Automotive Multi-Wheel Drive Systems Market $6,247.5 Million by 2019, According to a New Study on ASDReports

Thursday 2 October 2014, Amsterdam

Asia-Oceania: Growing Market for Automatic AWD Systems in Near Future

The Asia-Oceania region includes developing countries such as China, India, Japan, and South Korea. Factors such as adaptation of safety regulations by governments and their agencies, increase in vehicle sales and safety installations per vehicle, need for vehicle fuel efficiency, and stability and control are accelerating the demand for multi-wheel drive systems. Suppliers such as ZF Friedrichshafen AG (Germany), GKN Driveline (England), and JTEKT Corporation (Japan) are some of the dominant players in this region that are anticipated to drive the demand for the multi-wheel drive systems.

Europe & North America: Established Market for Automatic and Manual AWD Systems

In 2009, Europe experienced an economic downturn that affected many industries within the region, especially the automotive industry. But it is on the verge of complete recovery from the downturn. As a result, the automotive multi-wheel drive system market is projected to show a stable growth rate for the period under study. Europe is a major market for multi-wheel drive systems and home to a number of automotive AWD system suppliers such as ZF Friedrichshafen AG and Continental AG. Due to the technological prowess that Europe has, new and advanced technology is well accepted in local markets with high adoption rate.

The North American region comprises of U.S., Mexico, and Canada. Mexico is the emerging economy in this segment. U.S. and Canada are established markets in the North American region with a healthy growth rate. The advantages provided by the AWD systems are expected to positively affect its market. Suppliers such as American Axle and Manufacturing Inc., Borg Warner Inc., and Continental AG have a major presence in North America.

The report covers the automotive multi-wheel systems market in terms of volume and value. The market size, from 2012 to 2019 with regard to volume, is provided in terms of thousand units, whereas the value is provided in terms of $million. The market is broadly classified by regions (Asia-Oceania, Europe, North America, and RoW), focusing on key countries in each region.

The report classifies and defines the automotive multi-wheel systems market in terms of volume and value providing qualitative and quantitative insights on the automotive multi-wheel systems. It also gives a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the AWD systems market. The key players in this market have also been identified and profiled.