All-Wheel Drive (AWD) Vehicle - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global All-Wheel Drive (AWD) Vehicle Market is accounted for $405.04 billion in 2019 and is expected to reach $695.93 billion by 2027 growing at a CAGR of 7.0% during the forecast period. The increase in demand for high performance, fuel-efficient vehicles due to the enactment of emission regulation is the major factor fueling market growth. However, the high cost of vehicles is hampering the market growth.
An all-wheel drive vehicle (AWD) vehicle is one with a powertrain proficient of giving power to all its wheels, whether whole-time or on-demand. The mainly general forms of all-wheel drive are: four-wheel drive (4x4) reflecting two axles with both wheels on each able of being powered.
Based on the technology, the four wheel drive (4WD) segment is likely to have a huge demand due to it is generally used on large SUV Four-Wheel Drive (4x4) vehicles designed to use the extra traction of 4WD in off road conditions. These vehicles are predominately truck based platforms with large wheels and off road tyres that shared with a manually selected and a locked 4WD driveline facilitates the vehicle to venture off-road and negotiate very difficult terrain.
By geography, North America is going to have a lucrative growth during the forecast period due to a rise in the production and sale of vehicles in the U.S. and Canada. An increased command for electric vehicles across North America is anticipated to increase the all-wheel drive (AWD) vehicle market in the region.
Some of the key players profiled in the All-Wheel Drive (AWD) Vehicle Market include American Axle & Manufacturing, Inc., GKN Plc, Dana Incorporated, Continental AG, AB Volvo, BorgWarner Inc, JTEKT Corporation, Honda Motor Company Ltd., Magna International Inc., Nissan Motor Co., Ltd, Tesla, Inc., Valeo SA , and ZF Friedrichshafen AG.
Vehicle Types Covered:
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Passenger Vehicle
• Four Wheel Drive (4WD)
• All-Wheel Drive (AWD)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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