GlobalAutomotive Differential System Market size was valued US$ XX Mn. in 2019and the total revenue is expected to grow about CAGR 5.2% from 2020 to 2027,reaching nearly US$ XX Mn.
Global Automotive DifferentialSystem Market
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Global Automotive DifferentialSystem Market: Overview
Differential System is used whilevehicle turns, and the drive wheel of vehicle needs different speed to take turn.During turning vehicle, the outer wheel of vehicle needs more revolution tocover extra distance than the inner wheel. Automotive Differential System is agear train which splits power of engine in two components that assist vehicleto move smoothly. This system also helps in avoiding slipping of wheel whiletaking turn. This system consists of gears shafts which are specially arrangedinside a casing which divide power and torque as required by the driving wheel.This system is used in front wheel drive, rear wheel drive as well as rearwheel drive vehicle.
Global Automotive DifferentialSystem Market: Trends
New technologically advanceddifferential provides controlled limited slip which is used in mid segmentcars. Manufacturers are trying to replace mechanical parts with morelightweight and compact electronic components are getting traction in market.This system gives driving benefits, and handling benefits and also offers lowmaintenance cost.
Global Automotive DifferentialSystem Market: Drivers
Massive growth in production andincreasing demand for vehicle will fuel the growth of Global AutomotiveDifferential System Market in future. Increasing all-wheel drive vehicle demandexpected to influence the Automotive Differential System Market in years ahead.Rising per capita income in developing as well as developed countries drivingthe market of passenger cars, also global living standards is growing theGlobal Automotive Differential System Market. Moreover, for better roadtraction and better fuel efficiency are the main key drivers for growth of themarket.
Surge in demand of SUV segment andCrossover across Europe and the U.S., customers are also likely to getcomfortable rides and extra space in riding boot is the main factor drivingGlobal Automotive Differential System Market. Moreover, in US interest rate onvehicle loan reduced increasing car sales in US positively impacting growth ofAutomotive Differential market.
Differentials are simple in design,provides smooth operation and do not require friction modifiers to limit slip;these factors are expected to run Global Automotive Differential System Market.
Global Automotive DifferentialSystem Market: Challenges
Demand of electric vehicle isincreasing which acts as restraint to global automotive differential market, asthey possess pure electric power train system which eliminates use ofdifferential. Limited response sensitivity of ECU (Electronic Control Unit)will occur in delay in differential response will hinder the growth of GlobalAutomotive Differential System Market. Adoption of electronic system instead ofdifferential system which provides minimum slip and low maintenance will impactAutomotive Differential System Market.
Global Automotive DifferentialSystem Market1
Global Automqotive DifferentialSystem Market: Regional Overview
Global Automotive DifferentialSystem Market is segmented into regions Asia Pacific, North America, Europe,South America, and Middle East & Africa. Based on regional segment analysisAsia Pacific and Latin America regions are showing tremendous growth inautomotive sector in the past few years, owing to its increasing population andemerging economies. These regions are developing and easy finance availabilityfueling the growth of automotive sector.
Asia Pacific region is expected tomaintain its dominance over the automotive market in terms of revenue growthand volume increment in demand of four-wheel vehicle. India, China, and SouthKorea are showing growth in four-wheeler vehicle market.
Europe region is expected to be thesecond largest market for automotive in terms of growth which is followed byNorth America. Europe is likely to gain traction in the forecasted years aspassenger car segment is growing in these regions. Middle East & Africashows slow and steady growth in the forecasted year.
GlobalAutomotive Differential System Market: Segmentation
Global Automotive DifferentialSystem Market is segmented into Differential Type (Passenger Vehicle, LightCommercial Vehicle, Heavy Commercial Vehicle), Technology Type(Thin-Film-Transistor Liquid Crystal Display (TFT LCD), Passive-Matrix OrganicLight-Emitting Diode (PMOLED), Passive-Matrix Liquid Crystal Display (PMLCD),Active-Matrix Organic Light-Emitting Diode (AMOLED), Others), Application Type(Centre Stack Display, Driver Information Display, Entertainment Display,Head-Up Display, Other Displays), and Region (North America, Europe, Asiapacific, Middle East & Africa, and Latin America).
The report also helps inunderstanding Automotive Differential System Market dynamics, structure byanalyzing the market segments and projects the Automotive Differential SystemMarket size. Clear representation of competitive analysis of key players bySupply Chain, price, financial position, Product portfolio, growth strategies,and regional presence in the Automotive Differential System Market make thereport investor’s guide.
Scope of the AutomotiveDifferential System Market: Inquire before buying
Automotive Differential SystemMarket, By Differential Type
• Open Differential
• Locking Differential
• Limited-Slip Differential
• Electronically ControlledLimited-Slip Differential
• Torque Vectoring Differential
Automotive Differential SystemMarket, By Drive Type
• Front wheel drive (FWD)
• Rear wheel drive (RWD)
• All wheel drive/Four-wheel drive(4WD)
Automotive Differential SystemMarket, By Component Type
• Differential Bearing
• Differential Gear
• Differential Case
Automotive Differential SystemMarket, By Vehicle Type
• Passenger Cars
• Light Commercial Vehicles
• Trucks
• Buses
• Construction & MiningEquipment
• Agriculture Tractors
• Forklifts
• HEVs
• PHEVs
Automotive Differential SystemMarket, by Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in AutomotiveDifferential System Market
• ZF Friedrichshafen AG
• Eaton
• BorgWarner
• Schaeffler
• GKN PLC
• JTEKT Corporation
• DANA Limited
• Drexler Automotive GmbH
• Neapco Inc
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