The global automotive all-wheel-drive market is anticipated to grow at a CAGR of 7.4% during the forecast period (2022-2028). An increase in demand for luxury automobiles and SUVs, a rise in electric vehicle sales, a rising infrastructure for automated driving, and increasing use of all-wheel drive by commercial vehicle makers are some of the key drivers predicted to fuel the growth of this market.
An AWD system is a type of four-wheel drive that sends power to all four wheels via an on-demand or permanent transfer case. On-demand or dynamic AWD refers to a vehicle that uses an on-demand technology to engage the secondary axle when poor traction circumstances are detected while disengaging it during normal driving. The secondary axle offers additional grip until the primary axle achieves its maximum efficiency speed, at which point it engages again. This technology gives drivers more control in challenging road conditions like snow, mud, and sand. On the other hand, a vehicle with a full-time AWD system has power delivered to all four wheels at all times. Off-road driving is prominent in SUVs and trucks; hence this system is common in them. Winter drivers prefer full-time systems as they help maintain traction on slick roadways attributed to this such factors market growth is driven.
Technological advancement is another factor that aids in market growth. AWD operations in vehicles are increasingly being linked to computers. They have sensors on each wheel that track wheel speed, traction, and a variety of other data points at a faster rate (hundreds of times per second). Furthermore, in AWD operation, an electronically controlled unit (ECU) monitors traction situations and determines wthat wheel needs power. Torque Vectoring is a type of system that has improved vehicle handling and increased driving dynamics in all weather and road conditions.
To improve AWD performance and fuel economy, players in the automobile industry are constantly developing and enhancing each of the parts related to the AWD system. For instance, in August 2018 Polestar, Volvo Car Group’s new electric performance brand improved and adjusted the software that boosts torque distribution to the rear wheels of Volvo cars with AWD for more dynamic driving.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By System Type
- By Propulsion Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- BorgWarner Inc., Continental AG, Eaton Magna International Inc.,, ZF Friedrichshafen AG, among others.
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Global Automotive All-Wheel-Drive Market Report by Segment
By Type
- On-Demand AWD
- Full-time AWD
By Application
- Passenger Cars
- Commercial Vehicles
By System Type
- Manual AWD
- Automatic AWD
By Propulsion Type
- ICE Vehicle
- Electric Vehicle
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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