An automotive Differential is a system of gears that allows different drive wheels, on the same axle to rotate at different speeds, such as when the car is turning. Automotive Differential helps to increase the engine power and reduce the speed. It splits the engine torque into two different units, thus enabling them to multiply engine power and spin wheels at different speeds. The differential is usually existing in the rear axle assembly of rear-wheel drives & consists of pinion bearings, spider & side gears, side bearings, and differential case and drive gears.This growth is primarily driven by Rising Demand for Commercial and Heavy-Duty Vehicles
|Value Unit||USD (Million)|
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The Automobiles sector in the region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region.
Major Vendors, such as Honda (Japan), Toyota (Japan), Volkswagen (Germany), Mercedes (Germany), BMW (Germany), Maruti Suzuki (India), Hyundai (South Korea), American Axle (United States), Borgwarner (United States) and Continental (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2020, American Axle & Manufacturing Acquired the Mpgdriven, Designer and supplier of metal-formed components and assemblies like the automotive differential.
In January 2020, GKN Automotive and Delta Electronics have announced a cooperative development of eDrive technology that will allow for the quick development of next-generation integrated 3-in-1 drive systems with power classes ranging from 80kW to 155kW.Global Automotive differential is a fragmented market due to the presence of numerous players in several countries. The players are focusing on investing more in R&D facilities. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Substantial Growth in the Automotive Industry, Rise of EV Will Also Increase the Demand for Automotive Differential and Developing Preferences for Luxury and Semi-Utility Vehicles
Market Growth Drivers:
Rising Demand for Commercial and Heavy-Duty Vehicles, The rise in Demand for Four-Wheel Drive Vehicles and Promptly Developing Demand for SUVs and Premium Cars
Heavy Maintenance Activity Necessary and Requirement of Skilful Professional
High Cost of High-End Gears System and Development of Wheel Hub Motors for Electric Vehicles
Rising production of SUVs /MUVs & Premium Cars
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automotive Differential Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automotive Differential Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automotive Differential players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Differential Study Sheds Light on
The Automotive Differential Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Differential industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Differential industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.