According to the report, the global Transfer Case market is expected to exhibit a strong Compound Annual Growth Rate over the forecast period from 2019 to 2023.
Leading players in the global Transfer Case market include:
CARDONE, BorgWarner, Dorman, Magna International, Powertrain Industries, UNIVANCE, American Axle & Manufacturing, GKN and ZF Friedrichshafen.
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The market for transfer case systems is expected to grow with an increase in demand for automobile, majorly in the United States and the European region. There is an immense demand of commercial vehicles in United States. With the increase in demand of commercial vehicles there is an increase in demand for Transfer Case systems market. . With almost every major manufacturer adopting advanced technologies in order to keep pace with the leading manufacturers in the automotive industry, the market for transfer case is poised for rapid growth during the forecast period. In addition, stringent regulatory norms, especially in Europe, has fueled the growth of the market. Manufacturers of transfer cases are competing to develop fuel efficient systems without compromising on the performance of the vehicle.
Increased investment in the automotive industry across the globe provides a positive outlook to various manufacturers operating in the automotive industry. Increased sales of hybrid segment vehicles equipped with AWD, and recent penetration of AWD in premium sedans are expected to fuel the transfer case market. The stringent emission norms are also driving the market for transfer case market.
That being said, the increased investment in the automotive industry across the globe provides a positive outlook to various manufacturers operating in the automotive industry. Additionally, increased sales of hybrid segment vehicles equipped with AWD, and recent penetration of AWD in premium sedans are expected to fuel the transfer case market. The stringent emission norms are also driving the market for transfer case market.
Major demand for fuel efficient vehicles in this region coupled with heavy investment in the technological development is expected to drive the demand in the Transfer Case market in this region. The growth of the European region is also driven by the presence of major auto manufacturers which are mainly focusing meeting the increasing demand for passenger as well as commercial vehicles. Owing to all these factors, the growth of the regions is expected to grow at a rapid pace. However, high cost of Transfer Case systems is the major restraint to the growth of market.
The global market for transfer case has been witnessing significant growth in recent times. The growing production of vehicles across the globe can be attributed as a key driver for the market. Rapidly rising demand for high fuel efficiency among the customers and stringent government regulations governing the automotive industry, growing implementation of environmental regulations and increasing adoption of advanced automotive technologies such as gasoline direct injection and automatic transmission also contribute towards the high growth rate of the transfer case market
Transfer Case Market Segmentation:
On the basis of Drive Type, the market is segmented into Chain, Gear Driven.
On the basis of type, the market has been segmented as AWD, 4WD.
On the basis of vehicle type, the market has been segmented into Passenger Vehicle, Construction Equipment and Commercial Vehicle.
Transfer Case Market Regional Analysis:
Due to the presence of countries such as China and India among others, the dominance of APAC becomes evident in the global Transfer Case systems market value. Aggressive growth in the Asian automotive market is expected to boost the demand in the Transfer Case market in this region. The market has been experiencing rapid growth in the last two years owing to the rising sales of passenger cars, emerging economies, shifting of global players and technological advancements are giving a much-needed thrust to the Transfer Case systems market. Rampant rise in vehicle production in the Asia-Pacific region is also expected to be the major contributor towards the growth of the Transfer Case market.
Transfer Case Market Report Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued…
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