loader
report-image

Automotive Differential Market Size, Industry Analysis Report By Product Type (Electronic Limited-Slip Differential (ELSD), Locking Differential, Limited-Slip Differential (LSD), Open Differential, Torque Vectoring Differential), By Drive Type (Front Wheel Drive (FWD), Rear Wheel Drive (RWD), All Wheel Drive/ Four Wheel Drive (AWD/4WD)), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Off-highway Vehicle), By Component Type (Differential Bearing, Differential Gear, Differential Case), By Vehicle Propulsion Type (I.C. Engine Vehicle, Electric Vehicle, Hybrid Electric Vehicle) & Region – Forecasts

  • PUBLISHED ON
  • 06/12/2022
  • NO OF PAGES
  • 285
  • CATEGORY
  • Automotive & Transportation

Global Automotive Differential Market – Overview

Global automotive differential market was valued at USD 200,150 million in 2022 and is estimated to reach a value of USD 220,250 million by 2033 with a CAGR of 4.7% during the forecast period. The differential is a system of gears that transmits power from the engine to the axle that moves the wheels and allow the wheels to move at different speeds from each other. When the fluid is compromised or deteriorated, increased heat and friction can cause the gears to not function smoothly.

Report Scope

Report Attributes

Description

Market Size in 2022

USD 200,150 Million

Market Forecast in 2033

USD 220,250 Million

CAGR % 2023-2033

4.7%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Product type, drive type, vehicle type, propulsion type and component type

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

American Axle & Manufacturing Inc., Borgwarner Inc., Continental AG, Dana Limited, Eaton Corporation Inc., GKN Plc (Melrose Industries), JTEKT Corporation (Toyota Motor Corporation), Linamar Corporation, PowerTrax, Schaeffler Group and ZF Friedrichshafen AG


Global Automotive Differential Market – Growth Factors

The growing number of automobiles around the globe is the major factor that is boosting the growth of the market during the forecast period. Owing to the hectic schedule of the members of the family there exist more than one automobile in the houses of a majority of the families around the globe. The rising disposable income of the people is the major factor for the growth of the automobile sector and this factor is boosting the growth of the market during the forecast period. Apart from this, the growing population around the globe is also a factor for the growth of the market during the forecast period. However, the rising prices of the vehicles around the globe is estimated to hamper the growth of the market during the forecast period.

Global Automotive Differential Market – Market Trends

• The growing number of automobiles around the globe is the major factor that is boosting the growth of the market during the forecast period.

• The rising disposable income of the people is the major factor for the growth of the automobile sector and this factor is boosting the growth of the market during the forecast period.

• However, the rising prices of the vehicles around the globe is estimated to hamper the growth of the market during the forecast period.


Global Automotive Differential Market – Segmentation

The global automotive differential market is segmented based on product type, drive type, vehicle, component and vehicle propulsion type. The demand for automotive differentials in light commercial vehicles (LCVs) is significant and growing. LCVs include a wide range of vehicles, such as pickups, vans, and small trucks, which are commonly used for commercial purposes such as transportation of goods and services.

LCVs typically have higher load-carrying capacity and require more powerful and durable drivetrains than passenger vehicles, making the use of differentials critical for their efficient operation. Differentials allow the wheels to rotate at different speeds while still transferring power from the engine, which is necessary for maneuvering through tight spaces and handling heavy loads.

As the demand for LCVs continues to grow, especially in emerging economies, the demand for automotive differentials in these vehicles is also expected to increase. In addition, the increasing demand for electric and hybrid LCVs is also expected to drive the market, as these vehicles often require unique differential designs and technologies.

Moreover, the rising demand for advanced safety features in LCVs, such as electronic stability control and anti-lock braking systems, is also expected to drive the market for automotive differentials. These safety features rely on differentials to ensure proper vehicle operation and stability during braking and cornering.

Overall, the demand for automotive differentials in LCVs is expected to continue to grow in the coming years, driven by the increasing demand for these vehicles, the ongoing development of new and more advanced differential technologies, and the need for enhanced safety features in the vehicles.

Global Automotive Differential Market – Regional Analysis

It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.

Global Automotive Differential Market – Key Market players

American Axle & Manufacturing Inc., Borgwarner Inc., Continental AG, Dana Limited, Eaton Corporation Inc., GKN Plc (Melrose Industries), JTEKT Corporation (Toyota Motor Corporation), Linamar Corporation, PowerTrax, Schaeffler Group and ZF Friedrichshafen AG are the major players that are driving the growth of the market during the forecast period.

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

·         Business Model

·         Production Capacity, Revenue, Sales, Gross Margin

·         Key Business Strategy

·         SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

·         Company Share Analysis from 2018-2022

·         Company Analysis by Revenue and Sales

·         Company Production Capacity, Gross Margin

·         Company Share Analysis by Application/End Use

·         Company Share Analysis by Product/Specification


Based on product type, the market is segmented into,

• Electronic Limited-Slip Differential (ELSD)

• Locking Differential

• Limited-Slip Differential (LSD)

• Open Differential

• Torque Vectoring Differential


Based on drive type, the market is segmented into,

• Front Wheel Drive (FWD)

• Rear Wheel Drive (RWD)

• All Wheel Drive/ Four Wheel Drive (AWD/4WD)


Based on vehicle type, the market is segmented into,

• Passenger Car

• Light Commercial Vehicle

• Heavy Commercial Vehicle

• Off-highway Vehicle


Based on component type, the market is segmented into,

• Differential Bearing

• Differential Gear

• Differential Case


Based on vehicle propulsion type, the market is segmented into,

• I.C. Engine Vehicle

• Electric Vehicle

• Hybrid Electric Vehicle


Regions

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         Germany

·         U.K.

·         France

·         Italy

·         Spain

·         Russia

·         Rest of Europe

Asia Pacific

·         China

·         Japan

·         India

·         Australia

·         Korea

·         Rest of Asia pacific

South America

·         Brazil

·         Argentina

·         Colombia

·         Rest of South America

Middle East & Africa

·         UAE

·         Saudi Arabia

·         Egypt

·         Oman

·         Kuwait

·         South Africa

·         Rest of MEA


Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

CHOOSE LICENSE TYPE
QLOUD
Pricing

Select a license type that suits your business needs

Single User Access

US $4750

Only Four Thousand Seven Hundred Fifty US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $5750

Only Five Thousand Seven Hundred Fifty US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $7750

Only Seven Thousand Seven Hundred Fifty US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI