweight materials such as lightweight steels and alloys of aluminum for all types of vehicles, ranging from commercial trucks to passenger cars. Aluminum was introduced in transfer cases due to rising demand for reducing the weight of the vehicles. Aluminum can shave 20 to 30% of the overall transfer-case weight over other materials.
However, the use of aluminum can accelerate the wear of the case and raises the possibility of destroying the case if an internal part breaks. The aluminum can also avoid various problems in the transfer case, such as the oil pump pushing oil against the rear case half, forcing pin-holes to develop in the thin magnesium shell and the oil evaporates out of the transfer case. The replacement rear cases made of heavy-grade aluminum can help solve the issue.
Various recent launches are coming up with aluminum transfer cases due to their numerous benefits. For instance, Chevrolet introduced the new 2022 Silverado, an updated version of the brand's best-selling truck that offers customers more choices, technology and premium touches. Depending on the model, the suspensions are equipped with an aluminum two-speed transfer case or an AutoTrac automatic transfer case with 4WD.
Geographical Analysis
Stringent regulatory framework for reducing fuel consumption will boost sales in Asia-Pacific
The Asia-Pacific region is anticipated to have remarkable growth due to government initiatives in countries like China and India. It will encourage manufacturing and contribute to the growth of this market. The region has leading automotive manufacturers, which is expected to propel the demand for the transfer case market. Countries like India and China are working on increasing automotive manufacturing capabilities and contributing to this market's growth. The government is aggressively implementing a regulatory framework to lower automobiles' environmental footprint and fuel consumption in these countries.
According to new CAFE regulations introduced in India, each automaker's average corporate CO2 emission will be brought down to 139 gm/km by 2022 and then reduced to 113 gm/km in 2017. Stringent regulations will drive the usage of the transfer case market in this region. Similarly, China is continuously creating opportunities for the transfer case market with the increased sales of automobiles in this region.
Competitive Landscape
The transfer case market is consolidated and is led by globally and regionally established players. In addition, some of the players contributing to the market's growth are BorgWarner, Meritor Heavy Vehicle Systems LLC, American Axle & Manufacturing Inc., Magna International Inc., Aisin Seiki Co. Ltd, Linamar, Dana Limited, ZF Friedrichshafen AG, Jtekt Corporation, Hyundai Dymos Inc., Marmon Group, Fabco and others.
BorgWarner Inc
Overview: BorgWarner Inc. provides technology solutions for hybrid, combustion and electric vehicles. The Company operates through 4 segments: Air Management, Fuel Injection, e-Propulsion & Drivetrain and Aftermarket. The Air Management category offers technology such as timing systems, turbochargers, eBoosters, eTurbos, emissions systems, gasoline ignition technology, smart remote actuators, cabin heaters, powertrain sensors, battery heaters and battery charging.
Product Portfolio: The company offers an AWD Coupling product line that includes a variety of electronically controlled, on-demand AWD couplings and driveline disconnect options. Electro-hydraulic and electro-magnetic clutch actuation and control technologies and controls provide excellent vehicle traction and handling.
Key Development: In 2021, Nissan awarded BorgWarner a contract to supply durable part-time transfer cases to produce its Navara pick-up truck and Paladin SUV models. The Company's two-speed, shift-on-the-fly transfer case has driver-selectable controls and an electric motor for quick, smooth and accurate changing between drive modes.
Why Purchase the Report?
Visualize the transfer case market segmentation by type, drive type, casting material, vehicle and region, highlighting the key commercial assets and players.
Identify commercial opportunities in transfer cases by analyzing trends and co-development deals.
Excel data sheet with thousands of transfer case market-level 4/5 segmentation points.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players
The global transfer case market report would provide an approximate 69 market data table, 58 figures and 190 pages
Target Audience
Industry Investors/Investment Bankers
Governments
Automotive Manufacturers
Aftermarket Manufacturers
Education & Research Institutes
Research Professionals
Emerging Companies
Distributors
- 1. Global Transfer Case Market Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Global Transfer Case Market – Market Definition and Overview
- 3. Global Transfer Case Market – Executive Summary
- 3.1. Market Snippet by Type
- 3.2. Market Snippet by Drive Type
- 3.3. Market Snippet by Casting Material
- 3.4. Market Snippet by Vehicle
- 3.5. Market Snippet by Region
- 4. Global Transfer Case Market-Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Demand to reduce carbon emissions
- 4.1.1.2. XX
- 4.1.2. Restraints:
- 4.1.2.1. Rising sales of battery electric vehicles
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Global Transfer Case Market – Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. Global Transfer Case Market – COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. Global Transfer Case Market – By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
- 7.2. AWD*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis And Y-O-Y Growth Analysis (%)
- 7.3. 4WD
- 8. Global Transfer Case Market – By Drive Type
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive Type
- 8.1.2. Market Attractiveness Index, By Drive Type
- 8.2. Chain driven*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis And Y-O-Y Growth Analysis (%)
- 8.3. Gear-driven
- 9. Global Transfer Case Market – By Casting Material
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Casting Material
- 9.1.2. Market Attractiveness Index, By Casting Material
- 9.2. Cast Aluminium*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis And Y-O-Y Growth Analysis (%)
- 9.3. Cast Iron
- 10. Global Transfer Case Market – By Vehicle
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle
- 10.1.2. Market Attractiveness Index, By Vehicle
- 10.2. Passenger Vehicle*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis And Y-O-Y Growth Analysis (%)
- 10.3. Commercial Vehicle
- 11. Global Transfer Case Market – By Region
- 11.1. Introduction
- 11.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.3. Market Attractiveness Index, By Region
- 11.4. North America*
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive Type
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Casting Material
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. U.S.
- 11.4.7.2. Canada
- 11.4.7.3. Mexico
- 11.5. Europe
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive Type
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Casting Material
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. Germany
- 11.5.7.2. U.K.
- 11.5.7.3. France
- 11.5.7.4. Italy
- 11.5.7.5. Spain
- 11.5.7.6. Rest of Europe
- 11.6. South America
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive Type
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Casting Material
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle
- 11.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.6.7.1. Brazil
- 11.6.7.2. Argentina
- 11.6.7.3. Rest of South America
- 11.7. Asia Pacific
- 11.7.1. Introduction
- 11.7.2. Key Region-Specific Dynamics
- 11.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive Type
- 11.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Casting Material
- 11.7.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle
- 11.7.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.7.7.1. China
- 11.7.7.2. India
- 11.7.7.3. Japan
- 11.7.7.4. Australia
- 11.7.7.5. Rest of Asia Pacific
- 11.8. Middle East and Africa
- 11.8.1. Introduction
- 11.8.2. Key Region-Specific Dynamics
- 11.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Drive Type
- 11.8.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Casting Material
- 11.8.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle
- 12. Global Transfer Case Market – Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Global Transfer Case Market- Company Profiles
- 13.1. BorgWarner*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Key Highlights
- 13.1.4. Financial Overview
- 13.2. Meritor Heavy Vehicle Systems LLC
- 13.3. American Axle & Manufacturing Inc.
- 13.4. Magna International Inc.
- 13.5. Aisin Seiki Co. Ltd
- 13.6. Linamar
- 13.7. Dana Limited
- 13.8. ZF Friedrichshafen AG
- 13.9. Jtekt Corporation
- 13.10. Hyundai Dymos Inc
- LIST NOT EXHAUSTIVE
- 14. Global Transfer Case Market – Premium Insights
- 15. Global Transfer Case Market – DataM
- 15.1. Appendix
- 15.2. About Us and Services
- 15.3. Contact Us
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