Overview of the global commercial vehicle transfer case market
Market research analysts at Technavio predict that the global commercial vehicle transfer case market will grow approximately around 12 million units by 2021. The increasing growth of e-commerce industry and rise in delivery services is identified as one of the primary growth factors for this market. The rising popularity of the e-commerce industry and increasing volumes of online delivery orders has resulted in the growth of delivery and courier services over the years. This increase in the number of courier service vendors and rising number of delivery orders are driving delivery vendors to expand their fleet of commercial vehicles. Moreover, with the rise in the number of e-commerce companies, the increasing number of brick-and-mortar stores taking up online operations are also expected to drive the sales of commercial vehicles. Countries like China, India, and Europe are the main drivers for the e-commerce industry. Furthermore, the increase in the growth of e-commerce also signifies the rising acceptance of online shopping websites among the customers. This will lead to increased demand for efficient delivery services and subsequently drive the market for commercial vehicles during the forecast period.
One of the latest trends that will gain traction in the global commercial vehicle transfer case market is the rise in the usage of electronic sensors in transfer cases. The demand for efficient engines is driving the adoption rates of electronic components in engines of commercial vehicles. Electronic sensors are gradually replacing mechanical parts within an automobile. Popular companies such as GM has introduced electronic on-the-fly transfer cases. For instance, MP 1625, MP 3024, MP 3023, and MP 1626 transfer cases have automated functions for electronically transferring between operational modes.
Competitive landscape and key vendors
The commercial vehicle transfer case market is moderately competitive and consists of a limited number of well-established vendors. The key vendors in the market are presently increasing their customer base and rising their investments in R&D activities. Moreover, the competitive environment in the market will increase with the advancements in technology and government regulations.
The leading vendors in the market are -
American Axle & Manufacturing
The other prominent vendors in the market are CARDONE, BorgWarner, Dorman, Magna International, Powertrain Industries, and UNIVANCE.
Segmentation by application and analysis of the commercial vehicle transfer case market
During 2016, the LCVs segment accounted for the major shares of the commercial vehicle transfer case market. Factors such as growth in construction and inter-city activities involving transportation of individuals and materials will contribute to the growth of this industry segment in the coming years. Moreover, the rise in infrastructure development activities in many countries will lead construction companies to purchase more LCVs and subsequently expand the market for transfer cases.
Geographical segmentation and analysis of the commercial vehicle transfer case market
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the commercial vehicle transfer case market throughout the forecast period. The rise in the number of manufacturing operations being undertaken within the country is expected to increase the demand for commercial vehicles that in turn will drive the market for commercial transfer case in the Americas.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global commercial vehicle transfer case market?
What are the key market trends impacting the growth of the global commercial vehicle transfer case market?
What are the challenges to market growth?
Who are the key vendors in the global commercial vehicle transfer case market?
What are the market opportunities and threats faced by the vendors in the global commercial vehicle transfer case market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global commercial vehicle transfer case market?
Technavio also offers customization on reports based on specific client requirement
This upcoming research report on the global commercial vehicle transfer case market offers insights into the key trends and emerging drivers influencing the growth of the automotive industry. Our market research reports for the automotive also industry follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like automotive components.
By considering the market forecast and size, surging demand for various automotive services, the market research experts at Technavio offer an all-inclusive picture of the commercial vehicle transfer case market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients devise effective growth strategies and compete with the continually changing market landscape. This market study also offers an extensive analysis of various automotive components based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the commercial vehicle transfer case market also covers vendors like Magna International Inc., American Axle & Manufacturing Inc., BorgWarner Inc., Hyundai Dymos Inc., and Linamar Corporation.
This upcoming industry report on the commercial vehicle transfer case market also considers the growth of the related markets such as the fuel filter market, which is expected to project an impressive CAGR of above 4% during the forecasted period. According to our market research analyst, the growth of the global standard 4WD vehicle market is expected to impact the commercial vehicle transfer case market over the next few years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this industry report on the commercial vehicle transfer case market also covers geographies like the Americas, APAC, and EMEA.
The forthcoming industry research report on the commercial vehicle transfer case market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the automotive components sector currently experiences. It also presents insights into the dynamically changing competitive scenario to give clients a complete view of the industry. Technavio also provides in-depth market assessments into the sectors such as automotive electronics and automotive accessories.
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