Dublin, Dec. 23, 2020 (GLOBE NEWSWIRE) -- The "All-Wheel Drive (AWD) Vehicle - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global All-Wheel Drive (AWD) Vehicle market accounted for $405.04 billion in 2019 and is expected to reach $695.93 billion by 2027 growing at a CAGR of 7.0% during the forecast period.
The increase in demand for high performance, fuel-efficient vehicles due to the enactment of emission regulation is the major factor fueling market growth. However, the high cost of vehicles is hampering the market growth.
An all-wheel drive vehicle (AWD) vehicle is one with a powertrain proficient of giving power to all its wheels, whether whole-time or on-demand. The mainly general forms of all-wheel drive are: four-wheel drive (4x4) reflecting two axles with both wheels on each able of being powered.
Based on the technology, the four wheel drive (4WD) segment is likely to have a huge demand due to it is generally used on large SUV Four-Wheel Drive (4x4) vehicles designed to use the extra traction of 4WD in off road conditions. These vehicles are predominately truck based platforms with large wheels and off road tyres that shared with a manually selected and a locked 4WD driveline facilitates the vehicle to venture off-road and negotiate very difficult terrain.
By geography, North America is going to have a lucrative growth during the forecast period due to a rise in the production and sale of vehicles in the U.S. and Canada. An increased command for electric vehicles across North America is anticipated to increase the all-wheel drive (AWD) vehicle market in the region.
What the Report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019 2020, 2024, and 2027
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.6 Technology Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global All-Wheel Drive (AWD) Vehicle Market, By Operation
6 Global All-Wheel Drive (AWD) Vehicle Market, By Propulsion
6.2.1 Hybrid Electric Vehicle (HEV)
6.2.2 Battery Electric Vehicle (BEV)
6.2.3 Plug-in Hybrid Electric Vehicle (PHEV)
7 Global All-Wheel Drive (AWD) Vehicle Market, By Vehicle Type
7.2 Light Commercial Vehicles
7.3 Heavy Commercial Vehicles
7.4 Passenger Vehicle
8 Global All-Wheel Drive (AWD) Vehicle Market, By Technology
8.2 Four Wheel Drive (4WD)
8.3 All-Wheel Drive (AWD)
9 Global All-Wheel Drive (AWD) Vehicle Market, By Geography
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.5 Other Key Strategies
11 Company Profiling
11.1 American Axle & Manufacturing, Inc.
11.2 GKN Plc
11.3 Dana Incorporated
11.4 Continental AG
11.5 AB Volvo
11.6 BorgWarner Inc
11.7 JTEKT Corporation
11.8 Honda Motor Company Ltd.
11.9 Magna International Inc.
11.10 Nissan Motor Co., Ltd
11.11 Tesla, Inc.
11.12 Valeo SA
11.13 ZF Friedrichshafen AG
For more information about this report visit https://www.researchandmarkets.com/r/ke5agv
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