Global Automotive Differential Market, By Type (Open, Locking, ELSD, Torque Vectoring, LSD), By Layo

Published Date: | Report Code : AT1917161

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Increasing demand for AWD and 4WD layout vehicles is expected to drive the growth of the automotive differential market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Automotive differential is a gear train, which splits the power generated by an engine between two wheels. It splits the power independently between the two wheels for more grip and traction. Differential splits the maximum power to the outer wheels while taking a turn so that it can turn in a larger circumference smoothly.

Segment Analysis:

It can be mostly seen in luxury vehicles and SUVs, which have an RWD or AWD/4WD layout to deliver more stability and grip on any kind of terrain. There are different types of differential, such as limited-slip differential, torque vectoring, open differential, etc.  

There is an increasing demand for SUVs, crossovers, and luxury vehicles, which is driving the automotive differential market. Moreover, the growing demand for AWD and 4WD vehicles in certain regions has also contributed to the growth of the automotive differential market. Furthermore, the market is driven due to safety, comfort, and the smooth performance of a vehicle as a result of differential. Asia Pacific is expected to lead the automotive differential market, owing to the increasing demand for AWD and 4WD vehicles. This market is expected to witness significant growth in Europe and North America due to the increasing demand for luxury passenger vehicles as well as AWD and 4WD vehicles.

Key Factors Impacting Market Growth:

  • Increasing demand for AWD and 4WD layout vehicles
  • Safety and smooth performance of vehicles 

Regional Analysis: 

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the automotive differential market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with many global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the automotive differential market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the automotive differential market in the region. 

Asia Pacific is estimated to be the fastest-growing region for the automotive differential market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the automotive differential market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: 

GKN plc, Dana Limited, Auburn Gear, The Schaeffler Technologies AG & Co., Jiangsu Pacific Precision Forging Co., JTEKT Corporation, Auburn Gear, and Neapco…

Market Segmentation:

By Type:

  • Open
  • Locking
  • Electronic Limited Slip Differential (ELSD)
  • Torque Vectoring
  • Limited Slip Differential (LSD)

By Layout:

  • Four Wheel Drive/All Wheel Drive(4WD/AWD)
  • Rear Wheel Drive (RWD)
  • Front-Wheel Drive (FWD)

By Vehicle Type:

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Component:

  • Differential Bearing
  • Differential Gear
  • Differential Case

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Layout
    • By Vehicle Type
    • By Component
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Layout
    • By Vehicle Type
    • By Component
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Layout
    • By Vehicle Type
    • By Component
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Layout
    • By Vehicle Type
    • By Component
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Layout
    • By Vehicle Type
    • By Component
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Layout
    • By Vehicle Type
    • By Component

Reasons To Buy This Report:

  • Market size estimation of the automotive differential market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all possible segments helping every stakeholder in the market

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We provide customization of the study to meet specific requirements:

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