Automotive Differential Market Forecasts to 2028 – Global Analysis By Propulsion Type (ICE, Hybrid Vehicle, Electric Vehicle), Vehicle Type (Passenger Car, Electric Vehicle, Off Highway Vehicle) and By Geography
According to Stratistics MRC, the Global Automotive Differential market is accounted for $18.75 billion in 2020 and is expected to reach $31.50 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Increase in demand for commercial & heavy-duty vehicles, Increase in demand for luxury and sport utility vehicles (SUV) vehicles and need of better traction on roads are the major factors driving the market growth. However, increase in demand for electric vehicles is restraining the market growth.
Automotive differential is a crucial part of the automotive drive train which enables different drive wheels to attain effective turning and driving operations. Automotive differential can be defined as a device used to split engines’ torque in two ways, allowing each output to spin the vehicle wheel at a different speed. The differential is found in all modern passenger vehicles, electric vehicles and commercial vehicles. All drive vehicles require a differential between each set of drive wheels, which is one in between the front wheels as well as back wheels. Part-time four-wheel do not have a differential between front and rear wheels due to which the front and rear wheels turn at the same speed as they are locked together.
Based on differential type, the Electronic Limited Slip Differential (ELSD) segment is estimated to have a lucrative growth due to increased focus of automotive original equipment manufacturer (OEMs) to replace the mechanical parts with compact electrical components for fuel-efficiency which resulting in the adoption of ELSD in mid-segment vehicles and heavy vehicles as well. By geography, Asia Pacific is going to have high growth during forecast period due to increased popularity of off-road vehicles and sports cars in this region.
Some of the key players profiled in the Automotive Differential Market include GKN plc, Eaton, Auburn Gear, LLC, AAM, Auburn Gear, Powertrax, The Schaeffler Technologies AG & Co. KG, Jiangsu Pacific Precision Forging Co., Ltd. (PPF), JTEKT Corporation, Neapco and Dana Limited.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
Drive Type, Differential Type, Component, Propulsion Type, Vehicle Type and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Drive Types Covered:
• Front Wheel Drive (FWD)
• Rear Wheel Drive (RWD)
• All Wheel/Four-Wheel Drive (AWD/4WD)
Differential Types Covered:
• Anti Slip Differential
• Double Worm Differential
• Electronic Limited Slip Differential (ELSD)
• Limited Slip Differential (LSD)
• Locking Differential
• Open Differential
• Torque Vectoring Differential
• Torsen Differential
• Differential Bearing
• Differential Case
• Differential Gear
• Differential Pin
Propulsion Types Covered:
• Internal Combustion Engine (ICE)
• Hybrid Vehicle
• Electric Vehicle
Vehicle Types Covered:
• Passenger Car (PC)
• Commercial Vehicle
• Electric Vehicle
• Off Highway Vehicle
• 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 2019, 2020, 2021, 2025, and 2028
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Automotive Differential Market is majorly driven by increase in demand for commercial & heavy-duty vehicles, increase in demand for luxury and sport utility vehicles (SUV) vehicles and need of better traction on roads.
The all wheel/four-wheel drive (AWD/4WD) segment is growing at a highest CAGR owing to growing demand for SUVs, increasing demand for improved vehicle safety, stability, and enhanced driving dynamics.
Asia Pacific dominated with a significant market share due to the factors such as upsurge in the number of vehicles and the rising automotive industry in this region.
North America market is growing at a highest CAGR owing to the development of local players and the presence of major key players of the market in the region.
Key players in Automotive Differential Market include GKN plc, Eaton, Auburn Gear, LLC, AAM, Auburn Gear, Powertrax, The Schaeffler Technologies AG & Co. KG, Jiangsu Pacific Precision Forging Co., Ltd. (PPF), JTEKT Corporation, Neapco and Dana Limited.
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