Market Overview:
Transfer Case is a part of the drive train that is used in four-wheel drive and all-wheel drive vehicles and responsible for transmitting the power to all four wheels. In the absence of a transfer case, the off road working will be difficult as it provides torque. With the growing automotive manufacturing industry demand for the transfer case market is growing. However, there are some regulatory frameworks regarding the automotive and technology industry which can affect the global transfer case market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BorgWarner Inc. (United States), American Axle & Manufacturing (United States), Schaeffler Group (Germany), Aisin Seiki (Japan), GKN (Germany), Univance Inc (United States), Hyundai Wia Corporation, Linamar Corporation, Magna International Inc., Marmon Holdings, Inc.,, Melrose Industries Plc., Meritor Inc., Univance Corporation and ZF Friedrichshafen AG |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Transfer Case Market Study:
BorgWarner Inc. (United States), American Axle & Manufacturing (United States), Schaeffler Group (Germany), Aisin Seiki (Japan), GKN (Germany), Univance Inc (United States), Hyundai Wia Corporation, Linamar Corporation, Magna International Inc., Marmon Holdings, Inc.,, Melrose Industries Plc., Meritor Inc., Univance Corporation and ZF Friedrichshafen AG
Transfer Case Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Truck, Fire Rescue, Construction Utility, Defense, Trailor and Other |
Type | Part-time 4WD, Full Time 4WD and Active 4WD |
Vehicle | Heavy Commercial Vehicles,Passenger Cars ,Light Commercial Vehicles ,Off-road Vehicles,Buses & Trucks |
Shift | Manual Shift On the Fly (M.S.O.F),Electronic Shift On the Fly (E.S.O.F) |
Drive | Gear Driven,Chain Driven |
Influencing Trend:
Rising Consumption of Gear Based Transfer Case in the Automotive Industry
Market Growth Drivers:
Growing Vehicle Manufacturing Industries across the Country and Increasing Fuel Efficiency and Reliability in Automotive Industry
Challenges:
Strict Regulatory Norms regarding Automotive and Manufacturing Industry and High Maintenance Cost Associated with Transfer Case
Restraints:
Extreme Weather Conditions and Risk of Safety might Hinder the Growth and The complexity with Weight, Power, and Installation related issues
Opportunities:
Increasing Adoption of Transfer Case in Passenger Vehicle and Improving performance and Safety related concerns Associated with Transfer Case will Boost the Market
. The Global Transfer Case market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
Recently Transfer case manufacturers are investing heavily in R&D to develop new technologies that can improve the performance and durability of transfer cases.
Delphi Technologies' acquisition by BorgWarner Inc. was publicised. BorgWarner and Delphi Technologies' merger is anticipated to strengthen BorgWarner's electronics and power electronics products, capabilities, and scale, creating a market leader in electrified propulsion systems that is, in BorgWarner's opinion, well-positioned to benefit from future propulsion migration.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Transfer Case market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Transfer Case market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Transfer Case Manufacturing, Transfer Case Distributors and Suppliers, Transfer Case International Traders, Research and Development Institutes, Financial Institution and Venture Capital, Regulatory Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.