Global All Wheel Drive Market
Dublin, Aug. 11, 2022 (GLOBE NEWSWIRE) -- The "All Wheel Drive Market by System (Automatic, Manual), Vehicle Type (Passenger & Commercial Vehicle), EV Type (BEV, PHEV), Component (Power Transfer Unit, Differential, Propeller Shaft, Transfer Case, Final Drive Unit) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global all wheel drive market size is projected to reach USD 53.8 billion by 2027, from an estimated value of USD 35.9 billion in 2022, at a CAGR of 8.4%. The growth is influenced by factors such as industrialization and growth per capita income in developing countries.
Passenger Car segment is projected to be the largest market by 2027, owing to high demand and growing car ownership than commercial vehicles, which presents considerable growth opportunities for all wheel drive manufacturers
The passenger cars such as high-end (premium) passenger cars and SUVs have seen rise in their share to total vehicle sales. The concerns about vehicle stability and safety have led to buyer based demand. Among the various types of passenger cars, small trucks are more popular in North America, which has highest penetration of AWD systems as compared to other regions. Since the Asia Pacific has a significant car-ownership growth rate, the demand for the all wheel drive passenger car is expected to grow during the forecast period.
Automatic AWD segment is expected to be the fastest-growing segment throughout the forecast period owing to sophisticated handling and better drive experience, by system
Advantages such as better traction, stability, torque, steering, and even distribution of weight are projected to make the Automatic AWD segment the fastest-growing segment. Developed countries are expected to increase their adoption of Automatic AWD in passenger cars faster as compared to emerging countries because of the regulations and the higher costs associated with adopting Automatic AWD. Also, Automatic AWD systems are best suited for high-end sports cars and the US as well as Europe is the largest market for premium vehicles, hence, the demand for Automatic AWD systems in the region is projected to grow during the forecast period.
BEV segment to hold the largest market share during the forecast period due to growing concern of vehicle safety of EVs
Passenger safety regulations, the need for higher performance and ease of installation of AWD systems on BEVs are driving demand for AWD systems in BEVs. Moreover, BEVs are already equipped with complex electrical systems which reduce costs incurred on sensors and computers. The use of regenerative braking through all wheel drive systems can also improve the range of the EV. Developments in AWD technologies are further expected to drive the market.
Asia Pacific market is expected to hold the largest market share by 2027
The automobile industry in the Asia-Pacific has witnessed significant year-on-year growth. As the region is the leading automobile producer in the world and with its strong domestic demand it is expected to lead the all wheel drive market. The region has the largest road network and has been experiencing rapid urbanization. Further, the national government have also announced initiatives toward the development of fuel-efficient transportation. Additionally, Asian countries are at the forefront of the adoption of fuel efficienct vehicles, which is expected to make the region a leading market for all wheel drive market.
Rising Demand for SUVs and Need for Improved Vehicle Safety, Stability, & Enhanced Driving Dynamics Expected to Drive Market
Commercial Vehicle Segment Projected to Witness Fastest Growth During Forecast Period (USD Million)
Automatic Segment Projected to Lead Market from 2022 to 2027 (USD Million)
Differential Segment to Lead During Forecast Period (USD Million)
Asia-Pacific Projected to Lead Market During Forecast Period (USD Million)
Increasing Global Demand for SUVs
Unfavorable Terrain for Safe Driving
Increasing Demand for Improved Vehicle Safety, Stability, and Enhanced Driving Dynamics
High Cost of AWD System
Lack of Awareness About AWD Among Consumers in Emerging Economies
6 All Wheel Drive System Market, by System Type
7 All Wheel Drive Market, by Vehicle Type
8 Electric Vehicle All Wheel Drive Market, by Type
9 All Wheel Drive Market, by Component
10 All Wheel Drive Market, by Differential Type
11 All Wheel Drive Torque Vectoring System Market, by Type
12 All Wheel Drive Market, by Region
American Axle & Manufacturing Inc.
For more information about this report visit https://www.researchandmarkets.com/r/x7d5yi
Global All Wheel Drive Market
A squeeze in Russian gas supplies would threaten the credit ratings of Slovakia, the Czech Republic and Italy, Moody's said in a report on Thursday, while most of Europe would feel the economic effects of a likely spike in natural gas prices. Russian gas supplies to Europe at the beginning of August were about a third of their level before Russia's invasion of Ukraine, a shortfall only partially offset by higher imports of liquefied natural gas (LNG), the global ratings agency wrote. If Moscow were to halt all gas supplies, Slovakia and the Czech Republic could see their respective sovereign ratings of A2 and Aa3 jeopardised, Moody's said in its report.
As thousands plan to cancel direct debits in protest at soaring energy prices, charities warn about dangerous levels of debt
The Public and Commercial Services Union has said the Scottish Government’s pay offer is a ‘real terms pay cut’.
Sustained Release Coatings Market Research Report by Polymer Material Type (Ethyl & Methyl Cellulose, Methacrylic Acid, and Polyethylene Glycol), Substrate, Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19New York, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Sustained Release Coatings Market Research Report by Polymer Material Type, Substrate, Application, Region -
Letters: Prof Mike Stein and Peter Riddle on Labour’s policy void as Britain grapples with rising costs and inflation. Plus a stark warning by Dr Thomas Richardson on the heavy price people will pay in terms of mental health problems
Guardian Australia picture editor Carly Earl explains the dos and don’ts of photographing the celestial spectacle, the last supermoon of of 2022
Writing in The Times, he said every household would get savings of around 200 pounds ($244) on their energy bills with a reduction in value-added tax (VAT). The UK is bracing for already high energy bills to more than triple this year, with charities warning that millions of people could be forced into poverty if the government does not launch a multi-billion pound support package to soften the blow. Sunak, an underdog in the leadership race behind front-runner Liz Truss, said his plan would cover "support for the most vulnerable, support for pensioners and some support for everyone."
As exciting as sudden wealth sounds, it can come with a lot of stress and pressure too. By Vicky Shaw.
Andrew Bailey has warned Liz Truss not to challenge the Bank of England's rule making powers and change its mandate, as tensions between Threadneedle Street and ministers continue to escalate.
The housebuilding giant has previously said constraints hitting the industry have slowed down building across the first half of the year.
An instant investment profit of close to 250pc sounds fantastical — impossible, even. But in the sleek world of luxury watches, those who manage to get their hands on brand new rare timepieces can sell them on for a fortune.
Global Carbon Fiber Bike Market Global Carbon Fiber Bike Market Dublin, Aug. 12, 2022 (GLOBE NEWSWIRE) -- The "Carbon Fiber Bike Market Research Report by Type (Mountain Bikes and Road Bikes), Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering. The Global Carbon Fiber Bike Market size was estimated at USD 2,803.27 million in 2021, USD 3,017.47 million
When we established our Wealth Preserver portfolio – which was before inflation took off – we said we would be less interested in trying to predict inflation’s course and more concerned with our efforts to forestall it. Nonetheless readers may be interested in our latest take on what the future holds – especially as the niceties of where inflation goes from here in different parts of the world have a direct effect on the portfolio’s fortunes.
Sanctions imposed on Russian oil have only had a “limited impact” on production despite a concerted Western effort to isolate Vladimir Putin’s regime, experts have warned.
More than 97pc of homeowners are at risk of their properties being sold fraudulently without their knowledge.
Ethiopia kickstarted electricity production from the second turbine at its controversial mega-dam on the Blue Nile on Thursday, despite continuing objections by Egypt and Sudan over the project.
China's top internet watchdog said on Friday tech giants such as Tencent Holdings and Alibaba Group have submitted details of algorithms used in some of their products, complying with a drive by authorities to tighten oversight of platform algorithms. The rules are part of a broad regulatory crackdown by Beijing against its once free-wheeling technology sector. State media had accused internet platforms of using algorithms to invade user privacy and influencing their choices.
Vital statistics on power-generation firms suspected of having cashed in on high energy prices
Owner of Paddy Power, Betfair and FanDuel posted a 20% fall in first-half earnings.
Global Hearth Market Global Hearth Market Dublin, Aug. 12, 2022 (GLOBE NEWSWIRE) -- The "Global Hearth Market by Fuel Type (Wood, Electricity, Gas, Pellet), Product (Fireplaces, Inserts, Stoves), Placement, Design, Application, Fireplace Type, Vent Availability, Ignition Type, Material and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The global hearth market was valued at USD 9.3 billion in 2021 and is projected to reach USD 14.8 billion by 2027, registe