Global Automotive Multi Wheel Drive Systems Market 2024-2028
The automotive multi wheel drive systems market is forecasted to grow by USD 30.97 bn during 2023-2028, accelerating at a CAGR of 6.11% during the forecast period. The report on the automotive multi wheel drive systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advantages associated with multi wheel drive system, benefits associated with electrification of automotive multi wheel drive system, and availability of multiple terrain profiles with four-wheel drive systems.
Technavio's automotive multi wheel drive systems market is segmented as below:
By Type
By Vehicle Type
- Passenger car
- Commercial vehicle
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the growing demand for suvs and pickup trucks as one of the prime reasons driving the automotive multi wheel drive systems market growth during the next few years. Also, development of intelligent torque vectoring for automotive multi wheel drive systems and replacement of drive shaft and mechanical differentials with electric drive axles will lead to sizable demand in the market.
The report on the automotive multi wheel drive systems market covers the following areas:
- Automotive multi wheel drive systems market sizing
- Automotive multi wheel drive systems market forecast
- Automotive multi wheel drive systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive multi wheel drive systems market vendors that include American Axle and Manufacturing Holdings Inc., BorgWarner Inc., Dana Inc., Ford Motor Co., GKN Automotive Ltd., Honda Motor Co. Ltd., Magna International Inc., Mitsubishi Motors Corp., Porsche Automobil Holding SE, Renault SAS, Toyota Motor Corp., and ZF Friedrichshafen AG. Also, the automotive multi wheel drive systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.