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Automotive Four-wheel Drive Vehicle Market by Application, Type, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 173
  • SKU: IRTNTR43339
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"The automotive four-wheel drive vehicle market is estimated to grow at a CAGR of 3.85%" between 2022 and 2027. The size of the market is forecast to increase by 2423.33 thousand units. The growth of the market depends on several factors, including the benefits associated with the electrification of four-wheel drive components, the advantages associated with four-wheel drive systems, and the growing demand for SUVs and pickup trucks.

This report extensively covers market segmentation by application (passenger cars and commercial vehicles), type (SUVs and crossovers, pickup trucks, and premium and luxury sedans), and geography (North America, APAC, Europe, and the Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Automotive Four-wheel Drive Vehicle Market be During the Forecast Period?

Automotive Four-wheel Drive Vehicle Market Size

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Parent Market Analysis

The reports categorize the global automotive four-wheel drive vehicle market as a part of the global automotive market under the global automobiles and components industry. The parent market, the global automotive market, covers companies engaged in the production of vehicles such as passenger cars, commercial vehicles, and all-terrain vehicles. It does not include the manufacturers of motorcycles, scooters, e-bikes, trikes, and three-wheelers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Automotive Four-wheel Drive Vehicle Market: Key Drivers, Trends, Challenges, and Customer Landscape

The benefits associated with the electrification of four-wheel drive components are notably driving the automotive four-wheel drive vehicle market growth, although factors such as operational issues and high maintenance costs due to poor fuel efficiency may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. Although there was a decrease in demand for automotive four-wheel drive vehicles during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Automotive Four-wheel Drive Vehicle Market Driver 

The benefits associated with the electrification of four-wheel drive components are notably driving the automotive four-wheel drive vehicle market growth. The automotive industry is witnessing an increased adoption of sensors, actuators, accumulators, electronic control units, hydraulic pumps, and onboard computers for the operation of various onboard systems. The integration of electronics in automotive systems has increased over the years, making the system more accurate and precise to deliver better driving dynamics. For instance, the components in automotive four-wheel drive systems are undergoing electrification for their operation. In a four-wheel drive system, the driving-axle gear assembly transmits the power to the wheels to enable each wheel to rotate independently. Similarly, most mid-segment and premium SUVs come with an electronic differential lock, which is used to monitor and control the wheel spin to enable better traction. This works in tandem with onboard ABS sensors and helps in delivering more power to the wheel, which is grounded, to provide better handling and stability.

Automotive OEMs are using the torque vectoring system that makes use of electronic systems to monitor different parameters continuously, such as vehicle speed, gear ratios, wheel speed, and yaw rate, to automatically apply torque to the outer wheels while taking sharp turns at high speeds. Hence, the increasing electronic content per vehicle would help in increasing the efficiency of different components of the four-wheel drive system. This would drive the growth of the market.

Key Automotive Four-wheel Drive Vehicle Market Trend

Replacement of drive shaft and mechanical differentials with electric drive axles is the primary trend driving the automotive four-wheel drive vehicle market growth. OEMs are replacing heavy mechanical parts with electrical and electronic components to enhance fuel economy and cut down maintenance costs. The US Department of Transportation has imposed stringent regulations, such as the Corporate Average Fuel Economy (CAFE) standards, on automotive OEMs to increase the fuel economy of commercial and personal vehicles. SUVs with four-wheel drive or AWD modes are estimated to cut down almost one mile per gallon (mpg) of fuel emissions. Manufacturers are coming up with models that comply with the stringent CAFE norms.

For instance, ZF and GKN have developed electric drive axles that eliminate the use of heavy propeller shafts for transferring the torque to the rear wheels in an AWD. The compact design of the system enables its fitment on the front and rear wheel axle, turning an intelligent all-wheel drive system (I-AWD) system into a hybrid system. GKN has developed an electric axle for Volvo XV90 hybrid cars. The electric axle unit is integrated into an electric motor that is fitted on the rear wheels of this model. The other models that employ electric axles for AWD are the BMW i8 plug-in hybrid, Peugeot 3008 hybrid4, Porsche 918 Spyder, Mazda, and Nissan hybrids. These axles are relatively less expensive to integrate within the same chassis. They reduce the weight of the drivetrain as they eliminate the use of heavy propeller shafts. They make use of electrical power to run the rear wheels and reduce fuel consumption. Hence, these innovations will drive the growth of the market during the forecast period.

Key Automotive Four-wheel Drive Vehicle Market Challenge

Operational issues and high maintenance costs due to poor fuel efficiency are the major challenges impeding the automotive four-wheel drive vehicle market growth. Automotive OEMs are developing advanced four-wheel-drive designs, and the durability and reliability of such systems can be a cause for concern. The rough use of vehicles having four-wheel drive systems or stretching the vehicles beyond permissible limits can create operational issues. Using the four-wheel drive system above a certain point leads to high levels of mechanical stress being exerted on the differentials and the transfer case. In winter or extremely cold conditions, the engine oil becomes more viscous and has a lower potential to provide lubrication. Hence, in four-wheel drive vehicles with multiple rear axles, regular monitoring of the engine, transmission, and differential oil becomes critical. This involves the frequent change of oil, which adds to the maintenance costs.

In addition, some essential and crucial components of a four-wheel drive system have higher chances of wearing out easily and quickly. Components such as the clutch drum, transfer case gasket, clutch pack, solenoids, and valve assembly are some of the mechanical components that wear out over time. On average, a four-wheel drive vehicle is 15%-20% less fuel-efficient than a two-wheel drive vehicle. Fuel efficiency also depends on the dimensions and weight of the vehicle as well as the fitment of the four-wheel drive system. Such factors pose a challenge to the growth of the market.

Key Automotive Four-wheel Drive Vehicle Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Automotive Four-wheel Drive Vehicle Market Share by Geography

Global Automotive Four-wheel Drive Vehicle Market Customer Landscape

Who are the Major Automotive Four-wheel Drive Vehicle Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Suzuki Motor Corp. - The company offers autonomous vehicles such as truck platooning technology under its autonomous vehicle segment. Its passenger vehicle and commercial vehicle segment focuses on the development of passenger cars, lightweight vehicles, engines, and other related software. The company also offers dealership and customer finance, leasing, banking, and insurance activities under its financial services. Additionally, it offers large-bore diesel engines, turbomachinery, and special gear units under its power engineering segment.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • BYD Electronic Co. Ltd.
  • Ford Motor Co.
  • General Motors Co
  • Honda Motor Co. Ltd.
  • Hyundai Motor Co
  • Isuzu Motors Ltd.
  • Mazda Motor Corp
  • MG Motor India Pvt. Ltd.
  • Nissan Motor Co. Ltd.
  • Renault SAS
  • Stellantis NV
  • Tata Motors Ltd.
  • Toyota Motor Corp.
  • Volkswagen AG
  • Bayerische Motoren Werke AG

A qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What are the Revenue-generating Application Segments in the Automotive Four-wheel Drive Vehicle Market?

The market share growth by the passenger cars segment will be significant during the forecast period. The car rental services industry is witnessing continuous growth globally. Vehicle rental facilities are convenient options for people who wish to undertake tours and other pleasure trips. Car rental also provides the opportunity for increased mobility without the need to worry about the costs associated with automobile ownership. Automobile rental services are offered via websites and online mobile application platforms, which also drive the growth of the passenger car segment. 

Automotive Four-wheel Drive Vehicle Market Size

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The passenger cars segment showed a gradual increase in the market share with 6435.11 thousand units in 2017 and continued to grow by 2021. The surging demand for car rentals across emerging as well as developed markets, alongside western countries, has spurred the growth of the market, thereby propelling the demand for passenger cars worldwide during the forecast period.

Which are the Key Regions for Automotive Four-wheel Drive Vehicle Market?

Automotive Four-wheel Drive Vehicle Market Share by Geography

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North America is projected to contribute 39% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The consumer preference for large and big vehicles, such as SUVs and pickup trucks, drives the market growth of automotive four-wheel drive vehicles in North America. The US, Canada, and Mexico are the major enablers of this market. Declining gasoline prices per gallon, the growing availability of easy credit, the emergence of new models, and better leasing options have further fueled the SUVs and pickup market in the North American automotive industry. Moreover, consumer preference for vehicles with high ground clearance, off-road capability, and towing capacity are some of the additional factors that drive the market for SUVs, crossovers, and pickup trucks in North America. This, in turn, boosts the growth of the automotive four-wheel drive vehicle market in the region. 

In 2020, the automotive industry was negatively impacted in North America owing to the spread of COVID-19. Therefore, governments of the nations, including the US, Canada, and Mexico, had to impose lockdowns across North America, causing a huge number of automobile manufacturing factories to shut down temporarily. That further led to a drop in the production of automotive vehicles and other auto ancillary components in North America.

However, in 2021, the successful vaccination drives conducted across the region, and the rise in investment inflows into the automotive sector led to the reopening and resumption of automotive vehicle and auto ancillary production plants in the region. As a result of these factors, the market in focus in North America is expected to grow during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by application, type, and region.

  • Application Outlook ( Thousand units, 2017 - 2027)
    • Passenger cars
    • Commercial vehicles
  • Type Outlook (Thousand units, 2017 - 2027)
    • SUVs and crossovers
    • Pickup trucks
    • Premium and luxury sedans
  • Region Outlook (Thousand units, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • APAC
      • China
      • India
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Automotive Four-wheel Drive Vehicle Market Scope

Report Coverage

Details

Page number

173

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.85%

Market growth 2023-2027

2423.33 thousand units

Market structure

Fragmented

YoY growth (%)

2.8

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 39%

Key countries

US, Canada, China, Japan, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

BYD Electronic Co. Ltd., Ford Motor Co., General Motors Co, Honda Motor Co. Ltd., Hyundai Motor Co, Isuzu Motors Ltd., Mazda Motor Corp, MG Motor India Pvt. Ltd., Nissan Motor Co. Ltd., Renault SAS, Stellantis NV, Tata Motors Ltd., Toyota Motor Corp., Volkswagen AG, Bayerische Motoren Werke AG, Mahindra & Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., and Suzuki Motor Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Four-wheel Drive Vehicle Market Report?

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive the growth of the automotive four-wheel drive vehicle market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the parent market.
  • Accurate predictions about  upcoming trends and changes in consumer behavior
  • Growth of the automotive four-wheel drive vehicle industry across North America, APAC, Europe, the Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automotive four-wheel drive vehicle market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global automotive four-wheel drive vehicle market 2017 - 2021 (thousand units)
    • 4.2 By application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – By application Segment 2017 - 2021 (thousand units)
    • 4.3 By type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – By type Segment 2017 - 2021 (thousand units)
    • 4.4 By geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – By geography Segment 2017 - 2021 (thousand units)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand units)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Passenger cars - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Passenger cars - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 35: Data Table on Passenger cars - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 36: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
    • 6.4 Commercial vehicles - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Commercial vehicles - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 39: Data Table on Commercial vehicles - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 40: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application (thousand units)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 45: Chart on Comparison by Type
      • Exhibit 46: Data Table on Comparison by Type
    • 7.3 SUVs and crossovers - Market size and forecast 2022-2027
      • Exhibit 47: Chart on SUVs and crossovers - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 48: Data Table on SUVs and crossovers - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 49: Chart on SUVs and crossovers - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on SUVs and crossovers - Year-over-year growth 2022-2027 (%)
    • 7.4 Pickup trucks - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Pickup trucks - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 52: Data Table on Pickup trucks - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 53: Chart on Pickup trucks - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Pickup trucks - Year-over-year growth 2022-2027 (%)
    • 7.5 Premium and luxury sedans - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Premium and luxury sedans - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 56: Data Table on Premium and luxury sedans - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 57: Chart on Premium and luxury sedans - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Premium and luxury sedans - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 59: Market opportunity by Type (thousand units)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Canada - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Canada - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 94: Data Table on Canada - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 95: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 97: Chart on UK - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography (thousand units)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Bayerische Motoren Werke AG
              • Exhibit 112: Bayerische Motoren Werke AG - Overview
              • Exhibit 113: Bayerische Motoren Werke AG - Business segments
              • Exhibit 114: Bayerische Motoren Werke AG - Key news
              • Exhibit 115: Bayerische Motoren Werke AG - Key offerings
              • Exhibit 116: Bayerische Motoren Werke AG - Segment focus
            • 12.4 BYD Electronic Co. Ltd.
              • Exhibit 117: BYD Electronic Co. Ltd. - Overview
              • Exhibit 118: BYD Electronic Co. Ltd. - Business segments
              • Exhibit 119: BYD Electronic Co. Ltd. - Key news
              • Exhibit 120: BYD Electronic Co. Ltd. - Key offerings
              • Exhibit 121: BYD Electronic Co. Ltd. - Segment focus
            • 12.5 Ford Motor Co.
              • Exhibit 122: Ford Motor Co. - Overview
              • Exhibit 123: Ford Motor Co. - Business segments
              • Exhibit 124: Ford Motor Co. - Key news
              • Exhibit 125: Ford Motor Co. - Key offerings
              • Exhibit 126: Ford Motor Co. - Segment focus
            • 12.6 General Motors Co
              • Exhibit 127: General Motors Co - Overview
              • Exhibit 128: General Motors Co - Business segments
              • Exhibit 129: General Motors Co - Key news
              • Exhibit 130: General Motors Co - Key offerings
              • Exhibit 131: General Motors Co - Segment focus
            • 12.7 Honda Motor Co. Ltd.
              • Exhibit 132: Honda Motor Co. Ltd. - Overview
              • Exhibit 133: Honda Motor Co. Ltd. - Business segments
              • Exhibit 134: Honda Motor Co. Ltd. - Key news
              • Exhibit 135: Honda Motor Co. Ltd. - Key offerings
              • Exhibit 136: Honda Motor Co. Ltd. - Segment focus
            • 12.8 Hyundai Motor Co
              • Exhibit 137: Hyundai Motor Co - Overview
              • Exhibit 138: Hyundai Motor Co - Business segments
              • Exhibit 139: Hyundai Motor Co - Key news
              • Exhibit 140: Hyundai Motor Co - Key offerings
              • Exhibit 141: Hyundai Motor Co - Segment focus
            • 12.9 Isuzu Motors Ltd.
              • Exhibit 142: Isuzu Motors Ltd. - Overview
              • Exhibit 143: Isuzu Motors Ltd. - Product / Service
              • Exhibit 144: Isuzu Motors Ltd. - Key offerings
            • 12.10 Mahindra and Mahindra Ltd.
              • Exhibit 145: Mahindra and Mahindra Ltd. - Overview
              • Exhibit 146: Mahindra and Mahindra Ltd. - Business segments
              • Exhibit 147: Mahindra and Mahindra Ltd. - Key news
              • Exhibit 148: Mahindra and Mahindra Ltd. - Key offerings
              • Exhibit 149: Mahindra and Mahindra Ltd. - Segment focus
            • 12.11 Mercedes Benz Group AG
              • Exhibit 150: Mercedes Benz Group AG - Overview
              • Exhibit 151: Mercedes Benz Group AG - Business segments
              • Exhibit 152: Mercedes Benz Group AG - Key offerings
              • Exhibit 153: Mercedes Benz Group AG - Segment focus
            • 12.12 MG Motor India Pvt. Ltd.
              • Exhibit 154: MG Motor India Pvt. Ltd. - Overview
              • Exhibit 155: MG Motor India Pvt. Ltd. - Product / Service
              • Exhibit 156: MG Motor India Pvt. Ltd. - Key offerings
            • 12.13 Nissan Motor Co. Ltd.
              • Exhibit 157: Nissan Motor Co. Ltd. - Overview
              • Exhibit 158: Nissan Motor Co. Ltd. - Business segments
              • Exhibit 159: Nissan Motor Co. Ltd. - Key news
              • Exhibit 160: Nissan Motor Co. Ltd. - Key offerings
              • Exhibit 161: Nissan Motor Co. Ltd. - Segment focus
            • 12.14 Renault SAS
              • Exhibit 162: Renault SAS - Overview
              • Exhibit 163: Renault SAS - Product / Service
              • Exhibit 164: Renault SAS - Key news
              • Exhibit 165: Renault SAS - Key offerings
            • 12.15 Stellantis NV
              • Exhibit 166: Stellantis NV - Overview
              • Exhibit 167: Stellantis NV - Business segments
              • Exhibit 168: Stellantis NV - Key news
              • Exhibit 169: Stellantis NV - Key offerings
              • Exhibit 170: Stellantis NV - Segment focus
            • 12.16 Toyota Motor Corp.
              • Exhibit 171: Toyota Motor Corp. - Overview
              • Exhibit 172: Toyota Motor Corp. - Business segments
              • Exhibit 173: Toyota Motor Corp. - Key news
              • Exhibit 174: Toyota Motor Corp. - Key offerings
              • Exhibit 175: Toyota Motor Corp. - Segment focus
            • 12.17 Volkswagen AG
              • Exhibit 176: Volkswagen AG - Overview
              • Exhibit 177: Volkswagen AG - Business segments
              • Exhibit 178: Volkswagen AG - Key offerings
              • Exhibit 179: Volkswagen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
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              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
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              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automotive Four-wheel Drive Vehicle market growth will increase by $2423.33 thousand units during 2023-2027.
              The automotive four-wheel drive vehicle market is expected to grow at a CAGR of 3.85% during 2023-2027.
              Technavio has segmented the automotive four-wheel drive vehicle market by application (Passenger cars, Commercial vehicles, and Premium and luxury sedans) ,type (SUVs and crossovers, Pickup trucks, Premium luxury sedans, MEA, and South America) , and geography (North America, APAC, Europe, Middle East and Africa, and South America).
              BYD Electronic Co. Ltd., Ford Motor Co., General Motors Co, Honda Motor Co. Ltd., Hyundai Motor Co, Isuzu Motors Ltd., Mazda Motor Corp, MG Motor India Pvt. Ltd., Nissan Motor Co. Ltd., Renault SAS, Stellantis NV, Tata Motors Ltd., Toyota Motor Corp., Volkswagen AG, Bayerische Motoren Werke AG, Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., Suzuki Motor Corp. are a few of the key vendors in the automotive four-wheel drive vehicle market.
              North America will register the highest growth rate of 39.2% among the other regions. Therefore, the automotive four-wheel drive vehicle market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive four-wheel drive vehicle market growth are:
              • Benefits associated with electrification of four-wheel drive components
              • Replacement of drive shaft and mechanical differentials with electric drive axles
              The automotive four-wheel drive vehicle market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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