Global Automotive Transfer Case Market: Introduction
A transfer case is employed in multiple powered axle vehicles, four wheel drives and all-wheel drives to transmit power from the power transmission system to the front and rear axles of a vehicle. The transmission takes place by the means of a gear, hydraulics or chain drive. Primarily, a transfer case is used to synchronize the rotation between the front and rear axles since the axles function at different speeds owing to the difference in tire diameters. An automotive transfer case can operate in two modes, namely, two wheel drive and four wheel drive. This feature is interchangeable in heavy trucks and off road vehicles for the driver. However, in other vehicle types such as sports cars the feature is permanently locked to ‘four wheel drive’ mode and is not selectable by the driver. In some vehicles the transfer case is operated with the help of a shifter, while in other vehicles it is electrically operated by means of a switch.
Increasing automotive production, combined with rising fuel efficiency standards are the key factors driving growth in the global automotive transfer case market. Moreover, the need for high strength in off-road vehicles to increase the overall efficiency during harsh conditions is expected to generate revenue in the global automotive transfer case market.
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Global Automotive Transfer Case Market: Segmentation
The global automotive transfer case market is segmented on the basis of drive type, housing type, shift type, vehicle type, sales channel and region.
On the basis of drive type, the global automotive transfer case market can be segmented into gear-driven and chain-driven. The gear-driven segment is expected to register the highest growth rate, primarily due to its increasing adoption in the production of passenger vehicles. However, the chain-driven segment is primarily driven by off-road and heavy commercial vehicles due to the increased strength it offers.
On the basis of housing type, the global automotive transfer case market can be segmented into married and divorced/ independent.
Based on shift type, the global automotive transfer case market can be segment into MSOF (Manual Shift on the fly) transfer case and ESOF (Electronic shift on the fly) transfer case.
On the basis of vehicle type, the global automotive transfer case market can be segmented into passenger vehicles, LCVs (low commercial vehicles), HCVs (heavy commercial vehicles), buses & trucks and off-road vehicles.
Based on sales channel, the global automotive transfer case market is segmented into OEMs and after-market sales. After-market sales is primarily driven by the off-road driving enthusiast. It has been observed that majority of off-road vehicle drivers modify their vehicles to use gear-driven transfer cases to gain additional strength at the cost of extra weight and noise.
Global Automotive Transfer Case Market: Regional Outlook
Asia pacific is expected to hold the largest market share over the forecast period, primarily due to rising automobile production in the region. Second to Asia Pacific, Europe is expected to take the lead in terms of market share in the global automotive transfer case market.
Global Automotive Transfer Case Market: Competition Landscape
Examples of some industry participants identified in the global automotive transfer case market are Magna International Inc., GKN plc, BorgWarner Inc., American Axle & Manufacturing Inc., Meritor Heavy Vehicle Systems LLC, Marmon Group, Hyundai Dymos Inc., Fabco Automotive Corporation And Univance Corporation. OEMs forming strategic alliances with major automotive vehicle manufacturers to increase their market penetration is a key trend identified across the market. Frequent product development to aid vehicle manufacturers in achieving stringent fuel efficiency standards is identified as a key factor to hold long term contracts in the competitive environment.
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Global Digital Payment And Security Market to Grow at Steady Pace, Driven By Surge in Online Orders during COVID-19 Pandemic Lockdown, Says PMR
Report Highlights:
A transfer case is employed in multiple powered axle vehicles, four wheel drives and all-wheel drives to transmit power from the power transmission system to the front and rear axles of a vehicle. The transmission takes place by the means of a gear, hydraulics or chain drive. Primarily, a transfer case is used to synchronize the rotation between the front and rear axles since the axles function at different speeds owing to the difference in tire diameters. An automotive transfer case can operate in two modes, namely, two wheel drive and four wheel drive. This feature is interchangeable in heavy trucks and off road vehicles for the driver. However, in other vehicle types such as sports cars the feature is permanently locked to ‘four wheel drive’ mode and is not selectable by the driver. In some vehicles the transfer case is operated with the help of a shifter, while in other vehicles it is electrically operated by means of a switch.
Increasing automotive production, combined with rising fuel efficiency standards are the key factors driving growth in the global automotive transfer case market. Moreover, the need for high strength in off-road vehicles to increase the overall efficiency during harsh conditions is expected to generate revenue in the global automotive transfer case market.
For detailed insights on enhancing your product footprint, request for a Sample here @ https://www.persistencemarketresearch.com/samples/13078
Global Automotive Transfer Case Market: Segmentation
The global automotive transfer case market is segmented on the basis of drive type, housing type, shift type, vehicle type, sales channel and region.
On the basis of drive type, the global automotive transfer case market can be segmented into gear-driven and chain-driven. The gear-driven segment is expected to register the highest growth rate, primarily due to its increasing adoption in the production of passenger vehicles. However, the chain-driven segment is primarily driven by off-road and heavy commercial vehicles due to the increased strength it offers.
On the basis of housing type, the global automotive transfer case market can be segmented into married and divorced/ independent.
Based on shift type, the global automotive transfer case market can be segment into MSOF (Manual Shift on the fly) transfer case and ESOF (Electronic shift on the fly) transfer case.
On the basis of vehicle type, the global automotive transfer case market can be segmented into passenger vehicles, LCVs (low commercial vehicles), HCVs (heavy commercial vehicles), buses & trucks and off-road vehicles.
Based on sales channel, the global automotive transfer case market is segmented into OEMs and after-market sales. After-market sales is primarily driven by the off-road driving enthusiast. It has been observed that majority of off-road vehicle drivers modify their vehicles to use gear-driven transfer cases to gain additional strength at the cost of extra weight and noise.
Global Automotive Transfer Case Market: Regional Outlook
Asia pacific is expected to hold the largest market share over the forecast period, primarily due to rising automobile production in the region. Second to Asia Pacific, Europe is expected to take the lead in terms of market share in the global automotive transfer case market.
Global Automotive Transfer Case Market: Competition Landscape
Examples of some industry participants identified in the global automotive transfer case market are Magna International Inc., GKN plc, BorgWarner Inc., American Axle & Manufacturing Inc., Meritor Heavy Vehicle Systems LLC, Marmon Group, Hyundai Dymos Inc., Fabco Automotive Corporation And Univance Corporation. OEMs forming strategic alliances with major automotive vehicle manufacturers to increase their market penetration is a key trend identified across the market. Frequent product development to aid vehicle manufacturers in achieving stringent fuel efficiency standards is identified as a key factor to hold long term contracts in the competitive environment.
For in-depth competitive analysis, Check Pre-Book here @ https://www.persistencemarketresearch.com/checkout/13078
Reasons to Purchase this Report:
Accuracy and Quality
Our reports strive to offer superior quality reports based on authentic and accurate findings.
Customer Satisfaction
We aim to ensure that our client’s research needs are met with customized, top-of-the-line solutions.
Unmatched Expertise
Our analysts and consultants are among the best in their field and promise to deliver excellent market intelligence.
360-degree Analysis
We leave no stone unturned to give clients an exhaustive coverage of the industry.
Global Digital Payment And Security Market to Grow at Steady Pace, Driven By Surge in Online Orders during COVID-19 Pandemic Lockdown, Says PMR
Report Highlights:
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size Recent industry trends
- Key Competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
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