Global All Wheel Drive (AWD) Electric Vehicle Market 2018-2022

Overview of the all wheel drive electric vehicle market

The increasing use of AWD in increasing the mileage of HEVs is impacting the market growth positively. AWD has become standard in most ICE-based crossovers to increase stability and handling for off-roading. Manufacturers of hybrid crossovers leverage the electrification to add AWD with the addition of a motor. The addition of motor allows these HEVs to achieve quick acceleration and sportier performance. This will further drive the market growth throughout the forecast period. Technavio’s market research analysis identifies the ability of AWD to increase the mileage of HEVs as one of the primary driving factors for the growth of this market during the next few years. Our market research analysts predict that in terms of units, the all wheel drive (AWD) electric vehicle market will grow at a CAGR of about 33% by 2022.

The continuous development of 3 motor-based AWD system for EVs is gaining traction in the market. Most of the AWD system used in EVs are based on two motors to power set of wheels. The objective of the AWD system in EV is to boost acceleration and provide traction on the varying terrains. Honda Motor launched AWD technology in their sport hybrid variants of Acura MDX and Acura RLX. This AWD system is based on 3-motor system that significantly improves acceleration, increases fuel efficiency, and enhanced handling of the vehicle. Such advantages of the development of 3 motor-based AWD will contribute to the growth of all wheel drive electric vehicle market size during the forecast period.

Companies covered

The all wheel drive (AWD) electric vehicle market is characterized by the presence of both international and regional players. With the development of 3 motor-based AWD system for EVs, the players of the AWD hybrid cars market are increasingly focused on expanding their product portfolio across the globe. To help clients make the most of the increasing all wheel drive electric vehicle market size, this report offers information about the market’s competitive landscape and provides details on the upcoming trends and challenges which will influence the growth of this market during the forecast period.

This research report provides an analysis of various companies in the global all wheel drive (AWD) electric vehicle market including

• Honda Motor
• NISSAN MOTOR
• Porsche
• Tesla
• Toyota Motor
• Volvo Car

Segmentation by product and analysis of the all wheel drive electric vehicle market

• AWD HEVs
• AWD fully electric vehicles

AWD HEVs accounted for the largest share of the market in 2017 and is expected to continue its dominance in the AWD electric cars market throughout the forecast period.

Segmentation by geography and analysis of the all wheel drive electric vehicle market

• Americas
• APAC
• EMEA

The Americas accounted for the largest all wheel drive (AWD) electric vehicle market share in 2017. According to this market research report, the market will witness steady growth in this region, and the Americas will contribute to the maximum growth of the all wheel drive electric vehicle market size throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global all wheel drive electric vehicle market?
• What are the key market trends impacting the growth of the global all wheel drive (AWD) electric vehicle market?
• What are the challenges to market growth?
• Who are the key vendors in the global all wheel drive (AWD) electric vehicle market?
• What are the market opportunities and threats faced by the vendors in the global all wheel drive (AWD) electric vehicle market?
• What are the trending factors influencing the market share of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global all wheel drive (AWD) electric vehicle market?

Technavio also offers customization on reports based on specific client requirement.