Global Differential Lock Market - Introduction
The differential lock is a series of gears, which allows the wheels to spin at different speeds. The differential lock distributes power equally to all the wheels and improves traction. Differential locks are usually utilized for rear axles; however, they are also sometimes used for the front axle for driving on off-road conditions.
Global Differential Lock Market - Competitive Landscape
In 2016, Eaton announced that it would supply its ELocker electronic-locking differential to the Chevrolet Colorado, a mid-size truck. The differential with locking mechanism is expected to be utilized on both front and rear axles. Eaton is a major supplier of differential locks to the General Motors Company and provides its automatic locking differential to Chevrolet’s Suburban, Tahoe, and Silverado models.
Established in 1911, Eaton is presently headquartered in Dublin, Ireland. Eaton is a key player operating in differential lock market, supplying products such as Detroit locker, Elocker, and Elocker4. It operates in more than 60 countries and offers over 175 products worldwide. The company is a major OEM supplier with majority sales in North America.
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Founded in 1759, GKN plc is currently headquartered in Redditch, U.K. GKN plc has service centers and offices in 30 countries across the world. The company operates with various business segments such as automotive, aerospace, powdered metallurgy, off-highway powertrain and wheels and structures. The company has a wide portfolio and is also a major supplier of differential locks.
Global Differential Lock Market - Dynamics
Rising consumer demand for better ride-handling driving the differential lock market
The differential lock, when engaged, prevents spinning of the free wheel and helps gain traction. The differential lock improves ride handling, particularly in off-road driving, allows the vehicle to turn at shorter radii and permits independent movement of all wheels. Rising consumer affordability and awareness about technology is boosting the demand for vehicles with better ride-handling capabilities and better traction.
Rise in demand for selectable differential lock
The selectable differential lock enables the driver to switch between locked and open differential. In a selectable differential lock, the driver can ride the vehicle with an open differential with the differential lock disengaged, and also drive the vehicle off-road with the differential lock engaged. Demand for selectable differential lock is rising due to its robust design.
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Global Differential Lock Market - Segmentation
Based on transmission type, the global differential lock market can be segmented into
Based on lock type, the global differential lock market can be bifurcated into
Based on sales channel, the global differential lock market can be classified into
Based on vehicle, the global differential lock market can be split into
- Passenger Vehicle
- Commercial Vehicle
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