Global All wheel Drive AWD
Market Report
2024
All-wheel drive market size will be USD 35.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global All-wheel drive market size will be USD 35.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global All wheel Drive AWD Market Sales Revenue 2024 | $ 35.4 Billion |
Global All wheel Drive AWD Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.7% |
Market Split by System |
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Market Split by Vehicle Type |
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Market Split by EV Type |
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Market Split by Component |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of All wheel Drive AWD industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
All wheel Drive AWD Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
All-wheel drive (AWD) is a vehicle powertrain system that distributes power to all four wheels simultaneously. Unlike traditional two-wheel drive systems, AWD can enhance traction and stability in various road conditions by automatically adjusting power delivery to individual wheels, improving handling and performance across different terrains. Technological advancements are one of the key drivers propelling the growth of the all-wheel drive market. The advancements include the integration of sophisticated sensors and control systems that optimize power distribution between wheels in real-time, improving traction and stability, which have enhanced systems, making them more efficient, adaptable, and responsive to various driving conditions. As consumer demand for safer and more versatile vehicles increases, these technological strides continue to shape the AWD market, driving its expansion globally.
Increasing Popularity of SUVs—One key driver in the all-wheel-drive market is the increasing popularity of SUVs. SUVs offer versatility, ample cargo space, and a higher driving position, appealing to consumers seeking a blend of utility, comfort, and capability. As SUVs continue to dominate the automotive market, the demand for AWD systems is expected to increase, driving further innovation and adoption in this segment. Improvements in vehicle safety will propel the market growth.
Environmental concerns serve as significant restraints in the all-wheel drive market. High costs hinder market growth.
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October 2022: Scotiabank launched an All-wheel drive platform with BestEx Research for the Canadian equities market. This new offering relies on research-based logic to significantly decrease costs and offer clients top-tier trading performance.
Top Companies Market Share in All wheel Drive AWD Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to increasing demand for vehicles equipped with enhanced traction and control features. This trend aligns with the broader market dynamics, indicating strong growth in AWD systems globally, with the market size projected to expand substantially in the coming years.
Asia-Pacific stands out as the fastest-growing region in the all-wheel-drive market due to its robust manufacturing base, large automotive industry revenue, extensive road networks, rising incomes, improving road infrastructure, and changing consumer preferences towards versatility and performance. The Chinese government's support through subsidies for EV buyers and investments in charging infrastructure has further propelled AWD adoption.
The current report Scope analyzes All wheel Drive AWD Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global All wheel Drive AWD Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing All wheel Drive AWD Industry growth. All wheel Drive AWD market has been segmented with the help of its System, Vehicle Type EV Type, and others. All wheel Drive AWD market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the automatic AWD segment stands out as the dominating category. It utilizes sensors to detect wheel slippage, sending power to the wheels needing traction without driver input. Automatic AWD systems are increasingly popular across various vehicle types, providing a balance between enhanced performance and convenience and appealing to drivers seeking year-round versatility without the need for manual engagement.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of All wheel Drive AWD from 2019 to 2031. This will also help to analyze the demand for All wheel Drive AWD across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Vehicle Type of All wheel Drive AWD are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global All wheel Drive AWD Market is witnessing significant growth in the near future.
In 2023, the Automatic AWD segment accounted for noticeable share of global All wheel Drive AWD Market and is projected to experience significant growth in the near future.
The Passenger Car segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ZF Friedrichshafen AG (Germany) , BorgWarner Inc. (U.S.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The All-Wheel Drive (AWD) market includes cars with a drivetrain that sends power to all four wheels at the same time, improving traction and stability on a variety of terrains and weather situations.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
System | Automatic AWD, Manual AWD |
Vehicle Type | Passenger Car, Commercial Vehicle |
EV Type | Battery Electric Vehicles (BEV), Plug-in Hybrid Electric Vehicle (PHEV) |
Component | Differential, Transfer case, Propeller shaft, Power Transfer Unit, Final Drive Unit |
List of Competitors | ZF Friedrichshafen AG (Germany), Magna International Inc. (Canada), BorgWarner Inc. (U.S.), Continental AG (Germany), JTEKT Corporation (Japan) |
This chapter will help you gain GLOBAL Market Analysis of All wheel Drive AWD. Further deep in this chapter, you will be able to review Global All wheel Drive AWD Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation System Analysis 2019 -2031, will provide market size split by System. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by System Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Vehicle Type Analysis 2019 -2031
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Chapter 12 Market Split by EV Type Analysis 2019 -2031
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Chapter 13 Market Split by Component Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global All wheel Drive AWD market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Automatic AWD have a significant impact on All wheel Drive AWD market? |
What are the key factors affecting the Automatic AWD and Manual AWD of All wheel Drive AWD Market? |
What is the CAGR/Growth Rate of Passenger Car during the forecast period? |
By type, which segment accounted for largest share of the global All wheel Drive AWD Market? |
Which region is expected to dominate the global All wheel Drive AWD Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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