According to IMARC Group’s latest report, titled “Automotive Differential Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global automotive differential market reached a value of US$ 20.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.5 Billion by 2027, exhibiting at a CAGR of 5.2% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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An automotive differential is a crucial component of the automotive drivetrain that enables wheels to rotate at different speeds while turning. It splits the engine torque into two separate units, allowing each output to rotate the wheels at different speeds. It is present in the rear axle assembly of rear-wheel drives and consists of pinion bearings, spider and side gears, side bearings and differential case and drive gears. Some of the commonly used variants in passenger and commercial vehicles include open, locking, limited-slip, electronically controlled limited-slip, and torque vectoring differentials.
Market Trends and Drivers:
The global automotive differential market is primarily driven by the expanding automotive industry. The increasing demand for commercial and heavy-duty vehicles is also contributing to the market growth as the differential aids in conveniently maneuvering the vehicle with enhanced traction control. Besides this, the market is further propelled by the rising adoption of electronically limited-slip differential (ELSD) in sports and off-road automobiles as it provides improved braking, ability to drive both off- and on-road, and stability over slippery roads. Along with this, the increasing demand for lightweight and high-performance automotive components represents another major growth-inducing factor. Furthermore, the rising disposable incomes of consumers, increasing preference for luxury and semi-utility vehicles (SUVs) and extensive research and development (R&D) activities to produce more cost-effective variants are some of the other factors anticipated to propel the market growth.
Automotive Differential Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the automotive differential market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- American Axle & Manufacturing Inc.
- Continental AG
- Dana Limited
- Linamar Corporation
- JTEKT Corporation (Toyota Motor Corporation)
- Schaeffler Group
- ZF Friedrichshafen AG
- Borgwarner Inc.
- Eaton Corporation Inc.
- GKN Plc (Melrose Industries)
Key Market Segmentation:
The report has segmented the global automotive differential market on the basis of type, drive type, vehicle, component, vehicle propulsion type and region.
Breakup by Type:
- Electronic Limited-Slip Differential (ELSD)
- Locking Differential
- Limited-Slip Differential (LSD)
- Open Differential
- Torque Vectoring Differential
Breakup by Drive Type:
- Front Wheel Drive (FWD)
- Rear Wheel Drive (RWD)
- All Wheel Drive/ Four Wheel Drive (AWD/4WD)
Breakup by Vehicle:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Off-highway Vehicle
Breakup by Component:
- Differential Bearing
- Differential Gear
- Differential Case
Breakup by Vehicle Propulsion Type:
- C. Engine Vehicle
- Spark Ignition Engine based Vehicle
- Compression Ignition Engine based Vehicle
- Electric Vehicle
- Battery Electric Vehicle
- Fuel Cell Electric Vehicle
- Hybrid Electric Vehicle
- Hybrid Electric
- Plug-in Hybrid Electric
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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