Valley Cottage, NY -- (SBWire) -- 02/14/2018 --Vehicle Transfer Case Market: Introduction
In multiple powered axle vehicles, either an all-wheel drive or a four wheel drive transfer case is used for power transmission from the front wheel to the rare end of the wheel. Power transmission can be driven by chains, gears or hydraulics. As the rotation speed of rear and front axles differs because of the difference in tire diameters, a vehicle transfer case is used to synchronize their speed. An axle transfer case generally operates in two modes, namely two wheel drive and four wheel drive. Heavy trucks and off-road vehicles can operate in either of the modes but some vehicles have to operate in the four wheel drive.
Increasing consumer inclination towards high output power and efficiency is driving the global vehicle transfer case market. Furthermore, increasing demand for efficient heavy vehicles that can maintain their strength in harsh conditions is expected to fuel demand for the vehicle transfer market on the global platform. A vehicle transfer case needs to be connected with the drive shaft to transfer the adequate torque from the rare wheel to the front wheel and this synchronizes the rotation of the front wheel with the rear. In a four-wheel drive and an all-wheel drive, both the engine and the axle are positioned differently. The need for efficient torque drives is estimated to propel growth of the global vehicle transfer case market over the estimated period. On the basis of the vehicle type, the vehicle transfer case market is classified as: passenger car, LCV (Light Commercial Vehicle), HCV (Heavy Commercial Vehicle), off-highway and electric vehicle.
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Vehicle Transfer Case Market: Dynamics
Increase in disposable income will boost the heavy commercial market and, in turn, drive the global vehicle transfer market. Furthermore, the growing automotive industry is estimated to drive the vehicle transfer case market. Growing consumer preference towards improved acceleration, toque transmission, transaction and towing capacity will accelerate the demand for vehicle transfer cases globally. Manufacturers are focusing on developing advanced and efficient torque transferring products to maintain their pace with competitors and meet all customer needs. A vehicle transfer case provide the vehicle with improved performance, stability and better handling capacity. These significant and efficient features of vehicle transfer cases will drive the market over the estimated period. The most significant factors propelling the growth of the global automotive vehicle transfer case market are advancement in technology and development of efficient torque transferring systems.
Vehicle Transfer Case Market: Segmentation
The automotive vehicle transfer case market can be segmented on the basis of vehicle type, shift type, drive type, type and sales channel.
The automotive vehicle transfer case market can be segmented on the basis of by vehicle type as:
Passenger Car
LCV (Light Commercial Vehicle)
HCV (Heavy Commercial Vehicle)
Off-highway Vehicle
Tractor
Constructional equipment
Electric Vehicle
BEV (Battery electric Vehicle)
PHEV (Plug in hybrid electric vehicle)
Pure Electric Vehicle
The automotive vehicle transfer case market can be segmented on the basis of shift type as:
Electric shift
Manual shift
The automotive vehicle transfer case market can be segmented on the basis of drive type as:
Gear
Chain
Hydraulic
The automotive vehicle transfer case market can be segmented on the basis of type as:
AWD (All Wheel drive)
4WD (Four Wheel drive)
The automotive vehicle transfer case market can be segmented on the basis of sales channel as:
Original Equipment Manufacturer (OEM)
Aftermarket
Vehicle Transfer Case Market: Regional Outlook
Asia-Pacific is expected to hold a significant market value share of the vehicle transfer case market over the estimated period. Developing countries, such as India and China, are the significant players enhancing the demand for automobiles, which in turn is supporting the growth of the automobile vehicle transfer case market. Europe, North America and the Middle East and Africa have steady infrastructural growth, which in turn is creating a demand for automobiles. Attributing to this, the vehicle transfer case market is estimated to grow significantly in the coming future in the above mentioned regions.
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Vehicle Transfer Case Market: Market Participants
Key players identified in the global automotive vehicle transfer case market are:
ZF Friedrichshafen
Magna International
GKN
Dorman
American Axle & Manufacturing
UNIVANCE
Powertrain Industries, Inc.
CARDONE Industries, Inc.
BorgWarner Inc.
Aisin Seiki Co., Ltd.
JTEKT Corporation
Meritor, Inc.
Schaeffler AG
Vehicle Transfer Case Market to Witness Steady Expansion During 2017 - 2027
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