The transfer case market is estimated to grow from USD 9.79 Billion in 2017 to USD 20.33 Billion by 2025, at a CAGR of 9.56% during the forecast period.
The key factors driving the transfer case market are the increasing demand for safety and traction in extreme weather or surface conditions and need for easy maneuverability. A steady increase in the use of AWD and 4WD in SUVs and premium sedans has fuelled the growth of the transfer case market. Other growth drivers include the increasing sales of hybrid electric vehicles owing to the improving infrastructure.
The PHEV segment is estimated to be the fastest growing transfer case market, by hybrid vehicle type. Asia Pacific is estimated to be the largest transfer case market for HEVs and PHEVs. Strict emission norms, rapid development of charging infrastructure, and government incentives have helped to increase the sales of HEVs and PHEVs in the region.
The sales of HEVs and PHEVs in Asia Pacific increased by 19% and 36%, respectively from 2015 to 2016. Several OEMs are using a transfer case in HEV and PHEV vehicle segments to differentiate themselves from their competitors. Various governments have also taken initiatives to increase the sales of HEVs and PHEVs. For instance, the French government announced subsidies on the purchase of PHEV and HEV vehicles. Thus, the transfer case market for PHEVs and HEVs is expected to grow considerably.
The chain driven transfer case is estimated to be the fastest growing segment of the transfer case market. Chain driven transfer cases have replaced gear driven transfer cases as they are lighter in weight and offer quiet operation and smooth transmission. However, gear driven transfer cases are used in construction equipment, farm tractors, and on-road heavy commercial vehicles such as garbage truck and military trucks.
Some of the key manufacturers operating in the market are BorgWarner (US), Magna (Canada), GKN (UK), ZF (Germany), Aisin Seiki (Japan), Dana (US), American Axle & Manufacturing (US), JTEKT (Japan), Schaeffler (Germany), and Meritor (US).
Key Topics Covered:
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.3.1 Years Considered for the Study 1.4 Currency 1.5 Package Size 1.6 Limitations 1.7 Stakeholders
2 Research Methodology 2.1 Research Data 2.1.1 Secondary Data 126.96.36.199 Key Secondary Sources 188.8.131.52 Key Data from Secondary Sources 2.1.2 Primary Data 2.2 Factor Analysis 2.2.1 Demand-Side Analysis 2.2.2 Supply-Side Analysis 2.3 Market Breakdown & Data Triangulation 2.4 Market Size Estimation 2.4.1 Bottom-Up Approach 2.5 Research Assumptions
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Transfer Case Market 4.2 Transfer Case Market By On- & Off-Highway Ice Vehicles & Hybrid Vehicles 4.3 Transfer Case Market, By 4Wd Type 4.4 Transfer Case Market, By Drive Type 4.5 Transfer Case Market, By Shift Type 4.6 Transfer Case Market, By Off-Highway Vehicle Type 4.7 Transfer Case Market for Hev & Phev 4.8 Transfer Case Market, By Vehicle Type 4.9 Transfer Case Market Share, By Region 4.10 Transfer Case: Supplier Analysis 4.10.1 Key Suppliers & Clients in America 4.10.2 Key Suppliers & Clients in Europe 4.10.3 Key Suppliers & Clients in Asia Pacific
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 184.108.40.206 Increasing Sales of Suv And Premium Sedans to Fuel the Market Demand for Transfer Cases 220.127.116.11 Increasing Demand for Safety, Traction in Extreme Weather/Surface Conditions, And Towing Capabilities for Suvs/Light Trucks 5.2.2 Restraints 18.104.22.168 Increasing Demand for Battery Electric Vehicles 5.2.3 Opportunities 22.214.171.124 Growing Demand for Lightweight Transfer Cases 126.96.36.199 Increasing Sales of Hevs & Phevs 5.2.4 Challenges 188.8.131.52 High Adoption & Maintenance Cost of Vehicles Equipped With Awd 184.108.40.206 High Power Loss By the Application of Transfer Cases 5.3 Macro Indicators Analysis 5.3.1 Introduction 5.3.2 Macro Indicators Influencing the Hybrid System Market for Top 3 Countries
6 Transfer Case Market, By Four-Wheel Drive Type Note - the Chapter is Further Segmented at Regional Level And Regions Considered Are Asia Pacific, Europe, North America, And Row 6.1 Introduction 6.2 All-Wheel Drive (Awd) 6.3 Four-Wheel Drive (4Wd)
7 Transfer Case Market, By Drive Type 7.1 Introduction 7.2 Chain Driven 7.3 Gear Driven
8 Transfer Case Market, By Shift Type 8.1 Introduction 8.2 Electronic Shift On the Fly 8.3 Manual Shift On the Fly
9 Transfer Case Market, By Off-Highway Vehicles 9.1 Introduction 9.2 Farm Tractors 9.3 Construction Equipment
10 Transfer Case Market, By Hev & Phev 10.1 Introduction 10.2 Hybrid Electric Vehicle (Hev) 10.3 Plug-In Electric Vehicle (Phev)
11 Transfer Case Market Analysis, By Vehicle Type 11.1 Introduction 11.2 Passenger Cars 11.3 Light Commercial Vehicles 11.4 Heavy Commercial Vehicles