May 12, 2020 3:31 PM ET
iCrowd Newswire – May 12, 2020
The Global Automotive Differential Market is estimated to grow at a CAGR of 5.2% during the forecast period 2019-2026. As per the detailed market study, the global market recorded $19.16 billion in the year 2018 and is estimated to reach $28.57 billion by the end of the year 2026.
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Automotive Differentials are used to segment torque of engine in two ways that allows each output to spin at different speeds. This automotive part is used in all the major category of vehicles that include all drive vehicles, passenger vehicles and commercial vehicles.
The Global Automotive Differential Market is majorly driven by various growth factors such as increasing demand for commercial vehicles and growth in automobile manufacturing. However, rise in vehicle manufacturing with in-wheel electric motors will impede the market growth over the long-term. While, manufacturing of electronic limited-slip differential will offer some lucrative market opportunities for the key market players for the future period.
Segmentation Overview of the Global Automotive Differential Market
The global automotive differential market is segmented on the basis of drive type, vehicle type and type. These market segments are further categorized into various sub-segments to analyse and study the overall market.
The Drive Type Segment of the Global Automotive Differential Market is Sub-Segmented into:
- Front-Wheel Drive (FWD)
- Rear-Wheel Drive (RWD)
The Vehicle Type Segment of the Global Automotive Differential Market is Sub-Segmented into:
- Passenger Car
- Commercial Vehicle
- Electric Vehicle
The Type Segment of the Global Automotive Differential Market is Sub-Segmented into:
- Limited-Slip Differential
- Electronic Limited-Slip Differential
- Torque Vectoring
Geographical Overview of the Global Automotive Differential Market
On the basis of geographical segmentation, the global automotive differential market was studied across North America (U.S., Canada and Mexico); Europe (Germany, UK, Russia, France and Rest of Europe); Asia Pacific (China, India, Japan, Korea and Rest of Asia Pacific); LAMEA (Brazil, Saudi Arabia and Rest of LAMEA). As per the analysis, the Asia-Pacific region hold the largest market share in the year 2018 by capturing more than 2/5th of the market share of the global marketplace. Furthermore, the region is estimated to grow at fastest growth rate with the CAGR of 6.4% during the forecast period 2019-2026.
Key Players Insights
Linamar Corporation, JTEKT Corporation, American Axle & Manufacturing Inc., BorgWarner Inc., Continental AG, ZF Friedrichshafen AG, Schaeffler Technologies AG & Co. KG, Eaton, Dana and GKN are some major market players included in the research study of the global automotive differential market. The research report includes detailed study of the company profiles with analysis of various sections of the global market. The sections of the company profile include company overview, company snapshot, product portfolio, financial performance, SWOT analysis and strategic developments.
As per the market study, from the list of market players included in the research study, GKN, ZF Friedrichshafen AG and Dana are dominating the global market with majority of market share. The competitive edge in the automotive industry led the key dominant players to majorly focus on product innovations. While, mobility is becoming highly automated and advanced that require complex technology to work on with high capital cost. Hence, the market is dominated by only few key players.
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Keywords: Automotive Differential Market, Global Automotive Differential Market