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Automotive Differential Market Trends

  • Report ID: GMI5862
  • Published Date: May 2023
  • Report Format: PDF

Automotive Differential Market Trends

Vehicle makers and enthusiasts are focusing on driver comfort and pleasure while putting vehicle performance and handling qualities as a priority. Automotive differentials enhance traction control, cornering capability, and stability, resulting in higher vehicle dynamics. When integrated with advance control algorithms, automotive differential systems can improve vehicle maneuverability and stability.
 

Automotive differentials assist maintain vehicle balance and control by dynamically altering torque distribution to individual wheels, allowing for more precise and predictable handling. This improved stability and maneuverability improves the driving experience and allows cars to manage difficult road conditions more successfully. As a result, automakers are incorporating automotive differentials into their vehicles in order to give a thrilling driving experience and gain a competitive advantage in the automotive differential market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive differential exceeded USD 22 billion in 2022 and will witness 4% CAGR from 2023 to 2032 due to the rising popularity of commercial vehicles and heavy-duty trucks

The passenger vehicle segment recorded 55% of the automotive differential industry size in 2022 owing to the increasing need for convenience, safety, and improved driving experience.

Asia Pacific held 35% of the industry share in 2022 driven by the growing R&D investments and the influx of favorable government policies.

The industry size from the electric propulsion segment is estimated to observe 10% growth till 2032 led by the rising demand for sustainable transportation worldwide.

Key firms operating in the automotive differential industry are GKN Automotive, Eaton Corporation, ZF Friedrichshafen AG, Borgwarner Inc, AAM (American Axle & Manufacturing), Dana Incorporated, Magna International Inc., AVL List GmbH, and Timken Company

Automotive Differential Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 311
  • Countries covered: 18
  • Pages: 250
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