Global Commercial Vehicle Transfer Case Market to Reach 11.8 Million Units by 2027
Amid the COVID-19 crisis, the global market for Commercial Vehicle Transfer Case estimated at 11.4 Million Units in the year 2020, is projected to reach a revised size of 11.8 Million Units by 2027, growing at aCAGR of 0.4% over the period 2020-2027. LCV, one of the segments analyzed in the report, is projected to record 0.6% CAGR and reach 8.2 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the M&HCV segment is readjusted to a revised 0% CAGR for the next 7-year period.
The U.S. Market is Estimated at 3.1 Million Units, While China is Forecast to Grow at 1.2% CAGR
The Commercial Vehicle Transfer Case market in the U.S. is estimated at 3.1 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 2.1 Million Units by the year 2027 trailing a CAGR of 1.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.4% and 0.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately -0.2% CAGR.We bring years of research experience to this 9th edition of our report. The 180-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- American Axle & Manufacturing Inc.
- BorgWarner, Inc.
- CARDONE Industries
- Dorman Products, Inc.
- GKN Aerospace
- Magna International, Inc.
- Powertrain Industries, Inc.
- Univance Corporation
- ZF Friedrichshafen AG