Automotive Differential Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Automotive Differential Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • September 2020 •
  • 108 pages •
  • Report ID: 5968554 •
  • Format: PDF
The global automotive differential market grew at a CAGR of around 6% during 2014-2019.

An automotive differential is a gear train that enables the wheels to rotate at different speeds while turning. It splits the engine torque into two separate units, thus enabling them to multiply engine power and spin wheels at different speeds. The differential is usually present in the rear axle assembly of rear-wheel drives and consists of pinion bearings, spider and side gears, side bearings and differential case and drive gears. Open, locking, limited-slip, electronically controlled limited-slip and torque vectoring differential are the commonly used variants that are added to passenger and commercial vehicles.

Significant growth in the automotive industry is one of the key factors creating a positive outlook for the market. Furthermore, the increasing demand for commercial and heavy-duty vehicles is also providing a boost to the market growth. The differential is a crucial component in automobiles that aids in conveniently maneuvering the vehicle at curves with enhanced traction control and preventing accidents. Widespread adoption of electronically limited-slip differential (ELSD) is acting as another growth-inducing factor. It is primarily used in sports and off-road automobiles that offer improved braking systems, off-road and on-road driving experience, comfort and stability of the vehicles over slippery roads. Other factors, such as rising expenditure capacities of consumers, increasing preference for luxury and semi-utility vehicles (SUVs) and extensive research and development (R&D) activities to produce more cost-effective and efficient variants, are expected to drive the market further. Looking forward, the analyst expects the global automotive differential market to continue its moderate growth during the next five years.

Breakup by Type:
Electronic Limited-Slip Differential (ELSD)
Locking Differential
Limited-Slip Differential (LSD)
Open Differential
Torque Vectoring Differential

Breakup by Drive Type:
Front Wheel Drive (FWD)
Rear Wheel Drive (RWD)
All Wheel Drive/ Four Wheel Drive (AWD/4WD)

Breakup by Vehicle:
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
Off-highway Vehicle

Breakup by Component:
Differential Bearing
Differential Gear
Differential Case

Breakup by Vehicle Propulsion Type:
I.C. Engine Vehicle
Spark Ignition Engine based Vehicle
Compression Ignition Engine based Vehicle
Electric Vehicle
Battery Electric Vehicle
Fuel Cell Electric Vehicle
Hybrid Electric Vehicle
Hybrid Electric
Plug-in Hybrid Electric

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being American Axle & Manufacturing Inc., Borgwarner Inc., Continental AG, Dana Limited, Eaton Corporation Inc., GKN Plc (Melrose Industries), JTEKT Corporation (Toyota Motor Corporation), Linamar Corporation, PowerTrax, Schaeffler Group and ZF Friedrichshafen AG.

Key Questions Answered in This Report:
How has the global automotive differential market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global automotive differential market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the drive type?
What is the breakup of the market based on the vehicle?
What is the breakup of the market based on the component?
What is the breakup of the market based on the vehicle propulsion type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global automotive differential market and who are the key players?
What is the degree of competition in the industry?