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HOME Top Market Reports Automotive Differential Market by Type (Open, Locking, LSD, ELSD, and Torque Vectoring), Drive Type (FWD, RWD, and AWD/4 WD), Vehicle Type (PC, LCV, Truck, and Bus), Hybrid Vehicles (HEV and PHEV), Off highway, Components Aftermarket, and Region - Global Forecast to 2025

Automotive Differential Market by Type (Open, Locking, LSD, ELSD, and Torque Vectoring), Drive Type (FWD, RWD, and AWD/4 WD), Vehicle Type (PC, LCV, Truck, and Bus), Hybrid Vehicles (HEV and PHEV), Off highway, Components Aftermarket, and Region - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: August 2018
Report Code: AT 6535

 

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[174 Pages Report] The automotive differential market is primarily driven by the increasing demand for the vehicles (PCs, LCVs, and HCVs). From a market size of USD 21.75 billion in 2017, the automotive differential market is projected to reach a market size of USD 30.17 billion by 2025, at a CAGR of 4.27%.

The base year considered for the study is 2017 and the forecast period considered for the study is from 2018 to 2025. The objective is to define, describe, and forecast the global automotive differential market based on drive type (front wheel drive, rear wheel drive, and AWD/4WD), differential type (open differential, locking differential, limited-slip differential, electronically controlled limited-slip differential, and torque vectoring differential), aftermarket components (differential bearings, differential gears, and differential case), on highway vehicle (passenger cars, light commercial vehicles, buses, and trucks), off highway vehicles (construction & mining equipment, agriculture tractors, forklifts), hybrid vehicle (HEV and PHEV) and region (Asia Oceania, Europe, North America, and RoW).

The research methodology used in the report involves various secondary sources such as Marklines, European Automobile Manufacturers Association (ACEA), Automotive Maintenance and Repair Association (AMRA), and paid databases and directories. The market numbers are based on country-wise production, which is further added to arrive at the regional market. The regional data is then added to derive the global data. Vehicle production has been considered to arrive at the market size, in terms of volume. The country-wise market volume is then multiplied with the country-wise average OE price of differential. This gives the country-wise market size for differential, in terms of value. The summation of the country-wise and regional-level market size, in terms of value, provides the global automotive differential market size.

The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Automotive Differential Market

To know about the assumptions considered for the study, download the pdf brochure

The major players 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).

Target Audience

  • Differential manufacturers
  • Investment and equity research firms
  • Private equity firms
  • Differential Component manufacturers
  • Aftermarket Differential providers

Scope of the Report

By Differential Type:

  • Open Differential
  • Locking Differential
  • Limited-Slip Differential
  • Electronically Controlled Limited-Slip Differential
  • Torque Vectoring Differential

By Drive Type:

  • Front wheel drive (FWD)
  • Rear wheel drive (RWD)
  • All wheel drive/Four wheel drive (4WD)

By Component:

  • Differential Bearing
  • Differential Gear
  • Differential Case

By On Highway Vehicles:

  • Passenger Cars
  • Light Commercial Vehicles
  • Trucks
  • Buses

By Hybrid Vehicles

  • HEVs
  • PHEVs

BY Differential type, For Hybrid Vehicles

  • Open Differential
  • Locking Differential
  • Limited-Slip Differential
  • Electronically Controlled Limited-Slip Differential
  • Torque Vectoring Differential

BY Off Highway Vehicles

  • Construction & Mining Equipment
  • Agriculture Tractors
  • Forklifts

Region

  • North America
  • Asia Pacific
  • Europe
  • RoW

Available customizations

With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs

Automotive Differential market, by drive type (country level)

  • FWD
  • RWD
  • AWD
  • 4WD

Hybrid vehicle differential market, by differential type (country level)

  • Open differential
  • Locking differential
  • Limited-slip differential
  • Electronically controlled limited-slip differential
  • Torque vectoring differential

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
           1.3.3 Currency
    1.4 Limitations
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources for Vehicle Production
           2.2.2 Key Secondary Sources for Market Sizing
           2.2.3 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
    2.5 Market Breakdown & Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Automotive Differential Market
    4.2 Market, By Differential Type
    4.3 Market, By Drive Type
    4.4 Market, By Vehicle Type
    4.5 Market for Hybrid Vehicles, By Vehicle Type
    4.6 Market for Hybrid Vehicles, By Differential Type
    4.7 Market, By Off-Highway Vehicle Type
    4.8 Automotive Differential Aftermarket, By Components
    4.9 Market, By Country
    4.1 Market, By Region

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           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
                               5.2.1.1.2 Increased Investment in Infrastructure to Boost the Demand for Construction Equipment & Differential
                    5.2.1.2 Increase in Demand for Luxury and SUV Vehicles
           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
           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

6 Automotive Differential Market, By Differential Type (Page No. - 52)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
    6.1 Introduction
    6.2 Electronic Limited-Slip Differential (ELSD)
    6.3 Locking Differential
    6.4 Limited-Slip Differential (LSD)
    6.5 Open Differential
    6.6 Torque Vectoring Differential

7 Automotive Differential Market, By Drive Type (Page No. - 60)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
    7.1 Introduction
    7.2 Front Wheel Drive (FWD)
    7.3 Rear Wheel Drive (RWD)
    7.4 All Wheel Drive/ Four Wheel Drive (AWD/4WD)

8 Automotive Differential Market, By Vehicle Type (Page No. - 66)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
    8.1 Introduction
    8.2 Passenger Car (PC)
    8.3 Light Commercial Vehicle (LCV)
    8.4 Truck
    8.5 Bus

9 Automotive Differential Market, By Hybrid Type (Page No. - 73)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
    9.1 Introduction
    9.2 Hybrid Electric Vehicles (HEVS)
    9.3 Plug in Hybrid Electric Vehicles (PHEVS)

10 Automotive Differential Market for Hybrid Vehicles, By Differential Type (Page No. - 78)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
     10.1 Introduction
     10.2 Electronic Limited Slip Differential (ELSD)
     10.3 Locking Differential
     10.4 Limited Slip Differential (LSD)
     10.5 Open Differential
     10.6 Torque Vectoring Differential

11 Automotive Differential Market, By Off-Highway Vehicle Type (Page No. - 86)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
     11.1 Introduction
     11.2 Agriculture Tractors
     11.3 Construction & Mining Equipment
     11.4 Forklift

12 Automotive Differential Aftermarket, By Component (Page No. - 92)
Note - The Chapter is Further Segmented at Regional Level and Considered Regions are Asia Oceania, Europe, North America, and RoW
     12.1 Introduction
     12.2 Differential Bearing
     12.3 Differential Gear
     12.4 Differential Case

13 Automotive Differential Market, By Region (Page No. - 98)
Note - The Chapter is further segmented by Differential type – Open differential, Locking differential, Limited-slip differential, Electronic limited-slip differential, and Torque vectoring differential
     13.1 Introduction
     13.2 Asia Oceania
             13.2.1 China
             13.2.2 India
             13.2.3 Japan
             13.2.4 South Korea
             13.2.5 Thailand
             13.2.6 Rest of Asia Oceania
     13.3 Europe
             13.3.1 Germany
             13.3.2 France
             13.3.3 Russia
             13.3.4 Spain
             13.3.5 UK
             13.3.6 Turkey
             13.3.7 Rest of Europe
     13.4 North America
             13.4.1 Canada
             13.4.2 Mexico
             13.4.3 US
     13.5 Rest of the World (RoW)
             13.5.1 Brazil
             13.5.2 Iran
             13.5.3 Rest of RoW

14 Competitive Landscape (Page No. - 128)
     14.1 Introduction
     14.2 Automotive Differential: Market Share Analysis
     14.3 Competitive Situations & Trends
             14.3.1 New Product Development
             14.3.2 Expansion
             14.3.3 Supply Contracts
             14.3.4 Acquisition/Partnership/Collaboration

15 Company Profiles (Page No. - 136)
(Overview, Products offerings, Recent developments & SWOT analysis)*
     15.1 GKN
     15.2 Eaton
     15.3 American Axle
     15.4 Dana
     15.5 Borgwarner
     15.6 Linamar
     15.7 Schaeffler
     15.8 ZF
     15.9 JTEKT
     15.1 Continental
     15.11 Additional Company Profiles
             15.11.1 North America
                        15.11.1.1 Auburn Gear
                        15.11.1.2 Neapco
                        15.11.1.3 Magna
             15.11.2 Europe
                        15.11.2.1 Drexler
                        15.11.2.2 Quaife
                        15.11.2.3 Xtrac
             15.11.3 Asia Oceania
                        15.11.3.1 NSK
                        15.11.3.2 Bharat Gears
                        15.11.3.3 Cusco
             15.11.4 RoW
                        15.11.4.1 ZEN
                        15.11.4.2 Kermankhodro

*Details on Overview, Products offerings, Recent developments & SWOT analysis might not be captured in case of unlisted companies.

16 Appendix (Page No. - 166)
     16.1 Key Industry Insights
     16.2 Discussion Guide
     16.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.4 Available Customizations
             16.4.1 Automotive Differential Market, By Drive Type (Country Level)
                        16.4.1.1 FWD
                        16.4.1.2 RWD
                        16.4.1.3 AWD/4WD
             16.4.2 Hybrid Vehicle Differential Market, By Differential Type
                        16.4.2.1 Electronic Limited-Slip Differential (ELSD)
                        16.4.2.2 Locking Differential
                        16.4.2.3 Limited-Slip Differential (LSD)
                        16.4.2.4 Open Differential
                        16.4.2.5 Torque Vectoring Differential
     16.5 Related Reports
     16.6 Author Details
 

List of Tables (122 Tables)

Table 1 Currency Exchange Rates (W.R.T. USD) 21
Table 2 List of Assumptions Considered 30
Table 3 Automotive Differential Market: Market Dynamics Impact 43
Table 4 Global Airport Construction Projects, By Country 47
Table 5 Key OEMS & their SUVs With AWD & 4WD Systems 48
Table 6 Government Incentives for Electric Vehicles, By Country 49
Table 7 Market, By Differential Type, 2016–2025 (‘000 Units) 54
Table 8 Market, By Differential Type, 2016–2025 (USD Million) 54
Table 9 ELSD: Market, By Region, 2016–2025 (‘000 Units) 55
Table 10 ELSD: Market, By Region, 2016–2025 (USD Million) 55
Table 11 Locking Differential: Market, By Region, 2016–2025 (‘000 Units) 56
Table 12 Locking Differential: Market, By Region, 2016–2025 (USD Million) 56
Table 13 LSD: Market, By Region, 2016–2025 (‘000 Units) 57
Table 14 LSD: Market, By Region, 2016–2025 (USD Million) 57
Table 15 Open Differential: Market, By Region, 2016–2025 (‘000 Units) 58
Table 16 Open Differential: Market, By Region, 2016–2025 (USD Million) 58
Table 17 Torque Vectoring Differential: Market, By Region, 2016–2025 (‘000 Units) 59
Table 18 Torque Vectoring Differential: Market, By Region, 2016–2025 (USD Million) 59
Table 19 Automotive Differential Market, By Drive Type, 2016–2025 (‘000 Units) 62
Table 20 Market, By Drive Type, 2016–2025 (USD Million) 62
Table 21 FWD: Market, By Region, 2016–2025 (‘000 Units) 63
Table 22 FWD: Market, By Region, 2016–2025 (USD Million) 63
Table 23 RWD: Market, By Region, 2016–2025 (‘000 Units) 64
Table 24 RWD: Market, By Region, 2016–2025 (USD Million) 64
Table 25 AWD/4WD: Market, By Region, 2016–2025 (‘000 Units) 65
Table 26 AWD/4WD: Market, By Region, 2016–2025 (USD Million) 65
Table 27 Automotive Differential Market, By Vehicle Type, 2016–2025 (‘000 Units) 68
Table 28 Market, By Vehicle Type, 2016–2025 (USD Million) 68
Table 29 PC: Market, By Region, 2016–2025 (‘000 Units) 69
Table 30 PC: Market, By Region, 2016–2025 (USD Million) 69
Table 31 LCV: Market, By Region, 2016–2025 (‘000 Units) 70
Table 32 LCV: Market, By Region, 2016–2025 (USD Million) 70
Table 33 Truck: Market, By Region, 2016–2025 (‘000 Units) 71
Table 34 Truck: Market, By Region, 2016–2025 (USD Million) 71
Table 35 Bus: Market, By Region, 2016–2025 (‘000 Units) 72
Table 36 Bus: Market, By Region, 2016–2025 (USD Million) 72
Table 37 Automotive Differential Market, By Hybrid Vehicle Type, 2016–2025 (‘000 Units) 75
Table 38 Market, By Hybrid Vehicle Type, 2016–2025 (USD Million) 75
Table 39 HEVs: Market, By Region, 2016–2025 (‘000 Units) 76
Table 40 Hevs: Market, By Region, 2016–2025 (USD Million) 76
Table 41 PHEVS: Market, By Region, 2016–2025 (‘000 Units) 77
Table 42 PHEVS: Market, By Region, 2016–2025 (USD Million) 77
Table 43 Market for Hybrid Vehicles, By Differential Type, 2016–2025 (‘000 Units) 80
Table 44 Market for Hybrid Vehicles, By Differential Type, 2016–2025 (USD Million) 80
Table 45 ELSD: Market for Hybrid Vehicles, By Region, 2016–2025 (‘000 Units) 81
Table 46 ELSD: Market for Hybrid Vehicles, By Region, 2016–2025 (USD Million) 81
Table 47 Locking Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (‘000 Units) 82
Table 48 Locking Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (USD Million) 82
Table 49 LSD: Market for Hybrid Vehicles, By Region, 2016–2025 (‘000 Units) 83
Table 50 LSD: Market for Hybrid Vehicles, By Region, 2016–2025 (USD Million) 83
Table 51 Open Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (‘000 Units) 84
Table 52 Open Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (USD Million) 84
Table 53 Torque Vectoring Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (‘000 Units) 85
Table 54 Torque Vectoring Differential: Market for Hybrid Vehicles, By Region, 2016–2025 (USD Million) 85
Table 55 Automotive Differential Market, By Off-Highway Vehicle Type, 2016–2025 ('000 Units) 87
Table 56 Market, By Off-Highway Vehicle Type, 2016–2025 (USD Million) 88
Table 57 Agriculture Tractors: Market, By Region, 2016–2025 ('000 Units) 88
Table 58 Agriculture Tractors: Market, By Region, 2016–2025 (USD Million) 89
Table 59 Construction & Mining Equipment: Market, By Region, 2016–2025 ('000 Units) 89
Table 60 Construction & Mining Equipment: Market, By Region, 2016–2025 (USD Million) 90
Table 61 Forklift: Market, By Region, 2016–2025 ('000 Units) 90
Table 62 Forklift: Market, By Region, 2016–2025 (USD Million) 91
Table 63 Automotive Differential Aftermarket, By Component, 2016–2025 (Million Units) 93
Table 64 Automotive Differential Aftermarket, By Component, 2016–2025 (USD Million) 94
Table 65 Differential Bearing: Automotive Differential Aftermarket, By Region, 2016–2025 (Million Units) 94
Table 66 Differential Bearing: Automotive Differential Aftermarket, By Region, 2016–2025 (USD Million) 95
Table 67 Differential Gear: Automotive Differential Aftermarket, By Region, 2016–2025 (Million Units) 95
Table 68 Differential Gear: Automotive Differential Aftermarket, By Region, 2016–2025 (USD Million) 96
Table 69 Differential Case: Automotive Differential Aftermarket, By Region, 2016–2025 (Million Units) 96
Table 70 Differential Case: Automotive Differential Aftermarket, By Region, 2016–2025 (USD Million) 97
Table 71 Automotive Differential Market, By Region, 2016–2025 (‘000 Units) 100
Table 72 Market, By Region, 2016–2025 (USD Million) 101
Table 73 Asia Oceania: Market, By Country, 2016–2025 (‘000 Units) 102
Table 74 Asia Oceania: Market, By Country, 2016–2025 (USD Million) 102
Table 75 China: Market, By Differential Type, 2016–2025 (‘000 Units) 105
Table 76 China: Market, By Differential Type, 2016–2025 (USD Million) 105
Table 77 India: Market, By Differential Type, 2016–2025 (‘000 Units) 106
Table 78 India: Market, By Differential Type, 2016–2025 (USD Million) 106
Table 79 Japan: Market, By Differential Type, 2016–2025 (‘000 Units) 107
Table 80 Japan: Market, By Differential Type, 2016–2025 (USD Million) 107
Table 81 South Korea: Market, By Differential Type, 2016–2025 (‘000 Units) 108
Table 82 South Korea: Market, By Differential Type, 2016–2025 (USD Million) 108
Table 83 Thailand: Market, By Differential Type, 2016–2025 (‘000 Units) 109
Table 84 Thailand: Market, By Differential Type, 2016–2025 (USD Million) 109
Table 85 Rest of Asia Oceania: Market, By Differential Type, 2016–2025 (‘000 Units) 110
Table 86 Rest of Asia Oceania: Market, By Differential Type, 2016–2025 (USD Million) 110
Table 87 Europe: Market, By Country, 2016–2025 (‘000 Units) 111
Table 88 Europe: Market, By Country, 2016–2025 (USD Million) 111
Table 89 Germany: Market, By Differential Type, 2016–2025 (‘000 Units) 113
Table 90 Germany: Market, By Differential Type, 2016–2025 (USD Million) 113
Table 91 France: Market, By Differential Type, 2016–2025 (‘000 Units) 114
Table 92 France: Market, By Differential Type, 2016–2025 (USD Million) 114
Table 93 Russia: Market, By Differential Type, 2016–2025 (‘000 Units) 115
Table 94 Russia: Market, By Differential Type, 2016–2025 (USD Million) 115
Table 95 Spain: Market, By Differential Type, 2016–2025 (‘000 Units) 116
Table 96 Spain: Market, By Differential Type, 2016–2025 (USD Million) 116
Table 97 UK: Market, By Differential Type, 2016–2025 (‘000 Units) 117
Table 98 UK: Market, By Differential Type, 2016–2025 (USD Million) 117
Table 99 Turkey: Market, By Differential Type, 2016–2025 (‘000 Units) 118
Table 100 Turkey: Market, By Differential Type, 2016–2025 (USD Million) 118
Table 101 Rest of Europe: Market, By Differential Type, 2016–2025 (‘000 Units) 119
Table 102 Rest of Europe: Market, By Differential Type, 2016–2025 (USD Million) 119
Table 103 North America: Market, By Country, 2016–2025 (‘000 Units) 120
Table 104 North America: Market, By Country, 2016–2025 (USD Million) 120
Table 105 Canada: Market, By Differential Type, 2016–2025 (‘000 Units) 121
Table 106 Canada:Market, By Differential Type, 2016–2025 (USD Million) 121
Table 107 Mexico: Market, By Differential Type, 2016–2025 (‘000 Units) 122
Table 108 Mexico: Market, By Differential Type, 2016–2025 (USD Million) 122
Table 109 US: Market, By Differential Type, 2016–2025 (‘000 Units) 123
Table 110 US: Market, By Differential Type, 2016–2025 (USD Million) 123
Table 111 RoW: Market, By Country, 2016–2025 (‘000 Units) 124
Table 112 RoW: Market, By Country, 2016–2025 (USD Million) 124
Table 113 Brazil: Market, By Differential Type, 2016–2025 (‘000 Units) 125
Table 114 Brazil: Market, By Differential Type, 2016–2025 (USD Million) 125
Table 115 Iran: Market, By Differential Type, 2016–2025 (‘000 Units) 126
Table 116 Iran: Market, By Differential Type, 2016–2025 (USD Million) 126
Table 117 Rest of RoW: Market, By Differential Type, 2016–2025 (‘000 Units) 127
Table 118 Rest of RoW: Market, By Differential Type, 2016–2025 (USD Million) 127
Table 119 New Product Development 131
Table 120 Expansion 133
Table 121 Supply Contracts 134
Table 122 Acquisition/Partnership/Collaboration 135


List of Figures (53 Figures)

Figure 1 Automotive Differential Market Segmentation 20
Figure 2 Research Design – Automotive Differential Market 23
Figure 3 Research Methodology Model 24
Figure 4 Breakdown of Primary Interviews 27
Figure 5 Automotive Differential Market: Bottom-Up Approach 28
Figure 6 Automotive Differential Market: Market Outlook 31
Figure 7 Automotive Differential Market, By Region, 2018 vs. 2025 (USD Billion) 32
Figure 8 Increase in Demand for Commercial Vehicles to Drive the Automotive Differential Market 34
Figure 9 Open Differential Type to Hold the Largest Market Share By 2025 (USD Million) 35
Figure 10 AWD/4WD Segment to Hold the Largest Market Share By 2025 (USD Million) 35
Figure 11 Passenger Car Segment to Be the Largest Market During the Forecast Period (USD Million) 36
Figure 12 HEV is Expected to Be the Largest Segment in the Hybrid Vehicle Differential Market, 2018 vs. 2025 (USD Million) 36
Figure 13 Open Differential is Expected to Be the Largest Segment in the Hybrid Vehicle Differential Market, 2018 vs. 2025 (USD Million) 37
Figure 14 Agriculture Tractors Segment to Be the Largest Market During the Forecast Period (USD Million) 38
Figure 15 Differential Case to Be the Largest Market During the Forecast Period (USD Million) 38
Figure 16 China is Estimated to Be the Largest Market in 2018 (USD Million) 39
Figure 17 Asia Oceania is Expected to Hold the Largest Market Share in the Automotive Differential Market, 2018 (By Value) 40
Figure 18 Automotive Differential Market: Market Dynamics 42
Figure 19 Commercial Vehicles Production: Diesel Penetration, 2017 44
Figure 20 LCV: Drivetrain Installation Rate, 2014–2021 45
Figure 21 HCV: Production Share, By Bus and Truck, 2016–2025 45
Figure 22 HCV: Drivetrain Installation Rate, 2014–2021 46
Figure 23 Construction Equipment Sales, 2016–2025 (‘000 Units) 47
Figure 24 SUV Sales, By Vehicle Segment, 2012–2017 (‘000 Units) 48
Figure 25 Electric & Hybrid Vehicle Sales, 2012–2017 (‘000 Units) 50
Figure 26 Automotive Differential Market, By Differential Type, 2016–2025 (USD Million) 53
Figure 27 Automotive Differential Market, By Drive Type, 2018 vs. 2025 (USD Million) 61
Figure 28 Automotive Differential Market, By Vehicle Type, 2016–2025 (USD Million) 67
Figure 29 Automotive Differential Market, By Hybrid Type, 2016–2025 (USD Million) 74
Figure 30 Automotive Differential Market for Hybrid Vehicles, By Differential Type, 2016–2025 (USD Million) 79
Figure 31 Automotive Differential Market, By Off-Highway Vehicle Type, 2018 vs. 2025 (USD Million) 87
Figure 32 Automotive Differential Aftermarket, By Component, 2018 vs. 2025 (USD Million) 93
Figure 33 Automotive Differential Market, By Country, 2018 (USD Million) 100
Figure 34 Automotive Differential Market, By Region, 2018 (Value) 101
Figure 35 Asia Oceania: Automotive Differential Market Snapshot 104
Figure 36 Europe: Automotive Differential Market Snapshot 112
Figure 37 Automotive Differential Market: Key Developments By Leading Players 129
Figure 38 Automotive Differential Market Share, 2017 130
Figure 39 GKN: Company Snapshot 136
Figure 40 GKN: SWOT Analysis 139
Figure 41 Eaton: Company Snapshot 140
Figure 42 Eaton: SWOT Analysis 142
Figure 43 American Axle: Company Snapshot 143
Figure 44 American Axle: SWOT Analysis 145
Figure 45 Dana: Company Snapshot 146
Figure 46 Dana: SWOT Analysis 148
Figure 47 Borgwarner: Company Snapshot 149
Figure 48 Borgwarner: SWOT Analysis 151
Figure 49 Linamar: Company Snapshot 152
Figure 50 Schaeffler: Company Snapshot 154
Figure 51 ZF: Company Snapshot 156
Figure 52 JTEKT: Company Snapshot 158
Figure 53 Continental: Company Snapshot 161

The automotive differential market size, by value, was estimated to be USD 22.52 billion in 2018 and is projected to reach USD 30.17 billion by 2025, at a CAGR of 4.27% from 2018 to 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.

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 2018. 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, by drive type, during the forecast period. 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 the hybrid vehicle segment, HEVs have the largest market share in terms of value. HEVs are premium vehicles in terms of their price range and features offered, and they have higher fuel economy compared to the ICE variant of the same model. Japan is the leading country in terms of sales of hybrid vehicles owing to the presence of leading hybrid vehicle manufacturers such as Nissan and Toyota. In the Off highway vehicle segment, agriculture tractors are the fastest growing for automotive differential owing to the rise in the global population, degradation of soil fertility and unpredictable climatic changes, increasing mechanization in the agricultural industry, lack of skilled farm labor, increasing labor cost, and increasing need for operational efficiency and profitability.

Automotive Differential Market

The increasing demand for electric vehicles act as the major restraint for the automotive differential market. These vehicles using a pure electric powertrain system eliminates the requirement of differentials, and therefore restraining the market growth.

The major players in the automotive differential market are GKN (UK), Eaton (Ireland), American Axle (US), JTEKT (Japan), and Dana (US), Borgwarner (US), Linamar (Canada), Schaeffler (Germany), ZF (Germany), Continental (Germany), among others.

Currently, GKN, Dana, and ZF are the dominant players in the automotive differential market. The extensive competition in the automotive industry has led these companies to primarily focus on innovations. Mobility is becoming increasingly advanced and automated, which requires a highly complex technology, therefore, companies must focus on innovations.

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