The automotive transfer case global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Transfer Case Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automotive transfer case market size has grown strongly in recent years. It will grow from $15.56 billion in 2023 to $17.1 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to increased urbanization, growth in global automotive sales, growth in e-commerce platforms, increased disposable income, and rising investments in automotive infrastructure.
The automotive transfer case market size is expected to see rapid growth in the next few years. It will grow to $25.06 billion in 2028 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to increasing demand for electric vehicles, growing off-road recreational activities, expanding automotive production, increasing government regulations promoting vehicle safety standards, and rising consumer preference for sport utility vehicles and trucks. Major trends in the forecast period include technological advancements, electric and hybrid vehicles, integration of advanced electronic controls, adoption of lightweight materials, and development of intelligent all-wheel drive systems.
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Scope Of Automotive Transfer Case Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Transfer Case Market Overview
Market Drivers –
The increasing demand for off-road vehicles is expected to propel the growth of the automotive transfer case market going forward. Off-road vehicles are designed for driving on unpaved surfaces and rugged terrain and are equipped with specialized features for enhanced traction and durability. The increasing demand for off-road vehicles is due to the popularity of outdoor activities, advancements in off-road vehicle technology, expanding recreational opportunities, growing interest in off-road racing and competitions, and the versatility required for diverse terrain and industrial applications. Automotive transfer cases significantly enhance the off-road performance of vehicles by providing versatile power distribution and control options tailored to various terrain types and driving challenges. For instance, in May 2024, according to the International Energy Agency (IEA), a France-based intergovernmental organization, sales of SUVs climbed from 14.21 million in 2022 to 16.03 million in 2023. Therefore, the increasing demand for off-road vehicles is driving the growth of the automotive transfer case market.
Market Trends –
Major automotive transfer case market companies are focused on developing innovative products, such as 4×4 mobility solutions, to meet the increasing demand for off-road capabilities and enhanced traction in diverse terrain conditions. 4×4 mobility solutions typically refer to technologies and products designed to improve the off-road capabilities and traction of vehicles equipped with four-wheel drive (4WD) systems. For instance, in November 2023, Texelis, a France-based manufacturer of high-performance axles, launched Celeris 4×4 axles. This innovative platform integrates advanced technologies to ensure robust performance and reliability in challenging environments. Its main features include customizable configurations tailored to specific mission requirements, enhanced maneuverability for tactical agility, and a scalable design that accommodates various payloads.
The automotive transfer case market covered in this report is segmented –
1) By Type: Drive Type, Housing Type, Transfer Case Shift Type
2) By Shift: Manual Shift On The Fly (MOSF), Electronic Shift On The Fly (ESOF)
3) By Material: Aluminum, Magnesium, Steel
4) By Vehicle: Passenger Vehicles, Low Commercial Vehicles, Heavy Commercial Vehicles, Buses And Trucks, Off-Road Vehicles
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
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Regional Insights –
Asia-Pacific was the largest region in the automotive transfer case market in 2023. The regions covered in the automotive transfer case market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automotive transfer case market are Hyundai Motor Company, ZF Friedrichshafen AG, Magna International Inc., Aisin Seiki Co. Ltd., BorgWarner Inc., JTEKT Corporation, Dana Limited, Linamar Corporation, American Axle and Manufacturing Inc., GKN Automotive Ltd., JIT Truck Parts, TeraFlex Inc., Mile Marker Industries, AVTEC Ltd., Advance Adapters, Fabco Automotive Corporation, Northwest Fabworks, Novak Inc., JB Custom Fabrication, Offroad Design, JB Conversions Inc., KESSLER and CO GmbH
Table of Contents
1. Executive Summary
2. Automotive Transfer Case Market Report Structure
3. Automotive Transfer Case Market Trends And Strategies
4. Automotive Transfer Case Market – Macro Economic Scenario
5. Automotive Transfer Case Market Size And Growth
…..
27. Automotive Transfer Case Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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