In the normal drive mode, the vehicle runs in 2-wheel drive, with its rear wheels receiving power and pushing the front wheels. In all wheel drive, all wheels receive power where in the front and rear wheels rotate at the same speed, which improves traction and stability. Improved safety, stability, fuel efficiency and drive control are some of the factors which will accelerate the automotive all wheel drive market growth. for off-road driving like sand, snow or climbing slippery hills where wheel slips may occur, the all wheel drive helps to evenly distribute the power to front and rear axles thus controlling power in all wheels and keeping a straight traction. Rise in demand for powerful commercial heavy duty vehicles such as trucks and lorries as well as for SUVs and vehicles with high torque driving experience will accelerate all wheel drive market growth. Earlier, these systems were available only in high-end cars but the introduction in small passenger cars and hybrid electric vehicles has led to an increase in global demand. Increase in passenger safety concerns and stringent government motor vehicle safety regulations will act as an opportunity for this industry in the forecast period.
The global automotive all wheel drive market can be segmented based on technology, vehicle, electric vehicle, and region. In terms of technology, the automotive all wheel drive market can be classified into automatic all wheel drive, and manual all wheel drive. The automatic all wheel drive segment is expected to play a key role in the global automotive all wheel drive market during the forecast period. Automobile manufacturers and technical vendors are investing in automatic wheel drive in order to gain competitive advantage in the automotive all wheel drive market. Based on vehicle, the automotive all wheel drive market can be divided into passenger vehicle, light commercial vehicle, and heavy commercial vehicle.
The passenger vehicle segment is estimated to expand significantly during the forecast period due to the rise in income level and significant difference in the average amount of money spent on performance-enhancing, and energy-efficient technology for personal use vehicle. Based on electric vehicle, the automotive all wheel drive market can be segregated into battery vehicle, hybrid electric vehicle, and plug in hybrid electric vehicle. Increase in government support for green vehicles is propelling the demand for electric vehicles. This, in turn, is augmenting the demand for automotive all wheel drive market. The hybrid electric vehicle segment is anticipated to hold a prominent share of the automotive all wheel drive market during the forecast period.
Based on geography, the global automotive all wheel drive market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe and the U.S. automotive all wheel drive market expand significantly due to high penetration of SUV’s and mini sports vehicles. Emerging economies like India, China, Japan, are seeing an increase in purchasing power of consumers which has led to an increased demand for luxury and high end vehicles with automotive all wheel drive market in Asia Pacific.
Key player operating in the global automotive all wheel drive market are ZF Friedrichshafen AG, Magna International Inc., BorgWarner Inc., Continental AG, JTEKT Corporation, BorgWarner Inc., and Haldex.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.