Automotive Differential Market

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

Report Code: AT 6535 Feb, 2021, by marketsandmarkets.com

[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.

Automotive 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 vehicle’s 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.

Automotive Differential Market  by 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

2018–2025

Base Year Considered

2020

Forecast Period

2020–2025

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 world’s 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 GKN’s 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. 

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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, 2017–2025 (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, 2014–2021
           FIGURE 21 HCV: DRIVETRAIN INSTALLATION RATE, 2014–2021
                               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, 2018–2025 (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, 2018–2025 (USD MILLION)
           5.3.1 REALISTIC SCENARIO
           TABLE 7 AUTOMOTIVE DIFFERENTIAL MARKET (REALISTIC SCENARIO), BY REGION, 2020–2025 (USD MILLION)
           5.3.2 LOW IMPACT SCENARIO
           TABLE 8 AUTOMOTIVE DIFFERENTIAL MARKET (LOW IMPACT SCENARIO), BY REGION, 2020–2025 (USD MILLION)
           5.3.3 HIGH IMPACT SCENARIO
           TABLE 9 AUTOMOTIVE DIFFERENTIAL MARKET (HIGH IMPACT SCENARIO), BY REGION, 2020–2025 (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, 2017–2019 (‘000 UNITS)
           TABLE 12 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 13 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 14 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
    6.2 ELECTRONIC LIMITED-SLIP DIFFERENTIAL (ELSD)
           TABLE 15 ELSD MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 16 ELSD MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 17 ELSD MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 18 ELSD MARKET, BY REGION, 2020–2025 (USD MILLION)
    6.3 LOCKING DIFFERENTIAL
           TABLE 19 LOCKING DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 20 LOCKING DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 21 LOCKING DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 22 LOCKING DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
    6.4 LIMITED-SLIP DIFFERENTIAL (LSD)
           TABLE 23 LSD DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 24 LSD DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 25 LSD DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 26 LSD DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
    6.5 OPEN DIFFERENTIAL
           TABLE 27 OPEN DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 28 OPEN DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 29 OPEN DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 30 OPEN DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
    6.6 TORQUE VECTORING DIFFERENTIAL
           TABLE 31 TORQUE VECTORING DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 32 TORQUE VECTORING DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 33 TORQUE VECTORING DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 34 TORQUE VECTORING DIFFERENTIAL MARKET, BY REGION, 2020–2025 (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, 2017–2019 (‘000 UNITS)
           TABLE 36 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE, 2020–2025 (‘000 UNITS)
           TABLE 37 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE, 2017–2019 (USD MILLION)
           TABLE 38 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE, 2020–2025 (USD MILLION)
    7.2 FRONT WHEEL DRIVE (FWD)
           TABLE 39 FWD DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 40 FWD DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 41 FWD DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 42 FWD DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
    7.3 REAR WHEEL DRIVE (RWD)
           TABLE 43 RWD DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 44 RWD DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 45 RWD DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 46 RWD DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
    7.4 ALL WHEEL DRIVE/ FOUR WHEEL DRIVE (AWD/4WD)
           TABLE 47 AWD/4WD DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 48 AWD/4WD DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 49 AWD/4WD DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 50 AWD/4WD DIFFERENTIAL MARKET, BY REGION, 2020–2025 (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, 2017–2019 (‘000 UNITS)
           TABLE 52 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE, 2020–2025 (‘000 UNITS)
           TABLE 53 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE, 2017–2019 (USD MILLION)
           TABLE 54 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE, 2020–2025 (USD MILLION)
    8.2 PASSENGER CAR (PC)
           TABLE 55 PASSENGER CAR DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 56 PASSENGER CAR DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 57 PASSENGER CAR DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 58 PASSENGER CAR DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.3 LIGHT COMMERCIAL VEHICLE (LCV)
           TABLE 59 LIGHT COMMERCIAL VEHICLE DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 60 LIGHT COMMERCIAL VEHICLE DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 61 LIGHT COMMERCIAL VEHICLE DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 62 LIGHT COMMERCIAL VEHICLE DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.4 TRUCK
           TABLE 63 TRUCK DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 64 TRUCK DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 65 TRUCK DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 66 TRUCK DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
    8.5 BUS
           TABLE 67 BUS DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 68 BUS DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 69 BUS DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 70 BUS DIFFERENTIAL MARKET, BY REGION, 2020–2025 (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, 2017–2019 (‘000 UNITS)
           TABLE 72 PHEV: AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 73 PHEV: AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 74 PHEV: AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2020–2025 (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, 2017–2019 (‘000 UNITS)
           TABLE 76 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 77 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 78 AUTOMOTIVE DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
     10.2 ELECTRONIC LIMITED SLIP DIFFERENTIAL (ELSD)
           TABLE 79 ELSD MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 80 ELSD MARKET FOR HYBRID VEHICLES, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 81 ELSD MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (USD MILLION)
           TABLE 82 ELSD MARKET FOR HYBRID VEHICLES, BY REGION, 2020–2025 (USD MILLION)
     10.3 LOCKING DIFFERENTIAL
           TABLE 83 LOCKING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 84 LOCKING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 85 LOCKING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (USD MILLION)
           TABLE 86 LOCKING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2020–2025 (USD MILLION)
     10.4 LIMITED SLIP DIFFERENTIAL (LSD)
           TABLE 87 LSD MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 88 LSD MARKET FOR HYBRID VEHICLES, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 89 LSD MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (USD MILLION)
           TABLE 90 LSD MARKET FOR HYBRID VEHICLES, BY REGION, 2020–2025 (USD MILLION)
     10.5 OPEN DIFFERENTIAL
           TABLE 91 OPEN DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 92 OPEN DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 93 OPEN DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (USD MILLION)
           TABLE 94 OPEN DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2020–2025 (USD MILLION)
     10.6 TORQUE VECTORING DIFFERENTIAL
           TABLE 95 TORQUE VECTORING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 96 TORQUE VECTORING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 97 TORQUE VECTORING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (USD MILLION)
           TABLE 98 TORQUE VECTORING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2020–2025 (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, 2017–2019 ('000 UNITS)
           TABLE 100 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 2020–2025 ('000 UNITS)
           TABLE 101 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 2017–2019 (USD MILLION)
           TABLE 102 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 2020–2025 (USD MILLION)
     11.2 AGRICULTURE TRACTORS
           TABLE 103 AGRICULTURE TRACTORS DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 104 AGRICULTURE TRACTORS DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 105 AGRICULTURE TRACTORS DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 106 AGRICULTURE TRACTORS DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
     11.3 CONSTRUCTION & MINING EQUIPMENT
           TABLE 107 CONSTRUCTION & MINING EQUIPMENT DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 108 CONSTRUCTION & MINING EQUIPMENT DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 109 CONSTRUCTION & MINING EQUIPMENT DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 110 CONSTRUCTION & MINING EQUIPMENT DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
     11.4 FORKLIFT
           TABLE 111 FORKLIFT DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 112 FORKLIFT DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 113 FORKLIFT DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 114 FORKLIFT DIFFERENTIAL MARKET, BY REGION, 2020–2025 (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, 2017–2019 (MILLION UNITS)
           TABLE 116 AUTOMOTIVE DIFFERENTIAL AFTERMARKET, BY COMPONENT, 2020–2025 (MILLION UNITS)
           TABLE 117 AUTOMOTIVE DIFFERENTIAL AFTERMARKET, BY COMPONENT, 2017–2019 (USD MILLION)
           TABLE 118 AUTOMOTIVE DIFFERENTIAL AFTERMARKET, BY COMPONENT, 2020–2025 (USD MILLION)
     12.2 DIFFERENTIAL BEARING
           TABLE 119 DIFFERENTIAL BEARING AFTERMARKET, BY REGION, 2017–2019 (MILLION UNITS)
           TABLE 120 DIFFERENTIAL BEARING AFTERMARKET, BY REGION, 2020–2025 (MILLION UNITS)
           TABLE 121 DIFFERENTIAL BEARING AFTERMARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 122 DIFFERENTIAL BEARING AFTERMARKET, BY REGION, 2020–2025 (USD MILLION)
     12.3 DIFFERENTIAL GEAR
           TABLE 123 DIFFERENTIAL GEAR AFTERMARKET, BY REGION, 2017–2019 (MILLION UNITS)
           TABLE 124 DIFFERENTIAL GEAR AFTERMARKET, BY REGION, 2020–2025 (MILLION UNITS)
           TABLE 125 DIFFERENTIAL GEAR AFTERMARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 126 DIFFERENTIAL GEAR AFTERMARKET, BY REGION, 2020–2025 (USD MILLION)
     12.4 DIFFERENTIAL CASE
           TABLE 127 DIFFERENTIAL CASE AFTERMARKET, BY REGION, 2017–2019 (MILLION UNITS)
           TABLE 128 DIFFERENTIAL CASE AFTERMARKET, BY REGION, 2020–2025 (MILLION UNITS)
           TABLE 129 DIFFERENTIAL CASE AFTERMARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 130 DIFFERENTIAL CASE AFTERMARKET, BY REGION, 2020–2025 (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, 2017–2019 (‘000 UNITS)
           TABLE 132 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 133 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 134 AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
     13.2 ASIA OCEANIA
           FIGURE 33 ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET SNAPSHOT
           TABLE 135 ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2017–2019 (‘000 UNITS)
           TABLE 136 ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2020–2025 (‘000 UNITS)
           TABLE 137 ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2017–2019 (USD MILLION)
           TABLE 138 ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             13.2.1 AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 139 CHINA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 140 CHINA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 141 CHINA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 142 CHINA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.2.2 ELSD MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 143 INDIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 144 INDIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 145 INDIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 146 INDIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.2.3 LOCKING DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 147 JAPAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 148 JAPAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 149 JAPAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 150 JAPAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.2.4 LSD DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 151 SOUTH KOREA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 152 SOUTH KOREA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 153 SOUTH KOREA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 154 SOUTH KOREA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.2.5 OPEN DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 155 THAILAND: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 156 THAILAND: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 157 THAILAND: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 158 THAILAND: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.2.6 TORQUE VECTORING DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 159 REST OF ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 160 REST OF ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 161 REST OF ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 162 REST OF ASIA OCEANIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
     13.3 EUROPE
           FIGURE 34 EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET SNAPSHOT
           TABLE 163 EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2017–2019 (‘000 UNITS)
           TABLE 164 EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2020–2025 (‘000 UNITS)
           TABLE 165 EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2017–2019 (USD MILLION)
           TABLE 166 EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             13.3.1 AUTOMOTIVE DIFFERENTIAL MARKET, BY DRIVE TYPE, 2020–2025 (USD MILLION)
           TABLE 167 GERMANY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 168 GERMANY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 169 GERMANY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 170 GERMANY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.3.2 FWD DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
           TABLE 171 FRANCE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 172 FRANCE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 173 FRANCE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 174 FRANCE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.3.3 RWD DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
           TABLE 175 RUSSIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 176 RUSSIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 177 RUSSIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 178 RUSSIA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.3.4 AWD/4WD DIFFERENTIAL MARKET, BY REGION, 2020–2025 (USD MILLION)
           TABLE 179 SPAIN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 180 SPAIN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 181 SPAIN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 182 SPAIN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.3.5 AUTOMOTIVE DIFFERENTIAL MARKET, BY VEHICLE TYPE, 2017–2019 (‘000 UNITS)
           TABLE 183 UK: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 184 UK: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 185 UK: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 186 UK: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.3.6 PASSENGER CAR DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 187 TURKEY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 188 TURKEY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 189 TURKEY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 190 TURKEY: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.3.7 LIGHT COMMERCIAL VEHICLE DIFFERENTIAL MARKET, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 191 REST OF EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 192 REST OF EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 193 REST OF EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 194 REST OF EUROPE: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (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, 2017–2019 (‘000 UNITS)
           TABLE 196 NORTH AMERICA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2020–2025 (‘000 UNITS)
           TABLE 197 NORTH AMERICA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2017–2019 (USD MILLION)
           TABLE 198 NORTH AMERICA: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             13.4.1 BUS DIFFERENTIAL MARKET, BY REGION, 2020–2025 (‘000 UNITS)
           TABLE 199 CANADA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 200 CANADA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 201 CANADA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 202 CANADA: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.4.2 RESEARCH METHODOLOGY
           TABLE 203 MEXICO: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 204 MEXICO: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 205 MEXICO: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 206 MEXICO: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.4.3 PHEV: AUTOMOTIVE DIFFERENTIAL MARKET, BY REGION, 2017–2019 (USD MILLION)
           TABLE 207 US: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 208 US: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 209 US: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 210 US: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (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, 2017–2019 (‘000 UNITS)
           TABLE 212 ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2020–2025 (‘000 UNITS)
           TABLE 213 ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2017–2019 (USD MILLION)
           TABLE 214 ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY COUNTRY, 2020–2025 (USD MILLION)
             13.5.1 ELSD MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 215 BRAZIL: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 216 BRAZIL: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 217 BRAZIL: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 218 BRAZIL: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.5.2 LOCKING DIFFERENTIAL MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 219 IRAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 220 IRAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 221 IRAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 222 IRAN: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (USD MILLION)
             13.5.3 LSD MARKET FOR HYBRID VEHICLES, BY REGION, 2017–2019 (‘000 UNITS)
           TABLE 223 REST OF ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (‘000 UNITS)
           TABLE 224 REST OF ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (‘000 UNITS)
           TABLE 225 REST OF ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2017–2019 (USD MILLION)
           TABLE 226 REST OF ROW: AUTOMOTIVE DIFFERENTIAL MARKET, BY DIFFERENTIAL TYPE, 2020–2025 (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, 2020–2025 ('000 UNITS)
           TABLE 229 SUPPLY CONTRACTS, 2016-2019
             15.3.4 AUTOMOTIVE DIFFERENTIAL MARKET, BY OFF-HIGHWAY VEHICLE TYPE, 2020–2025 (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, 2017–2020

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, 2020–2025 (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, 2017–2019 (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, 2020–2025 (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, 2017–2019 (‘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.

Automotive Differential Market  Size, and Share

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

Automotive Differential Market  Size, 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

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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)

COVID-19

Get in-depth analysis of the COVID-19 impact on the Automotive Differential Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Automotive Differential Market

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Report Code
AT 6535
Published ON
Feb, 2021
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