The Report “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)” is estimated to reach $611.4 million by 2021, growing at a CAGR of 14.38% from 2016 to 2021.
Browse through the TOC of the 4WD Transfer Case Actuator Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Increasing demand for improved adaptability of vehicles for all weather conditions and growing requirement for enhanced acceleration, traction, and towing capability of vehicles are some of the key drivers fueling the growth of the global 4WD transfer case actuator market.
Among vehicle types, the passenger cars segment is projected to lead the global 4WD transfer case actuator market in 2016.
The growth of this segment is fueled by the increasing global production of automotive with all-wheel drive (AWD) drivetrain systems. A passenger car is a motor vehicle with at least four wheels, maximum eight seats in addition to the driver's seat, used for transporting passengers. This segment includes hatchbacks, sedans, and premium cars with AWD systems. These vehicles are generally equipped with either manual or automatic transmissions. Based on the engine torque transmitted in the vehicle—that is, to the front, rear, or all the wheels—the drivetrain is distinguished as forward-wheel drive (FWD), rear-wheel drive (RWD), or all-wheel drive (AWD). The FWD systems are commonly found in passenger cars, while AWD systems are widely adopted in premium cars. The passenger cars segment of the global 4WD transfer case actuator market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021.
The North American region is projected to lead the global 4WD transfer case actuator market in 2016.
In terms of value, the North American region is projected to lead the global 4WD transfer case actuator market in 2016. The region is dominated by domestic OEMs, such as Ford Motors Company, General Motors Company, and Fiat-Chrysler Automobiles. The U.S. alone has 32 manufacturing facilities dedicated to vehicle production. Large customer base in the country, along with high level of disposable income is fueling the demand for vehicles, which in turn, has resulted in increased manufacturing activities by local automotive OEMs. Thus, the growing automotive sector in the region has resulted in increased opportunities for the manufacturers of 4WD transfer case actuators as well as for manufacturers of other auto parts.
The Asia-Pacific region is estimated to account for the second-largest share in the global 4WD transfer case actuator market in 2016. The growth of the Asia-Pacific 4WD transfer case actuator market is mainly attributed to expansions undertaken by automobile manufacturers to cope with growing demand of consumers for technologically advanced vehicles. The automotive industry in the Asia-Pacific region has witnessed a year-on-year increase in sales. The region is the leading producer of automobiles in the world.
The Europe 4WD transfer case actuator market has been segmented into Germany, France, the U.K., and Spain. The European region is estimated to account for the third-largest share in the global 4WD transfer case actuator market in 2016.
The report covers detailed information on the leading players operating in the global 4WD transfer case actuator market, which include Magna International Inc. (Canada), JTEKT Corporation (Japan), Aisin Seiki Co., Ltd. (Japan), and BorgWarner Inc. (U.S.), among others.
The report covers the global 4WD transfer case actuator market, in terms of volume (thousands units) and value (USD million). It explains the qualitative and quantitative aspects of the global 4WD transfer case actuator market on the basis of region and vehicle type. It also provides an overview of technical factors and other important aspects of the global 4WD transfer case actuator market.
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