Market Overview:
The global four wheel drive vehicle market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for premium and luxury sedans, pickup trucks, SUVs and crossovers in developed and developing countries. In addition, the increasing demand for military vehicles across the globe is also contributing to the growth of this market. The global four wheel drive vehicle market by type is segmented into premium and luxury sedans, pickup trucks, SUVs and crossovers, and other vehicles. The SUV and crossover segment is expected to grow at a CAGR of 6% during the forecast period from 2018 to 2030 due to their growing popularity among consumers worldwide. The other vehicles segment includes vans/minivans, sports cars/GTs/convertibles etc., which are expected to grow at a CAGR of 4% during the forecast period from 2018-2030 owing to rising consumer preference for these types of vehicles in developed countries such as North America and Europe. The global four wheel drive vehicle market by application is divided into civilian applicationsand military applications . Civilian applications include personal transportation , commercial transportation , law enforcement & security , emergency services & rescue operations etc., while military applications include armored personnel carriers (APCs), infantry fighting Vehicles (IFVs), reconnaissance vehicles etc.
Product Definition:
A four-wheel drive vehicle (4WD) is a vehicle that drives all four roadwheels simultaneously. 4WD vehicles have many uses, from agricultural to military purposes. Some of the most popular off-road vehicles are 4WDs.
Premium and Luxury Sedans:
The Premium and Luxury Sedans segment is expected to grow at a significant rate owing to the increasing demand for comfort, safety, connectivity and entertainment in the four-wheel drive vehicles. The luxury sedan has evolved over time as it started offering more than just comfort and convenience; it also offers safety, security, connectivity with multiple devices such as smartphones through various applications along with real-time traffic updates.
Pickup Trucks:
The pickup trucks are the most popular vehicles used in the four-wheel drive (4WD) vehicle market. The 4WD vehicles are mostly used for off-road conditions such as sand, snow, mud or rock climbing and similar activities. Pickup trucks were initially designed for towing other vehicles; however, today they serve a variety of functions including utility vehicle and work truck among others.
Application Insights:
The four wheel drive vehicle is primarily used in off-road conditions such as snow, mud, and sand. The segment accounted for a major share in the global FWD vehicle market owing to the growing demand from military applications. Furthermore, growth of this application segment can be attributed to increasing adoption of 4WD vehicles across developed economies in North America and Europe.
Civilian applications include use of FWD vehicles on paved roads or highways with low traction tires that are designed for comfort and performance on smooth surfaces such as asphalt and concrete.
Regional Analysis:
North America dominated the global four wheel drive vehicle market in terms of revenue with a share of over 40.0% in 2017. This is attributed to growing demand for high performance vehicles with enhanced safety features and increased traction on snow and ice-covered roads. The region is expected to witness significant growth over the forecast period owing to increasing consumer preference towards luxury sedans, which offer better ride quality as well as superior safety features than other categories of vehicles.
Growth Factors:
- Increasing demand for SUVs and luxury cars
- Rising disposable income of the middle-class population
- Technological advancements in four wheel drive vehicles
- Government initiatives to promote the use of four wheel drive vehicles
- Growing popularity of off-road driving
Scope Of The Report
Report Attributes
Report Details
Report Title
Four Wheel Drive Vehicle Market Research Report
By Type
Premium and Luxury Sedans, Pickup Trucks, SUVs and Crossovers, Other
By Application
Military, Civilian
By Companies
BorgWarner, GKN, Linamar, Magna, ZF Friedrichshafen, American Axle & Manufacturing, Dana, Hitachi Automotive Systems, JTEKT, BorgWarner
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Four Wheel Drive Vehicle Market Report Segments:
The global Four Wheel Drive Vehicle market is segmented on the basis of:
Types
Premium and Luxury Sedans, Pickup Trucks, SUVs and Crossovers, Other
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
Military, Civilian
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:
- BorgWarner
- GKN
- Linamar
- Magna
- ZF Friedrichshafen
- American Axle & Manufacturing
- Dana
- Hitachi Automotive Systems
- JTEKT
- BorgWarner
Highlights of The Four Wheel Drive 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:
- Premium and Luxury Sedans
- Pickup Trucks
- SUVs and Crossovers
- Other
- By Application:
- Military
- Civilian
- 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 Four Wheel Drive 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
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?
Four wheel drive vehicles are those that have two sets of drive wheels on the same axle. This allows the vehicle to move in either direction, depending on how much power is applied to the rear wheels.
Some of the major companies in the four wheel drive vehicle market are BorgWarner, GKN, Linamar, Magna, ZF Friedrichshafen, American Axle & Manufacturing, Dana, Hitachi Automotive Systems, JTEKT, BorgWarner.
The four wheel drive vehicle market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Four Wheel Drive 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 Four Wheel Drive Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Four Wheel Drive 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 Four Wheel Drive 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 Four Wheel Drive Vehicle Market Size & Forecast, 2020-2028
4.5.1 Four Wheel Drive Vehicle Market Size and Y-o-Y Growth
4.5.2 Four Wheel Drive 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 Premium and Luxury Sedans
5.2.2 Pickup Trucks
5.2.3 SUVs and Crossovers
5.2.4 Other
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 Military
6.2.2 Civilian
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Four Wheel Drive 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 Four Wheel Drive 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 Premium and Luxury Sedans
9.6.2 Pickup Trucks
9.6.3 SUVs and Crossovers
9.6.4 Other
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 Military
9.10.2 Civilian
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 Premium and Luxury Sedans
10.6.2 Pickup Trucks
10.6.3 SUVs and Crossovers
10.6.4 Other
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 Military
10.10.2 Civilian
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 Premium and Luxury Sedans
11.6.2 Pickup Trucks
11.6.3 SUVs and Crossovers
11.6.4 Other
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 Military
11.10.2 Civilian
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 Premium and Luxury Sedans
12.6.2 Pickup Trucks
12.6.3 SUVs and Crossovers
12.6.4 Other
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 Military
12.10.2 Civilian
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 Premium and Luxury Sedans
13.6.2 Pickup Trucks
13.6.3 SUVs and Crossovers
13.6.4 Other
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 Military
13.10.2 Civilian
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 Four Wheel Drive Vehicle Market: Competitive Dashboard
14.2 Global Four Wheel Drive Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BorgWarner
14.3.2 GKN
14.3.3 Linamar
14.3.4 Magna
14.3.5 ZF Friedrichshafen
14.3.6 American Axle & Manufacturing
14.3.7 Dana
14.3.8 Hitachi Automotive Systems
14.3.9 JTEKT
14.3.10 BorgWarner
