Limited Slip Differential Market

Limited Slip Differential Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Global Limited Slip Differential Market - Introduction

Limited slip differential is a type of automotive differential that functions as an open differential as well as locked differential. It prevents extra power from being allocated to one wheel. Limited slip differential offers better traction in off-road and snow conditions. Mostly, the limited slip differential functions as an open differential, and while driving in slippery conditions, it automatically locks and functions as a lock differential. The limited slip differential improves the driver’s control, enhances the vehicle’s power efficiency, delivers better traction control, and provides better cornering. It is largely preferred over the traditional automotive differential and is currently quite popular.

Global Limited Slip Differential Market - Competitive Landscape

In 2017, at the Frankfurt Motor Show, GKN Plc presented an electric driveline concept for car that was claimed to be the world’s most advanced concept for electric driveline “Dubbed eTwinsterX”. The system fetches couple of technologies already commercialized by the company along with few key innovations. The technology has been made available for production vehicles of Range Rover Evoque and the Ford Focus RS. Moreover, the technology also produces a negative torque effect to decelerate the vehicle speed, and offers a limited-slip differential function.

JTEKT Corporation

Established in 1921, JTEKT Corporation currently has its headquarters in Osaka, Japan. The company operates through four business areas which includes bearings, steering, machine tools & mechatronics, and driveline. It operates through several locations spread across Europe, North America, Asia, Oceania, and South Africa. In 2016, JTEKT Corporation acquired 922 patents.

Eaton

Founded in 1911, Eaton is presently based in Dublin, Ireland. Eaton is a leading company providing solutions to aviation, automobile, hydraulics, filtration, and electrical sectors. The company operates in over 60 countries and delivers products over 175 countries. In 2016, 68% of the company’s automotive sales were made to nine large original equipment manufacturers.

Drexler Automotive GmbH

Established in 1998, Drexler Automotive GmbH currently has its headquarters in Salzweg, Germany. The company is a leading manufacturer of innovative drive train technology for racing cars, sports, and super sports cars. It supplies limited slip differentials to major OEMs including BMW, Volkswagen, Mercedes Benz, and Ford. The company has sales offices in Australia, New Zealand, Japan, Italy, Austria, the Czech Republic, England, the Netherlands, Russia, and the U.S.

Global Limited Slip Differential Market - Dynamics

Demand for four-wheel drive system with improved traction and enhanced handling experience driving demand for limited slip differential

Presently, four-wheel drive system are gaining popularity across the globe. This is due to their ability to offer excellent grip in slippery conditions, better traction, maximum comfort, improved ride handling experience, and better off-road driving. Moreover, the differential also provides enhanced stability while cornering, starting and acceleration performance, straight line stability, and hill climbing performance are boosting the demand for 4WD systems. This trend is anticipated to continue in the near future, thereby boosting the demand for four-wheel drive system.

Furthermore, increasing demand for SUVs and crossovers due to higher off-road driving activities is likely to boost the four-wheel drive segment, thereby boosting the limited slip differential market.

Surge in popularity of off-road vehicles and sports cars around the world

Demand for off-road vehicles has been increasing for the last couple of years, owing to rising demand for drive for all types of surfaces such as desert areas, grasslands, rugged terrain, and concrete roads. Moreover, demand for all-terrain vehicles for different applications, such as agriculture, forestry, and mountain ride, is increasing. Off-road vehicles are equipped with limited slip differentials, which provide better traction and ride handling experience. This is anticipated to augment the limited slip differential market in the near future.

Electric vehicles consisting of motors at each wheel to restraint limited slip differential market

Majority of electric vehicles are integrated with a single electric motor, which generates power and distributes it via the differential. However, a few electric vehicles have separate motors for each wheel, which eliminates the need for a differential. New electric cars manufactured by top auto manufacturers use this technology. This is likely to hinder the limited slip differential market in the near future.