Four-Wheel Drive Vehicles Market is predicted to grow at a CAGR of ~ 5.98% by 2032

Pune, India, April 12, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on global four-wheel drive vehicles Market. The four-wheel drive vehicles market is expected to grow at ~ 5.98% CAGR during the period 2024 to 2032.

Market Highlights

Four-wheel drive vehicles also contributes in the generation of revenue from tourists heritage as the four-wheel drive vehicle provides extensive benefits while visiting desert areas. However, vehicles with four-wheel drives need high maintenance costs. These vehicles offer low mileage as compared to vehicles, which are fitted with the two-wheel drive systems. The four-wheel drive vehicle is best when driven on rugged terrains. But the tires and brakes of these vehicles wear out quickly and generate the need of changing of differential fluids, periodically.

The market is highly price sensitive. Customers prefer vehicles that provide the maximum value for money. At the same time, the cost of four-wheel drive systems increase the cost of the automobile. Therefore, to focus on achieving cost efficiency, is a major objective of the manufacturers.

 Access Report Details @ https://www.marketresearchfuture.com/reports/four-wheel-drive-vehicles-market-5832

Market Research Analysis

On the basis of end-use, the market has been segmented as road racing, heavy trucks, and construction equipment. Amongst these, the heavy trucks segment is expected to grow the highest over the forecast period. Heavy trucks are considered LCVs with open cargo areas at their rear. The heavy trucks have off-road capabilities with differently tuned transmission, suspension systems and engines. The increase in demand for heavy trucks in countries such as U.S., Canada, and China are contributing in the growth of the automotive four-wheel drive vehicles market. The global automotive four-wheel drive vehicle market is also witnessing growth due to the increase in personal use of these vehicles. 

On the basis of application, the market has been segmented as HCV and Sports utility Velicles (SUVs). The boom in the sales of SUVs, globally is expected to drive the market for four-wheel drive systems for automotive. Their growing popularity and increase in use for personal purposes is driving the growth of the SUV segment in the global four-wheel drive vehicles market.

Scope of the Report

This study provides an overview of the global four-wheel drive vehicles market, tracking three market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). 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 four-wheel drive vehicles market by product type, application, end use and regions.

• By Product Type


• Standard 4WD


• Premium 4WD


• By Application


• HCV


• SUV


• By End-Use


• Road racing


• Heavy trucks


• Construction equipment     

• By Regions


• North America 


• Asia Pacific 


• Europe


• Rest of the World  

Key Players

The prominent players in the four-wheel drive vehicles market include Daimler AG (Germany), Mitsubishi Motors Corporation (Japan), BMW (Germany), Toyota Motor Corporation (Japan), Ford Motor Company (U.S.),  and Groupe Renault (France).  Tata Motors Limited (India),  Hyundai Motor Company (South Korea), Volkswagen AG (Germany), Volvo (Sweden),  Fiat S.p.A (Italy), Nissan Motor Company Ltd (Japan), and Honda Motor Company, Ltd. (Japan) are among others.