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Global All-Wheel Drive Market Size, Share, Growth, Analysis: By Vehicle Type: Passenger Cars, Commercial Vehicles; By Propulsion Type: Internal Combustion Engine (ICE) Vehicle, Electric Vehicle, Hybrid Electric Vehicle; By System Type: Manual AWD, Automatic AWD; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global All-Wheel Drive Market Outlook
The global all-wheel drive market size was approximately USD 40.06 billion in 2023. The market is further projected to grow at a CAGR of 8.1% between 2024 and 2032, reaching a value of around USD 81.64 billion by 2032.
Key Trends in the Market
AWD, or all-wheel drive, refers to a vehicle utilising front, rear, and centre differentials to distribute power evenly to all four wheels. This enhances traction and safety across various terrains and driving conditions. Found in premium cars, performance vehicles, crossovers, and SUVs, the market growth is propelled by advancements in AWD systems and their integration into the expanding electric vehicle market.
- Advancements and enhancements in all-wheel-drive (AWD) systems, coupled with their increasing adoption in the expanding electric vehicle market, are key factors expected to drive the all-wheel drive market demand in the forecast period.
- Enhancements in AWD capabilities, particularly in response to cold weather conditions, are driving the market demand in North America and Europe. The Asia Pacific region, particularly, is witnessing significant growth in the luxury vehicle segment, boosting the demand for all-wheel vehicle systems to provide enhanced traction throughout different conditions.
- The all-wheel drive market growth in the forecast period is expected to be supported by factors like enhanced safety, stability, and drive control of AWD systems. While these systems were initially exclusive to high-end cars, the increasing integration of AWD systems in small passenger cars and hybrid electric vehicles has driven the global demand.
- The rising consumer demand for enhanced driving dynamics, including traction and control, is expected to drive the growth of the market in the coming years. The adoption of all-wheel-drive and four-wheel-drive systems not only enhances vehicle stability but also contributes to improved fuel efficiency and power.
All-Wheel Drive Market Segmentation
Based on vehicle type, the market is categorised into passenger cars and commercial vehicles. On the basis of propulsion type, the market can be segmented into internal combustion engine (ICE) vehicle, electric vehicle, and hybrid electric vehicle.
The market is bifurcated based on system type into manual AWD and automatic AWD. The market, on the basis of application, is divided into on-road and off-road. The major regional markets for all-wheel drive are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global all-wheel drive market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- BorgWarner Inc.
- Toyota Motor Corporation
- Magna International Inc.
- Nissan Motor Co., Ltd.
- ZF Friedrichshafen AG
- Eaton Corporation Plc
- American Axle & Manufacturing, Inc.
- Dana Incorporated
- JTEKT CORPORATION
- Melrose Industries Plc (GKN Automotive Limited)
- Others
Market Share by Vehicle Type
As per the all-wheel drive market analysis, passenger cars are expected to hold a significant market share during the forecast period. Historically confined to high-end vehicles, the increasing demand for a safe drive system in various climatic and road conditions has prompted manufacturers to introduce cost-effective AWD systems across all vehicle segments. This buyer-driven demand has led to the global incorporation of AWD systems in passenger cars and compact utility vehicles without significant cost increases. The trend extends to light commercial and heavy commercial vehicles, with growing demand observed in both Western countries and developing economies in Asia Pacific.
Market Share by Region
Europe and North America hold a significant portion of the all-wheel drive market share in the forecast period. The rising demand for AWD SUVs in these regions has contributed to market growth. In the Asia Pacific region, the market growth is anticipated to be fuelled by the increased production and sales of passenger cars, driven by the benefits of comfort, traction, and control provided by the AWD system, particularly in challenging terrains.
Competitive Landscape
BorgWarner Inc., a global leader in mobility solutions for over 130 years, is committed to innovative and sustainable transportation. Guided by values such as inclusion, integrity, excellence, responsibility, and collaboration, and aiming for carbon neutrality by 2035, it is at the forefront of shaping a cleaner, healthier, and safer automotive future. With a team of approximately 38,300 employees across 80 global locations, it designs and manufactures cutting-edge systems driving the world towards eMobility.
Toyota Motor Corporation, a leading global automotive manufacturer, produces vehicles in 27 countries and markets them in over 170 regions. Established in 1937 and based in Toyota City, Japan, the company employs nearly 350,000 people worldwide. Committed to being a responsible corporate corporation, Toyota aims to build trust with stakeholders and contribute to the development of a prosperous society through its diverse business operations.
Nissan Motor Co., Ltd., a global car manufacturer, offers a comprehensive range of vehicles under the Nissan and INFINITI brands. Headquartered in Yokohama, Japan, Nissan manages operations across four regions: Japan-ASEAN, China, Americas, and AMIEO (Africa, Middle East, India, Europe & Oceania). With a focus on optimising product development and delivering innovative technology, Nissan has earned a stellar reputation for creating groundbreaking vehicles and service programs, operating in 13 markets with 28 facilities and engaging 134,111 employees.
Other all-wheel drive market players include Magna International Inc., ZF Friedrichshafen AG, Eaton Corporation Plc, American Axle & Manufacturing, Inc., Dana Incorporated, JTEKT CORPORATION, and Melrose Industries Plc (GKN Automotive Limited), among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle Type |
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| Breakup by Propulsion Type |
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| Breakup by System Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global All-Wheel Drive Market Analysis
8.1 Key Industry Highlights
8.2 Global All-Wheel Drive Historical Market (2018-2023)
8.3 Global All-Wheel Drive Market Forecast (2024-2032)
8.4 Global All-Wheel Drive Market by Vehicle Type
8.4.1 Passenger Cars
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Commercial Vehicles
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global All-Wheel Drive Market by Propulsion Type
8.5.1 Internal Combustion Engine (ICE) Vehicle
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Electric Vehicle
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hybrid Electric Vehicle
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global All-Wheel Drive Market by System Type
8.6.1 Manual AWD
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Automatic AWD
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global All-Wheel Drive Market by Application
8.7.1 On-Road
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Off-Road
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global All-Wheel Drive Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America All-Wheel Drive Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe All-Wheel Drive Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific All-Wheel Drive Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America All-Wheel Drive Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa All-Wheel Drive Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BorgWarner Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Toyota Motor Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Magna International Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nissan Motor Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ZF Friedrichshafen AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Eaton Corporation Plc
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 American Axle & Manufacturing, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Dana Incorporated
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 JTEKT CORPORATION
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Melrose Industries Plc (GKN Automotive Limited)
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global All-Wheel Drive Market: Key Industry Highlights, 2018 and 2032
2. Global All-Wheel Drive Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
3. Global All-Wheel Drive Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
4. Global All-Wheel Drive Historical Market: Breakup by Propulsion Type (USD Billion), 2018-2023
5. Global All-Wheel Drive Market Forecast: Breakup by Propulsion Type (USD Billion), 2024-2032
6. Global All-Wheel Drive Historical Market: Breakup by System Type (USD Billion), 2018-2023
7. Global All-Wheel Drive Market Forecast: Breakup by System Type (USD Billion), 2024-2032
8. Global All-Wheel Drive Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global All-Wheel Drive Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global All-Wheel Drive Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global All-Wheel Drive Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America All-Wheel Drive Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America All-Wheel Drive Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe All-Wheel Drive Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe All-Wheel Drive Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific All-Wheel Drive Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific All-Wheel Drive Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America All-Wheel Drive Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America All-Wheel Drive Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa All-Wheel Drive Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa All-Wheel Drive Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global All-Wheel Drive Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 40.06 billion.
The market is projected to grow at a CAGR of 8.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 81.64 billion by 2032.
The major market drivers include surging demand for driving dynamics such as traction and control, rising preference for vehicles with fuel efficiency and power, and increasing demand for AWD-equipped vehicles in developing regions.
Increasing demand for SUVs and vehicles with improved safety-features for winter or hazardous climatic conditions and the development of advanced AWD systems by key players are the key trends aiding the market growth.
North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, among others, are the major regional markets for all-wheel drive.
The major vehicle types considered in the market report are passenger cars and commercial vehicles.
The key players in the market are BorgWarner Inc., Toyota Motor Corporation, Magna International Inc., Nissan Motor Co., Ltd., ZF Friedrichshafen AG, Eaton Corporation Plc, American Axle & Manufacturing, Inc., Dana Incorporated, JTEKT CORPORATION, and Melrose Industries Plc (GKN Automotive Limited), among others.
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