Global Transfer Case Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Transfer Case Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Transfer Case is a part of the drivetrain of four-wheel-drive, all-wheel-drive, and other multiple powered axle vehicles. It is an aluminium or steel housing under the vehicle and the vast majority of transfer cases are either chain based or gear based. The transfer case transfers power from the transmission to the front and rear axles by means of drive shafts. It also synchronizes the difference between the rotation of the front and rear wheels, and may contain one or more sets of low range gears for off-road use.

Market Overview:

The latest research study on the global Transfer Case market finds that the global Transfer Case market reached a value of USD 11520.0 million in 2022. It’s expected that the market will achieve USD 17098.0 million by 2028, exhibiting a CAGR of 6.8% during the forecast period.

Transfer Case Market Challenges

The automobile industry is the most important and most important downstream industry in the Transfer Case industry. Almost all the needs of the Transfer Case industry come from the automobile market. Therefore, changes in the automobile market caused by the epidemic will directly affect the consumption and demand of Transfer Case companies.

However, under the influence of the COVID-19, the global automotive industry is encountering an unprecedented crisis in history from production to consumption. The epidemic first caused the shutdown of factories. At present, all factories in the world except China have still stopped production, and at least 120 auto factories have been temporarily closed. In the United States alone, many auto industry workers died of the new crown virus. Under the pressure of the union, the three major U.S. automakers Ford, General Motors, and Fiat Chrysler announced in mid-March that their North American factories had stopped production. The European automobile manufacturing industry has been also gradually shut down. Global car sales are also plummeting. Taking the UK market as an example, according to data from the British Motor Vehicle Manufacturing and Trading Association, in March 2020, new car sales in the UK fell 44.4% year-on-year, because of the epidemic, people could not drive and travel. After the stagnant development of the entire automobile industry, the demand market of the Transfer Case industry has been hit hard in a short period of time.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Aisin Seiki, BorgWarner, GKN with the revenue market share of 15.72%, 14.09% and 6.38% in 2019.

Aisin Seiki manufactures motor vehicle parts such as transmissions, clutches, disc brakes, ABS, suspensions, oil pumps, power windows, and power door locks. The Company has sales and production subsidiaries worldwide. Aisin Seiki also produces household appliances such as sewing machines.

BorgWarner, Inc. supplies engineered systems and components, primarily for automotive powertrain applications. The Company's products are manufactured and sold worldwide, primarily to original equipment manufacturers of passenger cars, sport utility vehicles, and light trucks.

Segmentation Overview:

Among different product types, Chain Driven Transfer Cases segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the SUVs segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Transfer Case market covered in Chapter 3:

Univance
GKN
Advance Gearbox Group
Aisin Seiki
American Axle＆Manufacturing，Inc.
Kozmaksan
Meritor
Marmon-Herrington
Magna
HYUNDAI TRANSYS
Linamar
BorgWarner
ZF

In Chapter 4 and Chapter 14.2, on the basis of types, the Transfer Case market from 2018 to 2029 is primarily split into:

Gear Driven Transfer Cases
Chain Driven Transfer Cases

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Transfer Case market from 2018 to 2029 covers:

Trucks
SUVs
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)