About Differential Mechanism
A Differential Mechanism is also known as a mechanical device that is made up of several gears. These are used in almost all mechanized four-wheel vehicles. The differential mechanism enables to transmit the power from the driveshaft to the drive wheels. The main aim function is to provide the drive wheels to turn at different rpms at different speed also allowing the wheels to move around the corners in spite of receiving power from the engine. Hence the importance of this differential Mechanism in automotive is driving the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Differential Mechanism market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton Corporation plc (Ireland), Mitsubishi Group (Japan), Linamar Corporation (Canada), NSK Ltd. (Japa), American Axel and Manufacturing Inc. (United States), Dana Holding Corporation (United States), Neapco Inc (United States), Bharat Gears Ltd (India) and ONDO SHINSHO Precision Technology Corporation (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Differential Mechanism market by Type (Differential, Steering system, Transmission and Others), Application (OEM (Original Equipment Manufacturers) and Aftersales) and Region.
On the basis of geography, the market of Differential Mechanism has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle Type, the sub-segment i.e. Passenger Car will boost the Differential Mechanism market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Metallic will boost the Differential Mechanism market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Differential Types, the sub-segment i.e. Open Differential will boost the Differential Mechanism market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
New Developments in Differential Mechanism Systems
Market Growth Drivers:
Increasing Application of This Differential Mechanism in Automotive Sector and Increasing Vehicle Production
Challenges:
Constraints Related To the Cost of this Differential Mechanism and Plastic Gears Reinforced with Carbon Fiber is an Upcoming Technology
Restraints:
Growing Demand for Electric Vehicle Hindering the Growth of Differential Mechanism Market and The High Cost of High-End Gear Systems
Opportunities:
Expansion and Joint Ventures with OEMs and Suppliers in Developing Countries
Market Leaders and their expansionary development strategies
In June 2021, power management company Eaton acquired Cobham Mission Systems. Cobham is a leading manufacturer of air-to-air refueling systems, environmental systems, and actuators primarily for the defense market. The company has a workforce of approximately 2,000 people and manufacturing facilities in the US and UK.
In May 2021, Mitsubishi Heavy Industries Machine Tool Co., Ltd., part of the Mitsubishi Heavy Industries (MHI) group, announced the launch of new GE15HS and GE25HS models of hobbing machines in June 2021. Emphasizing high precision and efficiency, the new machines focus on electric and hybrid vehicles amid the global trend towards decarbonization. New machines produce the high-precision gears required for these new vehicles. This new machine model is a greatly improved addition to the GE series hobbing machines that have shipped more than 2,800 units.
Key Target Audience
Differential Mechanism Manufactures, Differential Mechanism Distributors, Potential Investors, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.