Automotive Differential Market is expected to grow at a considerable CAGR during the forecast period from 2021 to 2027. The growing need for better traction on roads and the rising demand for fuel efficient vehicles are the key factors driving the growth of the automotive differential market. Additionally, the rising demand for wheel drive vehicles along with the increasing usage of vehicles across the globe are other factors fueling the growth of the market. The car differential is an important part of the car’s drivetrain, which allows the various drive wheels to achieve effective turning and driving tasks. A car differential can be defined as a device used to split the engine’s torque in two ways, with each output being able to rotate the wheels of a vehicle at a different speed. Differentials are found in all modern passenger cars, commercial vehicles, and electric vehicles.
All driven vehicles require a differential between each set of driven wheels between the front and rear wheels. Part-time four-wheelers rotate at the same speed as the front and rear wheels are locked together because there is no differential between the front and rear wheels. The demand for automotive differentials depends entirely on automotive production activities. Some of the key players being American Axle & Manufacturing Inc., Borgwarner Inc., Continental AG, Dana Limited, Eaton Corporation Inc., GKN Plc (Melrose Industries), JTEKT Corporation (Toyota Motor Corporation), Linamar Corporation, PowerTrax, Schaeffler Group, and ZF Friedrichshafen AG.
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A full report of Global Automotive Differential Market is available at: https://www.orionmarketreports.com/automotive-differential-market/59670/
The following Segmentation are covered in this report:
By Drive Type
- Open Differential
- Locking Differential
- Limited Slip Differential
- Electronic Limited Slip Differential
- Torque Vectoring Differential
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Off-Highway Vehicle
- Construction & Mining Equipment
- Agriculture Tractors
- Forklift
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Differential Market.
- The market share of the global Automotive Differential Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Differential Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Differential Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
