Industry Background:
Automotive differential is a mechanical device which divides engine torque in two parts so as to enable output torque to spin the vehicle's wheels at different speed. It is found on modern cars and in heavy utility vehicles along with vehicles which has equipped with full-time four-wheel-drive. Differential prevents automotive vehicles from slipping while taking turn as well as it offers speed reduction at pinion ring gear. Growing automotive sales has resulted in rise in demand for differential and related components, and also introduction of new technology in automotive differential offers a lucrative opportunity for market players to capitalize.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Delphi (Ireland), GKN (United Kingdom), ZF TRW (United States), Eaton (Ireland), DANA (United States), Gleason Corporation (United States), ArvinMeritor (United States), NTN (Japan), American Axle (United States), JTEKT (Japan), Borgwarner (United States), Linamar (Canada), Schaeffler (Germany), ZF (Germany) and Continental (Germany) |
This growth is primarily driven by Growing Automobile Sales Owing to Rise in Demand for Light and Heavy Duty Vehicles and Growing Investment by Industry Players in Research and Development of Robust Automotive Differential Design.
Globally, a noticeable market trend is evident Development of Technologically Advanced Differential to Actively Control the Distribution of Driving Torque Major Vendors, such as Delphi (Ireland), GKN (United Kingdom), ZF TRW (United States), Eaton (Ireland), DANA (United States), Gleason Corporation (United States), ArvinMeritor (United States), NTN (Japan), American Axle (United States), JTEKT (Japan), Borgwarner (United States), Linamar (Canada), Schaeffler (Germany), ZF (Germany) and Continental (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, and new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Key Developments in the Market:
On June 1 2021, Eaton announced acquisition of Cobham Mission Systems.
On 1 Sept 2021, The Vehicle Group of power management company Eaton has launched a new lineup of differentials for electrified vehicles that offer comparable performance to those of legacy ICE vehicles.
Influencing Trend:
Development of Technologically Advanced Differential to Actively Control the Distribution of Driving Torque
Market Growth Drivers:
Growing Automobile Sales Owing to Rise in Demand for Light and Heavy Duty Vehicles and Growing Investment by Industry Players in Research and Development of Robust Automotive Differential Design
Challenges:
Fluctuating Raw Materials Prices and Intermittent Slowdown of Automotive Industry
Restraints:
Growing Penetration of Electrical Vehicles and High Capital Investment and Complexity Involved in Differential Design
Opportunities:
Increasing Demand for Luxury and Sport Utility Vehicles and Manufacturing of Electronic Limited Slip Differentials Using Proprietary Software
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 Automobile Differential Market
- Analysis about New Entrants in Automobile 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, Automobile Differential Study Sheds Light on
The Automobile Differential Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automobile Differential industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automobile 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.