Automotive differential is a mechanical device which divides engine torque in two parts so as to enable output torque to spin the vehicle's wheels at different speed. It is found on modern cars and in heavy utility vehicles along with vehicles which has equipped with full-time four-wheel-drive. Differential prevents automotive vehicles from slipping while taking turn as well as it offers speed reduction at pinion ring gear. Growing automotive sales has resulted in rise in demand for differential and related components, and also introduction of new technology in automotive differential offers a lucrative opportunity for market players to capitalize.This growth is primarily driven by Growing Automobile Sales Owing to Rise in Demand for Light and Heavy Duty Vehicles and Growing Investment by Industry Players in Research and Development of Robust Automotive Differential Design.
Globally, a noticeable market trend is evident Development of Technologically Advanced Differential to Actively Control the Distribution of Driving Torque. Major Vendors, such as Delphi (Ireland), GKN (United Kingdom), ZF TRW (United States), Eaton (Ireland), DANA (United States), Gleason Corporation (United States), ArvinMeritor (United States), NTN (Japan), American Axle (United States), JTEKT (Japan), Borgwarner (United States), Linamar (Canada), Schaeffler (Germany), ZF (Germany) 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.
- Growing Automobile Sales Owing to Rise in Demand for Light and Heavy Duty Vehicles
- Growing Investment by Industry Players in Research and Development of Robust Automotive Differential Design
- Development of Technologically Advanced Differential to Actively Control the Distribution of Driving Torque
- Growing Penetration of Electrical Vehicles
- High Capital Investment and Complexity Involved in Differential Design
Increasing Demand for Luxury and Sport Utility Vehicles and Manufacturing of Electronic Limited Slip Differentials Using Proprietary Software
Fluctuating Raw Materials Prices and Intermittent Slowdown of Automotive Industry
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