According to Stratistics MRC, the Global All-Wheel Drive (AWD) Vehicle Market is accounted for $405.04 billion in 2019 and is expected to reach $695.93 billion by 2027 growing at a CAGR of 7.0% during the forecast period. The increase in demand for high performance, fuel-efficient vehicles due to the enactment of emission regulation is the major factor fueling market growth. However, the high cost of vehicles is hampering the market growth.
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By geography, North America is going to have a lucrative growth during the forecast period due to a rise in the production and sale of vehicles in the U.S. and Canada. An increased command for electric vehicles across North America is anticipated to increase the all-wheel drive (AWD) vehicle market in the region.
Some of the key players profiled in the All-Wheel Drive (AWD) Vehicle Market include American Axle & Manufacturing, Inc., GKN Plc, Dana Incorporated, Continental AG, AB Volvo, BorgWarner Inc, JTEKT Corporation, Honda Motor Company Ltd., Magna International Inc., Nissan Motor Co., Ltd, Tesla, Inc., Valeo SA , and ZF Friedrichshafen AG.
Operations Covered:
• Manual
• Automatic
Propulsions Covered:
• Electric
• IC-Engine
Vehicle Types Covered:
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Passenger Vehicle
Technologies Covered:
• Four Wheel Drive (4WD)
• All-Wheel Drive (AWD)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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