Limited Slip Differential Market Share, Size, Trends, Industry Analysis Report, By Type (Mechanical LSD, Electronic LSD); By Application Type; By Sales Channel; By Region; Segment Forecast, 2023 – 2032

Limited Slip Differential Market Share, Size, Trends, Industry Analysis Report, By Type (Mechanical LSD, Electronic LSD); By Application Type; By Sales Channel; By Region; Segment Forecast, 2023 – 2032

The global limited slip differential market size is expected to reach USD 11.68 billion by 2032, according to a new study by Polaris Market Research. The report “Limited Slip Differential Market Share, Size, Trends, Industry Analysis Report, By Type (Mechanical LSD, Electronic LSD); By Application Type; By Sales Channel; By Region; Segment Forecast, 2023 – 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rapidly inclining preferences of leading automobile manufacturers to equip their new and advanced automobiles with electronic LSDs, that offers higher torque capacity and better control over the vehicle compared to conventional LSDs along with the surging popularity and sales of luxury SUVs incorporated with advanced LSDs across the globe, are driving the market forward. For instance, in June 2023, Maruti Suzuki, announced the launch of its much awaited and highly anticipated Jimny SUV, which will expand company’s SUV portfolio. The newly launched SUV comes with range of features including six airbags, a brake-limited slip differential, and electronic stability programs, among others.

Growing advances in manufacturing techniques and materials in the recent years, that have led to improved LSD designs that are more efficient, durable, and cost-effective to produce and encourages OEMs to conveniently integrate LSDs into a wider range of vehicle models, are further likely to open up new growth avenues for the market in the near future.

With the emerging trend towards the electric and hybrid vehicles and their rising sales all over the world that often use different types of torque distribution mechanisms such as electric motors at each wheel or sophisticated electronic controls, the demand and need for the development of new types of LSDs that could easily integrate with these drivetrain technologies and meet surging consumer demands, will positively impact the growth of the market in the near future. For instance, according to a recent report by Counterpoint’s, the sales of passenger electric vehicles worldwide grew up by over 32% on YoY in the first quarter of 2023, and the number of EV sales are likely to reach over 14.5 million units by the end of 2023.

Limited Slip Differential Market Report Highlights

Electronic LSD segment will grow at significant pace, mainly due to rising adoption of electronics LSDs over mechanicals because of their ability to improve traction

SUV & pickup trucks segment accounted for noteworthy share, on account of rising sales of SUVs worldwide and surging popularity of off-road racing

OEM segment held the substantial share, that is mainly accelerated to their increasing focus towards the enhancements of vehicles performance

Asia Pacific dominated the global market, owing to the drastic increase in the adoption of luxury and high-performance vehicles and higher preferences for SUVs

The key market players include Dana Limited, KTEKT Corporation, Eaton, American Axle & Manufacturing, GKN Automotive, and Drexler Automotive GmbH

Polaris Market Research has segmented the limited slip differential market report based on type, application type, sales channel, and region:

Limited Slip Differential, Type Outlook (Revenue - USD Billion, 2023 - 2032)

Mechanical LSD

Electronic LSD

Limited Slip Differential, Application Type Outlook (Revenue - USD Billion, 2023 - 2032)

SUV & Pickup Trucks

Sedan & Hatchback

Limited Slip Differential, Sales Channel Outlook (Revenue - USD Billion, 2023 - 2032)

Aftermarket

OEM

Limited Slip Differential, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa