The global all-wheel-drive market for value is estimated to register a 7.83% CAGR during the forecast period of 2018–2023.
During that time, its valuation can grow from USD 23,429.8 million in 2017 to USD 36,572.3 million by 2023.
In full time all-wheel drive system, all axles are permanently connected with or without differential and part-time all-wheel drive one axle is connected to the drive and other axle is connected as needed.
All-wheel drive systems are more often used in SUVs, CUVs, luxury sedans, electric vehicles, and high-end sports vehicles to meet the demand for stability, control, safety and enhance the driving experience.Get Free Sample @ https://www.marketresearchfuture.com/reports/all-wheel-drive-market-7647Market Research AnalysisNorth America held the largest market share in the global all-wheel drive market.Region-wise, North America held the largest market share of the global all-wheel drive market in 2017.
It is estimated that Asia-Pacific would be the fastest growing market during the forecast period, mainly due to the increased consumption and production of vehicles, both passenger and commercial.
Europe is expected to be the second largest market during the forecast period owing to the EU revealed regulatory laws for vehicle emissions, which increased the demand for all-wheel drive systems in vehicles, due to their low emission capabilities.Scope of the ReportThis report provides an in-depth analysis of the global all-wheel drive market, tracking four market segments across four geographic regions.