PUBLISHER: IMARC | PRODUCT CODE: 1423194
PUBLISHER: IMARC | PRODUCT CODE: 1423194
Automotive Multi-Wheel Drive Market Report by Vehicle Type, Transmission Type, Wheel Drive Type (Front-Wheel Drive, Rear-Wheel Drive, Four-Wheel Drive /All-Wheel Drive ), and Region 2024-2032
Abstract
The global automotive multi-wheel drive market size reached 16.7 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 24.2 Million Units by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032. The increasing participation in recreational activities, rising sales of SUVs, and the growing focus on driver safety represent some of the key factors driving the market.
Automotive multi-wheel drive (MWD), also known as all-wheel drive (AWD), is a drivetrain system that provides power to all four wheels of a vehicle simultaneously. It is designed to improve traction, stability, and handling on various types of terrain and numerous weather conditions. It comprises vehicles that have four or more than four wheels, such as sport utility vehicles (SUVs), trucks, commercial lorries, and luxury cars. It is also equipped with sensors that are installed on each wheel to monitor traction, speed, and several other data points. It is considered ideal for rough terrains like snow, ice, mud, off-road, and sand as it prevents slipping and helps push the vehicle forward. It also allows the engines to distribute the weight in a more efficient manner.
Market Trends:
The increasing use of automotive MWDs in pickup trucks for off-roading events and the rising participation in recreational activities and adventure sports represents one of the major factors bolstering the market growth around the world. Moreover, the growing usage of automotive MWDs in military vehicles that are designed to tackle rough terrain and provide superior traction and stability in challenging environments is influencing the market positively. In addition, there is an increase in the sales of SUVs on account of rapid urbanization and inflating income levels. This, coupled with a rising focus on driver and passenger safety due to the growing instances of fatal road accidents, is driving the demand for automotive MWD in these vehicles. Apart from this, the increasing adoption of automotive MWDs in all terrain vehicles (ATVs) to improve fuel efficiency by reducing energy waste using advanced technologies, such as regenerative braking and hybrid powertrains, is favoring the growth of the market. Furthermore, the rising awareness about the benefits of using automotive MWDs, such as better weight management, safety and traction, and increased control and grip under all road conditions, is propelling the growth of the market. Besides this, the advent of automotive MWDs that are incorporated with an electronic control unit (ECU) to provide the desired driving characteristics is strengthening the growth of the market. Additionally, the growing consumer preferences towards comfort and luxury driving with enhanced driving dynamics are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive multi-wheel drive market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on vehicle type, transmission type and wheel drive type.
Vehicle Type Insights:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
The report has provided a detailed breakup and analysis of the automotive multi-wheel drive market based on the vehicle type. This includes passenger cars, light commercial vehicles, and heavy commercial vehicles. According to the report, passenger cars represented the largest segment.
Transmission Type Insights:
Manual MWD
Automatic MWD
A detailed breakup and analysis of the automotive multi-wheel drive market based on the transmission type has also been provided in the report. This includes manual MWD and automatic MWD. According to the report, manual MWD accounted for the largest market share.
Wheel Drive Type Insights:
Front-wheel Drive (FWD)
Rear-wheel Drive (RWD)
Four-wheel Drive (4WD)/All-wheel Drive (AWD)
The report has provided a detailed breakup and analysis of the automotive multi-wheel drive market based on the wheel drive type. This includes front-wheel drive (FWD), rear-wheel drive (RWD), and four-wheel drive (4WD)/all-wheel drive (AWD). According to the report, four-wheel drive (4WD)/all-wheel drive (AWD) represented the largest segment.
Regional Insights:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, North America, Europe, the Middle East and Africa, and Latin America. According to the report, North America was the largest market for automotive multi-wheel drive. Some of the factors driving the North America automotive multi-wheel drive market included significant improvements in automotive infrastructure, product innovations, integration of advanced technologies, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global automotive multi-wheel drive market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Borg Warner Inc, Continental AG, ZF Friedrichshafen AG, JTEKT Corporation, Magna International Inc., American Axle & Manufacturing Inc., Eaton Corporation Inc., GKN Plc, Dana Incorporated, Oerlikon Group, Mitsubishi Motors Corporation., etc.
Key Questions Answered in This Report
- 1. What was the size of the global automotive multi-wheel drive market in 2023?
- 2. What is the expected growth rate of the global automotive multi-wheel drive market during 2024-2032?
- 3. What are the key drivers driving the global automotive multi-wheel drive market?
- 4. What has been the impact of COVID-19 on the global automotive multi-wheel drive market?
- 5. What is the breakup of the global automotive multi-wheel drive market based on the vehicle type?
- 6. What is the breakup of the global automotive multi-wheel drive market based on the transmission type?
- 7. What are the key regions in the global automotive multi-wheel drive market?
- 8. Who are the key players/companies in the global automotive multi-wheel drive market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Multi Wheel Drive Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Vehicle Type
- 5.5 Market Breakup by Transmission Type
- 5.6 Market Breakup by Wheel Drive Type
- 5.7 Market Breakup by Region
- 5.8 Market Forecast
6 Market Breakup by Vehicle Type
- 6.1 Passenger Cars
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Light Commercial Vehicles
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Heavy Commercial Vehicles
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Transmission Type
- 7.1 Manual MWD
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Automatic MWD
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Wheel Drive Type
- 8.1 Front-wheel Drive (FWD)
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Rear-wheel Drive (RWD)
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Four-wheel Drive (4WD)/All-wheel Drive (AWD)
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 Asia Pacific
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 North America
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Europe
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Middle East and Africa
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Latin America
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Global Automotive Multi Wheel Drive Industry: SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Global Automotive Multi Wheel Drive Industry: Value Chain Analysis
- 11.1 Overview
- 11.2 Research and Development
- 11.3 Raw Material Procurement
- 11.4 Manufacturing
- 11.5 Marketing
- 11.6 Distribution
- 11.7 End-Use
12 Global Automotive Multi Wheel Drive Industry: Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Global Automotive Multi Wheel Drive Industry: Price Analysis
- 13.1 Price Indicators
- 13.2 Price Structure
- 13.3 Margin Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Borg Warner Inc
- 14.3.2 Continental AG
- 14.3.3 ZF Friedrichshafen AG
- 14.3.4 JTEKT Corporation
- 14.3.5 Magna International Inc.
- 14.3.6 American Axle & Manufacturing Inc.
- 14.3.7 Eaton Corporation Inc.
- 14.3.8 GKN Plc
- 14.3.9 Dana Incorporated
- 14.3.10 Oerlikon Group
- 14.3.11 Mitsubishi Motors Corporation
List of Figures
- Figure 1: Global: Automotive Multi Wheel Drive Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Multi Wheel Drive Market: Sales Volume (in Million Units), 2018-2023
- Figure 3: Global: Automotive Multi Wheel Drive Market: Breakup by Vehicle Type (in %), 2023
- Figure 4: Global: Automotive Multi Wheel Drive Market: Breakup by Transmission Type (in %), 2023
- Figure 5: Global: Automotive Multi Wheel Drive Market: Breakup by Wheel Drive Type (in %), 2023
- Figure 6: Global: Automotive Multi Wheel Drive Market: Breakup by Region (in %), 2023
- Figure 7: Global: Automotive Multi Wheel Drive Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 8: Global: Automotive Multi Wheel Drive Industry: SWOT Analysis
- Figure 9: Global: Automotive Multi Wheel Drive Industry: Value Chain Analysis
- Figure 10: Global: Automotive Multi Wheel Drive Industry: Porter's Five Forces Analysis
- Figure 11: Global: Automotive Multi Wheel Drive (Passenger Cars) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 12: Global: Automotive Multi Wheel Drive (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 13: Global: Automotive Multi Wheel Drive (Light Commercial Vehicles) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 14: Global: Automotive Multi Wheel Drive (Light Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 15: Global: Automotive Multi Wheel Drive (Heavy Commercial Vehicles) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 16: Global: Automotive Multi Wheel Drive (Heavy Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 17: Global: Automotive Multi Wheel Drive (Manual MWD) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 18: Global: Automotive Multi Wheel Drive (Manual MWD) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 19: Global: Automotive Multi Wheel Drive (Automatic MWD) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 20: Global: Automotive Multi Wheel Drive (Automatic MWD) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 21: Global: Automotive Multi Wheel Drive (Front-wheel Drive-FWD) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 22: Global: Automotive Multi Wheel Drive (Front-wheel Drive-FWD) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 23: Global: Automotive Multi Wheel Drive (Rear-wheel Drive-RWD) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 24: Global: Automotive Multi Wheel Drive (Rear-wheel Drive-RWD) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 25: Global: Automotive Multi Wheel Drive (Four-wheel Drive-4WD/All-wheel Drive-AWD) Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 26: Global: Automotive Multi Wheel Drive (Four-wheel Drive-4WD/All-wheel Drive-AWD) Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 27: Asia Pacific: Automotive Multi Wheel Drive Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 28: Asia Pacific: Automotive Multi Wheel Drive Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 29: North America: Automotive Multi Wheel Drive Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 30: North America: Automotive Multi Wheel Drive Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 31: Europe: Automotive Multi Wheel Drive Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 32: Europe: Automotive Multi Wheel Drive Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 33: Middle East and Africa: Automotive Multi Wheel Drive Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 34: Middle East and Africa: Automotive Multi Wheel Drive Market Forecast: Sales Volume (in Million Units), 2024-2032
- Figure 35: Latin America: Automotive Multi Wheel Drive Market: Sales Volume (in Million Units), 2018 & 2023
- Figure 36: Latin America: Automotive Multi Wheel Drive Market Forecast: Sales Volume (in Million Units), 2024-2032
List of Tables
- Table 1: Global: Automotive Multi Wheel Drive Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Automotive Multi Wheel Drive Market Forecast: Breakup by Vehicle Type (in Million Units), 2024-2032
- Table 3: Global: Automotive Multi Wheel Drive Market Forecast: Breakup by Transmission Type (in Million Units), 2024-2032
- Table 4: Global: Automotive Multi Wheel Drive Market Forecast: Breakup by Wheel Drive Type (in Million Units), 2024-2032
- Table 5: Global: Automotive Multi Wheel Drive Market Forecast: Breakup by Region (in Million Units), 2024-2032
- Table 6: Global: Automotive Multi Wheel Drive Market Structure
- Table 7: Global: Automotive Multi Wheel Drive Market: Key Players
