Automotive Differential Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026
Sarasota, FL -- (SBWIRE) -- 02/06/2019 -- Global Automotive Differential Market: Overview
A differential is a gear train with three shafts with a distinguished feature that the rotational speed of a shaft is the average of the speeds of the others. In automotive, the differential allows the outer drive wheel to rotate faster than the inner drive wheel during a turn. This is necessary when the vehicle turns, making the wheel that is traveling around the outside of the turning curve roll farther and faster than the other. The average of the rotational speed of the two driving wheels equals the input rotational speed of the drive shaft. An increase in the speed of one wheel is balanced by a decrease in the speed of the other. The feature is likely to steer automotive differential market size in the years ahead.
Request Free Sample Report @ http://bit.ly/2MWodWh
Global Automotive Differential Market: Growth Factors
Massive vehicle production and lucrative demand for all-wheel drive automotive will leverage the growth of the automotive differential market in the years ahead. Rise in the per capita income in many countries resulting in the sale of passenger vehicles along with the rise in the global standards of living will drive the automotive differential market size. Furthermore, the need for better traction on roads and fuel efficiency are key drivers for the growth of the automotive differential market.
Robust demand for crossovers and SUVs across the U.S. and Europe owing to comfortable rides and extra boot space is the key factor for the growth of global automotive differential market. Furthermore, the decline in auto loan interest rates leading to increasing car sales across the U.S. is another driving factor for global automotive differential market over the forecast period. Moreover, simple design, quiet and smooth operation and no requirement of friction modifiers by limited slip differentials are expected to drive the market of automotive differential over the next decade.
The increasing demand for electric vehicles acts as the major restraint for the automotive differential market. These vehicles using a pure electric powertrain system eliminates the requirement of differentials, and therefore restraining the market growth. In addition to this, limited sensitivity of electronic control unit (ECU) differentials through delay in response time actuators and time caused by sensors are the factors hindering the growth of global automotive differential market over the forecast timespan. Nevertheless, acceptance of electronically driven limited-slip differential system in mid-segment cars resulting in low maintenance costs will nullify the adverse impact of the hindrances on the market growth.
Download Free PDF Report Brochure @ http://bit.ly/2MN3YKv
Global Automotive Differential Market: Segmentation
The global automotive differential market can be classified based on differential type, drive type, vehicle type, and components. Based on the differential type, the market is segmented into the open differential, Locking Differential, Limited-Slip Differential, Electronically Controlled Limited-Slip Differential, and Torque Vectoring Differential. On the basis of vehicle type, the automotive differential market can be segmented as passenger cars, light commercial vehicles, and heavy commercial vehicles. Based on the drive type, the market is sectored into Front-wheel drive (FWD), Rear-wheel drive (RWD, and All wheel drive/Four-wheel drive (4WD). On the basis of the component, the automotive differential market can be divided into Differential Bearing, Differential Gear, and Differential Case.
Global Automotive Differential Market: Regional Analysis
Based on regions, the global automotive differential market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific and Latin America markets have shown tremendous growth in automobile sector over the past few years because of emerging economic conditions, increasing population, increasing per capita income, easy availability of finance, decreasing car loan interest rates, and a large degree of urbanization.
Asia Pacific automotive differential market is expected to be the dominant market in terms of revenue and volume as the demand for four-wheel drive is expected to gain popularity over the next decade in countries such as India, China, and South Korea. Europe is likely to the second largest market in terms of growth and it will be followed by North America. European automotive differential market is expected to gain traction in the years ahead, owing to surging demand for passenger cars. Latin American automotive differential market is expected to show slow growth the two-wheel drive is popular. However, its use is anticipated to decline over the next decade. The Middle East and Africa automotive differential market are expected to show steady growth, subject to the large-scale adoption of advanced technology related to four-wheel drive in countries such as UAE, Qatar, and Saudi Arabia.
To view TOC of this report is available upon request @ http://bit.ly/2MOl0I8
Global Automotive Differential Market: Competitive Players
The key players in the global automotive differential market include ZF Friedrichshafen AG, Eaton, BorgWarner, Schaeffler, GKN PLC, JTEKT Corporation, DANA Limited, and Drexler Automotive GmbH, and Neapco Inc.
Global Automotive Differential Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
Inquire more about this report @ http://bit.ly/2MOKTrc
What Reports Provides
Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.