SummaryGlobal All-Wheel Drive Market Report: Information by Type (Manual AWD and Automatic AWD), Propulsion (ICE vehicle and Electric), Application (On-Road and Off-Road), Vehicle Type (Passenger Vehicle and Commercial Vehicle) and Region – Forecast till 2023Market OverviewGlobal all-wheel-drive market is expected to grow at a significant rate of 7.83 percent CAGR.There are various factors contributing to the growth of this market-led by the growing interest among investors.At the same time, the product development rate has grown in a noteworthy fashion as well in the forecasted years.Adoption of AWD system in the automobile sector specifically is expected to be the most promising.Superior driving dynamics is one of the prime reasons behind the AWD market around the globe.All these aspects in combining widen the scope for the significant boost of the global AWD market.Companies CoveredThe key players operating in the global all-wheel drive Market are American Axle Manufacturing, Inc. (US), GKN PLC (UK), Magna International Inc. (Canada), ZF Friedrichshafen AG (Germany), BorgWarner Inc. (US), Continental AG (Germany), JTEKT Corporation (Japan), Dana Limited (US), Eaton (Ireland), and Oerlikon (Italy).Segment AnalysisThe global all-wheel-drive market can be segmented on the basis of type, propulsion, application, vehicle type, and region.
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.