The LSD market is anticipated to grow at a significant CAGR of 5.8% during the forecast period (2022-2028). LSD is a component of an automobile’s drivetrain. It is similar to an open differential. Instead of employing a motorized pinion gear, it uses an integrated clutch system. When the wheel loses traction, the clutch mechanism locks the right and left sides of the axle. This design is ideal for high-performance vehicles, such as drag racing vehicles, commercial trucks, and vehicles that haul huge loads. LSDs are meant to help the engine use its power more efficiently on the road, improving the vehicle’s performance and handling. As a result, the rising demand for efficient automotive performance and improved vehicle handling is expected to drive the LSD market in the near future. SUVs are becoming more popular in established and emerging markets, such as India, which would likely boost the market growth in the next years. Furthermore, rising consumer demand for luxury and premium vehicles as a result of rising disposable income and customer attraction to premium vehicles is expected to boost demand for LSDs globally.
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A full report of Global Limited Slip Differential (LSD) Market is available at: https://orionmarketreports.com/limited-slip-differential-lsd-market/110633/
The global LSD market is segmented based on the type and application. Based on the type, the market is sub-segmented into mechanical LSD and electronic LSD. Among these types, the electronic LSD segment is expected to propel the growth of the market due to its increasing demand and usage globally. Based on the application, the market is sub-segmented into SUV & pickup trucks and sedan & hatchbacks.
The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in November 2021, TracRite differentials from American Axle & Manufacturing were fitted as important components in the 2022 GMC HUMMER EV to give substantial power and performance. The front differential of the new super truck is an AM TracRite EL Electronic Locking Front Differential.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Drexler Automotive GmbH, TEKT Corp., Eaton, BorgWarner Inc., ZF Friedrichshafen AG, Linamar Corp., Dana Ltd., American Axle & Manufacturing Inc., GKN Automotive, CUSCO Japan Co. Ltd., and RT Quaife Engineering Ltd., among others.
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 has 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?
Global LSD Market Report by Segment
By Type
- Mechanical LSD
- Electronic LSD
By Application
- SUV & Pickup Trucks
- Sedan & Hatchback
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