The global automotive differential
market is segmented into type such as open differential, locking differential,
limited-slip differential, electric limited-slip differential and
torque-vectoring differential. Among these segments, electric limited-slip
differential segment is expected to emerge as fastest growing segment in
automotive differential market. The advanced features of electric limited-slip
differentials such as better torque distribution are expected to bolster the
growth of this segment overt the forecast period. Moreover, electric limited-slip
differentials are generally found in luxury and premium cars.
Global automotive
differential market is expected to register a notable CAGR
over the forecast period. Moreover, the global automotive differential market is
expected to expand on the back of growing automotive industry across the globe.
Increasing production of new vehicles is a key factor which is expected to
augment the growth of global automotive differential market in upcoming years.
The passenger cars segment by vehicle
type is likely to grow at remarkable pace during the forecast period. Increasing
sales of new passenger cars in both developing and developed countries is the
key factor which is driving the growth of this segment over the forecast
period. According to international organization of motor vehicle manufacturers,
total 68,539,516 passenger cars were sold globally in 2016 as compared to 22,241,067
commercial vehicles in 2016.
Rising
Affordability of Consumers
The increasing level of consumer’s income and
affordability are augmenting the sales of new vehicles across the globe.
Further, the preference for cars is increasing over motor bikes owing to
improving living standards of population. This increasing sale of new vehicles
is escalating the growth of automotive differential market across all regions.
Growing Automotive
Sector
Factors such as, changing consumer life style and
rising preference for comfortable ride are escalating the sales of automotive
differential market across all regions. The market of automotive differential
is primarily driven by growing automotive industry and this rise in sales of
automotive vehicles is expected to foster the growth of automotive differential
market over the forecast period.
Although, presence of on-demand
taxi operators and growing preference for public transport among a part of
population limiting the sales of new vehicles which is likely to inhibit the
growth of the automotive differential market in the near future.
The
report titled “Global Automotive Differential Market: Global
Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis
& Opportunity Evaluation” delivers
detailed overview of the global Automotive Differential market in terms of
market segmentation by type, by vehicle type, by drive type and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This
report also provides the existing competitive scenario of some of the key
players of the global Automotive Differential market which includes company
profiling of GKN plc, Eaton, Auburn Gear LLC,
American Axle & Manufacturing, Inc., Powertrax, JTEKT Corporation, Neapco,
Dana Limited, ZF Friedrichshafen AG, BorgWarner Inc. and other notable players.
The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global Automotive Differential market
that will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
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strategy, expansion and investment etc. We believe every business can expand to
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strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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