Global Automotive Differential Upgrades & Components Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Increased government focus on charging networks will be needed to support the expanding EV fleet

• With the advent of electric vehicles (EVs) and hybrid vehicles, the global automotive differential upgrades and components market must adapt to a changing landscape. Electric vehicles often have single-speed gearboxes and do not require traditional differential systems. Manufacturers of differential modifications and components will need to seek new prospects and technology to cater to the growing market as EV use grows.

Market Segmentations

• The Global Automotive Differential Upgrades & Components Market is segmented based on Component, Type, Drive, Vehicle, Propulsion, and Geography.
• By Component, the market is classified into Differential Bearing, Differential Gear, and Differential Case.
• The Differential Bearing segment will have the most significant market share. This is because differential bearings are critical to the proper operation of the differential system as a whole. Differential Bearings' primary role is to support the differential system and allow torque to be transmitted from the engine to the wheels. Bearings must endure the high stress and torque created in the differential system, making them an essential component.
• By Type, the market is classified into Electronic Limited Slip Differential (ELSD), Locking Differential, Limited Slip Differential (LSD), Open Differential, and Torque Vectoring Differential.
• The Open Differential will have the most significant market share. An open differential is the most basic type, allowing each wheel to rotate at a separate speed when driving and thus suited for a wide range of applications and surface conditions.
• By Drive, the market is classified into Front Wheel Drive (FWD), Rare Wheel Drive (RWD), and All-Wheel Drive/Four Wheel Drive (AWD/4WD).
• Front-wheel drive (FWD) is the sector with the most significant market share. This is because front-wheel drive vehicles are the most common type on the market, as they are more economical and fuel-efficient than rear-wheel drive or all-wheel drive vehicles. Furthermore, because FWD vehicles are easier to manage and maintain, they are a popular choice for everyday drivers.
• By Vehicle, the market is classified into Passenger Cars (PC), Light Commercial vehicles (LCV), Heavy Commercial vehicles (HCV), and Off-Highway vehicles.
• The segment with the most significant market share is Passenger Cars. This is because passenger cars account for the lion's share of the worldwide vehicle market and, hence, the lion's share of the automotive differential market. Passenger vehicles are the most common type of vehicle in both developed and developing countries.
• By Propulsion, the market is classified into IC Engine vehicles, Electric Vehicles, Hybrid Electric vehicles, Spark Ignition Engine Based B, Compression Ignition Engine Based Vehicles, and Fuel Cell Electric vehicles.
• The segment with the most significant market share is IC Engine automobiles. Internal combustion engine (ICE) vehicles are the most popular vehicle today, accounting for most automotive differential improvements and components.
• By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific.
• As a substantial manufacturing base for automotive components and home to the world's largest auto industry, the Asia-Pacific region will likely be the most significant market for automobile differential upgrades and components. Asia-Pacific is also a fast-expanding automotive vehicle market, with rising demand from nations such as China, India, and Indonesia, among the world's largest automobile and motorcycle markets. Furthermore, Asia-Pacific is home to many of the world's top truck and bus manufacturers, including Daimler, Tata Motors, and Isuzu Motor Corporation.

Recent Development

• The company planned to supply electric drive units to Mercedes-AMG GT 63 S E Performance. The AAM’s electric drive unit provides superior vehicle performance in a compact, power-dense design. The innovative design of the electric drive unit includes an electromechanical actuated two-speed gearbox and electromechanically controlled limited-slip differential, providing shifting time and traction. - June 2022
• Dana, Inc. launched new planetary drives with improved torque density and design flexibility for a wide range of wheeled, tracked, and winch applications. - January 2022

Company Profiles

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of the Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Automotive Differential Upgrades & Components Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Automotive Differential Upgrades & Components Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Automotive Differential Upgrades & Components Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market