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Automotive Differential Market By Type (Open Differential, Locking Differential, Limited-slip Differential, Torque-vectoring Differential); By Vehicle (Passenger Cars, Low Commercial Vehicles, High Commercial Vehicles); By Drive Type (Front-Wheel Drive (FWD), Rear-Wheel Drive(RWD), Four-Wheel Drive (4WD)) - Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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Automotive Differential Market Overview

Automotive differentials are designed to drive a pair of wheels and to allow them to rotate at different speeds. Further, differential offers vehicle a better traction on road by allowing he wheels to rotate at different speeds. 

Market Size and Forecast

Global automotive differentials market is anticipated to grow at considerable compound annual growth rate during the forecast period. Furthermore, the market of automotive differential is thriving on the back of growing automotive industry across the globe. Increasing number of vehicles on road is likely to augment the growth of global automotive differential market over the forecast period.

Automotive differential market

In terms of regional platform, the market is divided into North America, Asia Pacific, Europe, Latin America and Middle East & Africa regions. Further, Asia Pacific automotive differential market is likely to dominate the global automotive differential market by the end of forecast period. Increasing sales of passenger cars in Asian countries such as India and China is expected to bolster the growth of automotive differentials market in Asia Pacific region in upcoming years.

Apart from Asia Pacific, Europe automotive differential market is expected to grow at significant pace over the forecast period. Growing sales of electric vehicles in this region is augmenting the growth of automotive differentials market in Europe.

Further, the automotive differentials market is segmented into type which includes open differential, locking differential, limited-slip differential, and torque-vectoring differential. The open differential segment by type is projected to grow at substantial pace over the forecast period. Open differential are generally found in sedan and other economy vehicles. Additionally, rising sales new passenger cars across all regions is accepted to bolster the growth of this segment during the predicted period.CLICK TO DOWNLOAD FREE SAMPLE

Market Segmentation

Our in-depth analysis has segmented global automotive differential market into the following segments:

By Type

  • Open Differential
  • Locking Differential
  • Limited-slip Differential
  • Electric Limited-slip Differential
  • Torque-vectoring Differential

By Vehicle

  • Passenger Cars
  • Low Commercial Vehicles
  • High Commercial Vehicles

By Drive Type

  • Front-Wheel Drive (FWD)
  • Rear-Wheel Drive(RWD)
  • Four-Wheel Drive (4WD)

By Region

Global automotive differential market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

global automotive differential market

Growth Drivers & Challenges

The increasing sales of vehicles are the major factor which is responsible for the growth of automotive differential market. In addition to this, the global automotive industry is driven by a number of factors such as rinsing consumer’s affordability, growing income of consumers and availability of easy financing options to buy a vehicle. Further, this growth in automotive industry is fuelling the growth of automotive differential market.

Additionally, changing lifestyle of consumers and rising preference for cars over motor bikes is a key factor which has led leading automakers to expand their production range to meet the increasing demand for vehicles across all regions. For instance, total global production of cars in 2016 reached 72,105,435 as compared to 68,539,516 in 2015. Automakers such as Jaguar Land Rovers and BMW are executing aggressive expansion plan to boost the production and sales of the company across the globe. This factor is projected to bolster the growth of automotive differential market in future.

Growing popularity of Elsd (Electric Limited slip differentials) due to its features such as better torque distribution and better handling during string curves is likely to drive the growth of automotive differential market over the forecast period. Manufacturers are advancing their automotive parts to improve the performance of the vehicles. For instance, Mitsubishi's active center differential lets drivers to choose specific presets according driving situations such as while driving on the road, gravel or snow.

However, factors which are limiting the sales of new vehicle such as presence of on-demand taxi operators and growing preference for public transport among a part of population are projected to adversely affect the growth of global automotive differential market over the forecast period.

Key Players

  • GKN plc
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Eaton
  • Auburn Gear LLC
  • American Axle & Manufacturing, Inc.
  • Powertrax
  • JTEKT Corporation
  • Neapco
  • Dana Limited
  • ZF Friedrichshafen AG
  • BorgWarner Inc.
  • Other Notable Players

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global automotive differential market is segmented as follows:

  • By Type Market Size & Y-O-Y Growth Analysis
  • By Vehicle Market Size & Y-O-Y Growth Analysis
  • By Drive Type Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 


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