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According to Technavio's research analysis, the rising popularity of intelligent AWD systems will be one of the major factors that will have a positive impact on the growth of the global commercial vehicle differential market in the coming years. Vehicle manufacturers are equipping their commercial vehicles with intelligent AWD systems since they automatically detect the terrain and accordingly alters the torque sent to wheels. The adoption of these intelligent AWD systems provides enhanced safety while driving over wet and slippery roads, lowering the risk of accidents and subsequent damages. This system gets the information regarding the terrain using sensors that track wheel steering angle, wheel speed, and yaw rate. The adoption of intelligent AWD is likely to be made mandatory for HCVs due to the driver comfort and safety they offer. This will in turn, drive the demand for advanced differential systems in the coming years fueling market growth. Our market research analysts predict that this market will witness a sale of more than 38 million units by 2021.
The development of lightweight differentials is one of the latest trends that will gain traction in the commercial vehicle differential market in the coming years. Automotive manufacturers choose lightweight components for their vehicles to decrease power loss in the drivetrain of the vehicle. OEMs are increasingly developing drivetrain components that are manufactured from thermoplastic compounds to lower the weight of the component. Moreover, drivetrain components with lightweight parts made of steel and thermoplastics will also increase the drivetrain's capacity to pull more loads and handle the higher torque and are also cost-effective for vehicle manufacturers in terms of production costs.
The commercial vehicle differential market has a few well-established vendors. The key vendors in the market are currently focusing on enhancing their customer base and are increasing their R&D investments. Moreover, they are also focusing on introducing lightweight versions of the conventional differentials to reduce the power loss. The competitive environment in the market will intensify in the coming years with improvements in technology and the introduction of government regulations based on fuel efficiency for commercial vehicles.
The leading vendors in the market are ?
The other prominent vendors in the market are American Axle & Manufacturing, Auburn Gear, Dana, JTEKT, Neapco, and POWERTRAX.
During 2016, the 4WD/AWD segment accounted for the major share of the commercial vehicle differential market. The increased utilization of aluminum or steel differentials to withstand large loads over long distances will be the major factor contributing to the growth of this industry segment in the coming years.
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market throughout the forecast period. The growth in industrialization and low fuel prices that will drive the demand for AWD and commercial vehicles, will subsequently propel the growth of the commercial vehicle differential market in this region.
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The differential is a device which separates the engine torque in two ways, allowing each and every output to spin at a different speed. The differential is found on all modern cars and trucks, and also in many all-wheel-drive (full-time four-wheel-drive) vehicles. This upcoming report on global commercial vehicle differential market offers the clients a deep-dive analysis of the automotive industry. Our research reports on the automotive industry focusses on some of the major segments like automotive components.
The upcoming market reports present trends, drivers, and challenges influencing the market and help the clients gain a better understanding of the global commercial vehicle differential market for the estimated period of 2017-2021. Furthermore, the report covers vendors like GKN, Eaton, Auburn Gear, AAM, Powertrax, Schaeffler Technologies, JTEKT Corporation, Neapco, and Dana Limited.
The upcoming report on the global commercial vehicle differential market also covers geographies like the Americas, APAC, and EMEA to help the client understand the niche markets and expand in different geographies. According to the market research analysts at Technavio, the increasing demand for commercial vehicles worldwide is pushing the growth of the automotive components.
This upcoming report on global commercial vehicle differential market not only offers deep insights into the trends, drivers, challenges but also provides an analysis of the market share and size, forecast, demand-supply variations, and market segmentation to help clients get a holistic overview of the market during the estimated period. Technavio also offers in-depth market assessments into the sectors such as automotive manufacturing.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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