Automotive Differential Market

Market Leader -Automotive Differential Market

The global automotive differential market is projected to reach USD 18.4 billion by 2025 from USD 23.2 billion in 2020, at a CAGR of 4.7%. The important factors driving the growth of this market include the demand for ICE and Off-highway vehicles. However, a major restraint for the differential market is the increasing demand for hybrid propulsion light-duty vehicles in developed countries.

Some of the key manufacturers operating 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).

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New product development is another major strategy adopted by industry players. New product development provides companies with a competitive edge. For instance, 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.
GKN adopted the strategies of expansion and joint venture to retain its position in the automotive differential market. For instance, in October 2018, GKN Automotive’s Chinese joint venture, Shanghai GKN HUAYU Driveline Systems (SDS), officially opened a new Technical Center in the city’s Kangqiao suburb that will specialize in research and development of its state-of-the-art technologies for constant velocity joint (CVJ), All-Wheel Drive (AWD), and eDrive systems. The opening of the Technical Center also marks 30 years since GKN established its automotive joint venture in China, the first Tier 1 automotive supplier to do so.

On the other hand, Eaton adopted new product developments, supply contracts, and mergers & acquisitions to sustain its market position.  In March 2019, Eaton supplies many leading-edge technologies that improve fuel economy and reduce emissions to Original Equipment Manufacturer (OEM) teams. These include a high-efficiency transmission that achieves additional fuel savings by enabling engine-off coasting and waste heat recovery; a 48-volt mild-hybrid electrically regenerative accessory drive that charges the vehicle’s batteries, efficiently runs the air conditioner and other accessories, and replaces the alternator in line haul commercial vehicles; and precise exhaust gas recirculation controllers that enable simultaneous fuel and emissions reductions.

Related Reports:

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

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[email protected]

Report Code
AT 6535
RI Published ON
2/15/2021
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