Automotive Differential Market Witness Highest Growth At a CAGR of 4.7% by 2030 | DANA INCORPORATED, BORGWARNER INC.

The report provides a detailed analysis of changing market dynamics, top investment pockets, regional landscape, key segments, value chain, competitive scenario

WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, August 27, 2024 /EINPresswire.com/ -- Rise in penetration of AWD and 4WD vehicles, demand for commercial vehicles, and surge in demand for lightweight and high-performance automotive components drive the growth of the global 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭𝐢𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭. However, increase in production of vehicles with in-wheel electric motors and decline in production and sales of automotive hinder the market growth. On the other hand, development of electronically limited-slip differentials and rise in demand from developing countries present new opportunities in the coming years. The global automotive differential market was valued at $20,530.1 million in 2020, and is projected to reach $32,293.6 million by 2030, registering a CAGR of 4.7%. Asia-Pacific was the highest revenue contributor, accounting for $8,583.6 million in 2020, and is estimated to reach $14,435.2 million by 2030, with a CAGR of 5.4%.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/6123

The automotive differential is a part of the front and/or rear axle assembly that has an important function in a vehicle by allowing the movement of wheels at various speeds. It is a component of an automotive driveline, that distributes torque and power to the wheels in executing driving operations. The primary function of this system is to deliver proportional RPMs between two connected wheels. Moreover, the sale of differential assemblies is strongly influenced by automotive production activities across the globe. These procurements are completed through contracts and agreements between original equipment manufacturers and differential assemblies’ manufacturers.

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

𝐙𝐅 𝐅𝐑𝐈𝐄𝐃𝐑𝐈𝐂𝐇𝐒𝐇𝐀𝐅𝐄𝐍 𝐀𝐆, 𝐀𝐌𝐄𝐑𝐈𝐂𝐀𝐍 𝐀𝐗𝐋𝐄 & 𝐌𝐀𝐍𝐔𝐅𝐀𝐂𝐓𝐔𝐑𝐈𝐍𝐆, 𝐈𝐍𝐂., 𝐉𝐓𝐄𝐊𝐓 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍, 𝐁𝐎𝐑𝐆𝐖𝐀𝐑𝐍𝐄𝐑 𝐈𝐍𝐂., 𝐒𝐂𝐇𝐀𝐄𝐅𝐅𝐋𝐄𝐑 𝐆𝐑𝐎𝐔𝐏, 𝐄𝐀𝐓𝐎𝐍, 𝐃𝐀𝐍𝐀 𝐈𝐍𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄𝐃, 𝐌𝐄𝐋𝐑𝐎𝐒𝐄 𝐈𝐍𝐃𝐔𝐒𝐓𝐑𝐈𝐄𝐒 𝐏𝐋𝐂, 𝐋𝐈𝐍𝐀𝐌𝐀𝐑 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍, 𝐇𝐘𝐔𝐍𝐃𝐀𝐈 𝐖𝐈𝐀 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍

The report offers detailed segmentation of the global automotive differential market based on drive type, vehicle type, type, and region.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/330c2386f7b2813d54083711cd64a87d

The factors, such as increase in penetration of AWD and 4WD vehicles, and rise in demand for commercial vehicles, and lightweight & high-performance automotive components drive the growth of the global automotive differential market. However, increase in production of vehicles with in-wheel electric motors as well as decrease in production and sales of automotive are expected to restrain market growth t during the forecast period. Moreover, development of electronically limited- slip differentials, increase in demand from developing countries, and contract/agreement winning are the key strategies adopted by the key players to gain a competitive advantage while production of electronically limited-slip differentials is expected to supplement the global automotive differential market growth. These factors, however are expected to provide a better opportunity for the market growth t soon.

Based on region, Asia-Pacific accounted for the largest share in 2020, holding more than two-fifths of the total share, and is projected to maintain its dominant share by 2030. Moreover, this region is projected to portray the fastest CAGR of 5.4% during the forecast period.

Based on vehicle type, the IC engine passenger car segment contributed to the highest share in 2020, accounting for more than two-thirds of the global automotive differential market size, and is expected to maintain its lead in terms of revenue during the forecast period. However, the electric vehicle segment is estimated to manifest the largest CAGR of 9.5% from 2021 to 2030.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/6123

Based on drive type, the front-wheel drive segment accounted for the highest market share in 2020, contributing to nearly half of the total share, and is projected to maintain its lead status during the forecast period. However, the all-wheel-drive segment is expected to witness the highest CAGR of 5.3% from 2021 to 2030.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/6123

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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Allied Market Research
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