Market Overview:
The global all-wheel drive (AWD) vehicle market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for AWD vehicles from passenger as well as commercial vehicle applications. On the basis of type, autonomous all-wheel drive (AWD) vehicles are expected to account for a larger share of the global AWD vehicle market during the forecast period. This can be attributed to factors such as rising demand for luxury cars and increasing focus on safety features in automobiles. However, manual all-wheel drive (AWD) vehicles are also expected to witness significant growth during the forecast period owing to their lower cost and easy availability compared with autonomous AWD vehicles.
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Product Definition:
An all-wheel drive (AWD) vehicle is a type of car or truck that has power delivered to all four wheels, instead of just the two at the front, as in a traditional rear-wheel drive (RWD) vehicle. AWD systems are used in various settings, from off-road vehicles and sports cars to SUVs and work trucks.
There are several reasons why an AWD system might be important for a given driver or situation. In slippery conditions such as snow or ice, having power distributed to all four wheels can help with traction and stability. When traveling through deep mud or sand, AWD can also help by providing more power to the tires that have better grip. And for drivers who frequently take their cars on unpaved surfaces or into extreme conditions like rally racing, an AWD system is practically essential.
Autonomous:
Autonomous vehicles are those that can operate without human intervention or control. These vehicles make use of electronic systems and sensors to achieve this goal. The most common form of autonomous vehicle is the passenger car, which has a driver-controlled option for manual driving mode.
The global autonomous, it's usage and growth factor in AWD Vehicle market size was valued at USD 7,722 million in 2018.
Manual:
The all-wheel drive (AWD) vehicle is equipped with a transfer case that sends power to the front and rear wheels. It works on the simple principal of centrifugal force, which causes engine output to rise as tires are spun faster than those in the case of a single wheel vehicle. AWD systems have been around for decades; however, they have gained significant traction in recent years due to advancements in technology and increased consumer demand for vehicles with better fuel economy and performance.
Application Insights:
The passenger vehicle segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing demand for passenger vehicles with all-wheel drive systems, such as xDCT and xHAS, in countries such as China and India. Furthermore, manufacturers are also introducing new technologies to increase efficiency while driving by using multiple motor units on a single car platform. For instance, Mercedes-Benz introduced Active Body Control (ABC) which uses rollover sensors to detect objects and calculate the optimum air pressure distribution across each wheel so that it can apply even torque at any speed for better stability during turns or when moving around obstacles at low speeds. Such technological advancements are expected to fuel market growth over the forecast period.
Commercial vehicles accounted for a significant share in 2017 owing to rising demand from construction companies operating across snow-covered roads in arctic regions of North America and Europe with low tire inflation rates exceeding 3%.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to rising disposable income, improved standard of living, and increasing consumer awareness regarding advanced technologies. Furthermore, supportive government regulations are anticipated to play a crucial role in promoting sales of all-wheel drive vehicles in this region. For instance, since 2014 China has been offering subsidies on AWD models based on their fuel economy.
Europe is also likely to witness considerable growth over the next eight years owing to stringent emission norms coupled with growing adoption of electric cars across countries such as Norway and Sweden which have cold climate throughout most part of year.
Growth Factors:
- Increasing demand for AWD vehicles in the developing countries owing to the increasing awareness about their benefits over two-wheel drive vehicles.
- The increasing trend of using AWD vehicles in off-road and adventurous activities is also fuelling the growth of this market.
- Growing demand for luxury cars with all wheel drive capabilities is also propelling the growth of this market.
- Increasing number of women drivers is another key factor that is driving the growth of this market as they prefer AWD cars for safety reasons and better handling on slippery roads conditions .
Scope Of The Report
Report Attributes
Report Details
Report Title
All-Wheel Drive (AWD) Vehicle Market Research Report
By Type
Autonomous, Manual
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
AB Volvo, American Axle and Manufacturing, Inc., BorgWarner Inc, Continental AG, Dana Incorporated, GKN Plc, Haldex, Honda Motor Company Ltd., JTEKT Corporation, Magna International Inc., Nissan Motor Co., Ltd., Tesla, Inc, Valeo SA, ZF Friedrichshafen AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global All-Wheel Drive (AWD) Vehicle Market Report Segments:
The global All-Wheel Drive (AWD) Vehicle market is segmented on the basis of:
Types
Autonomous, Manual
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AB Volvo
- American Axle and Manufacturing, Inc.
- BorgWarner Inc
- Continental AG
- Dana Incorporated
- GKN Plc
- Haldex
- Honda Motor Company Ltd.
- JTEKT Corporation
- Magna International Inc.
- Nissan Motor Co., Ltd.
- Tesla, Inc
- Valeo SA
- ZF Friedrichshafen AG
 Vehicle Market Overview.svg)
Highlights of The All-Wheel Drive (AWD) Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Autonomous
- Manual
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the All-Wheel Drive (AWD) Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Vehicle Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
All-wheel drive (AWD) is a type of vehicle traction system that uses all four wheels simultaneously. This system helps to improve handling and stability in various driving conditions, such as snow, rain, or ice.
Some of the major companies in the all-wheel drive (awd) vehicle market are AB Volvo, American Axle and Manufacturing, Inc., BorgWarner Inc, Continental AG, Dana Incorporated, GKN Plc, Haldex, Honda Motor Company Ltd., JTEKT Corporation, Magna International Inc., Nissan Motor Co., Ltd., Tesla, Inc, Valeo SA, ZF Friedrichshafen AG.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 All-Wheel Drive (AWD) Vehicle Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 All-Wheel Drive (AWD) Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 All-Wheel Drive (AWD) Vehicle Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the All-Wheel Drive (AWD) Vehicle Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global All-Wheel Drive (AWD) Vehicle Market Size & Forecast, 2020-2028
4.5.1 All-Wheel Drive (AWD) Vehicle Market Size and Y-o-Y Growth
4.5.2 All-Wheel Drive (AWD) Vehicle Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Autonomous
5.2.2 Manual
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global All-Wheel Drive (AWD) Vehicle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 All-Wheel Drive (AWD) Vehicle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Autonomous
9.6.2 Manual
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Autonomous
10.6.2 Manual
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Autonomous
11.6.2 Manual
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Autonomous
12.6.2 Manual
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Autonomous
13.6.2 Manual
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 All-Wheel Drive (AWD) Vehicle Market: Competitive Dashboard
14.2 Global All-Wheel Drive (AWD) Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AB Volvo
14.3.2 American Axle and Manufacturing, Inc.
14.3.3 BorgWarner Inc
14.3.4 Continental AG
14.3.5 Dana Incorporated
14.3.6 GKN Plc
14.3.7 Haldex
14.3.8 Honda Motor Company Ltd.
14.3.9 JTEKT Corporation
14.3.10 Magna International Inc.
14.3.11 Nissan Motor Co., Ltd.
14.3.12 Tesla, Inc
14.3.13 Valeo SA
14.3.14 ZF Friedrichshafen AG
