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The future of the global automotive differential market looks promising with opportunities in passenger cars, light commercial vehicles and heavy commercial vehicles segments. The global automotive differential market is expected to grow with a CAGR of 4%-6% from 2021 to 2026. The major drivers for this market are raising demand for commercial & heavy-duty vehicles, growing demand for all wheel drive vehicles and increase in infrastructure investments.
Emerging trends, which have a direct impact on the dynamics of the industry, include technological advancements of slip differentials, rise of electric vehicles and increasing demand for artificial intelligence in machine vision.
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The study includes a forecast for the global automotive differential market by differential type, drive type, hybrid type, component, vehicle type and region, as follows:
By Differential Type [Value ($ Million) from 2015 to 2026]:
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Open Differential
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Locking Differential
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Limited Slip Differential
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Electronic Limited Slip Differential
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Torque Vectoring Differential
By Drive Type [Value ($ Million) from 2015 to 2026]:
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Front wheel drive
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Rear wheel drive
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All wheel/four-wheel drive
By Hybrid Type [Value ($ Million) from 2015 to 2026]:
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Hybrid Electric Vehicles (HEVS)
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Plug in Hybrid Electric Vehicles (PHEVS)
By Component [Value ($ Million) from 2015 to 2026]:
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Differential bearing
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Differential case
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Differential gear
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
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Passenger Cars
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Light Commercial Vehicles
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Heavy Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
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North America
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United States
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Canada
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Mexico
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Europe
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Germany
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United Kingdom
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APAC
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China
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India
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Japan
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ROW
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Middle East
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Brazil
Some of the automotive differential companies profiled in this report include ZF Friedrichshafen AG, Eaton, BorgWarner, Schaeffler, GKN PLC, JTEKT Corporation, DANA Limited, Neapco Inc., Auburn Gear LLC, and Jiangsu Pacific Precision Forging Co., Ltd.
Lucintel forecasts that all wheel drive/four wheel drive will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the growing demand for improved vehicle safety, stability, & enhanced driving dynamics and increasing demand for SUVs.
Within the global automotive differential market, the passenger cars segment is expected to witness the highest growth over the forecast period due to the increasing per capita income, improved standard of living and increasing sale of passenger cars and stringent rules and regulation of government.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the upsurge in the number of vehicles, rising automotive industry and the presence of large number of contract manufacturers as well ass high adoption of automation processes.
Features of the Global Automotive Differential Market
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Market Size Estimates: Global automotive differential market size estimation in terms of value ($M) shipment.
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Trend and Forecast Analysis: Market trends (2015-2021) and forecast (2021-2026) by various segments.
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Segmentation Analysis: Global automotive differential market size by various segments, such as by differential type, drive type, hybrid type, component and vehicle type in terms of value
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Regional Analysis: Global automotive differential market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
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Growth Opportunities: Analysis of growth opportunities in different by differential type, drive type, hybrid type, component, vehicle type and regions for the global automotive differential market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global automotive differential market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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This report answers following 11 key questions |
Q.1 What are some of the most promising growth opportunities for the global automotive differential market by differential type (open differential, locking differential, limited slip differential, electronic limited slip differential and torque vectoring differential), drive type (front wheel drive, rear wheel drive and all wheel drive/four wheel drive), hybrid type (hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs), component (differential bearing, differential gear and differential case), vehicle type (passenger cars, light commercial vehicles and heavy commercial vehicles) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M & A activity has occurred in the last five years? |
Report Scope
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Key Features |
Description |
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Base Year for Estimation |
2021 |
Trend Period
(Actual Estimates) |
2015-2020 |
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Forecast Period |
2021-2026 |
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Pages |
210 |
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Market Representation / Units |
Revenue in US $ Million |
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Regional Scope |
North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil) |
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Report Coverage |
Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
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Market Segments |
Differential Type (Open Differential, Locking Differential, Limited Slip Differential, Electronic Limited Slip Differential and Torque Vectoring Differential), Drive Type (Front Wheel Drive, Rear Wheel Drive and All Wheel Drive/Four Wheel Drive), Hybrid Type (Hybrid Electric Vehicles (HEVs) and Plug-In Hybrid Electric Vehicles (PHEVs), Component (Differential Bearing, Differential Gear and Differential Case), Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles) |
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Customization |
10% Customization without Any Additional Cost |