Automotive AWD and Non-AWD Market Trends, Sector Overview and Forecast to 2028

Automotive AWD and Non-AWD Market Trends, Sector Overview and Forecast to 2028

Summary

The global AWD and Non-AWD components market are valued at 88.1 mn units in 2023, recording a substantial annual growth of 8.2%. However, the sector posted a negative CAGR of 1.1% during 2018–23, primarily owing to the prolonged impact of COVID-19. Over the forecast period, the sector is expected to record a CAGR of 2.2% to reach 98.4 mn units by 2028. The sector consists of two segments, AWD and Non-AWD. In 2023, AWD garnered a share of 25.5% and is expected to increase to 26.5% by 2028, while Non-AWD - RWD garnered a share of 14.6% in 2023 and is expected to increase to 18,2% by 2028 and Non-AWD – FWD garnered a share of 59.9% in 2023 and is expected to decrease to 55.3% in 2028.

This report brings together multiple data sources to provide a comprehensive overview of the global AWD and Non-AWD sector. It includes analysis on the following

Trends & Drivers: Provides an overview of current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.

Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.

PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.

Sector Forecast: Provides deep-dive analysis of global market covering volume growth during 2018–2028, and spot estimate for 2028. The analysis also covers regional overview across five regions-Asia-Pacific, Europe, North America, and South America and MEA-highlighting sector size, and growth drivers for the region.

Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.

Patent Analysis: Provides an overview of patent filings in the sector across regions, countries and top applicants.

Scope

This report combines multiple data sources to provide a comprehensive overview of the global AWD and Non-AWD sector. It includes an analysis of the following

Trends & Drivers: Provides an overview of current sector scenario regarding the future outlook in terms of key trends and drivers of the sector. ​

Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.​

PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.​

Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018–2028, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, MEA, North America, and South America -highlighting sector size and regional growth drivers.​

Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the companies' recent product innovations and key strategic initiatives.​

Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.​

Reasons to Buy

Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region. The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances. The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion. To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.