Automotive Differential Market
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.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 18.75billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
6.7% |
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Predicted 2028 Value: |
USD 31.50billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs & Figures |
302 |
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Chapters Covered: |
Drive Type, Differential Type, Component, Propulsion Type, Vehicle Type and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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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
Components Covered:
• 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
• Truck
• Bus
• Off Highway Vehicle
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Differential Market, By Drive Type
5.1 Introduction
5.2 Front Wheel Drive (FWD)
5.3 Rear Wheel Drive (RWD)
5.4 All Wheel/Four-Wheel Drive (AWD/4WD)
6 Global Automotive Differential Market, By Differential Type
6.1 Introduction
6.2 Anti Slip Differential
6.3 Double Worm Differential
6.4 Electronic Limited Slip Differential (ELSD)
6.5 Limited Slip Differential (LSD)
6.6 Locking Differential
6.7 Open Differential
6.8 Torque Vectoring Differential
6.9 Torsen Differential
7 Global Automotive Differential Market, By Component
7.1 Introduction
7.2 Differential Bearing
7.3 Differential Case
7.4 Differential Gear
7.5 Differential Pin
8 Global Automotive Differential Market, By Propulsion Type
8.1 Introduction
8.2 Internal Combustion Engine (ICE)
8.2.1 Spark Ignition Engine based Vehicle
8.2.2 Compression Ignition Engine based Vehicle
8.3 Hybrid Vehicle
8.3.1 Plug In Hybrid Electric Vehicle (PHEV)
8.3.2 Hybrid Electric Vehicles (HEVS)
8.4 Electric Vehicle
8.4.1 Battery Electric Vehicle
8.4.2 Fuel Cell Electric Vehicle
9 Global Automotive Differential Market, By Vehicle Type
9.1 Introduction
9.2 Passenger Car (PC)
9.3 Commercial Vehicle
9.3.1 Light Commercial Vehicle (LCV)
9.3.2 Heavy Commercial Vehicle (HCV)
9.4 Electric Vehicle
9.5 Truck
9.6 Bus
9.7 Off Highway Vehicle
9.7.1 Construction & Mining Equipment
9.7.2 Agriculture Tractors
9.7.3 Forklift
10 Global Automotive Differential Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 GKN plc
12.2 Eaton
12.3 Auburn Gear, LLC
12.4 AAM
12.5 Auburn Gear
12.6 Powertrax
12.7 The Schaeffler Technologies AG & Co. KG
12.8 Jiangsu Pacific Precision Forging Co., Ltd. (PPF)
12.9 JTEKT Corporation
12.10 Neapco
12.11 Dana Limited
List of Tables
1 Global Automotive Differential Market Outlook, By Region (2019-2028) (US $MN)
2 Global Automotive Differential Market Outlook, By Drive Type (2019-2028) (US $MN)
3 Global Automotive Differential Market Outlook, By Front Wheel Drive (FWD) (2019-2028) (US $MN)
4 Global Automotive Differential Market Outlook, By Rear Wheel Drive (RWD) (2019-2028) (US $MN)
5 Global Automotive Differential Market Outlook, By All Wheel/Four-Wheel Drive (AWD/4WD) (2019-2028) (US $MN)
6 Global Automotive Differential Market Outlook, By Differential Type (2019-2028) (US $MN)
7 Global Automotive Differential Market Outlook, By Anti Slip Differential (2019-2028) (US $MN)
8 Global Automotive Differential Market Outlook, By Double Worm Differential (2019-2028) (US $MN)
9 Global Automotive Differential Market Outlook, By Electronic Limited Slip Differential (ELSD) (2019-2028) (US $MN)
10 Global Automotive Differential Market Outlook, By Limited Slip Differential (LSD) (2019-2028) (US $MN)
11 Global Automotive Differential Market Outlook, By Locking Differential (2019-2028) (US $MN)
12 Global Automotive Differential Market Outlook, By Open Differential (2019-2028) (US $MN)
13 Global Automotive Differential Market Outlook, By Torque Vectoring Differential (2019-2028) (US $MN)
14 Global Automotive Differential Market Outlook, By Torsen Differential (2019-2028) (US $MN)
15 Global Automotive Differential Market Outlook, By Component (2019-2028) (US $MN)
16 Global Automotive Differential Market Outlook, By Differential Bearing (2019-2028) (US $MN)
17 Global Automotive Differential Market Outlook, By Differential Case (2019-2028) (US $MN)
18 Global Automotive Differential Market Outlook, By Differential Gear (2019-2028) (US $MN)
19 Global Automotive Differential Market Outlook, By Differential Pin (2019-2028) (US $MN)
20 Global Automotive Differential Market Outlook, By Propulsion Type (2019-2028) (US $MN)
21 Global Automotive Differential Market Outlook, By Internal Combustion Engine (ICE) (2019-2028) (US $MN)
22 Global Automotive Differential Market Outlook, By Spark Ignition Engine based Vehicle (2019-2028) (US $MN)
23 Global Automotive Differential Market Outlook, By Compression Ignition Engine based Vehicle (2019-2028) (US $MN)
24 Global Automotive Differential Market Outlook, By Hybrid Vehicle (2019-2028) (US $MN)
25 Global Automotive Differential Market Outlook, By Plug In Hybrid Electric Vehicle (PHEV) (2019-2028) (US $MN)
26 Global Automotive Differential Market Outlook, By Hybrid Electric Vehicles (HEVS) (2019-2028) (US $MN)
27 Global Automotive Differential Market Outlook, By Electric Vehicle (2019-2028) (US $MN)
28 Global Automotive Differential Market Outlook, By Battery Electric Vehicle (2019-2028) (US $MN)
29 Global Automotive Differential Market Outlook, By Fuel Cell Electric Vehicle (2019-2028) (US $MN)
30 Global Automotive Differential Market Outlook, By Vehicle Type (2019-2028) (US $MN)
31 Global Automotive Differential Market Outlook, By Passenger Car (PC) (2019-2028) (US $MN)
32 Global Automotive Differential Market Outlook, By Commercial Vehicle (2019-2028) (US $MN)
33 Global Automotive Differential Market Outlook, By Light Commercial Vehicle (LCV) (2019-2028) (US $MN)
34 Global Automotive Differential Market Outlook, By Heavy Commercial Vehicle (HCV) (2019-2028) (US $MN)
35 Global Automotive Differential Market Outlook, By Electric Vehicle (2019-2028) (US $MN)
36 Global Automotive Differential Market Outlook, By Truck (2019-2028) (US $MN)
37 Global Automotive Differential Market Outlook, By Bus (2019-2028) (US $MN)
38 Global Automotive Differential Market Outlook, By Off Highway Vehicle (2019-2028) (US $MN)
39 Global Automotive Differential Market Outlook, By Construction & Mining Equipment (2019-2028) (US $MN)
40 Global Automotive Differential Market Outlook, By Agriculture Tractors (2019-2028) (US $MN)
41 Global Automotive Differential Market Outlook, By Forklift (2019-2028) (US $MN)
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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