Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Differential For Automotive Market by Type (Open Differential, Lock Differential, Limited Slip Differential, Electronic Differential), By Application (Passenger Vehicle, Commercial Vehicle, Electric Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Differential For Automotive Market by Type (Open Differential, Lock Differential, Limited Slip Differential, Electronic Differential), By Application (Passenger Vehicle, Commercial Vehicle, Electric Vehicle) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 315772 4200 Automobile & Transportation 377 164 Pages 5 (36)
                                          

Market Overview:


Differential is a device that allows the wheels on a vehicle to rotate at different speeds. It is used in automotive applications for passenger vehicles, commercial vehicles and electric vehicles. The global differential market for automotive by type is segmented into open differential, lock differential, limited slip differential and electronic differential. The global market for automotive by application is segmented into passenger vehicle, commercial vehicle and electric vehicle. The global market for automotive by region is segmented into North America, Latin America, Europe Asia Pacific and Middle East & Africa. The global Differential For Automotive Market was valued at $XX million in 2017 and it is projected to reach $XX million by 2030 with a CAGR of XX%. Some of the key factors driving the growth of this market include increasing demand for luxury cars and SUVs; rising demand from emerging markets; technological advancements in automatic transmission systems; growing preference for all wheel drive (AWD) systems over two wheel drive (2WD) systems; increasing adoption of advanced safety features such as traction control system (TCS), anti-lock braking system (ABS), electronic stability program (ESP) etc.; stringent emission norms across regions;and increase in R&D spending by OEMs.


Global Differential For Automotive Industry Outlook


Product Definition:


A differential is a gearbox or transaxle located between the engine and the drive wheels that splits the torque from the engine equally to both wheels, even if they are rotating at different speeds. The differential allows each wheel to rotate at its own speed while providing equal torque (power) to each wheel.


Open Differential:


Open Differential is a type of transmission that uses two universal joints to transmit torque from the engine to the output shaft. The open differential is commonly used in passenger cars, trucks and buses. It has been gaining popularity due to its benefits such as ease of gear selection, smooth drive and high fuel efficiency.


The global Open Differential market size was valued at USD 1,849.6 million in 2016.


Lock Differential:


The lock differential is a device that prevents the wheels of vehicles from spinning in case of any accidental wheel movement. It's used to keep the vehicle in motion even if one or more tires lose contact with the road. The lock differential is an essential component for automobiles as it helps to maintain traction and prevent skidding, which can lead to loss of control and potential accident.


Application Insights:


Passenger vehicle application segment led the global differential for automotive market in 2017, accounting for over 60.0% share of the overall revenue. The segment is expected to witness significant growth owing to increasing demand for passenger vehicles with higher performance and efficiency across various applications such as off-road driving, on ice roads, on uneven surfaces and in mud/dirt conditions.


Global differentials are used in commercial vehicles including trucks, buses and coaches to improve traction control while cornering or skidding wheels by providing more torque distribution through a locking mechanism that prevents wheel spin. This improves vehicle stability during braking or turning movements thereby enhancing driver safety. In addition, electronic Differential provides better precision than conventional mechanical systems which increases fuel efficiency and reduces CO2 emissions thus considered as an essential component of green transportation solutions worldwide.


The growing importance of electric cars has resulted in increased R&D investments by major car manufacturers such as Tesla Motors Inc., BMW AG et al.


Regional Analysis:


Asia Pacific regional market dominated the global differentials market in terms of both volume and revenue. The region is expected to maintain its dominance over the forecast period owing to rapid industrialization, increasing per capita income, and rising demand for automobiles from developing economies such as China and India.


China is projected to be one of the major markets for differentials in Asia Pacific on account of rapid urbanization along with increasing automobile production levels across key manufacturers including Changan Automobile, Dongfeng Motor Corporation Ltd., FAW Group Co., Ltd., Great Wall Motors Co., Ltd. & Haval Vehicle Manufacturing Corp. The country also exports a large number of vehicles to other Asian countries thus contributing significantly towards regional growth rates.


North America was estimated as the second-largest regional market in 2017 due to high demand from end-use industries such as automotive.


Growth Factors:


  • Increasing demand for luxury and performance cars
  • Growing automotive aftermarket sector
  • Proliferation of electric and hybrid vehicles
  • Development of autonomous driving technology
  • Expansion of ride-sharing services

Scope Of The Report

Report Attributes

Report Details

Report Title

Differential For Automotive Market Research Report

By Type

Open Differential, Lock Differential, Limited Slip Differential, Electronic Differential

By Application

Passenger Vehicle, Commercial Vehicle, Electric Vehicle

By Companies

American Axle & Manufacturing, GKN, ZF Friedrichshafen, Borg warner, JTEKT, Eaton, DANA, Schaeffler, Drexler Automotive, Neapco, American Axle & Manufacturing

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

164

Number of Tables & Figures

115

Customization Available

Yes, the report can be customized as per your need.


Global Differential For Automotive Market Report Segments:

The global Differential For Automotive market is segmented on the basis of:

Types

Open Differential, Lock Differential, Limited Slip Differential, Electronic Differential

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, Electric 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:

  1. American Axle & Manufacturing
  2. GKN
  3. ZF Friedrichshafen
  4. Borg warner
  5. JTEKT
  6. Eaton
  7. DANA
  8. Schaeffler
  9. Drexler Automotive
  10. Neapco
  11. American Axle & Manufacturing

Global Differential For Automotive Market Overview


Highlights of The Differential For Automotive Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Open Differential
    2. Lock Differential
    3. Limited Slip Differential
    4. Electronic Differential
  1. By Application:

    1. Passenger Vehicle
    2. Commercial Vehicle
    3. Electric Vehicle
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Differential For Automotive 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.

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Global Differential For Automotive Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Differential is a type of gear that helps to reduce the amount of friction between the gears in an engine. This allows for more power and efficiency when driving.

Some of the major players in the differential for automotive market are American Axle & Manufacturing, GKN, ZF Friedrichshafen, Borg warner, JTEKT, Eaton, DANA, Schaeffler, Drexler Automotive, Neapco, American Axle & Manufacturing.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Differential For Automotive 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 Differential For Automotive Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Differential For Automotive 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 Differential For Automotive 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 Differential For Automotive Market Size & Forecast, 2020-2028       4.5.1 Differential For Automotive Market Size and Y-o-Y Growth       4.5.2 Differential For Automotive 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 Open Differential
      5.2.2 Lock Differential
      5.2.3 Limited Slip Differential
      5.2.4 Electronic Differential
   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
      6.2.3 Electric Vehicle
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Differential For Automotive 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 Differential For Automotive 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 Open Differential
      9.6.2 Lock Differential
      9.6.3 Limited Slip Differential
      9.6.4 Electronic Differential
   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
      9.10.3 Electric 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 Open Differential
      10.6.2 Lock Differential
      10.6.3 Limited Slip Differential
      10.6.4 Electronic Differential
   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
      10.10.3 Electric 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 Open Differential
      11.6.2 Lock Differential
      11.6.3 Limited Slip Differential
      11.6.4 Electronic Differential
   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
      11.10.3 Electric 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 Open Differential
      12.6.2 Lock Differential
      12.6.3 Limited Slip Differential
      12.6.4 Electronic Differential
   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
      12.10.3 Electric 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 Open Differential
      13.6.2 Lock Differential
      13.6.3 Limited Slip Differential
      13.6.4 Electronic Differential
   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
      13.10.3 Electric 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 Differential For Automotive Market: Competitive Dashboard
   14.2 Global Differential For Automotive Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 American Axle & Manufacturing
      14.3.2 GKN
      14.3.3 ZF Friedrichshafen
      14.3.4 Borg warner
      14.3.5 JTEKT
      14.3.6 Eaton
      14.3.7 DANA
      14.3.8 Schaeffler
      14.3.9 Drexler Automotive
      14.3.10 Neapco
      14.3.11 American Axle & Manufacturing

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