All-Wheel Drive (AWD) Vehicle – Global Market Outlook (2019 -2027)

  • Global All-Wheel Drive (AWD) Vehicle Market is expected to reach $695.93 billion by 2027 growing at a CAGR of 7.0% during 2019 to 2027.

     

    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.

    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.

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    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 (4×4) 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 (4×4) 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.

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    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.

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    Operations Covered:
    • Manual
    • Automatic

    Propulsions Covered:
    • Electric
    • IC-Engine

    Vehicle Types Covered:
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
    • Passenger Vehicle

    Technologies Covered:
    • Four Wheel Drive (4WD)
    • All-Wheel Drive (AWD)

    Regions Covered:

    • North America
    o US
    o Canada
    o Mexico
    • Europe
    o Germany
    o France
    o Italy
    o UK
    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:
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    – Market share analysis of the top industry players
    – Strategic recommendations for the new entrants
    – Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
    – 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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