The increasing demand for commercial and heavy-duty vehicles contributes to the growth of the automotive differential market.
SHERIDAN, WY, Sept. 28, 2022 /EINPresswire.com/ — The latest report released by IMARC Group, titled “Automotive Differential Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” provides a comprehensive analysis of the industry that includes insights into the Automotive Differentials market share. The report also includes competitive and regional analysis along with recent advances in the market. The global automotive differential market size reached US$20.1 billion in 2021. Looking ahead, IMARC Group expects the market to reach $26.5 billion by 2027, at a CAGR of 5.2% over 2022-2027.
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A vehicle differential is a gear system that splits the torque of the engine in two directions to allow different wheels to rotate at different speeds, rates and intervals according to the needs on the same axle. It is also used in automobiles to change direction and perform various driving operations by turning the drive shaft. Automotive differentials include pinion bearings, side gears, housings, and drive wheels as standard components installed on vehicles. These elements help reduce the differential speed despite a large delivered power, eliminate oxidation, improve heat transfer in the system and protect components from moisture accumulation. Consequently, the automotive differential finds extensive applications in commercial, passenger, and electric vehicles (EVs).
Market trends and drivers:
The significant expansion in the automotive industry and the growing demand for lightweight and high-performance automotive components are primarily driving the growth of the automotive differential market. Additionally, the increasing need to fit differentials in heavy-duty and commercial vehicles to allow for improved traction control and ease of maneuvering is fueling market growth. In addition, the integration of an Electronically Limited Slip Differential (ELSD) into sports and off-road vehicles to provide improved braking systems and a comfortable driving experience on slippery roads and off-road drives the market growth. In addition, the increasing demand for customized commercial vehicles with compact differentials and ongoing research and development (R&D) activities to introduce three-dimensional (3D) printing technologies for different transmissions with improved performance offer worthwhile opportunities for the market.
Automotive Differential Market 2022-2027 Competitive Analysis and Segmentation:
Competitive landscape with key players:
The competitive landscape of the Automotive Differentials market has been studied in the report that includes the detailed profiles of the major market players.
Some of these key players are:
• American Axle & Manufacturing Inc.
• Continental AG
• Dana Limited
• Linamar Corporation
• JTEKT Corporation (Toyota Motor Corporation)
• Schaeffler Group
• ZF Friedrichshafen AG
• Borgwarner Inc.
• Eaton Corporation Inc.
• GKN Plc (Melrose Industries)
Key Market Segmentation:
The report has segmented the global automotive differentials market by type, drive type, vehicle, component, vehicle drive type, and region.
Breakdown by type:
• Electronic limited slip differential (ELSD)
• Locking differential
• Locking differential (LSD)
• Open differential
• Torque vectoring differential
Breakdown by drive type:
• Front wheel drive (FWD)
• Rear wheel drive (RWD)
• All Wheel Drive/All Wheel Drive (AWD/4WD)
Breakdown by vehicle:
• Passenger cars
• Light commercial vehicle
• Heavy commercial vehicle
Breakdown by component:
• Differential bearings
• Differential gear
• Differential case
Breakdown by Vehicle Powertrain Type:
• C. Motor vehicle:
o Vehicle with spark ignition engine
o Vehicle based on a compression ignition engine
• Electric vehicle:
o Battery electric vehicle
o Fuel cell electric vehicle
• Hybrid electric vehicle:
o Hybrid electric
o Electric plug-in hybrid
Breakdown by region:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Ask the analyst for customizations and explore the full report with TOC and table of figures: https://www.imarcgroup.com/request?type=report&id=2326&flag=C
Key highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market drivers and success factors
• Effects of COVID-19
• Value chain analysis
• Comprehensive mapping of the competitive landscape
If you require specific information that is not currently in the scope of the report, we will provide it as part of the customization.
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