Technavio has been monitoring the automotive four-wheel drive vehicle market and it is poised to grow by 3.87 mn units during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Automotive Four-wheel Drive Vehicle Market 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive four-wheel drive vehicle market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.
Frequently Asked Questions:
What are the major trends in the market?
Development of intelligent torque vectoring for AWD is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The market will accelerate at a CAGR of over 5% and the incremental growth of the market is anticipated to be $ 3.87 mn.
Who are the top players in the market?
BMW AG, BYD Co. Ltd., Daimler AG, Ford Motor Co., General Motors Co., Hyundai Motor Co., Nissan Motor Co. Ltd., Renault SA, Toyota Motor Corp., and Volkswagen AG., are some of the major market participants.
What is the key market driver?
The growing demand for SUVs and pick-up trucks is one of the major factors driving the market.
How big is the North America market?
The North America region will contribute to 38% of the market share.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BMW AG, BYD Co. Ltd., Daimler AG, Ford Motor Co., General Motors Co., Hyundai Motor Co., Nissan Motor Co. Ltd., Renault SA, Toyota Motor Corp., and Volkswagen AG. are some of the major market participants. The growing demand for SUVs and pick-up trucks will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this automotive four-wheel drive vehicle market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Four-wheel Drive Vehicle Market 2020-2024: Segmentation
Automotive Four-wheel Drive Vehicle Market is segmented as below:
SUVs And Crossovers
Premium And Luxury Sedans
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Automotive Four-wheel Drive Vehicle Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive four-wheel drive vehicle market report covers the following areas:
Automotive Four-wheel Drive Vehicle Market Size
Automotive Four-wheel Drive Vehicle Market Trends
Automotive Four-wheel Drive Vehicle Market Industry Analysis
This study identifies development of intelligent torque vectoring for AWD as one of the prime reasons driving the automotive four-wheel drive vehicle market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Four-wheel Drive Vehicle Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist automotive four-wheel drive vehicle market growth during the next five years
Estimation of the automotive four-wheel drive vehicle market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive four-wheel drive vehicle market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive four-wheel drive vehicle market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Type
Comparison by Type
SUVs and crossovers - Market size and forecast 2019-2024
Pickup trucks - Market size and forecast 2019-2024
Premium and luxury sedans - Market size and forecast 2019-2024
Market opportunity by Type
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume drivers- Demand led growth
Market positioning of vendors
BYD Co. Ltd.
Ford Motor Co.
General Motors Co.
Hyundai Motor Co.
Nissan Motor Co. Ltd.
Toyota Motor Corp.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005694/en/