4WD Transfer Case Actuator Market, By Vehicle Type (Passenger Cars, Utility Vehicles, Light Pickup Trucks), By Region (North America, Europe, Asia-Pacific, RoW) – Forecast (2016-2021)
- Report Code: AU 1063
- Publish Date: Jun 2016
- Number of Pages: 94
The global 4WD transfer case actuator market is projected to grow at a CAGR of 14.38% from 2016-2021. The 4WD transfer case actuator market is estimated to be valued at USD 312.3 million in 2016. In this study, 2015 has been considered as the base year and 2016 to 2021 as forecast years for estimating the market size of 4WD transfer case actuator. The study segments the 4WD transfer case actuator market on the basis of vehicle type and region.
The market has been classified by vehicle type into light pickup trucks, passenger cars, and sports utility vehicles. Increase in need for better acceleration, traction, and towing capability in vehicles is expected to drive the 4WD transfer case actuator markets. The North America region is estimated to lead the market, in terms of value, in 2016. The U.S. and Canada are the major contributors in North America 4WD transfer case actuator market. However, in terms of CAGR, Asia-Pacific is projected to lead the market. Market drivers for this market in the developing nations include healthy economic growth and rise in personal income levels, resulting in higher vehicle productions. By 2020, total vehicle sales in China will be almost double as compared to the demand for actuators in the entire North America. The market growth is expected to be healthy in Japan, Brazil, and South Africa as well. The Asia-Pacific region is estimated to be the second-largest market for 4WD transfer case actuator, with China being the highest contributor, following the rising installation trend of all wheel drive system in passenger cars.
The research methodology used in the report involves various secondary sources including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the 4WD transfer case actuator market. The bottom-up approach has been used to estimate the market size, in which country-wise vehicle production statistics has been taken into account for each vehicle type.
The average number of 4WD transfer case actuator that go into each vehicle category has been identified and multiplied by vehicle production numbers to get the country-level 4WD transfer case actuator volume to arrive at the market size, in terms of volume. This country-wise market size for each vehicle type is then multiplied with the country-wise average OE price (AOP) of 4WD transfer case actuator required for each application. This results in the country-wise market size, in terms of value. The summation of the country-wise market gives the regional market and further summation of the regional market provides the global 4WD transfer case actuator market size.
The figure below shows the breakup of profile of industry experts who participated in primary discussions.
Figure 1 Breakdown of Primaries
Note: *Others include sales managers, marketing managers, and product managers
Company tiers are based on the value chain; revenue of the company is not considered
** Tier 1 suppliers supply components to OEMs while Tier 2 suppliers supply raw materials and components to Tier 1 suppliers
To know about the assumptions considered for the study, Download PDF Brochure.
The 4WD transfer case actuator ecosystem consists of manufacturers including Magna International Inc. (Canada), Aisin Seiki (Japan), BorgWarner (U.S.), research institutes such as the Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), and the United States Council for Automotive Research (USCAR), and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and European Automobile Manufacturers Association (ACEA), among others.
Target Audience
- Manufacturers of 4WD Transfer Case Actuator Systems
- Dealers and Distributors of 4WD Transfer Case Actuator Systems
- Industry Associations
- Investment Firms
- Equity Research Firms
- Private Equity Firms
Scope of The Report
- By vehicle type (light pickup trucks, passenger cars, and sports utility vehicles)
- By region (North America, Asia-Pacific, Europe, and RoW)
- Upcoming trends and technology in 4WD transfer case actuator market
Available Customizations
MicroMarketMonitor offers the following customizations for this market:
- 4WD transfer case actuator aftermarket, by region
- Detailed analysis and profiling of additional market players (up to three)
Table of Contents
1 Introduction
1.1 Objective of the Study
1.2 Market Scope
1.2.1 Market Covered
1.2.2 Years Considered for the Study
1.3 Currency
1.4 Package Size
1.5 Stakeholders
2 Research Methodology
2.1 Secondary Data
2.1.1 Key Secondary Sources
2.1.2 Key Data from Secondary Sources
2.2 Primary Data
2.2.1 Sampling Techniques and Data Collection Methods
2.2.2 Primary Participants
2.3 Factor Analysis
2.3.1 Introduction
2.3.2 Demand Side Analysis
2.3.2.1 Impact of GDP on Total Vehicle Sales
2.3.2.2 Urbanization Vs. Passenger Cars Per 1,000 People
2.3.2.3 Infrastructure: Roadways
2.3.2.4 Increasing Vehicle Production in Developing Countries
2.3.3 Supply Side Analysis
2.3.3.1 Technological Advancements
2.4 Market Size Estimation
2.5 Data Triangulation
2.6 Assumptions
3 Executive Summary
4 Market Overview
4.1 Introduction
4.2 Market Segmentation
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Increase in Need for Better Acceleration, Traction and Towing Capability in Vehicles
4.3.1.2 Demand for Improved Adaptability in Vehicles for all Weather Conditions
4.3.2 Restraints
4.3.2.1 High Acquisition and Maintenance Cost of Awd Vehicles
4.3.2.2 Low Penetration of Awd Passenger Cars in High Growth Developing Markets
4.3.3 Opportunities
4.3.3.1 Emerging Market for Suvs in High Demand Developing Markets
4.3.3.2 Growing Integration of Electronics (Ecus, Sensors) in Drivetrain
4.3.3.3 Emergence of Green Transfer Case
4.3.4 Challenges
4.3.4.1 Passing the Price Increase to End Consumer
4.3.4.2 Limited Scope of R&D in Transfer Case Actuator
5 Automotive Transfer Case Actuator Market, By Vehicle Type
5.1 Introduction
5.2 Light Pickup Truck
5.3 Utility Vehicle
5.4 Passenger Car
6 Automotive Transfer Case Actuator Market, By Region
6.1 Introduction
6.1.1 Asia-Pacific
6.1.2 By Country
6.1.3 China
6.1.3.1 By Vehicle Type
6.1.4 Japan
6.1.4.1 By Vehicle Type
6.1.5 India
6.1.5.1 By Vehicle Type
6.1.6 Europe
6.1.7 By Country
6.1.7.1 Germany
6.1.7.2 By Vehicle Type
6.1.8 France
6.1.8.1 By Vehicle Type
6.1.9 U.K.
6.1.9.1 By Vehicle Type
6.1.10 Spain
6.1.10.1 By Vehicle Type
6.1.11 North America
6.1.12 By Country
6.1.13 U.S.
6.1.14 Mexico
6.1.14.1 By Vehicle Type
6.1.15 Canada
6.1.15.1 By Vehicle Type
6.1.16 Row
6.1.17 By Country
6.1.18 Brazil
6.1.18.1 By Vehicle Type
6.1.19 South Africa
6.1.19.1 By Vehicle Type
7 Latest Trends in 4wd Transfer Case Actuator Market
7.1 Transfer Case
7.1.1 Transfer Case Actuator
7.2 Technological Trends
7.2.1 Stringent Emission Norms May Drive the Transfer Case Actuator Market
7.2.2 Growing Demand for Battery-Driven Vehicles
7.2.3 Types of Actuators: Hydraulic, Pneumatic, and Electric
7.2.4 Upcoming Integrated Transfer Case With Actuators
7.2.5 Transfer Case Actuator With Seal
7.3 Application Trends in Automotive Transfer Case Market
7.3.1 High Initial and Maintainance Cost for AWD Vehiecles Equipped With Transfer Case
8 Competitive Landscape
8.1 Overview
8.2 Market Share Analysis: Automotive Transfer Case Market
8.3 Battle for Market Share: Supply Contracts Were the Key Strategy
8.4 Supply Contracts
8.5 Expansion
8.6 New Product Launches/Developments
8.7 Mergers/Joint Ventures
9 Company Profiles
(Overview, Financials, Products & Services, Strategy, and Developments)*
9.1 Introduction
9.2 Magna International Inc.
9.3 Aisin Seiki Co. Ltd.
9.4 Borgwarner Inc.
9.5 Jtekt Corporation
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Company
List of Tables
Table 1 Automotive Transfer Case Actuator Market Size, By Vehicle Type, 2014–2021 (USD Thousand)
Table 2 Automotive Transfer Case Actuator Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 3 Light Pick-Up Truck Transfer Case Actuator Market Size, By Region, 2014–2021 (USD Thousand)
Table 4 Light Pick-Up Truck Transfer Case Actuator Market Size, By Region, 2014–2021 (‘000 Units)
Table 5 Utility Vehicle Transfer Case Actuator Market Size, By Region, 2014–2021 (USD Thousand)
Table 6 Utility Vehicle Transfer Case Actuator Market Size, By Region, 2014–2021 (‘000 Units)
Table 7 Passenger Car Transfer Case Actuator Market Size, By Region, 2014–2021 (USD Thousand)
Table 8 Passenger Car Transfer Case Actuator Market Size, By Region, 2014–2021 (‘000 Units)
Table 9 Automotive Transfer Case Actuator Market, By Region, 2014–2021 (USD Thousand)
Table 10 Automotive Transfer Case Actuator Market, By Region, 2014–2021 (‘000 Units)
Table 11 Asia-Pacific: Automotive Transfer Case Actuator Market, By Country, 2014–2021 (USD Thousand)
Table 12 Asia-Pacific: Automotive Transfer Case Actuator Market, By Country, 2014–2021 (‘000 Units)
Table 13 China: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 14 China: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 15 Japan: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 16 Japan: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 17 India: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 18 India: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 19 Europe: Automotive Transfer Case Actuator Market, By Country, 2014–2021 (USD Thousand)
Table 20 Europe: Automotive Transfer Case Actuator Market, By Country, 2014–2021 (‘000 Units)
Table 21 Germany: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 22 Germany: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 23 France: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 24 France: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 25 U.K.: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 26 U.K.: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 27 Spain: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 28 Spain: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 29 North America: Automotive Transfer Case Actuator Market, By Country, 2014–2021 (USD Thousand)
Table 30 North America: Automotive Transfer Case Actuator Market, By Country, 2014–2021 (‘000 Units)
Table 31 U.S.: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 32 U.S.: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 33 Mexico: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 34 Mexico: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 35 Canada: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 36 Canada: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 37 Row: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 38 Row: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 39 Brazil: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 40 Brazil: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 41 South Africa: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (USD Thousand)
Table 42 South Africa: Automotive Transfer Case Actuator Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 43 Supply Contract, 2012–2015
Table 44 Expansions 2014-2015
Table 45 New Product Launches/Developments 2012-2014
Table 46 Merger/Joint Ventures 2010-2015
List of Figures
Figure 1 4wd Transfer Case Actuation Market: Market Covered
Figure 2 4wd Transfer Case Actuation Market : Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Gross Domestic Product (Gdp) Vs. Total Vehicle Sales
Figure 6 Urbanization Vs. Passenger Cars Per 1,000 People
Figure 7 Vehicle Production 2010-2014
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach
Figure 9 North America to Hold the Largest Share of the Automotive Transfer Case Actuator Market 2016 (USD Million)
Figure 10 North America to Occupy the Largest Share in the Automotive Transfer Case Actuator Market in 2016 (USD Million)
Figure 11 Automotive Transfer Case Actuator Market: Asia-Pacific Projected to Be the Fastest-Growing Market, By Value, During the Forecast Period
Figure 12 Automotive Actuator Market Segmentation, By Type
Figure 13 Demand for Improved Adaptability in Vehicles for All Weather Conditions to Spur the Demand for Automotive Actuator Market
Figure 14 Passenger Car Segment to Dominate the Automotive Transfer Case Actuator Market, By Value, from 2016 to 2021
Figure 15 China to Be the Fastest-Growing Market for Automotive Transfer Case Actuator Markets During the Forecast Period
Figure 16 North America Expected to Lead the Automotive Transfer Case Actuator Market in 2016
Figure 17 Japan to Lead the Asia-Pacific Automotive Transfer Case Actuator Market in 2016, With China Projected to Lead the Market By 2021
Figure 18 Germany to Be the Fastest-Growing Market in the European Region, 2016 & 2021
Figure 19 U.S. Accounts for Major Market Share of Automotive Transfer Case Actuator Market in 2016
Figure 20 Brazil Accounts for Largest Share in the Row Region from 2016 to 2021
Figure 21 Companies Adopted Supply Contracts as the Key Growth Strategy
Figure 22 Automotive Transfer Case Market Ranking, By Key Players, 2015
Figure 23 Market Evaluation Framework: Supply Contract Fuelled Market Growth from 2012–2015
Figure 24 Competitive Benchmarking of Key Market Players
Figure 25 Magna International Inc.: Company Snapshot
Figure 26 Swot Analysis: Magna International Inc.
Figure 27 Aisin Seiki Co. Ltd.: Business Overview
Figure 28 Swot Analysis: Aisin Seiki Co., Ltd.
Figure 29 Borgwarner Inc.: Business Overview
Figure 30 Swot Analysis: Borgwarner Inc.
Figure 31 Jtekt Corporation: Company Snapshot
Figure 32 Swot Analysis: Jtekt Corporation
The global 4WD transfer case actuator market is estimated to be USD 312.3 million in 2016, and is projected to grow at a CAGR of 14.38% from 2016 to 2021. Growth in this market is powered by the increasing production of vehicles with AWD drivetrain, coupled with the growing demand for improved adaptability in vehicles for all weather conditions.
North America is the largest regional market for 4WD transfer case actuator, followed by Asia-Pacific and Europe. The market in China is projected to grow at a CAGR 22.92%, by value, during the forecast period, whereas that of the U.S. is projected to grow at 13.49%.
The global 4WD transfer case actuator market has been segmented on the basis of vehicle type into passenger cars, light pickup trucks, and sports utility vehicles. Among these, the passenger cars segment is estimated to grow at the highest CAGR during the forecast period owing to the rise in adaptation of all wheel drive drivetrain system in passenger cars.
The geographic analysis of the market includes regions, such as North America, Europe, Asia-Pacific, and RoW. Asia-Pacific accounted for the largest market share, with China being a key contributor to the growth of this region’s market. The large share of Asia-Pacific can be mainly attributed to the growth in production of AWD drivetrain system for passenger cars in the region.
Figure 1 Projected Market size of regions BY 2021 with CAGR (2016-2021)
Source: MicroMarketMonitor Analysis
The application of transfer case actuator has been only in AWD vehicles. In high-volume markets, such as Asia-Pacific and North America, the overall penetration of vehicles equipped with AWD drivetrain system is quite low as compared to conventional drivetrain (RWD & FWD). This is mainly due to the high purchase and maintenance costs of AWD vehicles.
The cost of the AWD system is very high as compared to conventional FWD and RWD systems. In case of AWD, extra components, such as driveshaft, transfer case, locking hubs, and others are installed in the system. This increases the cost of the system. AWD also uses lubricant fluid which needs to be replaced at fix interval. This fluid replacement adds extra cost in terms of maintenance.
Magna International Inc., a leading player in the global 4WD transfer case actuator market, focuses on expanding its capabilities by strategically entering into supply contracts and expansions. Magna, through its supply contracts, has entered the Asian market. Additionally, the company has adopted expansion as a strategy to increase its global presence.
BorgWarner Inc., another key player in the market, adopted various strategies to expand its existing market presence. The company strengthened its relationship with automakers and developed products that have more demand. The company has a strong financial position and, as of 2014, the net sales of the company have increased by 10% due to increasing vehicle production in ASEAN countries, such as China.
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