DALLAS, May 20, 2015 /PRNewswire/ --
The report "Automotive Multi-Wheel Drive Systems Market by Vehicle Type (Passenger Car, Light & Heavy Commercial Vehicle), by System Type (Automatic and Manual) and by Geography (Asia-Oceania, Europe, North America, ROW) - Global Trends and Forecast to 2020", published by MarketsandMarkets, The global Automotive Multi-Wheel Drive Systems Market is projected to grow at a CAGR of 7.75% by from 2014 to 2020, to reach a volume of 19,045.9 thousand units by 2020.
Browse 85 market data Tables and 38 Figures spread through 220 Pages and in-depth TOC on "Automotive Multi-Wheel Drive Systems Market"
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Asia-Oceania: Growing Market for Automatic AWD Systems in Near Future:
The market for the Asia-Oceania region includes developing countries such as China, India, South Korea, and Thailand. Factors such as adaptation of safety regulations by governments and their agencies, increase in vehicle sales and safety installations per vehicle, need for vehicle fuel efficiency, and stability and control are accelerating demand for multi-wheel drive systems. Suppliers such as ZF Friedrichshafen AG (Germany), GKN Driveline (U.K.), and JTEKT Corporation (Japan) are some of the dominant players in this region that are expected to drive the demand for multi-wheel drive systems.
Europe & North America: Established Market for Automatic & Manual AWD Systems
In 2009, Europe experienced an economic downturn that affected many sectors within the region, especially the automotive industry. However, it is on the verge of complete recovery from this downturn. As a result, the automotive multi-wheel drive system market is projected to show a stable growth rate during the forecast period. Europe is a major market for multi-wheel drive systems and home to a number of automotive AWD system suppliers such as ZF Friedrichshafen AG (Germany) and Continental AG (Germany). Given the technological prowess that Europe has, new and advanced technology is well accepted in local markets with a high adoption rate.
The market in the North American region comprises of the U.S., Mexico, and Canada. Mexico is the emerging economy in this segment. U.S. and Canada are established markets in the North American region, with a healthy growth rate. The advantages provided by AWD systems are expected to positively affect its market. Suppliers such as American Axle and Manufacturing Inc. (U.S.), Borg Warner Inc. (U.S.), and Continental AG (Germany) have a major presence in North America.
The report covers the global Automotive Multi-Wheel Drive Systems Market in terms of volume ('000 units) and value ($million) across regions such as Asia-Oceania, Europe, North America, and the rest of the world (RoW). It explains qualitative and quantitative aspects of automotive multi-wheel drive systems. The report briefly explains the Automotive Multi-Wheel Drive Systems Market on the basis of region, system type, and vehicle type from 2014 to 2020.
The report also shows an overview of the technical as well as other important aspects of the automotive multi-wheel systems market. It includes analysis of value chain, Porter's Five Forces analysis, PEST analysis, and the competitive landscapes. In addition to this, 10 key players of the automotive multi-wheel drive systems industry have also been profiled.
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