Industry Background:
Vehicle differential is a mechanical device used in wheeled vehicles to transmit power from the engine to the wheel by allowing them to run at different speeds while supplying equal torque to each of them. These uses specialised gears that allows two wheels, connected to the same axle, moreover it is used when corner turn is taken differential turn the speed for outer wheel faster than the inside one. However, demand for the off-road traction, paved surfaces, less tire wear, not too expensive vehicle differential and increasing use of the luxury car and SUV's has derived the demand for the vehicle differential in the market. For instance, the use of torque vectoring vehicle differential involves an array of sensor and electronics for information gathering and much other functionality hence the demand for the technologically advanced differential is increasing.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Omni Gear & Machine Corporation (United States), Commercial Gear & Sprocket Company, Inc. (United States), Gear Motions, Inc. (United States), ZF Friedrichshafen AG (Germany), Schaeffler Group (Germany), GKN PLC (United Kingdom), JTEKT Corporation (Japan), DANA Limited (United States), Drexler Automotive GmbH (Germany) and Neapco Inc. (United States) |
According to AMA, the market for Vehicle Differential is expected to register a CAGR of 4.1% during the forecast period to 2028. This growth is primarily driven by The rise in Demand for Commercial & Passenger Vehicles Anticipated To Propel Growth of Vehicle Differential, Increasing Adoption of Luxury Vehicle among the Populace and Growth in Automobile Production.
Globally, a noticeable market trend is evident Acceptance of Electronically Controlled Limited-Slip Differential System in Vehicle and Increased Focus of Automotive Manufacturers Major Vendors, such as Omni Gear & Machine Corporation (United States), Commercial Gear & Sprocket Company, Inc. (United States), Gear Motions, Inc. (United States), ZF Friedrichshafen AG (Germany), Schaeffler Group (Germany), GKN PLC (United Kingdom), JTEKT Corporation (Japan), DANA Limited (United States), Drexler Automotive GmbH (Germany) and Neapco Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The "Global Automotive Differential Market" study report offers insightful analysis with a focus on the international industry. The market analysis includes a section specifically devoted to these main players where experts give an overview of each of their financial statements along with a SWOT analysis and a comparison of products. The competitive landscape section also contains global market share, ranking, and critical development strategy analysis for the aforementioned competitors.
Key Developments in the Market:
Gear Motions' Dean Burrows announced that Auto Gear is join the company's activities. Auto Gear Inc. has become a member of the Gear Motion family, as Gear Motions is happy to announce
Recently, torque vectoring differentials are designed to actively distribute torque between the wheels on the same axle
Influencing Trend:
Acceptance of Electronically Controlled Limited-Slip Differential System in Vehicle and Increased Focus of Automotive Manufacturers
Market Growth Drivers:
The rise in Demand for Commercial & Passenger Vehicles Anticipated To Propel Growth of Vehicle Differential, Increasing Adoption of Luxury Vehicle among the Populace and Growth in Automobile Production
Challenges:
Management of Traction Is Hard When Rough Terrain (Rocks, Mud, Sand)
Restraints:
Attentive Repair and Maintenance Required To Avoid Serious Consequences
Opportunities:
Growing Adoption of Heavy Commercial Vehicles & Light Commercial Vehicle in Developing Economies and The Use of Vehicle Differential with Torque Vectoring Represents the Latest Advancement in Differential Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions 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.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Vehicle Differential Market
- Analysis about New Entrants in Vehicle Differential Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Vehicle Differential Study Sheds Light on
The Vehicle Differential Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Vehicle Differential industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vehicle Differential industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.