DUBLIN--(BUSINESS WIRE)--The "Global Automotive Four-wheel Drive Vehicle Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global automotive four-wheel drive system market is expected to grow at a CAGR of over 12% during the forecast period.
One trend in the market is development of electric four-wheel drive system. The global automotive four-wheel drive system market is witnessing developments in terms of advanced functionalities, material use, and applications. Prominent vendors operating in the market are making used of advanced processes, materials, and technologies to enhance system designs. They are making considerable investments in R&D and developing superior four-wheel drive systems that incorporate innovative materials and processes.
According to the report, one driver in the market is increased penetration rate of four-wheel drive system in sedans. The global automotive industry is witnessing growing demand for almost all vehicle categories, including SUVs hatchbacks, pickup trucks, and sedans. Mid-segment and premium/luxury segment sedans are in high demand in emerging economies such as China, India, and countries in South East Asia. The performance variant of sedans is also gaining popularity in these regions given the high penetration rate of turbochargers, superchargers, and four-wheel drive systems in them.
Further, the report states that one challenge in the market is four-wheel drive systems are expensive. The global automotive four-wheel drive system market has to contend with a stiff challenge when it comes to the cost factor. Automotive four-wheel drive systems command high costs in terms of design, development, and manufacturing owing to the components and technology used. Automotive four-wheel drive systems incorporate many expensive crucial components and systems such as transfer case, differentials, and driving shaft among others.
Market Trends
- Development of Electric Four-Wheel Drive System
- Increased Penetration Rate of Four-Wheel Drive System in Sedans
- Development of Electric Drive Axles
Key Players
- ZF Friedrichshafen
- Magna International
- BorgWarner
- GKN
- LINAMAR
- American Axle & Manufacturing
Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/gz3jrp/global_automotive?w=4
