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(Publishing-NewsWire.com, July 05, 2019 ) According to the latest report by IMARC Group, titled “Global Automotive Multi-Wheel Drive Market Research Report and Forecast 2019-2024”, the global automotive multi-wheel drive market size reached 15.3 Million Units in 2018. Automotive multi-wheel drive (MWD) refers to a system in which a vehicle's engine supplies equal power to all its tires. Also known as all-wheel drive (AWD), it does not require any driver intervention to activate all the wheels and constantly remains active. In this system, sensors are installed on each wheel to monitor traction, speed and several other data points. Unlike a four-wheel drive (4WD), a multi-wheel drive uses a center differential to send a variable amount of torque to each axle, the rod passing through the center of a wheel. This allows the front and rear wheels to rotate at the same speed, which improves stability and traction of the automobile.
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Global Automotive Multi-Wheel Drive Market Trends:
Automotive multi-wheel drive systems offer various advantages, such as better weight management, safety and traction; and increased control and grip under all road conditions. These features have prompted automobile companies to employ these systems in various premium and multi-utility vehicles such as sedans, wagons, crossovers and SUVs. Nowadays, several electric cars, including the Jaguar I-Pace and the Audi e-tron, also have all-wheel drive systems. Further, advancements in technology have led to the introduction of more intelligent systems which automatically change to the rear or front wheel drive based on the requirement. Moreover, leading automotive companies are introducing multi-wheel drive vehicles with latest AWD coupling equipped with an integrated electronic control unit (ECU) to provide the desired driving characteristics. For instance, BorgWarner has produced the fifth generation (GenV) all-wheel drive (AWD) technology with a compact and lightweight design. This system provides easy integration into the drivetrain and high torque accuracy for improved fuel economy. Looking forward, the market is projected to reach a volume of 21.1 Million Units by 2024, exhibiting a CAGR of 5.5% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/automotive-multi-wheel-drive-market
Market Breakup by Vehicle Type:
1. Passenger Cars
2. Light Commercial Vehicles
3. Heavy Commercial Vehicles
Based on the vehicle type, the report finds that passenger cars currently represent the leading segment. Some of the other vehicle types include light and heavy commercial vehicles.
Market Breakup by Transmission Type:
1. Manual MWD
2. Automatic MWD
The market has been categorized on the basis of the transmission type into manual and automatic MWD. Manual MWD is the leading segment, holding the largest market share.
Market Breakup by Wheel Drive Type:
On the basis of the wheel drive type, the market has been segregated into all-wheel drive (AWD) and 4-wheel drive (4WD).
Market Breakup by Region:
1. Asia Pacific
2. North America
4. Middle East and Africa
5. Latin America
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being BorgWarner Inc., Continental AG, ZF Friedrichshafen AG, JTEKT Corporation, Magna International Inc., American Axle & Manufacturing, Inc., Eaton Corporation Inc, GKN plc, Dana Incorporated, Oerlikon Group and Mitsubishi Motors Corporation.
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