Global Automotive Four-wheel Drive Vehicle Market 2018-2022
NEW YORK, Nov. 28, 2018 /PRNewswire/ -- 110 pages, November 2018
About this market
Regular advancements in automotive technology are steering in smarter and intelligent vehicles. Such advancements are also being achieved in automotive four-wheel drive systems, which significantly increases overall ride quality as well as safety. The main advantage of an automotive four-wheel drive system are better distribution of power and torque to individual wheels. Further, engine torque delivery to each wheel minimizes the impacts of external turbulence and results in superior straight-line stability. Thus, improved driving dynamics, stability, and handling in different terrains will drive the automotive four-wheel drive vehicle market growth.
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Market Overview
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.
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.
For the detailed list of factors that will drive and challenge the growth of the automotive four-wheel drive system market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including LINAMAR, and American Axle & Manufacturing the competitive environment is quite intense. Factors such as the increased penetration rate of four-wheel drive system in sedans, will provide considerable growth opportunities to automotive four-wheel drive system companies. ZF Friedrichshafen, Magna International, BorgWarner, GKN, LINAMAR, and American Axle & Manufacturing are some of the major companies covered in this report.
Read the full report: https://www.reportlinker.com/p05069679
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