All Wheel Drive Market size was valued at US$ 34.8 Bn. in 2021 and the total revenue is expected to grow at 8.6% through 2022 to 2029, reaching US$ 67.33 Bn.
All Wheel Drive Market Overview:AWD refers to a vehicle that uses a front, rear, and center differential to distribute power to all four wheels. This implies that the power of the vehicle is spread evenly across all four wheels, providing improved traction for increased safety regardless of the type of ground and how the automobile is being utilized. Along with many premium and performance cars, it is frequently seen in crossovers and SUVs. The important variables that are projected to drive the growth of the market under study during the forecast period are the advancements and improvements made to the all-wheel-drive system and its penetration into the expanding market for electric vehicles. Thanks to technological advancements and the introduction of several unique technologies, the automotive sector has been growing in diverse segments. The quickly changing consumer market and environmental restrictions have driven continuous developments in the global vehicle sector. Car manufacturers are concentrating more on releasing improved all-wheel-drive systems in order to capture a substantial share of the current market. All Wheel Drive vehicle industry innovations during the past ten years are expected to have a positive impact on the worldwide all-wheel drive vehicle market. These advancements have mostly been directed toward improving off-road and cold-weather vehicle capabilities. The automobile industry is expected to benefit from technical improvement and the creation of several innovative combustion modes, including homogeneous charge compression ignition (HCCI), as a result of the rise in demand for high performance and low carbon emissions. Additionally, because there will be a high demand for automobiles throughout the forecast period, advancements in electric vehicle technology are expected to boost the production of electric vehicles (EVs) globally. The market for all-wheel drive vehicles is thus expected to grow globally. To know about the Research Methodology :- Request Free Sample Report
All Wheel Drive Market Dynamics:5-star safety rating testing driving market New assessment protocols have been announced by Global NCAP, and they will be in force from July 2022 through December 2025. A new set of testing requirements that must be met in order to receive a 5-star crash test safety certification have been implemented. Along with this, the safety watchdog also made ESC tests and side impact measures essential. These automobiles, which account for around 86% of the fleet's new cars, help buyers in choosing the ones that best suit their families' transportation requirements. New cars are evaluated to NHTSA crash tests to determine how effectively they protect people in frontal, side, and rollover accidents. One to five stars are assigned based on the test results, with five stars being the highest ranking. The Monroney label, or window sticker, of new automobiles, displays the vehicle safety ratings, which manufacturers frequently utilize in their advertising more regulation and affects are covered in report. THE MODEL YEAR 2022 VEHICLES SELECTED FOR 5-STAR SAFETY RATINGS TESTING
Poor Gas Mileage Vehicles with 2-wheel drive often have greater gas mileage than those with 4-wheel or all-wheel drive. There is a reason for this: AWD or 4WD vehicles must transmit power to all four wheels, which uses additional energy. Accordingly, 2WD vehicles have simpler drivetrains than AWD or 4WD vehicles, which results in longer-term improvements in fuel efficiency. Due to their added weight, All wheel Drive vehicles also have lower gas mileage than their 2WD counterparts. AWD and 4WD drive systems can increase a car's curb weight by hundreds of pounds, and that added weight can significantly reduce fuel efficiency. That's because a heavier automobile requires an engine to work harder, which uses more fuel to move an All wheel Drive car the same distance as one with 2WD. Automotive All Wheel Drive technology is the opportunity for the new entrance The automated All wheel Drive system functions as a hybrid of all existing systems, including manual and 2WD All wheel Drive. The modern AWD-Disconnect system performs a variety of tasks, such as determining whether All wheel Drive is necessary, adjusting the steering angle needed to distribute torque to the wheels in the proper ratio for turning, utilizing electronic power steering to improve angle detection, properly distributing torque to the front and rear wheels separately, and more. The technology created by Honda Motor Company can increase vehicle stability, deliver greater performance, and react to driver input. Additionally, it combines individually controlled torque distribution to the left and right rear wheels with front-rear torque distribution control. According to the driving circumstances, this results in the effortless distribution of the ideal amount of torque to all four wheels. The main obstacle in developing such systems would be making them compatible with hybrid or plug-in hybrid cars. The demand for such systems would also depend on the price of the new automated All wheel Drive and how it would affect the car's fuel economy.
Make Model Body Acura MDX SUV Audi Q4 e-tron* SUV Chevrolet Bolt EUV* SUV Chevrolet Bolt EV* 5 HB Chevrolet Silverado 1500 PU/CC Chevrolet Traverse SUV Ford Escape PHEV** SUV Ford Expedition SUV
All Wheel Drive Market Segment Analysis:Based on Type, based on type All wheel Drive automatic type held XX% of market share in 2021. All Wheel Drive systems, both manual and automated, provide superior traction, stability, torque, steering, and weight distribution. When a high powertrain is needed, sensors on the drivetrain in automatic All wheel Drive rapidly engage the rear shaft. It does, however, include an extra multi-plate clutch that enables switching from 2WD to AWD. The market for All wheel Drive systems is growing in Europe and North America mostly due to safety regulations, severe weather, and consumer demand for safety features. The development of intelligent All wheel Drive or disconnect and decoupling AWD systems has partially addressed the drawbacks of manual All wheel Drive systems, including excessive fuel consumption and expensive maintenance costs. As a result, automated All wheel Drive systems are expected to have a larger market share than manual All wheel Drive systems. Increasing purchasing power, customer demand for safety features, and road conditions are the elements driving the RoW area, which includes several growing countries like Brazil and South Africa. EV Type, based on EV type battery type electric vehicle held the highest market share in 2021. The global market for electric on-demand all-wheel drive systems is expected to be driven by an increase in the integration of All wheel Drive in electric cars. An electric motor powers the front and back wheels of an electric all-wheel drive vehicle. The same motor may or may not drive the front and rear wheels. In a vehicle layout, two motors, one for each axle, can be utilized to distribute torque to all four wheels. The production of EV batteries has grown significantly as a result of ongoing technological developments in the battery and a rise in consumer demand. Over the past ten years, new battery technologies have reduced the price of EV batteries. As EV batteries are one of the most costly components of an electric car, this has resulted in a reduction in the cost of owning an electric vehicle. For instance, the cost of an EV battery was over US$ 1,100 per kWh in 2010, but it was only about US$ 137 in 2020 per kWh. The EV market has been growing in Japan and South Korea over the past several years. Their governments have installed EV charging stations, passed strict pollution regulations, set deadlines for switching from ICE cars to full or hybrid EVs, and other measures to promote the increase in demand for EVs. The market for EVs is also expected to grow in India throughout the predicted period. All of these demonstrate the rising demand for and production of electric cars in the Asia Pacific over the course of the forecast period. As a result, Asia-Pacific is expected to account for a sizable portion of the global market for electric on-demand all-wheel drive systems. The market for electric on-demand all-wheel drive systems is very competitive due to the existence of leading manufacturers. The following are a few of the major companies in the global market for electric on-demand all-wheel drive systems: AB Volvo, Audi AG, Dr.-Ing. h. c. F. and Porsche AG, GKN Automotive Ltd., Honda Motor Company Ltd., Nissan Motor Co., Ltd., Robert Bosch GmbH, Tesla Inc., Toyota Motor By Component Type, based on component, differential type held xx% of share in 2021. A set of gears called the differential is situated in the middle of the axles. In vehicles, a differential's primary function is to transmit engine torque to the tires. such that many tires on the same axle can rotate at various rates simultaneously. Different drivetrain systems utilize differentials for various functions. Only while the automobile is turning do rear-wheel drive vehicles rotate the tires at various rates. In contrast, differentials in AWD and 4WD vehicles operate constantly and deliver split torque as needed. The electronically limited slip differential essentially distributes torque, enabling the car to traverse terrain and road conditions that a conventional axle would not be able to. The system is constantly on and doesn't need the driver to do anything. Additionally, it is expected that rising consumer disposable income, increased demand for light and heavy commercial vehicles, and a preference for luxury automobiles would all boost the market growth. The market's development throughout the expected period is influenced by new competitors and market leaders working in various sectors across developing countries, as well as by a rise in the adoption of AWD and 4WD cars. For increased effectiveness and performance, some OEMs are concentrating on creating innovative electronic limited-slip differentials. For instance, Eaton unveiled InfiniTrac in 2020, a variable-bias limited-slip differential that is electronically controlled, hydraulically activated, and offers optimal vehicle performance at every speed and traction situation. Directing power to the wheels with traction improves vehicle stability control.
All Wheel Drive Market Regional Insights:The Asia Pacific region dominated the market with xx % share in 2021. The Asia Pacific region is expected to witness significant growth at a CAGR of xx% through the forecast period. The Asia Pacific region is one of the world's largest manufacturing and industrial regions. The region's manufacturing centers, China and India, generated 7.1% and 2.3% of their respective countries' total revenue from the vehicle industry in 2021. One of the greatest road networks in the world is found in China and India. China and India built roads at a rate of 47 km and 29 km per day, respectively, in 2019, according to the Road Chronicle. In China and India, SUVs (Sports Utility Vehicles) are the most popular cars, although, in Japan and South Korea, sedans and MUVs (Multi Utility Vehicles) are preferred. The need for All wheel Drive systems is growing as a result of the rise in demand for such All Wheel Drive vehicles. Also, the national government has announced plans to advance fuel-efficient transportation. Additionally, Asian nations are leading the way in the adoption of fuel-efficient cars, which is expected to propel the area to the forefront of the all-wheel drive industry. As the world's largest EV All wheel Drive manufacturer and consumer, China dominates the EV All wheel Drive market in the Asia Pacific region. The Chinese government has taken action, including providing subsidies for EV buyers, laws requiring all automakers to produce EVs in proportion to the number of vehicles they produce, significant investment for the installation of EV charging stations throughout major cities, and regulations against excessively polluting vehicles.
Competitive LandscapeThe market for all-wheel drive is highly dominated by well-known global key brands. These companies are located in Germany and include Magna International Inc., Continental AG, BorgWarner Inc., JTEKT Corporation, and ZF Friedrichshafen AG (Japan). To start growing in the increasing All wheel Drive industry, these businesses have created new products, used development strategies, and new product launching, and engaged in alliances, mergers, and acquisitions. They are making an alliance with Tire1, and Tire2 suppliers to kill the competition in global as well as regional markets. Magna is the largest independent manufacturer of 4WD/AWD systems for international automakers. New cross-contact ax6 tires for SUVs were introduced by Continental AG tires in India in February 2022. According to the manufacturer, the brand-new Continental Cross-Contact Ax6 All-Terrain SUV tires provide exceptional durability, less noise, and reduced stopping distances on slick surfaces. The Nissan Z GT500 is an entirely new sports vehicle that Nissan Motor Co., Ltd., and Nissan Motorsports International are developing for release in February 2022. The Nissan Z reflects more than 50 years of unwavering enthusiasm and innovation from Nissan. Chrysler added all-wheel drive to the Pacifica model in February 2020. With this modification, Chrysler becomes the only company to provide all-wheel drive, joining Toyota as a means of reversing the trend toward SUVs.
All Wheel Drive Market Scope: Inquire before buying
All Wheel Drive Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 34.8 Bn. Forecast Period 2022 to 2029 CAGR: 8.6% Market Size in 2029: US $ 67.33 Bn. Segments Covered: by Type • Automatic All wheel Drive • Manual All wheel Drive by Application • Battery Electric Vehicles (BEV) • Plug-in Hybrid Electric Vehicle (PHEV) by component • Differential • Transfer case • Propeller shaft • Power Transfer Unit • Final Drive Unit
All Wheel Drive Market by Region• North America • Europe • Asia Pacific • South America • Middle East and Africa
All Wheel Drive Market Key Players• AB Volvo • American Axle & Manufacturing, Inc. • BorgWarner Inc. • Continental AG • Dana Incorporated • GKN Plc • Honda Motor Company Ltd. • JTEKT Corporation • Magna International Inc. • Nissan Motor Co., Ltd., • Tesla, Inc. • Valeo SA • ZF Friedrichshafen AG Frequently Asked Questions: What is the forecast period considered for the Electric Construction Equipment Market report? Ans. The forecast period for the Electric Construction Equipment Market is 2021-2029. 2. Which key factors are hindering the growth of the Electric Construction Equipment Market? Ans. Poor milage of All Wheel Drive is hindering the market growth. 3. What is the compound annual growth rate (CAGR) of the Electric Construction Equipment Market for the forecast period? Ans. 8.6% of CAGR is the annual growth rate of the electric construction equipment market. 4. What are the key factors driving the growth of the Electric Construction Equipment Market? Ans. 5 stare rating regulations are driving the market growth. 5. Which are the worldwide major key players covered for the Electric Construction Equipment Market report? Ans. ZF Friedrichshafen AG, Nissan Motor Co., Ltd., and Continental AG are some key players are driving the market.
1. Global All Wheel Drive Market: Research Methodology 2. Global All Wheel Drive Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global All Wheel Drive Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global All Wheel Drive Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global All Wheel Drive Market Segmentation 4.1 Global All Wheel Drive Market, Based on Type (2021-2029) • Automatic AWD • Manual AWD 4.2 Global All Wheel Drive Market, Based on Application (2021-2029) • Battery Electric Vehicles (BEV) • Plug-in Hybrid Electric Vehicle (PHEV) 4.3 Global All Wheel Drive Market, Based on Component (2021-2029) • Differential • Transfer case • Propeller shaft • Power Transfer Unit • Final Drive Unit 5. North America All Wheel Drive Market (2021-2029) 5.1 North America All Wheel Drive Market, by Based on Type (2021-2029) • ICE • Battery-operated • Gas-powered 5.2 North America All Wheel Drive Market, Based on Application (2021-2029) • Manufacturing • Warehousing • Freight & Logistics • Others 5.3 North America All Wheel Drive Market, Based on Component (2021-2029) • Boom Lifts • Scissor Lifts 5.4 North America All Wheel Drive Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe All Wheel Drive Market (2021-2029) 6.1. European All Wheel Drive Market, by Based on Type (2021-2029) 6.2. European All Wheel Drive Market, Based on Application (2021-2029) 6.3. European All Wheel Drive Market, Based on Component (2021-2029) 6.4. European All Wheel Drive Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific All Wheel Drive Market (2021-2029) 7.1. Asia Pacific All Wheel Drive Market, by Based on Type (2021-2029) 7.2. Asia Pacific All Wheel Drive Market, Based on Application (2021-2029) 7.3. Asia Pacific All Wheel Drive Market, Based on Component (2021-2029) 7.4. Asia Pacific All Wheel Drive Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa All Wheel Drive Market (2021-2029) 8.1 Middle East and Africa All Wheel Drive Market, by Based on Type (2021-2029) 8.2. Middle East and Africa All Wheel Drive Market, Based on Application (2021-2029) 8.3. Middle East and Africa All Wheel Drive Market, Based on Component (2021-2029) 8.4. Middle East and Africa All Wheel Drive Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9 South America All Wheel Drive Market (2021-2029) 9.1. South America All Wheel Drive Market, by Based on Type (2021-2029) 9.2. South America All Wheel Drive Market, Based on Application (2021-2029) 9.3. South America All Wheel Drive Market, Based on Component (2021-2029) 9.4 South America All Wheel Drive Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10 Company Profile: Key players 10.1 AB Volvo 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 American Axle & Manufacturing, Inc 10.3 BorgWarner Inc. 10.4 Continental AG 10.5 Dana Incorporated 10.6 GKN Plc 10.7 Honda Motor Company Ltd. 10.8 JTEKT Corporation 10.9 Magna International Inc. 10.10 Nissan Motor Co., Ltd., 10.11 Tesla, Inc. 10.12 Valeo SA 10.13 ZF Friedrichshafen AG