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All-Wheel Drive Market Report and Forecast 2024-2032

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    Report

  • 165 Pages
  • February 2024
  • Region: Global
  • Expert Market Research
  • ID: 5944432
Global All-Wheel Drive Market Report and Forecast 2024-2032

Market Outlook

According to the report, the global all-wheel drive market reached a value of USD 40.06 billion in 2023. Aided by the consumer preference for vehicles offering enhanced traction, stability, and off-road capability, the market is projected to further grow at a CAGR of 8.1% between 2024 and 2032 to reach a value of USD 81.64 billion by 2032.

All-Wheel Drive technology distributes power to both the front and rear wheels to optimise traction and improve handling under various driving conditions. Unlike traditional two-wheel-drive systems that power either the front or rear wheels, AWD systems can dynamically allocate power where it's needed most, significantly enhancing vehicle control on slippery or uneven surfaces. This capability not only increases safety but also boosts performance, making AWD-equipped vehicles highly desirable for consumers living in regions with challenging weather conditions or those seeking improved driving dynamics.

The all-wheel drive market growth can be attributed to several key factors. Primarily, the increasing consumer awareness regarding vehicle safety and performance has elevated the demand for AWD technology. Drivers recognise the benefits of enhanced traction in preventing accidents and ensuring stability in adverse driving conditions, such as snow, rain, or off-road terrain.

Furthermore, advancements in automotive technology have made AWD systems more accessible and efficient. Modern AWD systems are lighter, more fuel-efficient, and less complex than their predecessors, making them suitable for a wide range of vehicles beyond the traditional SUV and off-road segments. Innovations such as intelligent AWD systems, which can automatically adjust the power distribution based on real-time driving conditions, have further bolstered the appeal of AWD-equipped vehicles.

Looking forward, the all-wheel drive market demand is poised for sustained growth, fuelled by ongoing technological advancements and a growing emphasis on vehicle safety and performance. The demand for AWD systems is expected to rise across various segments, including passenger cars, SUVs, and trucks, as consumers increasingly prioritise features that enhance driving dynamics and safety.

According to the all-wheel drive market analysis, the automotive industry's gradual shift towards electrification presents a unique opportunity for the expansion of AWD technology. Electric and hybrid vehicles equipped with AWD systems are set to redefine performance standards, offering a combination of efficiency, safety, and driving pleasure. As manufacturers continue to innovate and refine AWD technology, these systems will become more prevalent, further solidifying their role in the future of automotive design and engineering.

Market Segmentation

The market can be divided based on vehicle type, propulsion type, system type, application, and region.

Market Breakup by Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

Market Breakup by Propulsion Type

  • Internal Combustion Engine (ICE) Vehicle
  • Electric Vehicle
  • Hybrid Electric Vehicle

Market Breakup by System Type

  • Manual AWD
  • Automatic AWD

Market Breakup by Application

  • On-Road
  • Off-Road

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global all-wheel drive market. Some of the major players explored in the report are as follows:
  • BorgWarner Inc.
  • Toyota Motor Corporation
  • Magna International Inc.
  • Nissan Motor Co., Ltd.
  • ZF Friedrichshafen AG
  • Eaton Corporation Plc
  • American Axle & Manufacturing, Inc.
  • Dana Incorporated
  • JTEKT CORPORATION
  • Melrose Industries Plc (GKN Automotive Limited)
  • Others


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Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global All-Wheel Drive Market Analysis
8.1 Key Industry Highlights
8.2 Global All-Wheel Drive Historical Market (2018-2023)
8.3 Global All-Wheel Drive Market Forecast (2024-2032)
8.4 Global All-Wheel Drive Market by Vehicle Type
8.4.1 Passenger Cars
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Commercial Vehicles
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global All-Wheel Drive Market by Propulsion Type
8.5.1 Internal Combustion Engine (ICE) Vehicle
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Electric Vehicle
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hybrid Electric Vehicle
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global All-Wheel Drive Market by System Type
8.6.1 Manual AWD
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Automatic AWD
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global All-Wheel Drive Market by Application
8.7.1 On-Road
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Off-Road
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global All-Wheel Drive Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America All-Wheel Drive Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe All-Wheel Drive Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific All-Wheel Drive Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America All-Wheel Drive Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa All-Wheel Drive Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BorgWarner Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Toyota Motor Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Magna International Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nissan Motor Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ZF Friedrichshafen AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Eaton Corporation Plc
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 American Axle & Manufacturing, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Dana Incorporated
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 JTEKT CORPORATION
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Melrose Industries Plc (GKN Automotive Limited)
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global All-Wheel Drive Market: Key Industry Highlights, 2018 and 2032
2. Global All-Wheel Drive Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
3. Global All-Wheel Drive Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
4. Global All-Wheel Drive Historical Market: Breakup by Propulsion Type (USD Billion), 2018-2023
5. Global All-Wheel Drive Market Forecast: Breakup by Propulsion Type (USD Billion), 2024-2032
6. Global All-Wheel Drive Historical Market: Breakup by System Type (USD Billion), 2018-2023
7. Global All-Wheel Drive Market Forecast: Breakup by System Type (USD Billion), 2024-2032
8. Global All-Wheel Drive Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global All-Wheel Drive Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global All-Wheel Drive Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global All-Wheel Drive Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America All-Wheel Drive Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America All-Wheel Drive Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe All-Wheel Drive Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe All-Wheel Drive Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific All-Wheel Drive Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific All-Wheel Drive Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America All-Wheel Drive Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America All-Wheel Drive Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa All-Wheel Drive Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa All-Wheel Drive Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global All-Wheel Drive Market Structure

Companies Mentioned

  • BorgWarner Inc.
  • Toyota Motor Corporation
  • Magna International Inc.
  • Nissan Motor Co. Ltd.
  • ZF Friedrichshafen AG
  • Eaton Corporation Plc
  • American Axle & Manufacturing Inc.
  • Dana Incorporated
  • JTEKT CORPORATION
  • Melrose Industries Plc (GKN Automotive Limited)

Methodology

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Table Information