Market Overview:
The global multi-wheel drive systems 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 market growth can be attributed to the increasing demand for all-wheel drive passenger cars and commercial vehicles across the globe. On the basis of type, the global multi-wheel drive systems market has been segmented into 2 wheel drive and all-wheel drive. The all-wheel drive segment is expected to account for a larger share of the market in 2018 and is anticipated to register a higher CAGR during the forecast period. This can be attributed to rising demand for all-weather driving capabilities in passenger cars as well as commercial vehicles.
Product Definition:
Multi-wheel Drive Systems are systems that use more than one wheel to power a device. Multi-wheel Drive Systems are used in many devices, including cars, trucks, and buses. The importance of Multi-wheel Drive Systems is that they provide better traction and stability than single-wheel drive systems.
2 Wheel Drive:
2 Wheel Drive (2WD) vehicles have two driven wheels instead of one. The 2WD vehicle has the ability to drive on all four wheels at the same time. Most 2WD vehicles are Front Wheel Drive (FWD), but it can also be mounted in the rear or middle of the vehicle. In a FWD system, power is delivered to only one wheel at a time; whereas in an AWD system, power is delivered to both front and rear wheels simultaneously.
All-Wheel Drive:
All-wheel drive (AWD) is a system that distributes power to all road wheels of a vehicle simultaneously. It is used in passenger cars, light commercial vehicles, and heavy commercial vehicles to improve the traction between any pair of tires and the overall system performance. AWD systems are gaining popularity as they offer better traction control than front wheel drive (FWD) or rear wheel drive (RWD).
Application Insights:
The passenger cars segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing demand for vehicles with superior performance such as off-road ability and high speed on roadability. Multi-wheel drive systems are widely used in off-road conditions such as snow, mud, sand and gravel roads where all wheel drive would not provide sufficient traction due to adverse weather conditions or ground surface texture. Furthermore, MWD provides better stability during high speed driving which enhances driver safety significantly contributing towards higher market penetration in this segment over the forecast period.
Commercial vehicles are expected to emerge as a fast growing application segment owing to rising demand from construction sites across various regions coupled with extensive usage of 4x4 trucks for transporting goods across rugged terrains thereby necessitating use of multi wheel drive system for better performance.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for MD Systems over the forecast period. The growth can be attributed to increasing per capita income, changing lifestyle, and rising demand for passenger cars and commercial vehicles in China and India. In addition, growing adoption of electric vehicles in countries such as China owing to stringent emission norms is anticipated to further boost the industry growth.
Europe accounted for a significant share of global revenue in 2017 owing to early adoption of multi-wheel drive systems by prominent manufacturers such as Mercedes Benz AG; Volkswagen Group; BMW AG; Ford Motor Company Europe N.V.; Jaguar Land Rover Limited; Volvo Car Corporation; SsangYong Motors Co., Ltd.; Mahindra & Mahindra Limited etc’ in their premium cars including saloons, sports utility vehicles (SUVs) and off-roaders.
Growth Factors:
- Increasing demand for fuel-efficient and environment-friendly vehicles
- Growing automotive industry in developing countries
- Rising demand for luxury and premium cars
- Technological advancements in multi-wheel drive systems
- Government initiatives to promote fuel-efficient vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-wheel Drive Systems Market Research Report
By Type
2 Wheel Drive, All-Wheel Drive
By Application
Passenger Cars, Commercial Vehicles
By Companies
Magna International, Continental, American Axle and Manufacturing Holdings, GKN, Oerlikon, ZF Friedrichshafen, BorgWarner, Dana Holdin, Eaton, JTEKT, Magna International
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
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Multi-wheel Drive Systems Market Report Segments:
The global Multi-wheel Drive Systems market is segmented on the basis of:
Types
2 Wheel Drive, All-Wheel Drive
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 Cars, Commercial Vehicles
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:
- Magna International
- Continental
- American Axle and Manufacturing Holdings
- GKN
- Oerlikon
- ZF Friedrichshafen
- BorgWarner
- Dana Holdin
- Eaton
- JTEKT
- Magna International
Highlights of The Multi-wheel Drive Systems 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:
- 2 Wheel Drive
- All-Wheel Drive
- By Application:
- Passenger Cars
- Commercial Vehicles
- 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 Multi-wheel Drive Systems 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?
Multi-wheel drive systems are a type of vehicle traction system that uses more than one set of rotors to provide power to the wheels. This allows the vehicle to better handle difficult terrains and improve stability.
Some of the key players operating in the multi-wheel drive systems market are Magna International, Continental, American Axle and Manufacturing Holdings, GKN, Oerlikon, ZF Friedrichshafen, BorgWarner, Dana Holdin, Eaton, JTEKT, Magna International.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multi-wheel Drive Systems 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 Multi-wheel Drive Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multi-wheel Drive Systems 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 Multi-wheel Drive Systems 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 Multi-wheel Drive Systems Market Size & Forecast, 2018-2028
4.5.1 Multi-wheel Drive Systems Market Size and Y-o-Y Growth
4.5.2 Multi-wheel Drive Systems Market Absolute $ Opportunity
Chapter 5 Global Multi-wheel Drive Systems 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 Multi-wheel Drive Systems Market Size Forecast by Type
5.2.1 2 Wheel Drive
5.2.2 All-Wheel Drive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multi-wheel Drive Systems 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 Multi-wheel Drive Systems Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi-wheel Drive Systems 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 Multi-wheel Drive Systems 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 Multi-wheel Drive Systems Analysis and Forecast
9.1 Introduction
9.2 North America Multi-wheel Drive Systems 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 Multi-wheel Drive Systems Market Size Forecast by Type
9.6.1 2 Wheel Drive
9.6.2 All-Wheel Drive
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 Multi-wheel Drive Systems Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
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 Multi-wheel Drive Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Multi-wheel Drive Systems 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 Multi-wheel Drive Systems Market Size Forecast by Type
10.6.1 2 Wheel Drive
10.6.2 All-Wheel Drive
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 Multi-wheel Drive Systems Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
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 Multi-wheel Drive Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multi-wheel Drive Systems 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 Multi-wheel Drive Systems Market Size Forecast by Type
11.6.1 2 Wheel Drive
11.6.2 All-Wheel Drive
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 Multi-wheel Drive Systems Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
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 Multi-wheel Drive Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Multi-wheel Drive Systems 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 Multi-wheel Drive Systems Market Size Forecast by Type
12.6.1 2 Wheel Drive
12.6.2 All-Wheel Drive
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 Multi-wheel Drive Systems Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
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) Multi-wheel Drive Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multi-wheel Drive Systems 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) Multi-wheel Drive Systems Market Size Forecast by Type
13.6.1 2 Wheel Drive
13.6.2 All-Wheel Drive
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) Multi-wheel Drive Systems Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
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 Multi-wheel Drive Systems Market: Competitive Dashboard
14.2 Global Multi-wheel Drive Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Magna International
14.3.2 Continental
14.3.3 American Axle and Manufacturing Holdings
14.3.4 GKN
14.3.5 Oerlikon
14.3.6 ZF Friedrichshafen
14.3.7 BorgWarner
14.3.8 Dana Holdin
14.3.9 Eaton
14.3.10 JTEKT
14.3.11 Magna International
