The global automotive differential market is expected to grow at a CAGR of 4.5% during the forecast period (2022-2028). A differential in an automobile is a critical component of the drivetrain that allows different drive wheels to perform effective turning and driving operations. A vehicle differential is a device that divides an engine’s torque into two outputs, allowing each output to spin the vehicle wheel at a different speed. Every modern passenger vehicle, commercial vehicle, and the electric vehicle has a differential. A differential is required between each pair of drive wheels in all drive vehicles, including one between the front and rear wheels. As there is no differential between the front and rear wheels on a part-time four-wheel-drive vehicle, the front, and rear wheels rotate at the same speed as they are locked together. The demand for automotive differential is determined by the activities of the automotive manufacturing industry.
A differential in an automobile is a critical component of the drivetrain that allows different drive wheels to perform effective turning and driving operations. The global automotive differential market is expected to be driven by factors such as increased penetration of all wheel drive and four-wheel drive vehicles, increased demand for commercial vehicles, and increased demand for lightweight and high-performance automotive components. Furthermore, the development of electronically limited-slip differentials, an increase in demand from developing countries, and contract/agreement winning are key strategies for gaining a competitive advantage, with the production of electronically limited-slip differentials expected to supplement the `global automotive differential market growth. As a result, these factors are expected to improve the market growth prospects in the near future.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Drive Type
- By Vehicle Type
- By Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- American Axle & Manufacturing, Inc. (AAM), BorgWarner Inc., and Dana Inc., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Automobile Differential Market Report by Segment
By Drive Type
- Front Wheel Drive (FWD)
- Rear Wheel Drive (RWD)
- All-Wheel Drive (AWD))
By Vehicle Type
- IC Engine Passenger Car
- IC Engine Commercial Vehicle
- Electric vehicle
By Type
- Open
- Locking
- Limited Slip Differential
- Electronic Limited-Slip Differential
- Torque Vectoring
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