Automotive Differential Market by Type (Open, Locking, LSD, ELSD, Torque Vectoring), Drive Type (FWD, RWD, AWD/4WD), ICE & Hybrid Vehicle, Off-Highway (Construction & Mining, Ag Tractor, Forklift), Component Aftermarket and Region - Global Forecast to 2025
[212 Pages Report] The global automotive differential market post-COVID-19 is projected to grow at a CAGR of 4.7% from 2020 to 2025. From a market size of USD 18.4 billion in 2020, it is projected to reach a market size of USD 23.2 billion by 2025. The need of better traction on roads and fuel efficiency are key drivers for the growth of the automotive differential market. The automotive differential market has good growth opportunities amid increasing vehicle production. The growing demand for all wheel drive vehicles is also a major driver for the differential market.
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COVID-19 impact on automotive differential market
The outbreak of COVID-19 has impacted and disrupted the supply chain of the entire automotive ecosystem, with halt in production facilities across the globe. This scenario is expected to affect the automotive differential market, as the growth of the market is directly related to the production of vehicles. The decline in vehicle production is expected to adversely affect the automotive differential market.
Automotive Differential Market Dynamics
Driver: Increase in demand for luxury and SUV vehicles
The AWD and 4WD systems are primarily used in the premium car segment 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. In addition, stringent safety regulations in the regions such as Europe and North America have attracted consumers to AWD and 4WD systems that offer better traction control and stability to the automobile.
SUVs have AWD or 4WD systems installed in most of their variants. In the early 2000s, the sale of SUVs was surpassed by sedan series vehicles. In the age of compact and fuel-efficient cars, the demand for SUVs is growing, given the development of fuel-efficient AWD & 4WD systems. The introduction of new compact SUVs, which are equipped with advanced features and are convenient to drive in traffic as well as off-road terrain, has resulted in a boom in the SUV market. With increasing per capita income, improving infrastructure, and changing buyer preference towards multi-utility vehicles (MUVs), the demand for SUVs in this segment is projected to grow in the near future. Following this demand-led growth, key OEMs have begun to focus on the development of customer-centric SUV, compact SUV, 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.
Restraint: Increase in demand for electric vehicles
The formulation of stringent CO2 emission norms by governments of various countries has increased the demand for electric vehicles (EVs). Governments are also providing incentives and subsidies to encourage EV sales. Some of the incentives include low or zero registration fees and exemption in import tax, purchase tax, and road tax. The government of Norway is offering BEV buyers an exemption from paying value-added tax (VAT), which is almost 25% of the vehicles net price. The Hamburg Municipal Corporation in Germany is offering a tax adjustment of USD 295 per kilowatt-hour of battery capacity, subject to a maximum of USD 8,830, based on the battery capacity of BEVs and PHEVs.
The demand for electric vehicles is driving automakers to invest in electric vehicle technology. Several OEMs have announced various investment plans to develop and launch new electric models. For example, Ford announced investments worth USD 11 billion in electric vehicles by 2022. The company plans to lineup 40 EVs by 2022, of which 16 would be fully electric and 24 would be PHEVs. In 2019, German car giant Volkswagen AG announced investments totaling USD 66.3 billion over the next five years to produce more electric and hybrid vehicles, with a plan to roll out 75 completely electric models and 60 hybrid models. MG Motor has also planned to invest USD 500 million in 2020 for the development, manufacturing, and sales of EVs in India.
The increasing demand for electric vehicles among consumers is expected to restrain the growth of the automotive differential market during the forecast period.
Opportunities: Advancements in technology
With the introduction of vehicle electrification, the manufacturers are now focusing on the electrification of components. 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. For instance, Mitsubishi's Active Center Differential allows drivers to choose specific presets for driving on the road, gravel, and snow. Thus, with increasing electrification of the vehicle, the component and system manufacturers cater to the advanced needs of OEMs such as ELSD.
Challenges Developing fail-safe electronic and electrical components
Advancements in technology have led to the introduction of electronic components in vehicles to improve vehicle performance. In the case of differential, the mechanical components are now getting replaced by electronic components such as electronic limited slip differential. However, there are several risks associated with this technology, such as thermal systems, the risk of fire or component failure, and others that need to be cautiously assessed. Numerous safety aspects need to be considered regarding component electrification, including electric system safety, functional system safety, and vehicle maintenance, operation, and training. The current challenges that hinder the popularity of electric components are the limitation of overheating and electronic failure of the component. Additionally, it is essential to examine the vehicle behavior as these systems often fail, making them inefficient when compared to mechanical components used in ICE vehicles. Thus, the auto manufacturer needs to ensure that customers get systems that operate efficiently in varied conditions to effectively promote the use of these electrical systems and components.
Passenger car is estimated to be the largest segment in the automotive differential market, by vehicle type, during the forecast period
The automotive differential market has been segmented on the basis of drive type, differential type, aftermarket components, on highway vehicle, off highway vehicle, hybrid vehicle, and region. Asia Oceania is estimated to be the largest market for ICE vehicles during the forecast period owing to the largest vehicle production and growing inclination towards all wheel and four wheel drives integrated vehicles in the Asian countries. On the basis of on highway vehicle type, the passenger car market is the largest in terms of volume and value. The key factors influencing the sales of passenger cars in various countries are the increasing per capita income and improved standard of living. In terms of differential type, the open differential market is estimated to dominate the automotive differential market in 2020. Most of the vehicles are equipped with the open differential due to its low cost, and the reason that it provides better traction on good condition roads.
AWD/4WD is estimated to be the largest as well as the fastest growing market for automotive differential
The AWD/4WD drive systems differential market is mainly driven by growing demand for SUVs, increasing demand for improved vehicle safety, stability, and enhanced driving dynamics. The ELSD (electronically controlled limited slip differential) has the fastest growing market for ICE and hybrid vehicle owing to increased focus of automotive OEMs to replace the mechanical parts with compact electrical components for fuel-efficiency which resulted in the adoption of ELSD in mid-segment vehicles and heavy vehicles as well.
In off-highway segment, agriculture tractor is projected to be the largest segment during the forecast period
Tractors can be broadly categorized into four-wheel drive and two-wheel drive. Four-wheel drive tractors offer lower slippage, better traction, and improved control as compared to two-wheel drive tractors. The four-wheel drive is prominent in tractors with a power output of more than 100 HP. Mostly, agriculture tractors are equipped with locking differential. Asia Oceania is estimated to be the main contributor to the growth of this market owing to the highest sales of tractors. North America is also one of the main contributors to this segment.
Asia Pacific is expected to account for the largest market size during the forecast period
COVID-19 has resulted in a decline in vehicle production, thereby affects the overall automotive differential market. However, a projected steady recovery by Q1-Q2 of 2021 in vehicle production will support the growth of the automotive differential market in the coming years. The region is home to leading vehicle production hubs such as China and Japan. With the increase in vehicle production, the demand for automotive differential is projected to grow at a significant rate. Also, a growing inclination towards all-wheel and four-wheel drive integrated vehicles in Asian countries has increased the popularity of off-road vehicles and sports cars. These factors are likely to attribute to the overall market growth during the forecast period. However, due to the large vehicle production, the overall demand for differential is the highest in the region.
Key Market Players
The automotive differential market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers in the automotive differential market are GKN (UK), Eaton (Ireland), American Axle (US), JTEKT (Japan), Dana (US), BorgWarner (US), Linamar (Canada), Schaeffler (Germany), ZF (Germany), and Continental (Germany).
Scope of the report
|
Report Metric |
Details |
|
Market Size Available for Years |
20182025 |
|
Base Year Considered |
2020 |
|
Forecast Period |
20202025 |
|
Forecast Units |
Value (USD Million) and Volume (Thousand Units) |
|
Segments Covered |
Drive type, Aftermarket for Components, Vehicle Type, Hybrid vehicle by type, Off-Highway vehicle, Hybrid vehicle and region |
|
Geographies Covered |
Asia Oceania, Europe, North America, and RoW |
|
Companies Covered |
GKN (UK), JTEKT (Japan), Eaton(Ireland), Schaeffler (Germany), American Axle (US) and ZF (Germany). |
Automotive Differential Market, By Drive Type
- Open Differential
- Locking Differential
- Limited Slip Differential
- Electronic Limited Slip Differential
- Torque Vectoring Differential
Automotive Differential Market, By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Automotive Differential Market, By Hybrid Vehicle
- PHEV
Automotive Differential Market, By Off-Highway Vehicle
- Construction & Mining Equipment
- Agriculture Tractors
- Forklift
Automotive Differential Market, By Drive Type
- Front wheel drive
- Rear wheel drive
- All wheel/four-wheel drive
Automotive Differential Aftermarket, By Component
- Differential bearing
- Differential case
- Differential gear
Automotive Differential Aftermarket, By Hybrid Vehicle Type
- Open differential
- Locking differential
- Limited slip differential
- Electronic limited slip differential
- Torque vectoring differential
Automotive Differential Market, By Region
- Asia Pacific
- Europe
- North America
- RoW
Recent Developments
- In August 2020, Eaton introduced an electronically controlled, scalable limited-slip differential that functions across multiple vehicle platforms to enhance performance and ensure driver safety.
- In March 2020, Dana launched a new series of eight Spicer Torque-Hub drives, expanding the company's offering of drive and motion technologies for crawler cranes and other large tracked vehicles. With torque ratings from 80,000 N-m up to 450,000 N-m, the new drives offer flexible packaging and gear ratios to meet manufacturer preferences for tracked and wheeled applications.
- In December 2019, GKN Automotive announced its collaboration with Delta Electronics for the joint development of eDrive technology that will enable the rapid acceleration of next-generation integrated 3-in-1 eDrive systems of power classes from 80kW to 155kW.
- In December 2019, American Axle & Manufacturing expanded its driveline system production for Ram Heavy Duty trucks, which were named MotorTrend Truck of the Year, and now supplies both front and rear axles as well as driveshafts for the 2019 Ram 2500 Heavy Duty, Ram 3500 Heavy Duty, Ram 3500 Chassis Cab, Ram 4500 Chassis Cab, and Ram 5500 Chassis Cab trucks.
- In March 2019, GKN Automotive unveiled the worlds first battery electric vehicle (BEV) with a two-speed transmission and torque vectoring. Based on a standard Jeep Renegade, the GTD19 demonstrator vehicle is undergoing extensive testing at GKNs annual winter testing programme in Arjeplog, Sweden, and showcases how automakers can use drivetrain innovations to achieve industry-leading standards of efficiency, safety, and driving dynamics in BEV models.
- In October 2019, ZF presents the latest generation of automatic transmission systems for buses: numerous technical refinements make EcoLife 2 lighter, more efficient, robust, and easier to maintain. The most significant improvements include possible fuel savings of up to 3%, stop-start capability for all model variants.
Frequently Asked Questions (FAQ):
Impact of COVID-19 on automotive differential market?
The COVID-19 pandemic has significantly impacted the growth of the automotive industry. The decline in production will affect market growth of automotive differential market as the market is directly dependent on vehicle production. However, with increasing demand for SUV and off-road vehicle the market is expected to have steady growth post pandemic.
What strategic initiatives are being implemented by the key players for business growth?
Companies adopted new product developments and expansion as the key growth strategy in the last few years
What opportunities and restrain for the automotive differential supplier?
Considering the slow growth of automotive industry and the impact of recent pandemic, the investment in R&D activities in electronic differential technology might get impacted. Opportunity can be with respect to advancement in autonomous and connect mobility
Who are leading players in automotive differential market?
GKN (UK), Eaton (Ireland), American Axle (US), JTEKT (Japan), Dana (US), BorgWarner (US), Linamar (Canada), Schaeffler (Germany), ZF (Germany), and Continental (Germany) .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 21)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
TABLE 1 AUTOMOTIVE DIFFERENTIAL MARKET: INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 AUTOMOTIVE DIFFERENTIAL MARKET SEGMENTATION
1.5 LIMITATIONS
1.6 SUMMARY OF CHANGES
FIGURE 2 AUTOMOTIVE DIFFERENTIAL MARKET GROWTH HAS BEEN IMPACTED DUE TO COVID-19 PANDEMIC
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 25)
2.1 RESEARCH DATA
FIGURE 3 RESEARCH DESIGN AUTOMOTIVE DIFFERENTIAL MARKET
FIGURE 4 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources for vehicle production
2.1.1.2 Key secondary sources for market sizing
2.1.1.3 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.1 Sampling techniques & data collection methods
2.1.2.2 Primary participants
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 6 AUTOMOTIVE DIFFERENTIAL MARKET: BOTTOM-UP APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 ASSUMPTIONS
TABLE 2 LIST OF ASSUMPTIONS CONSIDERED
3 EXECUTIVE SUMMARY (Page No. - 34)
3.1 PRE- & POST-COVID-19 SCENARIO
FIGURE 7 PRE- & POST-COVID-19 SCENARIO: AUTOMOTIVE DIFFERENTIAL MARKET, 20172025 (USD MILLION)
FIGURE 8 AUTOMOTIVE DIFFERENTIAL MARKET: MARKET OUTLOOK
FIGURE 9 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2020 VS. 2025 (USD MILLION)
4 PREMIUM INSIGHTS (Page No. - 38)
4.1 ATTRACTIVE OPPORTUNITIES IN THE AUTOMOTIVE DIFFERENTIAL MARKET
FIGURE 10 INCREASE IN DEMAND FOR SUV AND LUXURY VEHICLES TO DRIVE THE AUTOMOTIVE DIFFERENTIAL MARKET
4.2 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE
FIGURE 11 OPEN DIFFERENTIAL TYPE TO HOLD THE LARGEST MARKET SHARE BY 2025 (USD MILLION)
4.3 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE
FIGURE 12 AWD/4WD SEGMENT TO HOLD THE LARGEST MARKET SHARE BY 2025 (USD MILLION)
4.4 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE
FIGURE 13 PASSENGER CAR SEGMENT TO BE THE LARGEST MARKET DURING THE FORECAST PERIOD (USD MILLION)
4.5 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY DIFFERENTIAL TYPE
FIGURE 14 OPEN DIFFERENTIAL IS EXPECTED TO BE THE LARGEST SEGMENT IN THE HYBRID VEHICLE DIFFERENTIAL MARKET, 2020 VS. 2025 (USD MILLION)
4.6 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE
FIGURE 15 AGRICULTURE TRACTORS SEGMENT TO BE THE LARGEST MARKET DURING THE FORECAST PERIOD (USD MILLION)
4.7 AUTOMOTIVE DIFFERENTIAL AFTERMARKET, BY COMPONENTS
FIGURE 16 DIFFERENTIAL CASE TO BE THE LARGEST MARKET DURING THE FORECAST PERIOD (USD MILLION)
4.8 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION
FIGURE 17 ASIA OCEANIA IS EXPECTED TO HOLD THE LARGEST MARKET SHARE IN THE AUTOMOTIVE DIFFERENTIAL MARKET, 2020 (BY VALUE)
5 MARKET OVERVIEW (Page No. - 43)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 AUTOMOTIVE DIFFERENTIAL MARKET: MARKET DYNAMICS
TABLE 3 AUTOMOTIVE DIFFERENTIAL MARKET: MARKET DYNAMICS IMPACT
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
FIGURE 19 COMMERCIAL VEHICLES PRODUCTION: PERCENTAGE SHARE (2019)
FIGURE 20 LCV: DRIVETRAIN INSTALLATION RATE, 20142021
FIGURE 21 HCV: DRIVETRAIN INSTALLATION RATE, 20142021
5.2.1.1.2 Increased investment in infrastructure to boost the demand for construction equipment & differential
TABLE 4 GLOBAL AIRPORT CONSTRUCTION PROJECTS, BY COUNTRY
TABLE 5 UPCOMING AIRPORTS
FIGURE 22 CONSTRUCTION & MINING EQUIPMENT SALES, 20182025 (THOUSAND UNITS)
5.2.1.2 Increase in demand for luxury and SUV vehicles
TABLE 6 KEY OEMS & THEIR SUVS WITH AWD & 4WD SYSTEMS
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
FIGURE 23 VOLUME MARKET FOR ELECTRIC BUSES AND ELECTRIC TRUCKS 2020 VS. 2028
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
5.3 AUTOMOTIVE DIFFERENTIAL MARKET SCENARIO
FIGURE 24 AUTOMOTIVE DIFFERENTIAL MARKET SCENARIO, 20182025 (USD MILLION)
5.3.1 REALISTIC SCENARIO
TABLE 7 AUTOMOTIVE DIFFERENTIAL MARKET (REALISTIC SCENARIO), BY REGION, 20202025 (USD MILLION)
5.3.2 LOW IMPACT SCENARIO
TABLE 8 AUTOMOTIVE DIFFERENTIAL MARKET (LOW IMPACT SCENARIO), BY REGION, 20202025 (USD MILLION)
5.3.3 HIGH IMPACT SCENARIO
TABLE 9 AUTOMOTIVE DIFFERENTIAL MARKET (HIGH IMPACT SCENARIO), BY REGION, 20202025 (USD MILLION)
5.4 AVERAGE SELLING PRICE TREND
5.5 PATENT ANALYSIS
TABLE 10 APPLICATIONS AND PATENTS GRANTED, 2018-2020
6 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE (Page No. - 54)
6.1 INTRODUCTION
6.1.1 RESEARCH METHODOLOGY
FIGURE 25 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 11 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 12 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 13 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 14 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
6.2 ELECTRONIC LIMITED-SLIP DIFFERENTIAL (ELSD)
TABLE 15 ELSD MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 16 ELSD MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 17 ELSD MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 18 ELSD MARKET, BY REGION, 20202025 (USD MILLION)
6.3 LOCKING DIFFERENTIAL
TABLE 19 LOCKING DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 20 LOCKING DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 21 LOCKING DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 22 LOCKING DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
6.4 LIMITED-SLIP DIFFERENTIAL (LSD)
TABLE 23 LSD DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 24 LSD DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 25 LSD DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 26 LSD DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
6.5 OPEN DIFFERENTIAL
TABLE 27 OPEN DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 28 OPEN DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 29 OPEN DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 30 OPEN DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
6.6 TORQUE VECTORING DIFFERENTIAL
TABLE 31 TORQUE VECTORING DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 32 TORQUE VECTORING DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 33 TORQUE VECTORING DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 34 TORQUE VECTORING DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
7 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE (Page No. - 67)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
FIGURE 26 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 35 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE, 20172019 (000 UNITS)
TABLE 36 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE, 20202025 (000 UNITS)
TABLE 37 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE, 20172019 (USD MILLION)
TABLE 38 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE, 20202025 (USD MILLION)
7.2 FRONT WHEEL DRIVE (FWD)
TABLE 39 FWD DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 40 FWD DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 41 FWD DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 42 FWD DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
7.3 REAR WHEEL DRIVE (RWD)
TABLE 43 RWD DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 44 RWD DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 45 RWD DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 46 RWD DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
7.4 ALL WHEEL DRIVE/ FOUR WHEEL DRIVE (AWD/4WD)
TABLE 47 AWD/4WD DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 48 AWD/4WD DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 49 AWD/4WD DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 50 AWD/4WD DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
8 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE (Page No. - 76)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
FIGURE 27 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 51 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE, 20172019 (000 UNITS)
TABLE 52 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE, 20202025 (000 UNITS)
TABLE 53 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE, 20172019 (USD MILLION)
TABLE 54 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE, 20202025 (USD MILLION)
8.2 PASSENGER CAR (PC)
TABLE 55 PASSENGER CAR DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 56 PASSENGER CAR DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 57 PASSENGER CAR DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 58 PASSENGER CAR DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
8.3 LIGHT COMMERCIAL VEHICLE (LCV)
TABLE 59 LIGHT COMMERCIAL VEHICLE DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 60 LIGHT COMMERCIAL VEHICLE DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 61 LIGHT COMMERCIAL VEHICLE DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 62 LIGHT COMMERCIAL VEHICLE DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
8.4 TRUCK
TABLE 63 TRUCK DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 64 TRUCK DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 65 TRUCK DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 66 TRUCK DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
8.5 BUS
TABLE 67 BUS DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 68 BUS DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 69 BUS DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 70 BUS DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
9 AUTOMOTIVE DIFFERENTIAL MARKET, BY HYBRID VEHICLE TYPE (Page No. - 87)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
FIGURE 28 AUTOMOTIVE DIFFERENTIAL MARKET, BY HYBRID VEHICLE TYPE, 2020. VS 2025 (USD MILLION)
9.2 PLUG IN HYBRID ELECTRIC VEHICLES (PHEV)
TABLE 71 PHEV: AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 72 PHEV: AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 73 PHEV: AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 74 PHEV: AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
10 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY DIFFERENTIAL TYPE (Page No. - 92)
10.1 INTRODUCTION
10.1.1 AUTOMOTIVE DIFFERENTIAL MARKET: INCLUSIONS & EXCLUSIONS
FIGURE 29 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY DIFFERENTIAL TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 75 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 76 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 77 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 78 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
10.2 ELECTRONIC LIMITED SLIP DIFFERENTIAL (ELSD)
TABLE 79 ELSD MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (000 UNITS)
TABLE 80 ELSD MARKET FOR HYBRID VEHICLES, BY REGION, 20202025 (000 UNITS)
TABLE 81 ELSD MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (USD MILLION)
TABLE 82 ELSD MARKET FOR HYBRID VEHICLES, BY REGION, 20202025 (USD MILLION)
10.3 LOCKING DIFFERENTIAL
TABLE 83 LOCKING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (000 UNITS)
TABLE 84 LOCKING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20202025 (000 UNITS)
TABLE 85 LOCKING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (USD MILLION)
TABLE 86 LOCKING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20202025 (USD MILLION)
10.4 LIMITED SLIP DIFFERENTIAL (LSD)
TABLE 87 LSD MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (000 UNITS)
TABLE 88 LSD MARKET FOR HYBRID VEHICLES, BY REGION, 20202025 (000 UNITS)
TABLE 89 LSD MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (USD MILLION)
TABLE 90 LSD MARKET FOR HYBRID VEHICLES, BY REGION, 20202025 (USD MILLION)
10.5 OPEN DIFFERENTIAL
TABLE 91 OPEN DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (000 UNITS)
TABLE 92 OPEN DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20202025 (000 UNITS)
TABLE 93 OPEN DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (USD MILLION)
TABLE 94 OPEN DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20202025 (USD MILLION)
10.6 TORQUE VECTORING DIFFERENTIAL
TABLE 95 TORQUE VECTORING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (000 UNITS)
TABLE 96 TORQUE VECTORING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20202025 (000 UNITS)
TABLE 97 TORQUE VECTORING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (USD MILLION)
TABLE 98 TORQUE VECTORING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20202025 (USD MILLION)
11 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE (Page No. - 103)
11.1 INTRODUCTION
11.1.1 ATTRACTIVE OPPORTUNITIES IN THE AUTOMOTIVE DIFFERENTIAL MARKET
FIGURE 30 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 99 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 20172019 ('000 UNITS)
TABLE 100 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 20202025 ('000 UNITS)
TABLE 101 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 20172019 (USD MILLION)
TABLE 102 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 20202025 (USD MILLION)
11.2 AGRICULTURE TRACTORS
TABLE 103 AGRICULTURE TRACTORS DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 104 AGRICULTURE TRACTORS DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 105 AGRICULTURE TRACTORS DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 106 AGRICULTURE TRACTORS DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
11.3 CONSTRUCTION & MINING EQUIPMENT
TABLE 107 CONSTRUCTION & MINING EQUIPMENT DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 108 CONSTRUCTION & MINING EQUIPMENT DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 109 CONSTRUCTION & MINING EQUIPMENT DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 110 CONSTRUCTION & MINING EQUIPMENT DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
11.4 FORKLIFT
TABLE 111 FORKLIFT DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 112 FORKLIFT DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 113 FORKLIFT DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 114 FORKLIFT DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
12 AUTOMOTIVE DIFFERENTIAL AFTERMARKET, BY COMPONENT (Page No. - 101)
12.1 INTRODUCTION
12.1.1 Increase in demand for light commercial & heavy commercial vehicles
FIGURE 31 AUTOMOTIVE DIFFERENTIAL AFTERMARKET, BY COMPONENT, 2020 VS. 2025 (USD MILLION)
TABLE 115 AUTOMOTIVE DIFFERENTIAL AFTERMARKET, BY COMPONENT, 20172019 (MILLION UNITS)
TABLE 116 AUTOMOTIVE DIFFERENTIAL AFTERMARKET, BY COMPONENT, 20202025 (MILLION UNITS)
TABLE 117 AUTOMOTIVE DIFFERENTIAL AFTERMARKET, BY COMPONENT, 20172019 (USD MILLION)
TABLE 118 AUTOMOTIVE DIFFERENTIAL AFTERMARKET, BY COMPONENT, 20202025 (USD MILLION)
12.2 DIFFERENTIAL BEARING
TABLE 119 DIFFERENTIAL BEARING AFTERMARKET, BY REGION, 20172019 (MILLION UNITS)
TABLE 120 DIFFERENTIAL BEARING AFTERMARKET, BY REGION, 20202025 (MILLION UNITS)
TABLE 121 DIFFERENTIAL BEARING AFTERMARKET, BY REGION, 20172019 (USD MILLION)
TABLE 122 DIFFERENTIAL BEARING AFTERMARKET, BY REGION, 20202025 (USD MILLION)
12.3 DIFFERENTIAL GEAR
TABLE 123 DIFFERENTIAL GEAR AFTERMARKET, BY REGION, 20172019 (MILLION UNITS)
TABLE 124 DIFFERENTIAL GEAR AFTERMARKET, BY REGION, 20202025 (MILLION UNITS)
TABLE 125 DIFFERENTIAL GEAR AFTERMARKET, BY REGION, 20172019 (USD MILLION)
TABLE 126 DIFFERENTIAL GEAR AFTERMARKET, BY REGION, 20202025 (USD MILLION)
12.4 DIFFERENTIAL CASE
TABLE 127 DIFFERENTIAL CASE AFTERMARKET, BY REGION, 20172019 (MILLION UNITS)
TABLE 128 DIFFERENTIAL CASE AFTERMARKET, BY REGION, 20202025 (MILLION UNITS)
TABLE 129 DIFFERENTIAL CASE AFTERMARKET, BY REGION, 20172019 (USD MILLION)
TABLE 130 DIFFERENTIAL CASE AFTERMARKET, BY REGION, 20202025 (USD MILLION)
13 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION (Page No. - 119)
13.1 INTRODUCTION
FIGURE 32 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2020 (USD MILLION)
TABLE 131 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 132 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 133 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 134 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
13.2 ASIA OCEANIA
FIGURE 33 ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET SNAPSHOT
TABLE 135 ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20172019 (000 UNITS)
TABLE 136 ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20202025 (000 UNITS)
TABLE 137 ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20172019 (USD MILLION)
TABLE 138 ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20202025 (USD MILLION)
13.2.1 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 139 CHINA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 140 CHINA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 141 CHINA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 142 CHINA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.2.2 ELSD MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 143 INDIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 144 INDIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 145 INDIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 146 INDIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.2.3 LOCKING DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 147 JAPAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 148 JAPAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 149 JAPAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 150 JAPAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.2.4 LSD DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 151 SOUTH KOREA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 152 SOUTH KOREA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 153 SOUTH KOREA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 154 SOUTH KOREA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.2.5 OPEN DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 155 THAILAND: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 156 THAILAND: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 157 THAILAND: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 158 THAILAND: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.2.6 TORQUE VECTORING DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 159 REST OF ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 160 REST OF ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 161 REST OF ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 162 REST OF ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.3 EUROPE
FIGURE 34 EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET SNAPSHOT
TABLE 163 EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20172019 (000 UNITS)
TABLE 164 EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20202025 (000 UNITS)
TABLE 165 EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20172019 (USD MILLION)
TABLE 166 EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20202025 (USD MILLION)
13.3.1 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE, 20202025 (USD MILLION)
TABLE 167 GERMANY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 168 GERMANY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 169 GERMANY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 170 GERMANY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.3.2 FWD DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 171 FRANCE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 172 FRANCE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 173 FRANCE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 174 FRANCE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.3.3 RWD DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 175 RUSSIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 176 RUSSIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 177 RUSSIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 178 RUSSIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.3.4 AWD/4WD DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
TABLE 179 SPAIN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 180 SPAIN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 181 SPAIN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 182 SPAIN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.3.5 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE, 20172019 (000 UNITS)
TABLE 183 UK: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 184 UK: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 185 UK: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 186 UK: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.3.6 PASSENGER CAR DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 187 TURKEY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 188 TURKEY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 189 TURKEY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 190 TURKEY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.3.7 LIGHT COMMERCIAL VEHICLE DIFFERENTIAL MARKET, BY REGION, 20172019 (000 UNITS)
TABLE 191 REST OF EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 192 REST OF EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 193 REST OF EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 194 REST OF EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.4 NORTH AMERICA
FIGURE 35 NORTH AMERICA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2020 VS. 2025 (USD MILLION)
TABLE 195 NORTH AMERICA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20172019 (000 UNITS)
TABLE 196 NORTH AMERICA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20202025 (000 UNITS)
TABLE 197 NORTH AMERICA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20172019 (USD MILLION)
TABLE 198 NORTH AMERICA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20202025 (USD MILLION)
13.4.1 BUS DIFFERENTIAL MARKET, BY REGION, 20202025 (000 UNITS)
TABLE 199 CANADA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 200 CANADA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 201 CANADA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 202 CANADA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.4.2 RESEARCH METHODOLOGY
TABLE 203 MEXICO: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 204 MEXICO: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 205 MEXICO: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 206 MEXICO: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.4.3 PHEV: AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 20172019 (USD MILLION)
TABLE 207 US: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 208 US: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 209 US: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 210 US: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.5 REST OF THE WORLD (ROW)
FIGURE 36 ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2020 & 2025 (USD MILLION)
TABLE 211 ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20172019 (000 UNITS)
TABLE 212 ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20202025 (000 UNITS)
TABLE 213 ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20172019 (USD MILLION)
TABLE 214 ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 20202025 (USD MILLION)
13.5.1 ELSD MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (000 UNITS)
TABLE 215 BRAZIL: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 216 BRAZIL: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 217 BRAZIL: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 218 BRAZIL: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.5.2 LOCKING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (000 UNITS)
TABLE 219 IRAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 220 IRAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 221 IRAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 222 IRAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
13.5.3 LSD MARKET FOR HYBRID VEHICLES, BY REGION, 20172019 (000 UNITS)
TABLE 223 REST OF ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
TABLE 224 REST OF ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (000 UNITS)
TABLE 225 REST OF ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (USD MILLION)
TABLE 226 REST OF ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20202025 (USD MILLION)
14 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 162)
14.1 ASIA OCEANIA WILL BE THE KEY MARKET FOR AUTOMOTIVE DIFFERENTIAL
14.2 ELECTRONIC LIMITED SLIP DIFFERENTIALS TO GAIN TRACTION
14.3 CONCLUSION
15 COMPETITIVE LANDSCAPE (Page No. - 163)
15.1 INTRODUCTION
FIGURE 37 AUTOMOTIVE DIFFERENTIAL MARKET: KEY DEVELOPMENTS BY LEADING PLAYERS
15.2 AUTOMOTIVE DIFFERENTIAL: MARKET SHARE ANALYSIS
FIGURE 38 AUTOMOTIVE DIFFERENTIAL MARKET SHARE, 2019
15.3 COMPETITIVE SITUATIONS & TRENDS
15.3.1 INTRODUCTION
TABLE 227 NEW PRODUCT DEVELOPMENT, 2016-2020
15.3.2 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION)
TABLE 228 EXPANSION, 2016-2019
15.3.3 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 20202025 ('000 UNITS)
TABLE 229 SUPPLY CONTRACTS, 2016-2019
15.3.4 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 20202025 (USD MILLION)
TABLE 230 ACQUISITION/PARTNERSHIP/COLLABORATION, 2018-2019
15.4 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2017-2020
FIGURE 39 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS THE KEY GROWTH STRATEGY, 20172020
16 COMPANY PROFILES (Page No. - 171)
(Overview, Product offerings, Recent developments & SWOT analysis)*
16.1 GKN
FIGURE 40 GKN: COMPANY SNAPSHOT
FIGURE 41 GKN: SWOT ANALYSIS
16.2 EATON
FIGURE 42 EATON: COMPANY SNAPSHOT
FIGURE 43 EATON: SWOT ANALYSIS
16.3 AMERICAN AXLE
FIGURE 44 AMERICAN AXLE: COMPANY SNAPSHOT
FIGURE 45 AMERICAN AXLE: SWOT ANALYSIS
16.4 DANA
FIGURE 46 DANA: COMPANY SNAPSHOT
FIGURE 47 DANA: SWOT ANALYSIS
16.5 BORGWARNER
FIGURE 48 BORGWARNER: COMPANY SNAPSHOT
FIGURE 49 BORGWARNER: SWOT ANALYSIS
16.6 LINAMAR
FIGURE 50 LINAMAR: COMPANY SNAPSHOT
16.7 SCHAEFFLER
FIGURE 51 SCHAEFFLER: COMPANY SNAPSHOT
16.8 ZF
FIGURE 52 ZF: COMPANY SNAPSHOT
16.9 JTEKT
FIGURE 53 JTEKT: COMPANY SNAPSHOT
16.10 CONTINENTAL
FIGURE 54 CONTINENTAL: COMPANY SNAPSHOT
*Details on Overview, Product offerings, Recent developments & SWOT analysis might not be captured in case of unlisted companies.
16.11 ADDITIONAL COMPANY PROFILES
16.11.1 DIFFERENTIAL GEAR AFTERMARKET, BY REGION, 20202025 (USD MILLION)
16.11.1.1 Auburn Gear
16.11.1.2 Neapco
16.11.1.3 Magna
16.11.2 DIFFERENTIAL CASE AFTERMARKET, BY REGION, 20172019 (USD MILLION)
16.11.2.1 Drexler
16.11.2.2 Quaife
16.11.2.3 Xtrac
16.11.3 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2020 (USD MILLION)
16.11.3.1 NSK
16.11.3.2 Bharat Gears
16.11.3.3 Cusco
16.11.4 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 20202025 (USD MILLION)
16.11.4.1 ZEN
16.11.4.2 KermanKhodro
17 APPENDIX (Page No. - 204)
17.1 KEY INDUSTRY INSIGHTS
17.2 DISCUSSION GUIDE
17.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
17.4 AVAILABLE CUSTOMIZATIONS
17.4.1 CHINA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 20172019 (000 UNITS)
17.4.1.1 FWD
17.4.1.2 RWD
17.4.1.3 AWD/4WD
17.4.2 INDIA
17.4.2.1 Electronic limited-slip differential (ELSD)
17.4.2.2 Locking differential
17.4.2.3 Limited-slip differential (LSD)
17.4.2.4 Open differential
17.4.2.5 Torque vectoring differential
17.5 RELATED REPORTS
17.6 AUTHOR DETAILS
The study involves 4 main activities to estimate the current size of the automotive differential market. Exhaustive secondary research was done to collect information on the market, such as the various type of differential, upcoming technologies, and significant component of differential system. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. A bottom-up approach was employed to estimate the market size for different segments considered under this study.
Secondary Research
The secondary sources referred for this research study include automotive organizations such as the European Automobile Manufacturers Association, Automotive Maintenance and Repair Association (AMRA), and paid databases and directories, corporate filings (such as annual reports, investor presentations, and financial statements), Factiva, CrunchBase, Bloomberg and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.
Primary Research
Extensive primary research was conducted after acquiring an understanding of the automotive differential market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand (OEM) and supply-side (automotive differential manufacturers and component suppliers) players across three major regions, namely, North America, Europe, and Asia Pacific. Approximately 20% of primary interviews from the demand side and 80% from the supply side were conducted. Primary data was collected through questionnaires, mails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Estimation Methodology
A detailed market estimation approach was followed to estimate and validate the automotive differential market and other dependent submarkets, as mentioned below:
- Key players in the automotive differential market were identified through secondary research, and their global market shares were determined through primary and secondary research.
- The research methodology included the study of the annual and quarterly financial reports & regulatory filings of major market players as well as interviews with industry experts for detailed market insights.
- All application-level penetration rates, percentage shares, splits, and breakdowns for the automotive differential market were determined by using secondary sources and verified through primary sources.
- All key macro indicators affecting the revenue growth of the market segments and subsegments have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data.
- The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.
Bottom-Up Approach
The bottom-up approach has been used to estimate and validate the size of the global market.
The market size, by volume, of the automotive differential market has been derived by identifying the country-wise usage pattern of front vs. rear vs. of all-wheel drive type vehicles, as well as the type of differentials used in the vehicles. This data is mapped for each country under the scope of the study and by vehicle type. The number of units fitted in each country is added to derive the regional market size, in terms of volume. The market size, by value, has been arrived at by multiplying the average selling price of differential by the number of units. The value is varied by country, vehicle type, drive type, and differential technology. The country-level data is added to obtain the total size, in terms of value, of the market in that region.
All percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in this report. The following figure is an illustrative representation of the overall market size estimation process employed for this study.
Automotive Differential Market: Bottom-Up Approach
Data Triangulation
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. The data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report.
Report Objectives
- To define, describe, and forecast the global automotive differential market based on type, drive type, component, vehicle type, region, and aftermarket
- Type (open differential, locking differential, limited slip differential, electronic limited slip differential, and torque vectoring differential)
- Drive Type (front wheel drive, rear wheel drive, and all wheel/four-wheel drive)
- Aftermarket for components (differential bearing, differential case, and differential gear)
- On-highway vehicle (passenger car, light commercial vehicles, buses, and trucks)
- Off-highway vehicle (construction & mining equipment, agriculture tractors, and forklift)
- Hybrid vehicle (HEV/PHEVs)
- Hybrid vehicle by type (open differential, locking differential, limited slip differential, electronic limited slip differential, and torque vectoring differential)
- 4 key regions Asia Oceania (China, India, Japan, South Korea, Thailand, and Rest of Asia Oceania), Europe (France, Germany, Russia, Spain, Turkey, the UK, and Rest of Europe), North America (Canada, Mexico, the US) and RoW (Iran, Brazil and Rest of RoW)
- To provide detailed information about major factors influencing the growth of the market (drivers, restraints, opportunities, and industry specific challenges)
- To strategically analyze the market with ASP analysis, Patent Analysis, and COVID-19 impact
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and R&D in the automotive differential market
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with the companys specific needs
Automotive Differential Market, By Drive Type
(Country Level)
- FWD
- RWD
- AWD/4WD
Note: Asia Oceania (China, India, Japan, South Korea, Thailand, and others), Europe (France, Germany, Russia, Spain, Turkey, the UK, and others), North America (Canada, Mexico, the US) and RoW (Iran, Brazil and others)
Hybrid Vehicle Differential Market, By Differential Type (Country Level)
- Electronic limited-slip differential (ELSD)
- Locking differential
- Limited-slip differential(LSD)
- Open differential
- Torque vectoring differential
Note: Asia Oceania (China, India, Japan, and South Korea), Europe (France, Germany, Netherlands, Norway, Sweden, and the UK), North America (Canada, Mexico, and the US) and RoW (Brazil, Russia, and South Africa)
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Growth opportunities and latent adjacency in Automotive Differential Market