Global Automotive Differential Market is expected to reach USD 29.63 billion by 2025, from USD 21.65 billion in 2017 growing at a CAGR of 4.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition: Global Automotive Differential Market
The automotive differentials allow or split the power/torque generated to allow wheels and axels to move and rotate independently at different speed. It is the differentials that let wheels rotate at different speeds/rpm. With increased disposable income and thrust for high performance and premium cars, the global automotive differential market is likely to show a surge in its growth and share. Adoption of electronically controlled LSD system in mid-segment cars and increased focus of automotive manufacturers to replace mechanical components with compact electronic components are gaining attention towards in the market. This is because of the full traction benefit, driving benefits, handling benefits during sudden yaw dampening provided by the same. In type the Open and the Electronic Limited Slip Differentials are likely to show more growth with a high share of the 4WD type.
- Increase in disposable income of people and their desire for a luxurious status quo.
- New technologies and high demand for automobiles and driving dynamics.
- Increasing demand for premium and high performance vehicles.
- Advanced technologies and emergence of In-Wheel Motor dynamics.
- Surging demand for Hybrid propulsion and light duty vehicles.
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Segmentation: Global Automotive Differential Market
By Differential Type
- Torque Vectoring
By Drive Type
By Vehicle Type
- Passenger Cars Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Hybrid Vehicles
Competitive Analysis: Global Automotive Differential Market
The Global Automotive Differential Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive differential market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Automotive Differential Market
The key players operating in the Global Automotive Differential Market are –
- American Axle
- Bharat Gears
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