Increase in demand for ICE vehicles and off-highway equipment to upsurge the growth of the automotive differential market.
The automotive differential market is primarily driven by the increasing demand for the vehicles (PC, LCVs, HCVs). The automotive differential market is projected to grow at a CAGR of 4.27% from 2018 to 2025. From a market size of USD 22.51 billion in 2018, it is projected to reach a market size of USD 30.17 billion by 2025. Major factors driving the growth of this market include the demand for ICE and Off highway vehicles. However, a major restraint for the differential market is the increasing demand for hybrid propulsion light-duty vehicles in developed countries.
Increase in demand for SUVs and premium cars to boost the AWD/4WD drive type positively impacting the differential market.
The AWD/4WD systems are primarily used in the premium segment cars and SUVs. Improving economic conditions, increasing industrialization, and improved living standards of the consumers around the world have increased the demand for premium segment cars and SUVs. Following this demand-led growth, key OEMs have begun to focus on the development of customer-centric SUVs, compact SUVs, or MUV models. These factors would consequently influence the market for multi-wheel drive systems, which in turn would drive the demand for the automotive differential.
Electronic limited slip differential to be the fastest growing differential type of the automotive differential market.
The differentials are now getting replaced by the Electronic Limited Slip Differential (ELSD). The ELSD system provides sufficient torque to each wheel with the help of an electronic control unit. The system is useful in case of slippage, as the extra torque is transferred to the wheels with the most traction. The system offers better handling during high-speed curves and lane changes.
Asia Oceania to be the largest growing market for Automotive Differential Market
The Asia Pacific region is estimated to dominate the automotive differential market and is projected to be the fastest growing market during the forecast period. Asia Oceania is projected to lead owing to the large vehicle production compared to other regions. Asia Oceania contributed about 50–55% of the global vehicle production in 2017. As per International Organization of Motor Vehicle Manufacturers (OICA), Vehicle production in Asia Oceania grew from 45.6 million units in 2012 to 53.4 million units in 2017, at a CAGR of 3.18% over a period of 5 years. With increase in the vehicle production, the demand for the differential is projected to grow at a significant rate.
The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
- By Company Type - Tier 1 – 35 %, Tier 2 – 45% and Tier 3 – 20%
- By Designation – C level – 30%, Director level – 30%, Others – 40%
- By Region – North America - 40%, Europe – 20%, APAC – 30%, RoW – 10%
The report provides detailed profiles of the following companies:
- GKN (UK)
- Eaton (Ireland)
- American Axle (US)
- JTEKT (Japan),
- Dana (US)
- BorgWarner (US)
- Linamar (Canada)
- Schaeffler (Germany)
- ZF (Germany)
- Continental (Germany)
Research Coverage
The automotive differential market has been segmented on the basis of drive type (front wheel drive, rear wheel drive, and AWD/4WD), differential type (open differential, locking differential, limited-slip differential, electronically controlled limited-slip differential, and torque vectoring differential), aftermarket components (differential bearings, differential gears, and differential case), on highway vehicle (passenger car, light commercial vehicles, buses, and trucks), off-highway vehicle (construction & mining equipment, agriculture tractors, forklifts), hybrid vehicle (HEV and PHEV) and region (Asia Oceania, Europe, North America, and RoW).
Reasons to Buy the Report:
The report provides insights with reference to the following points:
Market Development: The report provides comprehensive information about lucrative emerging markets. The report analyzes the markets for automotive differential across regions.
Product Development/Innovation: The report offers detailed insights into R&D activities, upcoming technologies, and new product launches in the global automotive differential market.
Market Diversification: The report provides detailed information about untapped markets, investments, new products, and recent developments in the global automotive differential market.
Competitive Assessment: The report provides an in-depth assessment of strategies, products, and manufacturing capabilities of leading players in the global automotive differential market.
Aftermarket: The report covers the automotive differential aftermarket for key components at regional level.
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.3.3 Currency
1.4 Limitations
1.5 Package Size
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources for Vehicle Production
2.2.2 Key Secondary Sources for Market Sizing
2.2.3 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.5 Market Breakdown & Data Triangulation
2.6 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Automotive Differential Market
4.2 Market, By Differential Type
4.3 Market, By Drive Type
4.4 Market, By Vehicle Type
4.5 Market for Hybrid Vehicles, By Vehicle Type
4.6 Market for Hybrid Vehicles, By Differential Type
4.7 Market, By Off-Highway Vehicle Type
4.8 Automotive Differential Aftermarket, By Components
4.9 Market, By Country
4.1 Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Demand for Commercial & Heavy-Duty Vehicles
5.2.1.1.1 Increase in Demand for Light Commercial & Heavy Commercial Vehicles
5.2.1.1.2 Increased Investment in Infrastructure to Boost the Demand for Construction Equipment & Differential
5.2.1.2 Increase in Demand for Luxury and SUV Vehicles
5.2.2 Restraints
5.2.2.1 Increase in Demand for Electric Vehicles
5.2.2.2 Increase in Demand for Electric Buses and Trucks
5.2.3 Opportunities
5.2.3.1 Advancements in Technology
5.2.3.1.1 Electronic Limited Slip Differentials
5.2.4 Challenges
5.2.4.1 Developing Fail-Safe Electronic and Electrical Components
6 Automotive Differential Market, By Differential Type
6.1 Introduction
6.2 Electronic Limited-Slip Differential (ELSD)
6.3 Locking Differential
6.4 Limited-Slip Differential (LSD)
6.5 Open Differential
6.6 Torque Vectoring Differential
7 Automotive Differential Market, By Drive Type
7.1 Introduction
7.2 Front Wheel Drive (FWD)
7.3 Rear Wheel Drive (RWD)
7.4 All Wheel Drive/ Four Wheel Drive (AWD/4WD)
8 Automotive Differential Market, By Vehicle Type
8.1 Introduction
8.2 Passenger Car (PC)
8.3 Light Commercial Vehicle (LCV)
8.4 Truck
8.5 Bus
9 Automotive Differential Market, By Hybrid Type
9.1 Introduction
9.2 Hybrid Electric Vehicles (HEVS)
9.3 Plug in Hybrid Electric Vehicles (PHEVS)
10 Automotive Differential Market for Hybrid Vehicles, By Differential Type
10.1 Introduction
10.2 Electronic Limited Slip Differential (ELSD)
10.3 Locking Differential
10.4 Limited Slip Differential (LSD)
10.5 Open Differential
10.6 Torque Vectoring Differential
11 Automotive Differential Market, By Off-Highway Vehicle Type
11.1 Introduction
11.2 Agriculture Tractors
11.3 Construction & Mining Equipment
11.4 Forklift
12 Automotive Differential Aftermarket, By Component
12.1 Introduction
12.2 Differential Bearing
12.3 Differential Gear
12.4 Differential Case
13 Automotive Differential Market, By Region
13.1 Introduction
13.2 Asia Oceania
13.2.1 China
13.2.2 India
13.2.3 Japan
13.2.4 South Korea
13.2.5 Thailand
13.2.6 Rest of Asia Oceania
13.3 Europe
13.3.1 Germany
13.3.2 France
13.3.3 Russia
13.3.4 Spain
13.3.5 UK
13.3.6 Turkey
13.3.7 Rest of Europe
13.4 North America
13.4.1 Canada
13.4.2 Mexico
13.4.3 US
13.5 Rest of the World (RoW)
13.5.1 Brazil
13.5.2 Iran
13.5.3 Rest of RoW
14 Competitive Landscape
14.1 Introduction
14.2 Automotive Differential: Market Share Analysis
14.3 Competitive Situations & Trends
14.3.1 New Product Development
14.3.2 Expansion
14.3.3 Supply Contracts
14.3.4 Acquisition/Partnership/Collaboration
15 Company Profiles
15.1 GKN
15.2 Eaton
15.3 American Axle
15.4 Dana
15.5 Borgwarner
15.6 Linamar
15.7 Schaeffler
15.8 ZF
15.9 JTEKT
15.1 Continental
15.11 Additional Company Profiles
15.11.1 North America
15.11.1.1 Auburn Gear
15.11.1.2 Neapco
15.11.1.3 Magna
15.11.2 Europe
15.11.2.1 Drexler
15.11.2.2 Quaife
15.11.2.3 Xtrac
15.11.3 Asia Oceania
15.11.3.1 NSK
15.11.3.2 Bharat Gears
15.11.3.3 Cusco
15.11.4 RoW
15.11.4.1 ZEN
15.11.4.2 Kermankhodro
16 Appendix
16.1 Key Industry Insights
16.2 Discussion Guide
16.3 Knowledge Store: Subscription Portal
16.4 Available Customizations
16.4.1 Automotive Differential Market, By Drive Type (Country Level)
16.4.1.1 FWD
16.4.1.2 RWD
16.4.1.3 AWD/4WD
16.4.2 Hybrid Vehicle Differential Market, By Differential Type
16.4.2.1 Electronic Limited-Slip Differential (ELSD)
16.4.2.2 Locking Differential
16.4.2.3 Limited-Slip Differential (LSD)
16.4.2.4 Open Differential
16.4.2.5 Torque Vectoring Differential
16.5 Related Reports
16.6 Author Details
List of Tables (122 Tables)
Table 1 Currency Exchange Rates (W.R.T. USD)
Table 2 List of Assumptions Considered
Table 3 Automotive Differential Market: Market Dynamics Impact
Table 4 Global Airport Construction Projects, By Country
Table 5 Key OEMS & their SUVs With AWD & 4WD Systems
Table 6 Government Incentives for Electric Vehicles, By Country
Table 7 Market, By Differential Type, 2016–2025 (‘000 Units)
Table 8 Market, By Differential Type, 2016–2025 (USD Million)
Table 9 ELSD: Market, By Region, 2016–2025 (‘000 Units)
Table 10 ELSD: Market, By Region, 2016–2025 (USD Million)
Table 11 Locking Differential: Market, By Region, 2016–2025 (‘000 Units)
Table 12 Locking Differential: Market, By Region, 2016–2025 (USD Million)
Table 13 LSD: Market, By Region, 2016–2025 (‘000 Units)
Table 14 LSD: Market, By Region, 2016–2025 (USD Million)
Table 15 Open Differential: Market, By Region, 2016–2025 (‘000 Units)
Table 16 Open Differential: Market, By Region, 2016–2025 (USD Million)
Table 17 Torque Vectoring Differential: Market, By Region, 2016–2025 (‘000 Units)
Table 18 Torque Vectoring Differential: Market, By Region, 2016–2025 (USD Million)
Table 19 Automotive Differential Market, By Drive Type, 2016–2025 (‘000 Units)
Table 20 Market, By Drive Type, 2016–2025 (USD Million)
Table 21 FWD: Market, By Region, 2016–2025 (‘000 Units)
Table 22 FWD: Market, By Region, 2016–2025 (USD Million)
Table 23 RWD: Market, By Region, 2016–2025 (‘000 Units)
Table 24 RWD: Market, By Region, 2016–2025 (USD Million)
Table 25 AWD/4WD: Market, By Region, 2016–2025 (‘000 Units)
Table 26 AWD/4WD: Market, By Region, 2016–2025 (USD Million)
Table 27 Automotive Differential Market, By Vehicle Type, 2016–2025 (‘000 Units)
Table 28 Market, By Vehicle Type, 2016–2025 (USD Million)
Table 29 PC: Market, By Region, 2016–2025 (‘000 Units)
Table 30 PC: Market, By Region, 2016–2025 (USD Million)
Table 31 LCV: Market, By Region, 2016–2025 (‘000 Units)
Table 32 LCV: Market, By Region, 2016–2025 (USD Million)
Table 33 Truck: Market, By Region, 2016–2025 (‘000 Units)
Table 34 Truck: Market, By Region, 2016–2025 (USD Million)
Table 35 Bus: Market, By Region, 2016–2025 (‘000 Units)
Table 36 Bus: Market, By Region, 2016–2025 (USD Million)
Table 37 Automotive Differential Market, By Hybrid Vehicle Type, 2016–2025 (‘000 Units)
Table 38 Market, By Hybrid Vehicle Type, 2016–2025 (USD Million)
Table 39 HEVs: Market, By Region, 2016–2025 (‘000 Units)
Table 40 Hevs: Market, By Region, 2016–2025 (USD Million)
Table 41 PHEVS: Market, By Region, 2016–2025 (‘000 Units)
Table 42 PHEVS: Market, By Region, 2016–2025 (USD Million)
Table 43 Market for Hybrid Vehicles, By Differential Type, 2016–2025 (‘000 Units)
Table 44 Market for Hybrid Vehicles, By Differential Type, 2016–2025 (USD Million)
Table 45 ELSD: Market for Hybrid Vehicles, By Region, 2016–2025 (‘000 Units)
Table 46 ELSD: Market for Hybrid Vehicles, By Region, 2016–2025 (USD Million)
Table 47 Locking Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (‘000 Units)
Table 48 Locking Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (USD Million)
Table 49 LSD: Market for Hybrid Vehicles, By Region, 2016–2025 (‘000 Units)
Table 50 LSD: Market for Hybrid Vehicles, By Region, 2016–2025 (USD Million)
Table 51 Open Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (‘000 Units)
Table 52 Open Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (USD Million)
Table 53 Torque Vectoring Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (‘000 Units)
Table 54 Torque Vectoring Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (USD Million)
Table 55 Automotive Differential Market, By Off-Highway Vehicle Type, 2016–2025 ('000 Units)
Table 56 Market, By Off-Highway Vehicle Type, 2016–2025 (USD Million)
Table 57 Agriculture Tractors: Market, By Region, 2016–2025 ('000 Units)
Table 58 Agriculture Tractors: Market, By Region, 2016–2025 (USD Million)
Table 59 Construction & Mining Equipment: Market, By Region, 2016–2025 ('000 Units)
Table 60 Construction & Mining Equipment: Market, By Region, 2016–2025 (USD Million)
Table 61 Forklift: Market, By Region, 2016–2025 ('000 Units)
Table 62 Forklift: Market, By Region, 2016–2025 (USD Million)
Table 63 Automotive Differential Aftermarket, By Component, 2016–2025 (Million Units)
Table 64 Automotive Differential Aftermarket, By Component, 2016–2025 (USD Million)
Table 65 Differential Bearing: Automotive Differential Aftermarket, By Region, 2016–2025 (Million Units)
Table 66 Differential Bearing: Automotive Differential Aftermarket, By Region, 2016–2025 (USD Million)
Table 67 Differential Gear: Automotive Differential Aftermarket, By Region, 2016–2025 (Million Units)
Table 68 Differential Gear: Automotive Differential Aftermarket, By Region, 2016–2025 (USD Million)
Table 69 Differential Case: Automotive Differential Aftermarket, By Region, 2016–2025 (Million Units)
Table 70 Differential Case: Automotive Differential Aftermarket, By Region, 2016–2025 (USD Million)
Table 71 Automotive Differential Market, By Region, 2016–2025 (‘000 Units)
Table 72 Market, By Region, 2016–2025 (USD Million)
Table 73 Asia Oceania: Market, By Country, 2016–2025 (‘000 Units)
Table 74 Asia Oceania: Market, By Country, 2016–2025 (USD Million)
Table 75 China: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 76 China: Market, By Differential Type, 2016–2025 (USD Million)
Table 77 India: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 78 India: Market, By Differential Type, 2016–2025 (USD Million)
Table 79 Japan: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 80 Japan: Market, By Differential Type, 2016–2025 (USD Million)
Table 81 South Korea: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 82 South Korea: Market, By Differential Type, 2016–2025 (USD Million)
Table 83 Thailand: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 84 Thailand: Market, By Differential Type, 2016–2025 (USD Million)
Table 85 Rest of Asia Oceania: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 86 Rest of Asia Oceania: Market, By Differential Type, 2016–2025 (USD Million)
Table 87 Europe: Market, By Country, 2016–2025 (‘000 Units)
Table 88 Europe: Market, By Country, 2016–2025 (USD Million)
Table 89 Germany: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 90 Germany: Market, By Differential Type, 2016–2025 (USD Million)
Table 91 France: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 92 France: Market, By Differential Type, 2016–2025 (USD Million)
Table 93 Russia: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 94 Russia: Market, By Differential Type, 2016–2025 (USD Million)
Table 95 Spain: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 96 Spain: Market, By Differential Type, 2016–2025 (USD Million)
Table 97 UK: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 98 UK: Market, By Differential Type, 2016–2025 (USD Million)
Table 99 Turkey: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 100 Turkey: Market, By Differential Type, 2016–2025 (USD Million)
Table 101 Rest of Europe: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 102 Rest of Europe: Market, By Differential Type, 2016–2025 (USD Million)
Table 103 North America: Market, By Country, 2016–2025 (‘000 Units)
Table 104 North America: Market, By Country, 2016–2025 (USD Million)
Table 105 Canada: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 106 Canada:Market, By Differential Type, 2016–2025 (USD Million)
Table 107 Mexico: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 108 Mexico: Market, By Differential Type, 2016–2025 (USD Million)
Table 109 US: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 110 US: Market, By Differential Type, 2016–2025 (USD Million)
Table 111 RoW: Market, By Country, 2016–2025 (‘000 Units)
Table 112 RoW: Market, By Country, 2016–2025 (USD Million)
Table 113 Brazil: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 114 Brazil: Market, By Differential Type, 2016–2025 (USD Million)
Table 115 Iran: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 116 Iran: Market, By Differential Type, 2016–2025 (USD Million)
Table 117 Rest of RoW: Market, By Differential Type, 2016–2025 (‘000 Units)
Table 118 Rest of RoW: Market, By Differential Type, 2016–2025 (USD Million)
Table 119 New Product Development
Table 120 Expansion
Table 121 Supply Contracts
Table 122 Acquisition/Partnership/Collaboration
List of Figures (53 Figures)
Figure 1 Automotive Differential Market Segmentation
Figure 2 Research Design – Automotive Differential Market
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Automotive Differential Market: Bottom-Up Approach
Figure 6 Automotive Differential Market: Market Outlook
Figure 7 Automotive Differential Market, By Region, 2018 vs. 2025 (USD Billion)
Figure 8 Increase in Demand for Commercial Vehicles to Drive the Automotive Differential Market
Figure 9 Open Differential Type to Hold the Largest Market Share By 2025 (USD Million)
Figure 10 AWD/4WD Segment to Hold the Largest Market Share By 2025 (USD Million)
Figure 11 Passenger Car Segment to Be the Largest Market During the Forecast Period (USD Million)
Figure 12 HEV is Expected to Be the Largest Segment in the Hybrid Vehicle Differential Market, 2018 vs. 2025 (USD Million)
Figure 13 Open Differential is Expected to Be the Largest Segment in the Hybrid Vehicle Differential Market, 2018 vs. 2025 (USD Million)
Figure 14 Agriculture Tractors Segment to Be the Largest Market During the Forecast Period (USD Million)
Figure 15 Differential Case to Be the Largest Market During the Forecast Period (USD Million)
Figure 16 China is Estimated to Be the Largest Market in 2018 (USD Million)
Figure 17 Asia Oceania is Expected to Hold the Largest Market Share in the Automotive Differential Market, 2018 (By Value)
Figure 18 Automotive Differential Market: Market Dynamics
Figure 19 Commercial Vehicles Production: Diesel Penetration, 2017
Figure 20 LCV: Drivetrain Installation Rate, 2014–2021
Figure 21 HCV: Production Share, By Bus and Truck, 2016–2025
Figure 22 HCV: Drivetrain Installation Rate, 2014–2021
Figure 23 Construction Equipment Sales, 2016–2025 (‘000 Units)
Figure 24 SUV Sales, By Vehicle Segment, 2012–2017 (‘000 Units)
Figure 25 Electric & Hybrid Vehicle Sales, 2012–2017 (‘000 Units)
Figure 26 Automotive Differential Market, By Differential Type, 2016–2025 (USD Million)
Figure 27 Automotive Differential Market, By Drive Type, 2018 vs. 2025 (USD Million)
Figure 28 Automotive Differential Market, By Vehicle Type, 2016–2025 (USD Million)
Figure 29 Automotive Differential Market, By Hybrid Type, 2016–2025 (USD Million)
Figure 30 Automotive Differential Market for Hybrid Vehicles, By Differential Type, 2016–2025 (USD Million)
Figure 31 Automotive Differential Market, By Off-Highway Vehicle Type, 2018 vs. 2025 (USD Million)
Figure 32 Automotive Differential Aftermarket, By Component, 2018 vs. 2025 (USD Million)
Figure 33 Automotive Differential Market, By Country, 2018 (USD Million)
Figure 34 Automotive Differential Market, By Region, 2018 (Value)
Figure 35 Asia Oceania: Automotive Differential Market Snapshot
Figure 36 Europe: Automotive Differential Market Snapshot
Figure 37 Automotive Differential Market: Key Developments By Leading Players
Figure 38 Automotive Differential Market Share, 2017
Figure 39 GKN: Company Snapshot
Figure 40 GKN: SWOT Analysis
Figure 41 Eaton: Company Snapshot
Figure 42 Eaton: SWOT Analysis
Figure 43 American Axle: Company Snapshot
Figure 44 American Axle: SWOT Analysis
Figure 45 Dana: Company Snapshot
Figure 46 Dana: SWOT Analysis
Figure 47 Borgwarner: Company Snapshot
Figure 48 Borgwarner: SWOT Analysis
Figure 49 Linamar: Company Snapshot
Figure 50 Schaeffler: Company Snapshot
Figure 51 ZF: Company Snapshot
Figure 52 JTEKT: Company Snapshot
Figure 53 Continental: Company Snapshot
- American Axle
- Auburn Gear
- Bharat Gears
- Borgwarner
- Continental
- Cusco
- Dana
- Drexler
- Eaton
- GKN
- JTEKT
- Kermankhodro
- Linamar
- Magna
- Neapco
- NSK
- Quaife
- Schaeffler
- Xtrac
- ZEN
- ZF
