Automotive Differential Market
PUBLISHED: 2021 ID: SMRC20613
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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

4.1 (43 reviews)
4.1 (43 reviews)
Published: 2021 ID: SMRC20613

This report covers the impact of COVID-19 on this global market
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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.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 18.75billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

6.7%

Predicted 2028 Value:

USD 31.50billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

302

Chapters Covered:

Drive Type, Differential Type, Component, Propulsion Type, Vehicle Type and Region

Core Drivers and Opportunities:

  • Increase in demand for commercial & heavy-duty vehicles
  • Increase in demand for luxury and sport utility vehicles (SUV) vehicles
  • Need of better traction on roads

Restraining Factors & Market Threats:

  • Increase in demand for electric vehicles
  • Developing fail-safe electronic and electrical components


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


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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