Pune, India, January 8, 2019/MRFR Press Release/- Market Research Future published a half-cooked research report on Global Automotive Differential Market. The Global Automotive Differential market is expected to witness 5% CAGR during the period, 2018 to 2023.
Market Highlights
:
A differential splits the power or torque that is generated by the engine so that different wheels or axles move independently with different speeds simultaneously. Increasing demand for SUVs, crossovers, compact SUVs and premium cars across the globe is considered one of the major driving factors to bolster the market for automotive differential over the forecast period. Asia-Pacific is projected to be the fastest-growing region owing to increase in production and sales of automobiles, majorly in China and India.
Drivers: Automotive Differential
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Market Research Analysis:
In terms of region, the global market for the automotive differential is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to hold the highest revenue market share in 2017 and is expected to dominate during the forecast period. The presence of China, India, and Japan, where the sales of automobiles has been consistently increasing due to increased urbanization and growing purchase powers of consumers, has played a key role in this region. Rise in initiatives to increase awareness regarding efficient vehicle shifter systems will further enhance the Asia-Pacific market size. In Europe, rise in construction equipment sales will drive the growth for the automotive differential market. Europe is estimated to hold the second highest revenue market share and expected to continue its steady growth during the forecast period.
Scope of the Report:
This study provides an overview of the global automotive differential market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive Automotive Differential market by technology, component, fuel type, vehicle type, and regions.
- By Drive Type
- 2WD
- 4WD/ AWD
- By Type
- Electronic Limited Slip Differential (ELSD)
- Open Differential
- Torque Vectoring Differential
- Locking Differential
- Limited Slip Differential (LSD)
- By Component
- Differential Gear
- Differential Case
- Differential Bearing
- By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Truck
- Bus
- Off- Highway Vehicle
- By Regions
- North America
- Asia-Pacific
- Europe
- Rest of the World
Key Players:
The prominent players in the global automotive differential system market include ZF Friedrichshafen AG (Germany), Eaton (Ireland), BorgWarnerInc. (US), Schaeffler AG (Germany), GKN plc (UK), JTEKT Corporation (Japan), Dana Limited (US), DREXLER AUTOMOTIVE (Germany), neapco (US), and Powertrax (US)
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Report details
| Companies Covered | 15 |
| Pages | 100 |
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