About Transfer Case
Transfer Case is a part of the drive train that is used in four-wheel drive and all-wheel drive vehicles and responsible for transmitting the power to all four wheels. In the absence of a transfer case, the off road working will be difficult as it provides torque. With the growing automotive manufacturing industry demand for the transfer case market is growing. However, there are some regulatory frameworks regarding the automotive and technology industry which can affect the global transfer case market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
ZF Friedrichshafen AG is a global leader in driveline and chassis technology and offers a range of transfer cases for a variety of applications. The company's transfer cases are designed to deliver high torque output and provide reliable performance in challenging environments which giving high level of competition to other players Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Transfer Case 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.
BorgWarner Inc. (United States), American Axle & Manufacturing (United States), Schaeffler Group (Germany), Aisin Seiki (Japan), GKN (Germany), Univance Inc (United States), Hyundai Wia Corporation, Linamar Corporation, Magna International Inc., Marmon Holdings, Inc.,, Melrose Industries Plc., Meritor Inc., Univance Corporation and ZF Friedrichshafen AG are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Transfer Case market by Type (Part-time 4WD, Full Time 4WD and Active 4WD), Application (Truck, Fire Rescue, Construction Utility, Defense, Trailor and Other) and Region.
On the basis of geography, the market of Transfer Case 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, the sub-segment i.e. Heavy Commercial Vehicles will boost the Transfer Case market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Shift, the sub-segment i.e. Manual Shift On the Fly (M.S.O.F) will boost the Transfer Case market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drive, the sub-segment i.e. Gear Driven will boost the Transfer Case market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Consumption of Gear Based Transfer Case in the Automotive Industry
Market Growth Drivers:
Growing Vehicle Manufacturing Industries across the Country and Increasing Fuel Efficiency and Reliability in Automotive Industry
Challenges:
Strict Regulatory Norms regarding Automotive and Manufacturing Industry and High Maintenance Cost Associated with Transfer Case
Restraints:
Extreme Weather Conditions and Risk of Safety might Hinder the Growth and The complexity with Weight, Power, and Installation related issues
Opportunities:
Increasing Adoption of Transfer Case in Passenger Vehicle and Improving performance and Safety related concerns Associated with Transfer Case will Boost the Market
Market Leaders and their expansionary development strategies
Delphi Technologies' acquisition by BorgWarner Inc. was publicised. BorgWarner and Delphi Technologies' merger is anticipated to strengthen BorgWarner's electronics and power electronics products, capabilities, and scale, creating a market leader in electrified propulsion systems that is, in BorgWarner's opinion, well-positioned to benefit from future propulsion migration.
Recently Transfer case manufacturers are investing heavily in R&D to develop new technologies that can improve the performance and durability of transfer cases.
Key Target Audience
Transfer Case Manufacturing, Transfer Case Distributors and Suppliers, Transfer Case International Traders, Research and Development Institutes, Financial Institution and Venture Capital, Regulatory Bodies 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.